Gladstone Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Comprehensive Income	Distributions in Excess of Accumulated Earnings	Total Stockholders’ Equity	Non- Controlling Interests	Series B Preferred Stock	Series B Preferred Stock Preferred Stock
Beginning balance, preferred stock (in shares) at Dec. 31, 2017									0
Beginning balance, common stock (in shares) at Dec. 31, 2017		13,791,574
Beginning balance at Dec. 31, 2017	$ 117,951	$ 14	$ 129,705		$ (19,802)	$ 109,917	$ 8,034		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Series B Preferred Stock, net (in shares)									393,048
Issuance of Series B Preferred Stock, net	8,799		8,799			8,799
Redemption of OP Units (in shares)		297,811
Redemption of OP Units	(523)		2,460			2,460	(2,983)
Issuance of common stock, net (in shares)		1,981,231
Issuance of common stock, net	23,607	$ 2	23,605			23,607
Net income	3,849				3,643	3,643	206
Dividends—Series B Preferred Stock	(92)				(92)	(92)
Distributions—OP Units and common stock	(6,391)				(6,054)	(6,054)	(337)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0		(626)			(626)	626
Ending balance, preferred stock (in shares) at Sep. 30, 2018									393,048
Ending balance, common stock (in shares) at Sep. 30, 2018		16,070,616
Ending balance at Sep. 30, 2018	147,200	$ 16	163,943		(22,305)	141,654	5,546		$ 0
Beginning balance, preferred stock (in shares) at Jun. 30, 2018									20,280
Beginning balance, common stock (in shares) at Jun. 30, 2018		16,023,872
Beginning balance at Jun. 30, 2018	135,151	$ 16	155,106		(25,763)	129,359	5,792		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Series B Preferred Stock, net (in shares)									372,768
Issuance of Series B Preferred Stock, net	8,344		8,344			8,344
Redemption of OP Units (in shares)		46,544
Redemption of OP Units	(2)		432			432	(434)
Issuance of common stock, net (in shares)		200
Issuance of common stock, net	4		4			4
Net income	6,020				5,683	5,683	337
Dividends—Series B Preferred Stock	(90)				(90)	(90)
Distributions—OP Units and common stock	(2,227)				(2,135)	(2,135)	(92)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0		57			57	(57)
Ending balance, preferred stock (in shares) at Sep. 30, 2018									393,048
Ending balance, common stock (in shares) at Sep. 30, 2018		16,070,616
Ending balance at Sep. 30, 2018	$ 147,200	$ 16	163,943		(22,305)	141,654	5,546		$ 0
Beginning balance, preferred stock (in shares) at Dec. 31, 2018								1,144,393	1,144,393
Beginning balance, common stock (in shares) at Dec. 31, 2018	17,891,340	17,891,340
Beginning balance at Dec. 31, 2018	$ 181,053	$ 18	202,053	$ 0	(25,826)	176,246	4,807		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Series B Preferred Stock, net (in shares)									2,330,654
Issuance of Series B Preferred Stock, net	51,977		51,975			51,977			$ 2
Redemptions of Series B Preferred Stock (in shares)									(9,520)
Redemptions of Series B Preferred Stock	(214)		(214)			(214)			$ (214)
Issuance of OP Units as consideration in real estate acquisitions, net	3,276						3,276
Redemption of OP Units (in shares)		570,879
Redemption of OP Units	0	$ 1	4,714			4,715	(4,715)
Issuance of common stock, net (in shares)		2,425,856
Issuance of common stock, net	27,145	$ 2	27,143			27,145
Accumulated Other Comprehensive Income	(347)			(347)
Net income	804				795	795	9
Dividends—Series B Preferred Stock	(2,655)				(2,655)	(2,655)
Distributions—OP Units and common stock	(7,749)				(7,658)	(7,658)	(91)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	$ 0		891			891	(891)
Ending balance, preferred stock (in shares) at Sep. 30, 2019								3,465,527	3,465,527
Ending balance, common stock (in shares) at Sep. 30, 2019	20,888,075	20,888,075
Ending balance at Sep. 30, 2019	$ 253,290	$ 21	286,562	(347)	(35,344)	250,895	2,395		$ 3
Beginning balance, preferred stock (in shares) at Jun. 30, 2019									2,636,068
Beginning balance, common stock (in shares) at Jun. 30, 2019		20,532,770
Beginning balance at Jun. 30, 2019	231,354	$ 21	263,249	0	(31,919)	231,354	0		$ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Series B Preferred Stock, net (in shares)									831,579
Issuance of Series B Preferred Stock, net	18,517		18,517			18,517
Redemptions of Series B Preferred Stock (in shares)									(2,120)
Redemptions of Series B Preferred Stock	(48)		(48)			(48)			$ (48)
Issuance of OP Units as consideration in real estate acquisitions, net	3,276						3,276
Issuance of common stock, net (in shares)		355,305
Issuance of common stock, net	3,996		3,996			3,996
Accumulated Other Comprehensive Income	(347)			(347)
Net income	523				517	517	6
Dividends—Series B Preferred Stock	(1,161)				(1,161)	(1,161)
Distributions—OP Units and common stock	(2,820)				(2,781)	(2,781)	(39)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	$ 0		848			848	(848)
Ending balance, preferred stock (in shares) at Sep. 30, 2019								3,465,527	3,465,527
Ending balance, common stock (in shares) at Sep. 30, 2019	20,888,075	20,888,075
Ending balance at Sep. 30, 2019	$ 253,290	$ 21	$ 286,562	$ (347)	$ (35,344)	$ 250,895	$ 2,395		$ 3