$LAND
Gladstone Land Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000149524017000010 Filed on May 09, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$5.996M	$5.750M	$3.683M
YoY Change	41.28%	56.12%	40.27%
Cost Of Revenue	$770.0K	$640.0K	$570.0K
YoY Change	42.59%	12.28%	14.0%
Gross Profit	$5.220M	$5.110M	$3.120M
YoY Change	41.08%	63.78%	47.17%
Gross Profit Margin	87.06%	88.87%	84.71%
Selling, General & Admin	$680.0K	$1.020M	$640.0K
YoY Change	-9.33%	59.38%	20.75%
% of Gross Profit	13.03%	19.96%	20.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.599M	$1.472M	$977.0K
YoY Change	19.78%	50.67%	23.42%
% of Gross Profit	30.63%	28.81%	31.31%
Operating Expenses	$3.090M	$2.500M	$2.282M
YoY Change	16.59%	9.53%	36.58%
Operating Profit	$2.906M	$2.604M	$1.400M
YoY Change	82.31%	86.0%	46.67%
Interest Expense	$2.193M	$2.157M	$1.255M
YoY Change	47.48%	71.87%	32.19%
% of Operating Profit	75.46%	82.83%	89.64%
Other Income/Expense, Net	-$2.651M	-$2.431M	-$1.160M
YoY Change	79.36%	109.57%	24.74%
Pretax Income	$260.0K	$170.0K	$240.0K
YoY Change	124.41%	-29.16%	876.61%
Income Tax
% Of Pretax Income
Net Earnings	$227.0K	$152.0K	$234.0K
YoY Change	110.19%	-35.04%	852.23%
Net Earnings / Revenue	3.79%	2.64%	6.35%
Basic Earnings Per Share
Diluted Earnings Per Share	$19.41K	$14.42K	$23.02K
COMMON SHARES
Basic Shares Outstanding	11.85M shares	10.02M shares	9.993M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.800M	$2.500M	$2.200M
YoY Change	33.33%	13.64%	0.0%
Cash & Equivalents	$2.766M	$2.473M	$2.193M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.800M	$2.500M	$2.200M
YoY Change	33.33%	13.64%	0.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$405.2M	$379.5M	$250.0M
YoY Change	50.86%	51.8%	51.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$200.0K	$200.0K	$100.0K
YoY Change	100.0%	100.0%	-92.31%
Total Long-Term Assets	$414.2M	$384.5M	$254.8M
YoY Change	51.68%	50.91%	49.95%
TOTAL ASSETS
Total Short-Term Assets	$2.800M	$2.500M	$2.200M
Total Long-Term Assets	$414.2M	$384.5M	$254.8M
Total Assets	$417.0M	$387.0M	$257.0M
YoY Change	51.54%	50.59%	49.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.700M	$2.600M	$4.700M
YoY Change	20.51%	-44.68%	95.83%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.500M	$3.600M	$5.300M
YoY Change	19.57%	-32.08%	112.0%
LONG-TERM LIABILITIES
Long-Term Debt	$299.8M	$268.5M	$159.7M
YoY Change	66.09%	68.13%	49.67%
Other Long-Term Liabilities	$7.300M	$9.000M	$8.400M
YoY Change	-6.41%	7.14%	121.05%
Total Long-Term Liabilities	$307.1M	$277.5M	$168.1M
YoY Change	63.09%	65.08%	52.13%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.500M	$3.600M	$5.300M
Total Long-Term Liabilities	$307.1M	$277.5M	$168.1M
Total Liabilities	$312.5M	$281.0M	$173.5M
YoY Change	61.98%	61.95%	53.66%
SHAREHOLDERS EQUITY
Retained Earnings	-$15.94M	-$14.62M	-$9.860M
YoY Change	45.06%	48.28%	59.18%
Common Stock	$109.0M	$109.0M	$87.50M
YoY Change	24.6%	24.59%	33.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$93.09M	$94.40M	$77.64M
YoY Change
Total Liabilities & Shareholders Equity	$417.0M	$387.0M	$257.0M
YoY Change	51.54%	50.59%	49.31%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$227.0K	$152.0K	$234.0K
YoY Change	110.19%	-35.04%	852.23%
Depreciation, Depletion And Amortization	$1.599M	$1.472M	$977.0K
YoY Change	19.78%	50.67%	23.42%
Cash From Operating Activities	$1.930M	$2.746M	$4.233M
YoY Change	-29.56%	-35.13%	1467.78%
INVESTING ACTIVITIES
Capital Expenditures	-$30.57M	-$54.00M	-$20.93M
YoY Change	43.32%	158.0%	3.26%
Acquisitions
YoY Change
Other Investing Activities	-$350.0K	-$220.0K	-$220.0K
YoY Change	133.33%	0.0%	-195.65%
Cash From Investing Activities	-$30.92M	-$54.22M	-$21.15M
YoY Change	43.95%	156.34%	5.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	29.29M	$51.50M	$16.58M
YoY Change	57.22%	210.7%	-14.24%
NET CHANGE
Cash From Operating Activities	1.930M	$2.746M	$4.233M
Cash From Investing Activities	-30.92M	-$54.22M	-$21.15M
Cash From Financing Activities	29.29M	$51.50M	$16.58M
Net Change In Cash	300.0K	$35.00K	-$340.0K
YoY Change	-372.73%	-110.29%	-20.93%
FREE CASH FLOW
Cash From Operating Activities	$1.930M	$2.746M	$4.233M
Capital Expenditures	-$30.57M	-$54.00M	-$20.93M
Free Cash Flow	$32.50M	$56.75M	$25.16M
YoY Change	35.02%	125.51%	22.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	11850624	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
CY2017Q1	dei	Trading Symbol TradingSymbol	LAND
CY2016Q1	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	3189000	USD
CY2017Q1	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	199000	USD
CY2016Q1	land	Administration Fee AdministrationFee	212000	USD
CY2017Q1	land	Administration Fee AdministrationFee	227000	USD
CY2016Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	202000	USD
CY2017Q1	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	227000	USD
CY2016Q1	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
CY2017Q1	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
CY2016Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-42000	USD
CY2017Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-50000	USD
CY2016Q1	land	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	0.01
CY2016Q1	land	Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	10738820	shares
CY2016Q1	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	36000	USD
CY2017Q1	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	171000	USD
CY2016Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0329
CY2017Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0325
CY2016Q4	land	Debt Issuance Costs Lineof Credit Arrangements Net DebtIssuanceCostsLineofCreditArrangementsNet	239000	USD
CY2017Q1	land	Debt Issuance Costs Lineof Credit Arrangements Net DebtIssuanceCostsLineofCreditArrangementsNet	225000	USD
CY2016Q4	land	Due To From Adviser DueToFromAdviser	555000	USD
CY2017Q1	land	Due To From Adviser DueToFromAdviser	753000	USD
CY2017Q1	land	Farmable Area Of Land FarmableAreaOfLand	43643	acre
CY2016Q4	land	Fee Due To Administrator FeeDueToAdministrator	196000	USD
CY2017Q1	land	Fee Due To Administrator FeeDueToAdministrator	227000	USD
CY2016Q1	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	27000	USD
CY2017Q1	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	22000	USD
CY2016Q4	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	169000	USD
CY2017Q1	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	350000	USD
CY2016Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	33969000	USD
CY2017Q1	land	Irrigation Equipment System IrrigationEquipmentSystem	35805000	USD
CY2016Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	384000	USD
CY2017Q1	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	394000	USD
CY2014Q2	land	Maximum Number Of Securities Can Be Sold Under Shelf Registration Statement MaximumNumberOfSecuritiesCanBeSoldUnderShelfRegistrationStatement	2	security
CY2016Q1	land	Number Of Farms Acquired NumberOfFarmsAcquired	3	farm
CY2017Q1	land	Number Of Farms Acquired NumberOfFarmsAcquired	0	farm
CY2016Q1	land	Number Of Real Estate Farms NumberOfRealEstateFarms	46	farm
CY2017Q1	land	Number Of Real Estate Farms NumberOfRealEstateFarms	59	farm
CY2017Q1	land	Numberof Executive Officers That Serve As Directors NumberofExecutiveOfficersThatServeAsDirectors	2	officer
CY2017Q1	land	Numberof Tenants Lease Properties NumberofTenantsLeaseProperties	40	tenant
CY2016Q1	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	2283000	USD
CY2017Q1	land	Operating Expenses Net Of Credit To Incentive Fee OperatingExpensesNetOfCreditToIncentiveFee	3146000	USD
CY2017Q1	land	Operating Partnership Units Eligible Redemption OperatingPartnershipUnitsEligibleRedemption	745879	USD
CY2016Q4	land	Other Due From Administrator OtherDueFromAdministrator	6000	USD
CY2017Q1	land	Other Due From Administrator OtherDueFromAdministrator	0	USD
CY2016Q4	land	Other Due To Advisor OtherDueToAdvisor	2000	USD
CY2017Q1	land	Other Due To Advisor OtherDueToAdvisor	9000	USD
CY2016Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2017Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2016Q1	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
CY2017Q1	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
CY2016Q1	land	Property Operating Expenses PropertyOperatingExpenses	213000	USD
CY2017Q1	land	Property Operating Expenses PropertyOperatingExpenses	248000	USD
CY2016Q1	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	6000	USD
CY2017Q1	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	0	USD
CY2016Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	17759000	USD
CY2017Q1	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	17771000	USD
CY2016Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	4993000	USD
CY2017Q1	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	5001000	USD
CY2016Q1	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	387000	USD
CY2017Q1	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	744000	USD
CY2017Q1	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	378857000	USD
CY2016	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	5343000	USD
CY2017Q1	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	1558000	USD
CY2016Q1	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	37000	USD
CY2017Q1	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	37000	USD
CY2016Q1	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	237698	shares
CY2017Q1	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	1449258	shares
CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	2801000	USD
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CY2016Q1	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P5Y1M6D
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	90082000	USD
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CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	34000	USD
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CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	139000	USD
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CY2016Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	7000	USD
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CY2016Q4	us-gaap	Common Stock Value CommonStockValue	10000	USD
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CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	333985000	USD
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CY2016Q4	us-gaap	Long Term Debt LongTermDebt	207347000	USD
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CY2016Q1	us-gaap	Management Fee Expense ManagementFeeExpense	387000	USD
CY2017Q1	us-gaap	Management Fee Expense ManagementFeeExpense	394000	USD
CY2017Q1	us-gaap	Mandatorily Redeemable Preferred Stock Fair Value Disclosure MandatorilyRedeemablePreferredStockFairValueDisclosure	29700000	USD
CY2016	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2016Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	11087000	USD
CY2017Q1	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	11545000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16577000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	51504000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-21150000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-54215000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4233000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2746000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	234000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	152000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1160000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2431000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1400000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2604000	USD
CY2016Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	3680000	USD
CY2017Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	5748000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	2997000	USD
CY2017Q1	us-gaap	Other Assets OtherAssets	2913000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	7654000	USD
CY2017Q1	us-gaap	Other Liabilities OtherLiabilities	8974000	USD
CY2016Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	95000	USD
CY2017Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	184000	USD
CY2016Q1	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	217000	USD
CY2017Q1	us-gaap	Payments For Deposits On Real Estate Acquisitions PaymentsForDepositsOnRealEstateAcquisitions	215000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1199000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1372000	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	23000	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	274000	USD
CY2016Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	215000	USD
CY2017Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1054000	USD
CY2016Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	19067000	USD
CY2017Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	53532000	USD
CY2016Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	1866000	USD
CY2017Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	468000	USD
CY2017Q1	us-gaap	Preferred Stock Redemption Price Per Share PreferredStockRedemptionPricePerShare	25.81
CY2017Q1	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	28800000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	15531000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	32400000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	20722000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	2700000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	3500000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	240000	USD
CY2016	us-gaap	Profit Loss ProfitLoss	473000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	173000	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-13000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2017Q1	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	242428000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	11066000	USD
CY2017Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	12400000	USD
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	337377000	USD
CY2017Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	391899000	USD
CY2016Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	326311000	USD
CY2017Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	379499000	USD
CY2016Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	3683000	USD
CY2017Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	5750000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Preferred Carrying Amount RedeemableNoncontrollingInterestEquityPreferredCarryingAmount	27655000	USD
CY2017Q1	us-gaap	Redeemable Noncontrolling Interest Equity Preferred Carrying Amount RedeemableNoncontrollingInterestEquityPreferredCarryingAmount	27714000	USD
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	187000	USD
CY2017Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	2231000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13402000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14621000	USD
CY2016Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	190797000	USD
CY2017Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	220720000	USD
CY2016	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	14290000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	1000	USD
CY2016	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	350000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	19555000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	76690000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	94403000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	78007000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	87777000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	105948000	USD
CY2016Q4	us-gaap	Temporary Equity Liquidation Preference Per Share TemporaryEquityLiquidationPreferencePerShare	25
CY2017Q1	us-gaap	Temporary Equity Liquidation Preference Per Share TemporaryEquityLiquidationPreferencePerShare	25
CY2016Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	2000000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	2000000	shares
CY2016Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	1150000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	1150000	shares
CY2016Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	1150000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	1150000	shares
CY2016Q4	us-gaap	Tenant Improvements TenantImprovements	1800000	USD
CY2017Q1	us-gaap	Tenant Improvements TenantImprovements	1800000	USD
CY2016Q1	us-gaap	Tenant Reimbursements TenantReimbursements	3000	USD
CY2017Q1	us-gaap	Tenant Reimbursements TenantReimbursements	2000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	9993000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	9992941	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	10395736	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	10396000	shares
CY2017Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain line items on the accompanying Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Cash Flows for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, have been reclassified to conform to the current period’s presentation. These reclassifications had no impact on previously-reported stockholders’ equity, net income or net change in cash and cash equivalents.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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 as of 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.</font></div></div>

Files In Submission

Name	View Source	Status
0001495240-17-000010-index-headers.html	Edgar Link	pending
0001495240-17-000010-index.html	Edgar Link	pending
0001495240-17-000010.txt	Edgar Link	pending
0001495240-17-000010-xbrl.zip	Edgar Link	pending
ex311_033117.htm	Edgar Link	pending
ex312_033117.htm	Edgar Link	pending
ex321_033117.htm	Edgar Link	pending
ex322_033117.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
land-20170331.xml	Edgar Link	completed
land-20170331.xsd	Edgar Link	pending
land-20170331_cal.xml	Edgar Link	unprocessable
land-20170331_def.xml	Edgar Link	unprocessable
land-20170331_lab.xml	Edgar Link	unprocessable
land-20170331_pre.xml	Edgar Link	unprocessable
land_033117x10qdocument.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
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

2017 Q2 Form 10-Q Financial Statement

#000149524017000010 Filed on May 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND Gladstone Land Corp Stock $land

2017 Q2 Form 10-Q Financial Statement

#000149524017000010 Filed on May 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
Gladstone Land Corp Stock $land