Gladstone land corp (LANDP)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
OPERATING REVENUES:
Lease revenue, net

48,142

40,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease revenue, net

-

-

-

-

-

29,362

28,151

26,697

26,057

25,111

23,221

21,127

19,374

17,306

15,792

14,406

12,945

11,888

10,825

9,516

8,297

7,170

5,995

5,220

4,608

4,027

3,777

3,629

3,491

3,390

0

0

0

Tenant recovery revenue

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Income

-

-

12

14

-

7,325

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

48,142

40,692

35,235

32,240

35,272

36,687

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant recovery revenue

-

-

-

-

-

-

-

-

-

-

-

9

10

11

10

12

12

13

16

18

0

-

0

0

-

-

-

-

-

-

-

-

-

Other operating revenues

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

21,136

19,384

17,317

15,803

14,418

12,958

11,901

10,838

9,532

8,315

7,184

6,016

5,235

4,619

4,038

3,777

3,629

3,491

3,390

0

0

0

OPERATING EXPENSES:
Depreciation and amortization

14,450

12,790

11,522

10,477

9,783

9,375

8,920

8,597

7,954

7,237

6,565

5,946

5,682

5,187

4,544

3,921

3,298

3,113

2,982

2,620

2,239

1,735

1,279

1,003

850

722

0

0

0

-

-

-

-

Property operating expenses

2,178

2,473

2,614

2,699

2,431

2,043

1,880

1,526

1,467

1,323

1,051

945

858

787

795

825

810

803

691

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Professional fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

680

656

709

615

432

332

209

245

0

0

0

Acquisition-related expenses

-

-

-

-

-

-

-

-

-

-

-

172

160

246

299

238

391

467

596

648

647

520

407

353

180

153

115

158

157

153

0

0

0

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Base management fee

3,752

3,623

3,478

3,306

3,086

2,837

2,694

2,527

2,303

2,041

1,832

1,694

1,549

1,542

1,518

1,490

1,434

1,343

1,282

1,226

1,134

1,079

869

588

377

195

236

260

0

-

0

0

-

Incentive fee

0

-

-

-

0

-

-

-

-

688

856

617

700

350

181

159

0

-

0

0

-

-

-

-

-

41

0

0

0

-

-

-

-

Capital gains fee

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management advisory fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Administration fee

1,285

1,207

1,206

1,282

1,307

1,275

1,193

1,017

961

914

853

826

786

771

765

762

761

680

655

620

507

442

335

229

222

194

190

217

195

180

0

0

0

Property operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

87

127

126

117

0

0

0

General and administrative expenses

1,992

1,989

1,854

1,850

1,748

1,751

1,794

1,737

1,740

1,597

1,394

1,364

1,389

1,378

1,347

1,306

1,248

1,247

1,829

1,682

1,552

1,372

764

789

777

679

517

341

157

50

0

0

0

Other operating expenses

-

-

6

181

-

7,680

7,674

7,499

2,359

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

25,838

22,929

20,530

20,423

24,304

25,589

24,888

23,119

17,113

13,800

0

0

0

-

0

-

-

7,653

7,597

7,157

6,476

5,584

4,432

3,608

0

-

0

0

-

-

0

0

-

Credits to fees from Adviser

974

1,543

1,587

2,383

1,583

1,014

0

0

0

-

0

0

-

-

0

-

-

321

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Credits to fees from Adviser

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Total operating expenses, net of credits to fees

-

-

-

-

-

-

-

-

-

-

-

-

-

10,261

9,451

8,704

7,943

7,332

7,276

6,836

6,155

5,584

4,432

3,567

0

-

0

0

-

-

0

0

-

Total operating expenses, net of credits to fees

24,864

21,386

18,943

18,040

22,721

24,575

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

OPERATING INCOME

-

-

-

-

-

-

-

-

-

-

10,685

9,572

8,260

7,056

6,352

5,713

5,014

4,569

3,562

2,696

2,159

1,599

1,348

1,395

1,376

1,357

1,606

1,563

1,782

1,901

0

0

0

OTHER INCOME (EXPENSE):
Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

26

12

1

0

0

0

Other income

1,436

938

984

923

884

373

343

346

337

206

191

189

198

109

107

131

124

49

0

0

0

-

-

-

0

-

-

-

-

4

0

0

0

Interest and other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Interest expense

17,841

16,331

14,798

13,479

12,751

12,130

11,507

11,059

10,437

9,762

8,703

7,623

6,917

6,015

5,494

5,005

4,465

4,160

3,689

3,125

2,584

2,009

1,567

1,342

1,212

1,118

1,119

1,090

1,069

1,006

0

0

0

Dividends declared on Series A cumulative term preferred stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared on Series A cumulative term preferred stock

-

-

1,833

1,833

-

1,833

1,833

1,833

1,833

1,833

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on dispositions of real estate assets, net

-395

-328

-868

5,513

5,500

5,532

0

0

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions attributable to mandatorily-redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and casualty recovery

76

10

-55

-72

-65

-194

-129

-129

-129

0

0

0

0

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Income from investments in unconsolidated entities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory Write-down

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense, net

-18,523

-17,544

-16,571

-8,982

-9,359

-9,346

-7,915

-13,756

-12,083

-11,410

-10,422

-9,027

-7,854

-6,583

-5,592

-4,783

-4,230

-4,000

-3,300

-2,533

-2,260

-1,698

-1,486

-1,550

-1,160

-1,062

-1,076

-1,063

-1,056

-1,000

0

0

0

Net income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-98

-138

-155

215

295

530

499

725

900

0

0

0

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

1,348

1,426

1,467

1,519

204

138

230

300

0

0

0

NET INCOME

4,755

1,762

-279

5,218

3,192

2,766

3,635

-2,632

-525

-34

263

545

406

473

759

930

784

569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to non-controlling interests

60

21

-59

272

161

137

180

-183

-45

-3

31

60

40

25

17

14

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO THE COMPANY

4,695

1,741

-220

4,946

3,031

2,629

3,455

-2,449

-480

-31

232

485

366

448

742

916

778

569

255

149

-121

-125

-1,487

-1,582

-1,251

-1,224

325

361

495

600

0

0

0

Dividends declared on Series B cumulative redeemable preferred stock

5,764

4,240

2,941

1,870

980

379

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS

-1,069

-2,499

-3,161

3,076

2,051

2,250

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share [Abstract]
EARNINGS (LOSS) PER COMMON SHARE:
Basic and diluted (in dollars per share)

0.04

-0.03

-0.03

-0.04

-0.03

-0.07

0.35

-0.11

-0.02

-0.01

-0.02

0.02

0.01

0.01

0.00

0.01

0.02

0.05

0.02

0.00

0.00

0.01

0.02

-0.05

0.00

-0.21

0.00

0.00

0.01

0.09

0.01

0.06

0.06

WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:
Basic and diluted (in shares)

21,262

20,975

20,763

18,641

18,028

16,491

16,057

15,506

13,957

13,704

12,271

11,850

10,395

10,025

10,018

9,992

9,992

9,303

9,060

8,439

7,753

7,745

6,605

6,530

6,530

6,547

6,530

6,530

5,249

2,750

2,750

2,750

2,750

COMPREHENSIVE INCOME:
Net Income (Loss) Attributable to Parent

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value related to interest rate hedging instruments

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.36

0.36

0.08

-

-

-

-

Distributions declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-