$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2018 Q3 Form 10-Q Financial Statement

#000149524018000015 Filed on August 08, 2018

Income Statement

Concept	2018 Q3	2018 Q2	2017 Q2
Revenue	$8.017M	$11.39M	$5.996M
YoY Change	22.14%	90.03%	41.28%
Cost Of Revenue	$1.310M	$5.140M	$770.0K
YoY Change	67.95%	567.53%	42.59%
Gross Profit	$6.710M	$6.254M	$5.220M
YoY Change	16.09%	19.81%	41.08%
Gross Profit Margin	83.7%	54.89%	87.06%
Selling, General & Admin	$1.610M	$640.0K	$680.0K
YoY Change	89.41%	-5.88%	-9.33%
% of Gross Profit	23.99%	10.23%	13.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.374M	$2.242M	$1.599M
YoY Change	15.75%	40.21%	19.78%
% of Gross Profit	35.38%	35.85%	30.63%
Operating Expenses	$4.672M	$8.922M	$3.090M
YoY Change	28.18%	188.74%	16.59%
Operating Profit	$3.345M	$2.472M	$2.906M
YoY Change	14.59%	-14.93%	82.31%
Interest Expense	$3.082M	$2.815M	$2.193M
YoY Change	17.01%	28.36%	47.48%
% of Operating Profit	92.14%	113.88%	75.46%
Other Income/Expense, Net	$2.675M	-$4.324M	-$2.651M
YoY Change	-184.49%	63.11%	79.36%
Pretax Income	$6.020M	-$1.850M	$260.0K
YoY Change	-2508.0%	-811.54%	124.41%
Income Tax
% Of Pretax Income
Net Earnings	$5.683M	-$1.742M	$227.0K
YoY Change	-2671.49%	-867.4%	110.19%
Net Earnings / Revenue	70.89%	-15.29%	3.79%
Basic Earnings Per Share
Diluted Earnings Per Share	$353.7K	-$112.2K	$19.41K
COMMON SHARES
Basic Shares Outstanding	16.07M shares	15.38M shares	11.85M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q3	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.900M	$2.600M	$2.800M
YoY Change	-23.68%	-7.14%	33.33%
Cash & Equivalents	$2.929M	$2.583M	$2.766M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$0.00	$0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.900M	$2.600M	$2.800M
YoY Change	-23.68%	-7.14%	33.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$497.1M	$463.3M	$405.2M
YoY Change	11.86%	14.34%	50.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets			$200.0K
YoY Change			100.0%
Total Long-Term Assets	$507.0M	$472.6M	$414.2M
YoY Change	11.98%	14.1%	51.68%
TOTAL ASSETS
Total Short-Term Assets	$2.900M	$2.600M	$2.800M
Total Long-Term Assets	$507.0M	$472.6M	$414.2M
Total Assets	$509.9M	$475.2M	$417.0M
YoY Change	11.68%	13.95%	51.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.400M	$10.00M	$4.700M
YoY Change	45.45%	112.77%	20.51%
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	$7.400M	$10.80M	$5.500M
YoY Change	37.04%	96.36%	19.57%
LONG-TERM LIABILITIES
Long-Term Debt	$344.3M	$321.4M	$299.8M
YoY Change	6.53%	7.2%	66.09%
Other Long-Term Liabilities	$11.00M	$7.900M	$7.300M
YoY Change	22.22%	8.22%	-6.41%
Total Long-Term Liabilities	$355.3M	$329.3M	$307.1M
YoY Change	6.95%	7.23%	63.09%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.400M	$10.80M	$5.500M
Total Long-Term Liabilities	$355.3M	$329.3M	$307.1M
Total Liabilities	$362.7M	$340.1M	$312.5M
YoY Change	7.44%	8.8%	61.98%
SHAREHOLDERS EQUITY
Retained Earnings			-$15.94M
YoY Change			45.06%
Common Stock	$164.0M	$155.1M	$109.0M
YoY Change	29.24%	42.27%	24.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$141.7M	$129.4M	$93.09M
YoY Change
Total Liabilities & Shareholders Equity	$509.9M	$475.2M	$417.0M
YoY Change	11.68%	13.95%	51.54%

Cashflow Statement

Concept	2018 Q3	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$5.683M	-$1.742M	$227.0K
YoY Change	-2671.49%	-867.4%	110.19%
Depreciation, Depletion And Amortization	$2.374M	$2.242M	$1.599M
YoY Change	15.75%	40.21%	19.78%
Cash From Operating Activities	$3.560M	$1.730M	$1.930M
YoY Change	19.06%	-10.36%	-29.56%
INVESTING ACTIVITIES
Capital Expenditures	-$32.23M	-$6.880M	-$30.57M
YoY Change	-19.12%	-77.49%	43.32%
Acquisitions
YoY Change
Other Investing Activities	$200.0K	-$370.0K	-$350.0K
YoY Change	-166.67%	5.71%	133.33%
Cash From Investing Activities	-$32.03M	-$7.250M	-$30.92M
YoY Change	-20.22%	-76.55%	43.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	28.82M	5.420M	29.29M
YoY Change	-24.46%	-81.5%	57.22%
NET CHANGE
Cash From Operating Activities	3.560M	1.730M	1.930M
Cash From Investing Activities	-32.03M	-7.250M	-30.92M
Cash From Financing Activities	28.82M	5.420M	29.29M
Net Change In Cash	350.0K	-100.0K	300.0K
YoY Change	-64.65%	-133.33%	-372.73%
FREE CASH FLOW
Cash From Operating Activities	$3.560M	$1.730M	$1.930M
Capital Expenditures	-$32.23M	-$6.880M	-$30.57M
Free Cash Flow	$35.79M	$8.610M	$32.50M
YoY Change	-16.46%	-73.51%	35.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	land	Administration Fee AdministrationFee	445000	USD
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	6237000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	379000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	1624000	USD
	us-gaap	Other General Expense OtherGeneralExpense	0	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	2733000	USD
	dei	Amendment Flag AmendmentFlag	false
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	4120000	USD
CY2017Q2	land	Administration Fee AdministrationFee	219000	USD
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2018Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16070616	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
	dei	Trading Symbol TradingSymbol	LAND
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	647000	USD
CY2018Q2	land	Administration Fee AdministrationFee	275000	USD
	land	Administration Fee AdministrationFee	549000	USD
CY2017Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	258000	USD
CY2018Q2	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	275000	USD
CY2018Q1	land	Aggregate Minimum Rents AggregateMinimumRents	480000	USD
CY2017Q4	land	Agricultural Related Inventory Overhead Costs AgriculturalRelatedInventoryOverheadCosts	193000	USD
CY2017Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	4000	USD
CY2018Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	4000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-115000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-180000	USD
CY2017Q1	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1
CY2017Q2	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.00
CY2017Q1	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20
CY2017Q2	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20
CY2017Q1	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.07
CY2017Q2	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.070
	land	Annualized Straight Line Rent Escalations AnnualizedStraightLineRentEscalations	4721000	USD
CY2018Q2	land	Capital Leases Future Minimum Payments Duein Six Years CapitalLeasesFutureMinimumPaymentsDueinSixYears	30000	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	140000	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	194000	USD
CY2018Q1	land	Cost Of Capitalized And Expensed Repairs And Maintenance CostOfCapitalizedAndExpensedRepairsAndMaintenance	81000	USD
CY2017Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	0	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	0	USD
CY2018Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	174000	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	174000	USD
CY2017Q4	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	0	USD
CY2018Q2	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	174000	USD
CY2017Q2	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0328
	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0327
CY2018Q2	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0360
	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0356
CY2017Q4	land	Due To From Adviser DueToFromAdviser	682000	USD
CY2018Q2	land	Due To From Adviser DueToFromAdviser	532000	USD
CY2018Q2	land	Farmable Area Of Land FarmableAreaOfLand	51135	acre
CY2017Q4	land	Fee Due To Administrator FeeDueToAdministrator	258000	USD
CY2018Q2	land	Fee Due To Administrator FeeDueToAdministrator	275000	USD
CY2018Q2	land	Finance Lease Cost FinanceLeaseCost	12000	USD
	land	Finance Lease Cost FinanceLeaseCost	24000	USD
CY2017Q4	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Liquidation Preference Per Share FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsLiquidationPreferencePerShare	25
CY2018Q2	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Liquidation Preference Per Share FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsLiquidationPreferencePerShare	25
CY2017Q4	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Paror Stated Value Per Share FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsParorStatedValuePerShare	0.001
CY2018Q2	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Paror Stated Value Per Share FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsParorStatedValuePerShare	0.001
CY2017Q4	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Authorized FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesAuthorized	2000000	shares
CY2018Q2	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Authorized FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesAuthorized	2000000	shares
CY2017Q4	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Issued FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesIssued	1150000	shares
CY2018Q2	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Issued FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesIssued	1150000	shares
CY2017Q4	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Outstanding FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesOutstanding	1150000	shares
CY2018Q2	land	Financial Instruments Subjectto Mandatory Redemption Settlement Terms Shares Outstanding FinancialInstrumentsSubjecttoMandatoryRedemptionSettlementTermsSharesOutstanding	1150000	shares
CY2017Q2	land	Financing Fee FinancingFee	2000	USD
	land	Financing Fee FinancingFee	2000	USD
CY2018Q2	land	Financing Fee FinancingFee	2000	USD
	land	Financing Fee FinancingFee	2000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	45000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	2000	USD
CY2017Q2	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	0	USD
	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	0	USD
CY2018Q1	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-129000	USD
CY2018Q2	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	0	USD
	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-129000	USD
CY2017Q1	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175
CY2017Q2	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175
CY2018Q1	land	Increase Decreasein Rental Income IncreaseDecreaseinRentalIncome	-203000	USD
CY2017Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	50282000	USD
CY2018Q2	land	Irrigation Equipment System IrrigationEquipmentSystem	62158000	USD
CY2018Q1	land	Lessee Leasing Arrangement Lease Term LesseeLeasingArrangementLeaseTerm	P1Y
	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	0	USD
	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	8000	USD
CY2017Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	666000	USD
CY2018Q2	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	703000	USD
CY2017Q1	land	Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875
CY2017Q2	land	Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875
CY2017Q2	land	Maximum Number Of Securities Can Be Sold Under Shelf Registration Statement MaximumNumberOfSecuritiesCanBeSoldUnderShelfRegistrationStatement	2	security
CY2017Q2	land	Notice Period For Termination Of Agreement Without Cause NoticePeriodForTerminationOfAgreementWithoutCause	P120D
CY2017Q2	land	Number Of Farms Acquired NumberOfFarmsAcquired	2	farm
CY2017Q2	land	Number Of Leases NumberOfLeases	2	lease
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	65	farm
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	75	farm
	land	Numberof Executive Officers That Serve As Directors NumberofExecutiveOfficersThatServeAsDirectors	2	officer
	land	Numberof Tenants Lease Properties NumberofTenantsLeaseProperties	51	tenant
CY2017Q2	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	3090000	USD
CY2018Q2	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	9096000	USD
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	15555000	USD
CY2017Q4	land	Other Due To Advisor OtherDueToAdvisor	16000	USD
CY2018Q2	land	Other Due To Advisor OtherDueToAdvisor	3000	USD
CY2018Q1	land	Partners Capital Account Units Redeemed Price Per Share PartnersCapitalAccountUnitsRedeemedPricePerShare	13.42
CY2018Q2	land	Partners Capital Account Units Redeemed Price Per Share PartnersCapitalAccountUnitsRedeemedPricePerShare	12.54
CY2018Q1	land	Percentage Increase Decrease In Rental Revenue PercentageIncreaseDecreaseInRentalRevenue	-0.297
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2017Q1	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.020
CY2017Q2	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.020
CY2017Q2	land	Percentage Of Expected Quarterly Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedQuarterlyBaseManagementFeeToAggregateStockholdersEquity	0.0050
CY2017Q2	land	Percentageof Incentive Feeson Capital Gains PercentageofIncentiveFeesonCapitalGains	0.15
CY2017Q1	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
CY2017Q1	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
CY2017Q2	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
CY2017Q2	land	Property Operating Expenses PropertyOperatingExpenses	259000	USD
	land	Property Operating Expenses PropertyOperatingExpenses	542000	USD
CY2018Q2	land	Property Operating Expenses PropertyOperatingExpenses	318000	USD
	land	Property Operating Expenses PropertyOperatingExpenses	746000	USD
	land	Real Estate Additions Included In Other Assets RealEstateAdditionsIncludedInOtherAssets	15000	USD
	land	Real Estate Additions Included In Other Assets RealEstateAdditionsIncludedInOtherAssets	0	USD
	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	33000	USD
	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	136000	USD
CY2017Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	34803000	USD
CY2018Q2	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	35928000	USD
CY2017Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6551000	USD
CY2018Q2	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6687000	USD
CY2018Q1	land	Real Estate Repair Cost Capitalized RealEstateRepairCostCapitalized	34000	USD
CY2017Q2	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	606000	USD
	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	1351000	USD
CY2018Q2	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	580000	USD
	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	1237000	USD
CY2018Q2	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	465282000	USD
	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	3294000	USD
	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	4164000	USD
CY2017Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	53000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	89000	USD
CY2018Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	74000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	150000	USD
CY2017Q2	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	1449258	shares
	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	1449258	shares
CY2018Q2	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	913552	shares
	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	945236	shares
CY2017Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7398000	USD
CY2018Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9958000	USD
CY2017Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	19802000	USD
CY2018Q2	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	25763000	USD
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P7Y3M18D
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P9Y7M6D
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	129705000	USD
CY2018Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	155106000	USD
CY2017Q4	us-gaap	Agricultural Related Inventory AgriculturalRelatedInventory	1528000	USD
CY2018Q2	us-gaap	Agricultural Related Inventory AgriculturalRelatedInventory	0	USD
CY2017Q4	us-gaap	Agricultural Related Inventory Growing Crops AgriculturalRelatedInventoryGrowingCrops	1335000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	236000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	289000	USD
CY2017Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	210000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	348000	USD
CY2018Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	253000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	546000	USD
CY2017Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	57930	acre
CY2018Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	63325	acre
CY2017Q4	us-gaap	Assets Assets	462278000	USD
CY2018Q2	us-gaap	Assets Assets	475211000	USD
CY2017Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	15000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	30000	USD
CY2018Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	17000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	34000	USD
CY2017Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	37000	USD
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	46000	USD
CY2018Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	USD
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	131000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	255000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	30000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	47000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	47000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	47000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter	30000	USD
CY2018Q2	us-gaap	Capital Leases Future Minimum Payments Remainder Of Fiscal Year CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear	24000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2438000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2766000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2938000	USD
CY2018Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2583000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	328000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-355000	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.1305
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.2595
CY2018Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.1329
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.26565
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	98000000	shares
CY2018Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	98000000	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	13791574	shares
CY2018Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	16023872	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13791574	shares
CY2018Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	16023872	shares
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	14000	USD
CY2018Q2	us-gaap	Common Stock Value CommonStockValue	16000	USD
CY2018Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	5140000	USD
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	7498000	USD
CY2018Q1	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	47000	USD
CY2018Q1	us-gaap	Deferred Rent Credit DeferredRentCredit	84000	USD
CY2017Q2	us-gaap	Depreciation Depreciation	1400000	USD
	us-gaap	Depreciation Depreciation	2700000	USD
CY2018Q2	us-gaap	Depreciation Depreciation	2000000	USD
	us-gaap	Depreciation Depreciation	3900000	USD
CY2017Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1599000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3071000	USD
CY2018Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2242000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	4430000	USD
CY2018Q2	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3000	USD
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3000	USD
CY2017Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	940000	USD
CY2018Q2	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	807000	USD
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.02
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.03
CY2018Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.11
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.14
CY2017Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5492000	USD
CY2018Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5078000	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	370000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	782000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	367000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	790000	USD
CY2017Q2	us-gaap	Incentive Fee Expense IncentiveFeeExpense	76000	USD
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	427000	USD
CY2018Q2	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1318000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	317000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-48000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	237000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-307000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	813000	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	2193000	USD
	us-gaap	Interest Expense InterestExpense	4350000	USD
CY2018Q2	us-gaap	Liabilities Liabilities	340060000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	2815000	USD
	us-gaap	Interest Expense InterestExpense	5646000	USD
CY2017Q2	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	916000	USD
CY2018Q2	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	916000	USD
CY2017Q2	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
CY2018Q2	us-gaap	Inventory Write Down InventoryWriteDown	1060000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	1060000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	1100000	USD
CY2017Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18191000	USD
CY2018Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18463000	USD
CY2017Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	356316000	USD
CY2018Q2	us-gaap	Land And Land Improvements LandAndLandImprovements	360576000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	344327000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	462278000	USD
CY2018Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	475211000	USD
CY2017Q4	us-gaap	Line Of Credit LineOfCredit	10000000	USD
CY2018Q2	us-gaap	Line Of Credit LineOfCredit	3500000	USD
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	301002000	USD
CY2018Q2	us-gaap	Long Term Debt LongTermDebt	293424000	USD
CY2017Q2	us-gaap	Management Fee Expense ManagementFeeExpense	530000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	924000	USD
CY2018Q2	us-gaap	Management Fee Expense ManagementFeeExpense	754000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	1411000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2017Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	8034000	USD
CY2018Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	5792000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	80788000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	11723000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-85139000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16560000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4679000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4482000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	227000	USD
	us-gaap	Net Income Loss NetIncomeLoss	379000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	-1742000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2039000	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	28000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	49000	USD
CY2018Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-110000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-131000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	227000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1745000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2042000	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2651000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-5081000	USD
CY2018Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-4324000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7428000	USD
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	3090000	USD
	us-gaap	Operating Expenses OperatingExpenses	6237000	USD
CY2018Q2	us-gaap	Operating Expenses OperatingExpenses	8922000	USD
	us-gaap	Operating Expenses OperatingExpenses	15381000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	2906000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	5509000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	2472000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	5258000	USD
CY2017Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	5994000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	11742000	USD
CY2018Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	6632000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	13320000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	2834000	USD
CY2018Q2	us-gaap	Other Assets OtherAssets	4276000	USD
CY2017Q2	us-gaap	Other General Expense OtherGeneralExpense	0	USD
CY2018Q2	us-gaap	Other General Expense OtherGeneralExpense	5140000	USD
	us-gaap	Other General Expense OtherGeneralExpense	7498000	USD
CY2017Q4	us-gaap	Other Liabilities OtherLiabilities	7097000	USD
CY2018Q2	us-gaap	Other Liabilities OtherLiabilities	7864000	USD
CY2017Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	0	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	185000	USD
CY2018Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	9000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	323000	USD
CY2017Q2	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	0	USD
	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	0	USD
CY2018Q2	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	4760000	USD
	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	7311000	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	565000	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	300000	USD
	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	USD
	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	521000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	2918000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3919000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	348000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	225000	USD
CY2018Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	12700000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1225000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	935000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	82950000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	5036000	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	49001000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	11356000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	376000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	246000	USD
CY2018Q1	us-gaap	Preferred Stock Capital Shares Reserved For Future Issuance PreferredStockCapitalSharesReservedForFutureIssuance	6500000	shares
CY2017Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
CY2018Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3000	USD
CY2018Q2	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	507000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0
CY2018Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	6500000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	20280	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	20280	shares
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	20722000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	25113000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	38000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	9100000	USD
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	USD
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	132000	USD
CY2017Q2	us-gaap	Profit Loss ProfitLoss	255000	USD
	us-gaap	Profit Loss ProfitLoss	428000	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	-1852000	USD
	us-gaap	Profit Loss ProfitLoss	-2170000	USD
CY2018Q2	us-gaap	Property Subject To Or Available For Operating Lease Number Of Units PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits	2	lease
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	31000	USD
CY2018Q2	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	295444000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	16657000	USD
CY2018Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	20538000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	466143000	USD
CY2018Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	483812000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	449486000	USD
CY2018Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	463274000	USD
CY2017Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	5996000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	11746000	USD
CY2018Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	11394000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	20639000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	19500000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	15600000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	2568000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	3777000	USD
CY2018Q1	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	12.15
CY2018Q2	us-gaap	Sales Revenue Goods Gross SalesRevenueGoodsGross	4760000	USD
	us-gaap	Sales Revenue Goods Gross SalesRevenueGoodsGross	7306000	USD
CY2017Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	291002000	USD
CY2018Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	289924000	USD
CY2017Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	27890000	USD
CY2018Q2	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28007000	USD
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	0	USD
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	521000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	109917000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	129359000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	87777000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	104476000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	117951000	USD
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	135151000	USD
CY2017Q4	us-gaap	Tenant Improvements TenantImprovements	2400000	USD
CY2018Q2	us-gaap	Tenant Improvements TenantImprovements	2400000	USD
CY2017Q2	us-gaap	Tenant Reimbursements TenantReimbursements	2000	USD
	us-gaap	Tenant Reimbursements TenantReimbursements	4000	USD
CY2018Q2	us-gaap	Tenant Reimbursements TenantReimbursements	2000	USD
	us-gaap	Tenant Reimbursements TenantReimbursements	8000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	11850624	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	11127199	shares
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	15506512	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	14736400	shares
	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:20px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain property-specific costs have been reclassified from general and administrative expenses to property operating expenses on the accompanying Condensed Consolidated Statement of Operations for the three and six months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:20px;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
0001495240-18-000015-index-headers.html	Edgar Link	pending
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0001495240-18-000015.txt	Edgar Link	pending
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$LAND
GLADSTONE LAND Corp Stock $land

2018 Q3 Form 10-Q Financial Statement

#000149524018000015 Filed on August 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2018 Q3 Form 10-Q Financial Statement

#000149524018000015 Filed on August 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land