$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000119312514182482 Filed on May 05, 2014

Income Statement

Concept	2014 Q2	2014 Q1	2013 Q1
Revenue	$1.566M	$1.496M	$914.6K
YoY Change	64.88%	63.53%	12.43%
Cost Of Revenue	$1.208M	$1.100M	$538.1K
YoY Change	97.68%	104.51%	69.53%
Gross Profit	$357.5K	$395.2K	$376.5K
YoY Change	5.63%	4.97%	-24.11%
Gross Profit Margin	22.83%	26.42%	41.16%
Selling, General & Admin	$380.0K	$460.0K	$280.0K
YoY Change	-9.52%	64.29%	75.0%
% of Gross Profit	106.3%	116.4%	74.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$330.5K	$288.0K	$160.0K
YoY Change	86.38%	79.98%	60.04%
% of Gross Profit	92.45%	72.89%	42.51%
Operating Expenses	$1.208M	$1.100M	$538.1K
YoY Change	115.8%	104.51%	99.3%
Operating Profit	$357.5K	$395.2K	$376.5K
YoY Change	5.63%	4.97%	66.53%
Interest Expense	$405.8K	$374.0K	$280.4K
YoY Change	47.0%	33.4%	-227.45%
% of Operating Profit	113.52%	94.65%	74.48%
Other Income/Expense, Net	-$651.9K	-$367.6K	-$269.8K
YoY Change	149.57%	36.28%	25.67%
Pretax Income	-$294.5K	$27.54K	$106.7K
YoY Change	-481.47%	-74.19%	-62.08%
Income Tax	$6.623K	$6.623K	$59.19K
% Of Pretax Income		24.05%	55.47%
Net Earnings	-$301.1K	$20.92K	$47.52K
YoY Change	-1091.88%	-55.98%	-74.67%
Net Earnings / Revenue	-19.23%	1.4%	5.2%
Basic Earnings Per Share
Diluted Earnings Per Share	-$44.78K	$3.063K	$9.524K
COMMON SHARES
Basic Shares Outstanding	6.530M shares	6.530M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q2	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.800M	$13.50M	$29.10M
YoY Change	-91.04%	-53.61%
Cash & Equivalents	$3.830M	$13.55M	$29.07M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$3.800M	$13.50M	$29.10M
YoY Change	-91.04%	-53.61%
LONG-TERM ASSETS
Property, Plant & Equipment	$86.80M	$75.70M	$37.00M
YoY Change	109.16%	104.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$700.0K	$700.0K	$20.70M
YoY Change	0.0%	-96.62%
Other Assets	$1.000M	$700.0K	$300.0K
YoY Change	233.33%	133.33%
Total Long-Term Assets	$89.97M	$78.12M	$60.90M
YoY Change	96.42%	28.28%
TOTAL ASSETS
Total Short-Term Assets	$3.800M	$13.50M	$29.10M
Total Long-Term Assets	$89.97M	$78.12M	$60.90M
Total Assets	$93.77M	$91.62M	$90.00M
YoY Change	6.31%	1.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$700.0K	$1.000M	$700.0K
YoY Change	16.67%	42.86%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$100.0K
YoY Change	-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.000M	$1.300M	$1.300M
YoY Change	-23.08%	0.0%
LONG-TERM LIABILITIES
Long-Term Debt	$44.30M	$41.40M	$29.50M
YoY Change	50.17%	40.34%
Other Long-Term Liabilities	$1.400M	$900.0K
YoY Change
Total Long-Term Liabilities	$45.70M	$42.30M	$29.50M
YoY Change	54.92%	43.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.000M	$1.300M	$1.300M
Total Long-Term Liabilities	$45.70M	$42.30M	$29.50M
Total Liabilities	$46.71M	$43.68M	$31.00M
YoY Change	48.14%	40.9%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.276M	-$3.388M
YoY Change	-180.1%
Common Stock	$6.530K	$6.530K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$47.06M	$47.95M	$59.00M
YoY Change
Total Liabilities & Shareholders Equity	$93.77M	$91.62M	$90.00M
YoY Change	6.31%	1.8%

Cashflow Statement

Concept	2014 Q2	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	-$301.1K	$20.92K	$47.52K
YoY Change	-1091.88%	-55.98%	-74.67%
Depreciation, Depletion And Amortization	$330.5K	$288.0K	$160.0K
YoY Change	86.38%	79.98%	60.04%
Cash From Operating Activities	$350.0K	$393.8K	-$2.562M
YoY Change	-59.77%	-115.37%	8438.56%
INVESTING ACTIVITIES
Capital Expenditures	-$11.88M	-$500.0K
YoY Change	153.85%
Acquisitions
YoY Change
Other Investing Activities	-$150.0K	$0.00	-$20.05M
YoY Change	-100.75%	-100.0%
Cash From Investing Activities	-$12.03M	-$504.0K	-$20.05M
YoY Change	-178.27%	-97.49%
FINANCING ACTIVITIES
Cash Dividend Paid		$587.7K	$522.4K
YoY Change		12.5%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.970M	-2.615M	50.81M
YoY Change	-167.7%	-105.15%	-5505.29%
NET CHANGE
Cash From Operating Activities	350.0K	393.8K	-2.562M
Cash From Investing Activities	-12.03M	-504.0K	-20.05M
Cash From Financing Activities	1.970M	-2.615M	50.81M
Net Change In Cash	-9.710M	-2.725M	28.20M
YoY Change	-172.84%	-109.66%	-3007.36%
FREE CASH FLOW
Cash From Operating Activities	$350.0K	$393.8K	-$2.562M
Capital Expenditures	-$11.88M	-$500.0K
Free Cash Flow	$12.23M	$893.8K
YoY Change	120.36%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	land	Expended Cost Of Well And Irrigation Equipment ExpendedCostOfWellAndIrrigationEquipment	616071
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6530264	shares
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	29074835
CY2013Q1	land	Income Tax Prepayment On Deferred Intercompany Gains IncomeTaxPrepaymentOnDeferredIntercompanyGains	2100000
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6530264	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6530264	shares
CY2014Q1	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	181	acre
CY2014Q1	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	6000	acre
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	5362569
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q1	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	9600000
CY2014Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	3426433
CY2014Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	51326262
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	42445420
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	4474612
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	4935315
CY2014Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	41331998
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	12053723
CY2014Q1	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	41431998
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	47945186
CY2014Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1035079
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	4928252
CY2014Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	309871
CY2014Q1	us-gaap	Line Of Credit LineOfCredit	100000
CY2014Q1	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	72123
CY2014Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	4700000
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-3387606
CY2014Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	354877
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	6530
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	91623638
CY2014Q1	us-gaap	Other Liabilities OtherLiabilities	901504
CY2014Q1	us-gaap	Long Term Debt LongTermDebt	41431998
CY2014Q1	us-gaap	Liabilities Liabilities	43678452
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	5265339
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	5425610
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	22150
CY2014Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	75694891
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	100920
CY2014Q1	us-gaap	Deferred Offering Costs DeferredOfferingCosts	122968
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	7150
CY2014Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	781
CY2014Q1	us-gaap	Assets Assets	91623638
CY2014Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	79121324
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13546471
CY2014Q1	us-gaap	Land And Land Improvements LandAndLandImprovements	63993859
CY2014Q1	us-gaap	Short Term Investments ShortTermInvestments	680611
CY2014Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	2193604
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	34948
CY2014Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	284570
CY2014Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	557522
CY2014Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	639447
CY2014Q1	us-gaap	Other Assets OtherAssets	735824
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	23869
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	10110
CY2014Q1	us-gaap	Deferred Tax Assets State Taxes DeferredTaxAssetsStateTaxes	100000
CY2014Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	85423
CY2014Q1	land	Fee Due To Administrator FeeDueToAdministrator	66777
CY2014Q1	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	240964
CY2014Q1	land	Cooler Cooler	5388051
CY2014Q1	land	Other Due To Advisor OtherDueToAdvisor	2130
CY2014Q1	land	Long Term Debt Remaining Availability LongTermDebtRemainingAvailability	4685000
CY2014Q1	land	Farmable Area Of Land FarmableAreaOfLand	4920	acre
CY2014Q1	land	Deferred Intercompany Gain From Land Transfer DeferredIntercompanyGainFromLandTransfer	4000000
CY2014Q1	land	Estimated Additional Cost Of Well And Irrigation Equipment EstimatedAdditionalCostOfWellAndIrrigationEquipment	83000
CY2014Q1	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	66158
CY2014Q1	land	Other Due To Administrator OtherDueToAdministrator	619
CY2014Q1	land	Due To Adviser DueToAdviser	243094
CY2014Q1	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	1038974
CY2014Q1	land	Irrigation Equipment System IrrigationEquipmentSystem	6506836
CY2014Q1	land	Number Of Expiring Leases NumberOfExpiringLeases	15	Lease
CY2014Q1	land	Percentage Of Aggregate Acreage PercentageOfAggregateAcreage	1.000	pure
CY2014Q1	land	Percentage Of Aggregate Rental Revenue PercentageOfAggregateRentalRevenue	1.000	pure
CY2014Q1	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	75979461
CY2012Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	98808
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	873474
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6530264	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6530264	shares
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	3166870
CY2013Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	51326262
CY2013Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	43054165
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	48511992
CY2013Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1097270
CY2013Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	160719
CY2013Q4	us-gaap	Line Of Credit LineOfCredit	100000
CY2013Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	64148
CY2013Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	4700000
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2820800
CY2013Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	326409
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	6530
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	93673464
CY2013Q4	us-gaap	Other Liabilities OtherLiabilities	749318
CY2013Q4	us-gaap	Long Term Debt LongTermDebt	43154165
CY2013Q4	us-gaap	Liabilities Liabilities	45161472
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2013Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	161547
CY2013Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	75311183
CY2013Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	41
CY2013Q4	us-gaap	Assets Assets	93673464
CY2013Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	78478053
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16271282
CY2013Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	63944307
CY2013Q4	us-gaap	Short Term Investments ShortTermInvestments	680443
CY2013Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	2193255
CY2013Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	311064
CY2013Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	309933
CY2013Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	637473
CY2013Q4	us-gaap	Other Assets OtherAssets	789518
CY2013Q4	land	Fee Due To Administrator FeeDueToAdministrator	59062
CY2013Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	91823
CY2013Q4	land	Cooler Cooler	5293796
CY2013Q4	land	Other Due To Advisor OtherDueToAdvisor	9834
CY2013Q4	land	Long Term Debt Remaining Availability LongTermDebtRemainingAvailability	4685000
CY2013Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	59062
CY2013Q4	land	Due To Adviser DueToAdviser	101657
CY2013Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	1038850
CY2013Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	6007845
CY2013Q4	land	Deferred Tax Asset Amount Reversed Into Income Tax Provision DeferredTaxAssetAmountReversedIntoIncomeTaxProvision	2100000
	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	30800
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
CY2013	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	40438
CY2013Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.555	pure
CY2013Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5249898	shares
CY2013Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.001	pure
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2561568
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
CY2013Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.214	pure
CY2013Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.08
CY2013Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	12230
CY2013Q1	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	19996767
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	106705
CY2013Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	10627
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2425907
CY2013Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1228715
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	376478
CY2013Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	29061
CY2013Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	522421
CY2013Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	914583
CY2013Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	1787
CY2013Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	4130898
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-269773
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	47516
CY2013Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	914583
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-425439
CY2013Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	56703960
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	118778
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	50809696
CY2013Q1	us-gaap	Incentive Fee Expense IncentiveFeeExpense	41037
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	28201361
CY2013Q1	us-gaap	Interest Expense InterestExpense	280400
CY2013Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	16871
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-20046767
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	103883
CY2013Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	160036
CY2013Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7404
CY2013Q1	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	18495
CY2013Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	24981
CY2013Q1	us-gaap	Professional Fees ProfessionalFees	85392
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	538105
CY2013Q1	us-gaap	Management Fee Expense ManagementFeeExpense	59164
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	59189
CY2013Q1	land	Administration Fee AdministrationFee	38332
CY2013Q1	land	Management Advisory Fee Allocated Overhead Expenses ManagementAdvisoryFeeAllocatedOverheadExpenses	7538
CY2013Q1	land	Management Advisory Fee Allocated Payroll And Benefits ManagementAdvisoryFeeAllocatedPayrollAndBenefits	38668
CY2013Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.036	pure
CY2013Q1	land	Related Party Transaction Management Fee Paid RelatedPartyTransactionManagementFeePaid	59164
CY2013Q1	land	Administration Fee Allocated Payroll And Benefits AdministrationFeeAllocatedPayrollAndBenefits	14034
CY2013Q1	land	Real Estate Properties Revenue Recognized RealEstatePropertiesRevenueRecognized	914583
CY2013Q1	land	Administration Fee Allocated Overhead Expenses AdministrationFeeAllocatedOverheadExpenses	4498
CY2013Q1	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1.000	pure
CY2013Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000	pure
CY2013Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-29061
CY2013Q1	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	38332
CY2013Q1	land	Number Of Farms NumberOfFarms	12	Farm
CY2013Q1	land	Area Of Real Estate Properties AreaOfRealEstateProperties	1630	acre
CY2013Q1	land	Related Party Transaction Prior Management Advisory Fee RelatedPartyTransactionPriorManagementAdvisoryFee	46206
CY2013Q1	land	Related Party Transaction Amended Base Management Fee RelatedPartyTransactionAmendedBaseManagementFee	12958
CY2013Q1	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	41037
CY2013Q1	land	Related Party Transaction Net Incentive Fee RelatedPartyTransactionNetIncentiveFee	41037
CY2013Q1	land	Related Party Transaction Prior Administration Fee RelatedPartyTransactionPriorAdministrationFee	18532
CY2013Q1	land	Related Party Transaction Amended Administration Fee RelatedPartyTransactionAmendedAdministrationFee	19800
CY2013Q1	land	Payment For Deposits On Future Acquisitions PaymentForDepositsOnFutureAcquisitions	50000
CY2013Q1	land	Offering Costs Included In Accounts Payable And Accrued Liabilities OfferingCostsIncludedInAccountsPayableAndAccruedLiabilities	237021
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.000	pure
CY2014Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.240	pure
CY2014Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	6530264	shares
CY2014Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.240	pure
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	393759
CY2014Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.00
CY2014Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.000	pure
CY2014Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09
CY2014Q1	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.</p> </div>
CY2014Q1	us-gaap	Debt Instrument Interest Rate Terms DebtInstrumentInterestRateTerms	three-month LIBOR plus 3.00%
CY2014Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	220500
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27541
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-504039
CY2014Q1	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	56700000
CY2014Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	172080
CY2014Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	749
CY2014Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	5648
CY2014Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-53526
CY2014Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1722167
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	395184
CY2014Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	168
CY2014Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	84140
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-367643
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	20918
CY2014Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	1495636
CY2014Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	503299
CY2014Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	740
CY2014Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	19984
CY2014Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	587724
CY2014Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	1495636
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-128877
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	217315
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2614531
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2724811
CY2014Q1	us-gaap	Interest Expense InterestExpense	374040
CY2014Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	43412
CY2014Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	288031
CY2014Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	447000
CY2014Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	7975
CY2014Q1	us-gaap	Cost Of Other Property Operating Expense CostOfOtherPropertyOperatingExpense	65585
CY2014Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	28468
CY2014Q1	us-gaap	Professional Fees ProfessionalFees	178987
CY2014Q1	us-gaap	Dividends Dividends	587724
CY2014Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	1100452
CY2014Q1	us-gaap	Management Fee Expense ManagementFeeExpense	240964
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6623
CY2014Q1	land	Maximum Payroll And Benefits Reimbursed As Percentage Of Average Invested Assets MaximumPayrollAndBenefitsReimbursedAsPercentageOfAverageInvestedAssets	0.020	pure
CY2014Q1	land	State Income Tax Related To Deferred Intercompany Stock Account Remittance Period StateIncomeTaxRelatedToDeferredIntercompanyStockAccountRemittancePeriod	P5Y
CY2014Q1	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
CY2014Q1	land	Administration Fee AdministrationFee	66158
CY2014Q1	land	Maximum Management Advisory Fee As Percentage Of Average Invested Assets MaximumManagementAdvisoryFeeAsPercentageOfAverageInvestedAssets	0.020	pure
CY2014Q1	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20	pure
CY2014Q1	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175	pure
CY2014Q1	land	Number Of Real Estate Farms NumberOfRealEstateFarms	21	Farm
CY2014Q1	land	Overhead Expense Reimbursements Limitation Period OverheadExpenseReimbursementsLimitationPeriod	P1Y
CY2014Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.035	pure
CY2014Q1	land	Related Party Transaction Management Fee Paid RelatedPartyTransactionManagementFeePaid	240964
CY2014Q1	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.00	pure
CY2014Q1	land	Maximum Annual Percentage Of Adjusted Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfAdjustedStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875	pure
CY2014Q1	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
CY2014Q1	land	Real Estate Properties Revenue Recognized RealEstatePropertiesRevenueRecognized	1495636
CY2014Q1	land	Annual Base Management Fee In Percentage Of Stockholders Equity In Excess Of Recorded Value Of Preferred Stock AnnualBaseManagementFeeInPercentageOfStockholdersEquityInExcessOfRecordedValueOfPreferredStock	0.010	pure
CY2014Q1	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1.000	pure
CY2014Q1	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.020	pure
CY2014Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000	pure
CY2014Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-19894
CY2014Q1	land	Debt Instrument Minimum Annualized Rate DebtInstrumentMinimumAnnualizedRate	0.0325	pure
CY2014Q1	land	Related Party Transaction Administration Fee RelatedPartyTransactionAdministrationFee	66158
CY2014Q1	land	Number Of Farms NumberOfFarms	21	Farm
CY2014Q1	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpenses	141946
CY2014Q1	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.07	pure
CY2014Q1	land	Maximum Overhead Expenses As Percentage Of Average Invested Assets MaximumOverheadExpensesAsPercentageOfAverageInvestedAssets	0.020	pure
CY2014Q1	land	Area Of Real Estate Properties AreaOfRealEstateProperties	6000	acre
CY2014Q1	land	Proceeds From Refund On Deposits ProceedsFromRefundOnDeposits	50000
CY2014Q1	land	Initial Farmable Area Under Lease InitialFarmableAreaUnderLease	121	acre
CY2014Q1	land	Additional Farmable Area Under Lease AdditionalFarmableAreaUnderLease	60	acre
CY2014Q1	land	Related Party Transaction Amended Base Management Fee RelatedPartyTransactionAmendedBaseManagementFee	240964
CY2014Q1	land	Related Party Transaction Incentive Fee RelatedPartyTransactionIncentiveFee	0
CY2014Q1	land	Related Party Transaction Amended Administration Fee RelatedPartyTransactionAmendedAdministrationFee	66158
CY2014Q1	land	Payment For Deposits On Future Acquisitions PaymentForDepositsOnFutureAcquisitions	50000
CY2014Q1	land	Number Of Installment Paid NumberOfInstallmentPaid	2	Installment
CY2014Q1	land	Offering Costs Included In Accounts Payable And Accrued Liabilities OfferingCostsIncludedInAccountsPayableAndAccruedLiabilities	38828
CY2014Q1	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	35064
CY2013Q3	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	30800
CY2013Q4	land	Decrease In Net Income Due To Out Of Period Adjustment DecreaseInNetIncomeDueToOutOfPeriodAdjustment	9638

Files In Submission

Name	View Source	Status
0001193125-14-182482-index-headers.html	Edgar Link	pending
0001193125-14-182482-index.html	Edgar Link	pending
0001193125-14-182482.txt	Edgar Link	pending
0001193125-14-182482-xbrl.zip	Edgar Link	pending
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d702273dex311.htm	Edgar Link	pending
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d702273dex321.htm	Edgar Link	pending
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Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
g702273g33c92.jpg	Edgar Link	pending
g702273g36d59.jpg	Edgar Link	pending
g702273g48z90.jpg	Edgar Link	pending
land-20140331.xml	Edgar Link	completed
land-20140331.xsd	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LAND
GLADSTONE LAND Corp Stock $land

2014 Q2 Form 10-Q Financial Statement

#000119312514182482 Filed on May 05, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2014 Q2 Form 10-Q Financial Statement

#000119312514182482 Filed on May 05, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land