GLADSTONE LAND Corp (LAND)
GLADSTONE LAND Corp (LAND)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Real estate, at cost | 1,295,975 | 1,297,013 | 1,311,339 | 1,312,649 |
| Less accumulated depreciation | 208,264 | 198,261 | 190,214 | 183,200 |
| Total real estate, net | 1,087,711 | 1,098,752 | 1,121,125 | 1,129,449 |
| Lease intangibles, net | 3,032 | 3,129 | 3,232 | 3,334 |
| Real estate and related assets held for sale, net | NaN | 0 | 0 | 14,496 |
| Cash and cash equivalents | 8,623 | 27,177 | 11,312 | 30,481 |
| Crop inventory | 4,323 | 1,663 | NaN | NaN |
| Investments in water assets, long-term | 37,190 | 37,167 | NaN | NaN |
| Deferred water assets | 4,507 | 4,382 | NaN | NaN |
| Investments in water assets | 41,697 | 41,549 | 41,530 | 41,102 |
| Other assets, net | 58,326 | 66,902 | 48,579 | 39,723 |
| Total assets | 1,203,712 | 1,239,172 | 1,225,778 | 1,258,585 |
| Series d cumulative term preferred stock, net, 0.001 par value, 25.00 per share liquidation preference 2,415,000 shares authorized, 2,415,000 shares issued and outstanding as of december31, 2025, and december31, 2024-Series DPreferred Stock | NaN | 60,341 | 60,238 | 60,135 |
| Borrowings under lines of credit | 16,700 | 200 | 200 | 200 |
| Notes and bonds payable, net | 467,522 | 473,435 | 480,156 | 496,184 |
| Accounts payable and accrued expenses | 18,232 | 22,005 | 10,029 | 13,782 |
| Other liabilities, net-Related Party | 3,122 | 2,844 | 2,694 | 3,242 |
| Other liabilities, net-Nonrelated Party | 9,811 | 10,061 | 10,667 | 14,969 |
| Total liabilities | 515,387 | 568,886 | 563,984 | 588,512 |
| Cumulative redeemable preferred stock-Series BPreferred Stock | 6 | 6 | 6 | 6 |
| Cumulative redeemable preferred stock-Series CPreferred Stock | 10 | 10 | 10 | 10 |
| Cumulative redeemable preferred stock-Series EPreferred Stock | 0 | 0 | 0 | 0 |
| Common stock, 0.001 par value 67,649,874 shares authorized, 41,759,181 shares issued and outstanding as of march31, 2026 65,100,617 shares authorized, 38,014,918 shares issued and outstanding as of december31, 2025 | 42 | 38 | 36 | 36 |
| Additional paid-in capital | 904,551 | 870,847 | 855,152 | 854,037 |
| Distributions in excess of accumulated earnings | 221,258 | 205,511 | 198,459 | 189,474 |
| Accumulated other comprehensive income | 4,974 | 4,896 | 5,049 | 5,458 |
| Total equity | 688,325 | 670,286 | 661,794 | 670,073 |
| Total liabilities and equity | 1,203,712 | 1,239,172 | 1,225,778 | 1,258,585 |