$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2013 Q4 Form 10-Q Financial Statement

#000119312513416038 Filed on October 29, 2013

Income Statement

Concept	2013 Q4	2013 Q3	2012 Q3
Revenue	$1.178M	$996.1K	$848.5K
YoY Change	28.46%	17.4%	13.13%
Cost Of Revenue	$883.8K	$647.5K	$542.8K
YoY Change	136.42%	19.28%	317.57%
Gross Profit	$293.9K	$348.6K	$305.6K
YoY Change	-45.86%	14.07%	-50.71%
Gross Profit Margin	24.96%	35.0%	36.02%
Selling, General & Admin	$460.0K	$370.0K	$120.0K
YoY Change	318.18%	208.33%	-76.47%
% of Gross Profit	156.5%	106.13%	39.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$210.0K	$171.8K	$120.0K
YoY Change	31.25%	43.13%	-14.29%
% of Gross Profit	71.44%	49.27%	39.26%
Operating Expenses	$670.0K	$550.0K	$240.0K
YoY Change	139.29%	129.17%	-63.08%
Operating Profit	-$376.1K	$348.6K	$305.6K
YoY Change	-243.02%	14.07%	-1118.73%
Interest Expense	-$270.0K	$276.0K	$246.6K
YoY Change	-6.9%	11.95%	-223.29%
% of Operating Profit		79.18%	80.68%
Other Income/Expense, Net	-$273.0K	-$258.5K	-$245.9K
YoY Change	-4.84%	5.09%
Pretax Income	$20.98K	$90.17K	$59.68K
YoY Change	-91.81%	51.07%	-125.95%
Income Tax	$1.328M	$85.41K	$19.90K
% Of Pretax Income	6330.65%	94.72%	33.34%
Net Earnings	-$1.307M	$4.760K	$39.78K
YoY Change	-865.77%	-88.04%	-117.3%
Net Earnings / Revenue	-111.01%	0.48%	4.69%
Basic Earnings Per Share
Diluted Earnings Per Share	-$200.6K	$0.00	$14.55K
COMMON SHARES
Basic Shares Outstanding	6.530M shares	6.530M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q4	2013 Q3	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.30M	$39.40M	$1.200M
YoY Change	1711.11%	3183.33%
Cash & Equivalents	$16.27M	$39.38M	$1.206M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$16.30M	$39.40M	$1.200M
YoY Change	1711.11%	3183.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$75.30M	$41.90M	$37.30M
YoY Change	102.96%	12.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$700.0K	$700.0K
YoY Change	0.0%
Other Assets	$300.0K	$300.0K	$300.0K
YoY Change	-76.92%	0.0%
Total Long-Term Assets	$77.37M	$46.30M	$39.10M
YoY Change	93.02%	18.42%
TOTAL ASSETS
Total Short-Term Assets	$16.30M	$39.40M	$1.200M
Total Long-Term Assets	$77.37M	$46.30M	$39.10M
Total Assets	$93.67M	$85.70M	$40.30M
YoY Change	128.55%	112.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.100M	$700.0K	$500.0K
YoY Change	22.22%	40.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$400.0K
YoY Change	-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.300M	$800.0K	$1.500M
YoY Change	-7.14%	-46.67%
LONG-TERM LIABILITIES
Long-Term Debt	$43.20M	$29.60M	$30.70M
YoY Change	40.72%	-3.58%
Other Long-Term Liabilities	$700.0K	$300.0K
YoY Change
Total Long-Term Liabilities	$43.90M	$29.90M	$30.70M
YoY Change	43.0%	-2.61%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.300M	$800.0K	$1.500M
Total Long-Term Liabilities	$43.90M	$29.90M	$30.70M
Total Liabilities	$45.16M	$31.38M	$32.40M
YoY Change	37.48%	-3.16%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.821M	$2.992M
YoY Change	-134.68%
Common Stock	$6.530K	$6.530K
YoY Change	137.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$48.51M	$54.33M	$7.900M
YoY Change
Total Liabilities & Shareholders Equity	$93.67M	$85.70M	$40.30M
YoY Change	128.55%	112.66%

Cashflow Statement

Concept	2013 Q4	2013 Q3	2012 Q3
OPERATING ACTIVITIES
Net Income	-$1.307M	$4.760K	$39.78K
YoY Change	-865.77%	-88.04%	-117.3%
Depreciation, Depletion And Amortization	$210.0K	$171.8K	$120.0K
YoY Change	31.25%	43.13%	-14.29%
Cash From Operating Activities	$1.340M	-$110.0K	-$80.00K
YoY Change	119.67%	37.5%	-111.94%
INVESTING ACTIVITIES
Capital Expenditures	-$33.63M	-$370.0K	-$7.500M
YoY Change		-95.07%	142.72%
Acquisitions
YoY Change
Other Investing Activities	$140.0K	-$200.0K	-$630.0K
YoY Change	180.0%	-68.25%	530.0%
Cash From Investing Activities	-$33.49M	-$560.0K	-$8.130M
YoY Change	-67080.0%	-93.11%	154.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	9.040M	-2.350M	7.920M
YoY Change	-1013.13%	-129.67%	182.86%
NET CHANGE
Cash From Operating Activities	1.340M	-110.0K	-80.00K
Cash From Investing Activities	-33.49M	-560.0K	-8.130M
Cash From Financing Activities	9.040M	-2.350M	7.920M
Net Change In Cash	-23.11M	-3.020M	-290.0K
YoY Change	6903.03%	941.38%	-203.57%
FREE CASH FLOW
Cash From Operating Activities	$1.340M	-$110.0K	-$80.00K
Capital Expenditures	-$33.63M	-$370.0K	-$7.500M
Free Cash Flow	$34.97M	$260.0K	$7.420M
YoY Change	5632.79%	-96.5%	97.34%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2013Q3	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	29589165
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CY2013Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	32776
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CY2013Q3	land	Operating Leases Future Minimum Payments Due In Six Years OperatingLeasesFutureMinimumPaymentsDueInSixYears	2703066
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	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	0
	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2013-09-30
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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Reclassifications</b></p> <p style="MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Certain line items on the <i>Condensed Consolidated Balance Sheet</i> as of December 31, 2012, and the <i>Condensed Consolidated Statement of Operations</i> for the nine months ended September 30, 2012, have been reclassified to conform to the current-year presentation. These reclassifications had no effect on previously-reported stockholders’ equity or net income.</p> </div>
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	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	72031
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	65475
	us-gaap	Professional Fees ProfessionalFees	389303
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	413476
	us-gaap	Dividends Dividends	5224211
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0
	us-gaap	Management Fee Expense ManagementFeeExpense	103786
	land	Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Hundred Percent Of Amount Of Pre Incentive Fee Maximum Percentage PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserHundredPercentOfAmountOfPreIncentiveFeeMaximumPercentage	0.021875	pure
	land	Administration Fee AdministrationFee	135402
	land	Management Advisory Fee Allocated Overhead Expenses ManagementAdvisoryFeeAllocatedOverheadExpenses	7538
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	191433
	land	Business Acquisitions Pro Forma Income Tax Expense Benefit BusinessAcquisitionsProFormaIncomeTaxExpenseBenefit	195280
	land	Maximum Payroll And Benefits Reimbursed As Percentage Of Average Invested Assets MaximumPayrollAndBenefitsReimbursedAsPercentageOfAverageInvestedAssets	0.020	pure
	land	State Income Tax Related To Deferred Intercompany Stock Account Remittance Period StateIncomeTaxRelatedToDeferredIntercompanyStockAccountRemittancePeriod	P5Y
	land	Maximum Management Advisory Fee As Percentage Of Average Invested Assets MaximumManagementAdvisoryFeeAsPercentageOfAverageInvestedAssets	0.020	pure
	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20	pure
	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175	pure
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	14	Farm
	land	Credit To Incentive Fee CreditToIncentiveFee	41037
	land	Percentage Of Real Estate Properties Revenue Recognized PercentageOfRealEstatePropertiesRevenueRecognized	1.000	pure
	land	Business Acquisitions Pro Forma Operating Expenses BusinessAcquisitionsProFormaOperatingExpenses	1784688
	land	Overhead Expense Reimbursements Limitation Period OverheadExpenseReimbursementsLimitationPeriod	P1Y
	land	Management Advisory Fee Allocated Payroll And Benefits ManagementAdvisoryFeeAllocatedPayrollAndBenefits	38668
	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0363	pure
	land	Related Party Transaction Management Fee Paid RelatedPartyTransactionManagementFeePaid	103786
	land	Operating Leases Expiration Month Year OperatingLeasesExpirationMonthYear	2018-06
	land	Administration Fee Allocated Payroll And Benefits AdministrationFeeAllocatedPayrollAndBenefits	14034
	land	Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Twenty Percent Of Amount Of Pre Incentive Fee Minimum Percentage PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserTwentyPercentOfAmountOfPreIncentiveFeeMinimumPercentage	0.021875	pure
	land	Real Estate Properties Revenue Recognized RealEstatePropertiesRevenueRecognized	2860435
	land	Lease Term Additional LeaseTermAdditional	P5Y
	land	Business Acquisitions Pro Forma Net Income Loss Before Income Tax BusinessAcquisitionsProFormaNetIncomeLossBeforeIncomeTax	279573
	land	Properties Acquisition Purchase Price PropertiesAcquisitionPurchasePrice	98808
	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	135402
	land	Annual Base Management Fee In Percentage Of Stockholders Equity In Excess Of Recorded Value Of Preferred Stock AnnualBaseManagementFeeInPercentageOfStockholdersEquityInExcessOfRecordedValueOfPreferredStock	0.010	pure
	land	Number Of Lease Agreement NumberOfLeaseAgreement	10	Agreement
	land	Minimum Percentage Likelihood To Recognize Tax Benefit From Uncertain Tax Position MinimumPercentageLikelihoodToRecognizeTaxBenefitFromUncertainTaxPosition	0.50	pure
	land	Administration Fee Allocated Overhead Expenses AdministrationFeeAllocatedOverheadExpenses	4498
	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.020	pure
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000	pure
	land	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	0.01
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-52956
	land	Debt Instrument Minimum Annualized Rate DebtInstrumentMinimumAnnualizedRate	0.0325	pure
	land	Number Of Farms NumberOfFarms	14	Farm
	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.07	pure
	land	Maximum Overhead Expenses As Percentage Of Average Invested Assets MaximumOverheadExpensesAsPercentageOfAverageInvestedAssets	0.020	pure
	land	Area Of Real Estate Properties AreaOfRealEstateProperties	1959	acre
	land	Business Acquisitions Pro Forma Other Expense BusinessAcquisitionsProFormaOtherExpense	777585
	land	Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	6108165	shares
	land	Lessee Leasing Arrangement Lease Renewal Term LesseeLeasingArrangementLeaseRenewalTerm	P5Y
	land	Number Of Farms Acquired NumberOfFarmsAcquired	2	Farm
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	1837955
	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	1796918
	land	Initial Farmable Area Under Lease InitialFarmableAreaUnderLease	121	acre
	land	Additional Farmable Area Under Lease AdditionalFarmableAreaUnderLease	60	acre
	land	Related Party Transaction Prior Management Advisory Fee RelatedPartyTransactionPriorManagementAdvisoryFee	46206
	land	Related Party Transaction Amended Base Management Fee RelatedPartyTransactionAmendedBaseManagementFee	57580
	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	41037
	land	Related Party Transaction Credit From Voluntary Irrevocable RelatedPartyTransactionCreditFromVoluntaryIrrevocable	41037
	land	Related Party Transaction Net Incentive Fee RelatedPartyTransactionNetIncentiveFee
	land	Related Party Transaction Prior Administration Fee RelatedPartyTransactionPriorAdministrationFee	18532
	land	Related Party Transaction Amended Administration Fee RelatedPartyTransactionAmendedAdministrationFee	116870
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	3905000
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	136028
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	644575
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	4166
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1258
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	355962
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	917120
	land	Minimum Annualized Lease Rental Income For Year One MinimumAnnualizedLeaseRentalIncomeForYearOne	125400
	land	Maximum Cost Of Irrigation Equipment MaximumCostOfIrrigationEquipment	900000
	land	Payment For Deposits On Future Acquisitions PaymentForDepositsOnFutureAcquisitions	200000
	land	Number Of Installment Paid NumberOfInstallmentPaid	2	Installment
	land	Follow On Lease Period FollowOnLeasePeriod	P9Y
	land	Lease Period Assumed At Acquisition LeasePeriodAssumedAtAcquisition	P2Y
	land	Additional Debt To Finance Farms Acquisition AdditionalDebtToFinanceFarmsAcquisition	0
	land	Number Of Farms Acquired Not Covered Under Business Combination NumberOfFarmsAcquiredNotCoveredUnderBusinessCombination	2	Farm
	land	Accrued Additions To Real Estate AccruedAdditionsToRealEstate	179215
	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	30800
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.446	pure
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2750000	shares
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.004	pure
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	532286
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.13
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.102	pure
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P3Y2M12D
	us-gaap	Operating Income Loss OperatingIncomeLoss	1358668
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	363859
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	7499646
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	2712548
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-714093
	us-gaap	Net Income Loss NetIncomeLoss	357408
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	2473837
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	2473837
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	246744
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	39170
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6848852
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	8707000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-47022
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	306257
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-798057
	us-gaap	Interest Expense InterestExpense	719517
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	119523
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8179195
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-10565
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	3100000
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	306257
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	52217
	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	101743
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	29045
	land	Administration Fee AdministrationFee	125261
	land	Management Advisory Fee Allocated Overhead Expenses ManagementAdvisoryFeeAllocatedOverheadExpenses	31545
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	287167
	land	Business Acquisitions Pro Forma Income Tax Expense Benefit BusinessAcquisitionsProFormaIncomeTaxExpenseBenefit	292350
	us-gaap	Professional Fees ProfessionalFees	202644
	us-gaap	Management Fee Expense ManagementFeeExpense	220571
	land	Percentage Of Real Estate Properties Revenue Recognized PercentageOfRealEstatePropertiesRevenueRecognized	1.000	pure
	land	Business Acquisitions Pro Forma Operating Expenses BusinessAcquisitionsProFormaOperatingExpenses	1182885
	land	Management Advisory Fee Allocated Payroll And Benefits ManagementAdvisoryFeeAllocatedPayrollAndBenefits	189026
	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0367	pure
	land	Related Party Transaction Management Fee Paid RelatedPartyTransactionManagementFeePaid	220571
	land	Payments To Acquire Certificates Of Deposit PaymentsToAcquireCertificatesOfDeposit	679549
	land	Short Term Investments Income ShortTermInvestmentsIncome	0
	land	Administration Fee Allocated Payroll And Benefits AdministrationFeeAllocatedPayrollAndBenefits	100076
	land	Real Estate Properties Revenue Recognized RealEstatePropertiesRevenueRecognized	2473837
	land	Business Acquisitions Pro Forma Net Income Loss Before Income Tax BusinessAcquisitionsProFormaNetIncomeLossBeforeIncomeTax	656209
	land	Administration Fee Allocated Overhead Expenses AdministrationFeeAllocatedOverheadExpenses	25185
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000	pure
	land	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	0.13
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-16791
	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	125261
	land	Dividend Declared Or Paid DividendDeclaredOrPaid	0
	land	Number Of Farms NumberOfFarms	12	Farm
	land	Area Of Real Estate Properties AreaOfRealEstateProperties	1631	acre
	land	Business Acquisitions Pro Forma Other Expense BusinessAcquisitionsProFormaOtherExpense	873454
	land	Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	2750000	shares
	land	Number Of Farms Acquired NumberOfFarmsAcquired	4	Farm
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	1115169
	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	1115169
	land	Proceeds From Refund On Deposits ProceedsFromRefundOnDeposits	200000
	land	Related Party Transaction Prior Management Advisory Fee RelatedPartyTransactionPriorManagementAdvisoryFee	220571
	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	0
	land	Related Party Transaction Credit From Voluntary Irrevocable RelatedPartyTransactionCreditFromVoluntaryIrrevocable
	land	Related Party Transaction Net Incentive Fee RelatedPartyTransactionNetIncentiveFee
	land	Related Party Transaction Prior Administration Fee RelatedPartyTransactionPriorAdministrationFee	125261
	land	Payment For Deposits On Future Acquisitions PaymentForDepositsOnFutureAcquisitions	200000
	land	Number Of Farms Acquired Not Covered Under Business Combination NumberOfFarmsAcquiredNotCoveredUnderBusinessCombination	4	Farm
CY2013Q1	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.00	pure
CY2010Q2	land	State Income Tax Related To Deferred Intercompany Stock Account StateIncomeTaxRelatedToDeferredIntercompanyStockAccount	98000
CY2009Q2	land	State Income Tax Related To Deferred Intercompany Stock Account StateIncomeTaxRelatedToDeferredIntercompanyStockAccount	98000
CY2012	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	568675
CY2012	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-268356
CY2012	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	300319
CY2013Q1	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	41037
CY2012Q2	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2012-05-31
CY2012Q2	land	Write Off Of Unamortized Deferred Financing Costs Of Line Of Credit Facilities WriteOffOfUnamortizedDeferredFinancingCostsOfLineOfCreditFacilities	35511
CY2012Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2750000	shares
CY2012Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
CY2012Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	59682
CY2012Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	244
CY2013Q3	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	39562
CY2013Q3	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	647480
CY2013Q3	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	647480
CY2013Q3	land	Related Party Transaction Amended Base Management Fee RelatedPartyTransactionAmendedBaseManagementFee	19485
CY2013Q3	land	Administration Fee AdministrationFee	39562
CY2013Q3	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0363	pure
CY2013Q3	land	Related Party Transaction Management Fee Paid RelatedPartyTransactionManagementFeePaid	19485
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CY2012Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	103314
CY2012Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	404
CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	305619
CY2012Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-245937
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	40431
CY2012Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	848461
CY2012Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	848461
CY2012Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15759
CY2012Q3	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	64568
CY2012Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	15441
CY2012Q3	us-gaap	Professional Fees ProfessionalFees	40079
CY2012Q3	us-gaap	Management Fee Expense ManagementFeeExpense	132396
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	19251
CY2012Q3	land	Administration Fee AdministrationFee	66215
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CY2012Q3	land	Management Advisory Fee Allocated Payroll And Benefits ManagementAdvisoryFeeAllocatedPayrollAndBenefits	124208
CY2012Q3	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0368	pure
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CY2012Q3	land	Administration Fee Allocated Overhead Expenses AdministrationFeeAllocatedOverheadExpenses	10352
CY2012Q3	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	66215
CY2012Q3	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	542842
CY2012Q3	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	542842
CY2012Q3	land	Related Party Transaction Prior Management Advisory Fee RelatedPartyTransactionPriorManagementAdvisoryFee	132396
CY2012Q3	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	0
CY2012Q3	land	Related Party Transaction Credit From Voluntary Irrevocable RelatedPartyTransactionCreditFromVoluntaryIrrevocable
CY2012Q3	land	Related Party Transaction Net Incentive Fee RelatedPartyTransactionNetIncentiveFee
CY2012Q3	land	Related Party Transaction Prior Administration Fee RelatedPartyTransactionPriorAdministrationFee	66215
CY2013Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.36
CY2013Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6530264	shares
CY2013Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.00
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	90166
CY2013Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	17594
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	348616
CY2013Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	213
CY2013Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-258450
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	4760
CY2013Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	996096
CY2013Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	996096
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	192001
CY2013Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	171751
CY2013Q3	us-gaap	Interest Expense InterestExpense	276044
CY2013Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	59970
CY2013Q3	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	24564
CY2013Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	11218
CY2013Q3	us-gaap	Professional Fees ProfessionalFees	140147
CY2013Q3	us-gaap	Management Fee Expense ManagementFeeExpense	19485
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	85406
CY2013Q3	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	0
CY2013Q3	land	Related Party Transaction Credit From Voluntary Irrevocable RelatedPartyTransactionCreditFromVoluntaryIrrevocable
CY2013Q3	land	Related Party Transaction Net Incentive Fee RelatedPartyTransactionNetIncentiveFee
CY2013Q3	land	Related Party Transaction Amended Administration Fee RelatedPartyTransactionAmendedAdministrationFee	39562
CY2013Q3	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	30800

Files In Submission

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$LAND
GLADSTONE LAND Corp Stock $land

2013 Q4 Form 10-Q Financial Statement

#000119312513416038 Filed on October 29, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2013 Q4 Form 10-Q Financial Statement

#000119312513416038 Filed on October 29, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land