$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000149524019000010 Filed on May 07, 2019

Income Statement

Concept	2019 Q2	2019 Q1	2018 Q1
Revenue	$8.362M	$7.830M	$9.245M
YoY Change	-26.61%	-15.31%	60.78%
Cost Of Revenue	$1.550M	$1.710M	$2.359M
YoY Change	-69.84%	-27.51%	268.59%
Gross Profit	$6.820M	$6.120M	$6.886M
YoY Change	9.05%	-11.12%	34.76%
Gross Profit Margin	81.56%	78.16%	74.48%
Selling, General & Admin	$730.0K	$870.0K	$690.0K
YoY Change	14.06%	26.09%	-32.35%
% of Gross Profit	10.7%	14.22%	10.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.936M	$2.597M	$2.189M
YoY Change	30.95%	18.64%	48.71%
% of Gross Profit	43.05%	42.43%	31.79%
Operating Expenses	$4.241M	$4.605M	$6.459M
YoY Change	-52.47%	-28.7%	158.36%
Operating Profit	$2.579M	$1.515M	$2.786M
YoY Change	4.33%	-45.62%	6.99%
Interest Expense	$3.543M	$3.453M	$2.832M
YoY Change	25.86%	21.93%	31.29%
% of Operating Profit	137.38%	227.92%	101.65%
Other Income/Expense, Net	-$3.947M	-$3.117M	-$3.104M
YoY Change	-8.72%	0.42%	27.68%
Pretax Income	$170.0K	$110.0K	-$320.0K
YoY Change	-109.19%	-134.38%	-288.24%
Income Tax			-$34.00K
% Of Pretax Income
Net Earnings	$173.0K	$105.0K	-$297.0K
YoY Change	-109.93%	-135.35%	-295.39%
Net Earnings / Revenue	2.07%	1.34%	-3.21%
Basic Earnings Per Share
Diluted Earnings Per Share	$9.120K	$6.101K	-$21.49K
COMMON SHARES
Basic Shares Outstanding	18.46M shares	18.06M shares	13.90M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q2	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$28.70M	$23.10M	$2.700M
YoY Change	1003.85%	755.56%	8.0%
Cash & Equivalents	$28.71M	$23.11M	$2.679M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory			$2.100M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$28.70M	$23.10M	$4.800M
YoY Change	1003.85%	381.25%	92.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$588.2M	$541.7M	$458.9M
YoY Change	26.96%	18.04%	20.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$600.0M	$552.8M	$468.1M
YoY Change	26.96%	18.1%	21.75%
TOTAL ASSETS
Total Short-Term Assets	$28.70M	$23.10M	$4.800M
Total Long-Term Assets	$600.0M	$552.8M	$468.1M
Total Assets	$628.7M	$575.9M	$472.9M
YoY Change	32.3%	21.79%	22.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.100M	$6.700M	$8.600M
YoY Change	-9.0%	-22.09%	230.77%
Accrued Expenses	$200.0K	$200.0K
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	$9.700M	$7.600M	$9.600M
YoY Change	-10.19%	-20.83%	166.67%
LONG-TERM LIABILITIES
Long-Term Debt	$378.5M	$362.1M	$320.9M
YoY Change	17.77%	12.84%	19.52%
Other Long-Term Liabilities	$9.200M	$11.50M	$10.50M
YoY Change	16.46%	9.52%	16.67%
Total Long-Term Liabilities	$387.7M	$373.6M	$331.4M
YoY Change	17.73%	12.73%	19.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.700M	$7.600M	$9.600M
Total Long-Term Liabilities	$387.7M	$373.6M	$331.4M
Total Liabilities	$397.4M	$381.2M	$340.9M
YoY Change	16.85%	11.8%	21.32%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$263.3M	$223.5M	$146.0M
YoY Change	69.72%	53.08%	33.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$231.4M	$194.8M	$124.1M
YoY Change
Total Liabilities & Shareholders Equity	$628.7M	$575.9M	$472.9M
YoY Change	32.3%	21.79%	22.21%

Cashflow Statement

Concept	2019 Q2	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$173.0K	$105.0K	-$297.0K
YoY Change	-109.93%	-135.35%	-295.39%
Depreciation, Depletion And Amortization	$2.936M	$2.597M	$2.189M
YoY Change	30.95%	18.64%	48.71%
Cash From Operating Activities	$1.830M	$2.432M	$2.751M
YoY Change	5.78%	-11.6%	0.18%
INVESTING ACTIVITIES
Capital Expenditures	-$48.18M	-$5.370M	-$9.510M
YoY Change	600.29%	-43.53%	-82.39%
Acquisitions
YoY Change
Other Investing Activities	-$700.0K	-$350.0K	$200.0K
YoY Change	89.19%	-275.0%	-190.91%
Cash From Investing Activities	-$48.88M	-$5.717M	-$9.310M
YoY Change	574.21%	-38.59%	-82.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	52.66M	$11.66M	$6.300M
YoY Change	871.59%	85.13%	-87.77%
NET CHANGE
Cash From Operating Activities	1.830M	$2.432M	$2.751M
Cash From Investing Activities	-48.88M	-$5.717M	-$9.310M
Cash From Financing Activities	52.66M	$11.66M	$6.300M
Net Change In Cash	5.610M	$8.378M	-$259.0K
YoY Change	-5710.0%	-3334.75%	-840.0%
FREE CASH FLOW
Cash From Operating Activities	$1.830M	$2.432M	$2.751M
Capital Expenditures	-$48.18M	-$5.370M	-$9.510M
Free Cash Flow	$50.01M	$7.802M	$12.26M
YoY Change	480.84%	-36.37%	-78.39%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019Q1	dei	Amendment Flag AmendmentFlag	false
CY2019Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2019Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	18462219	shares
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2019Q1	dei	Trading Symbol TradingSymbol	LAND
CY2018	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	4621000	USD
CY2019Q1	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	1428000	USD
CY2018Q1	land	Administration Fee AdministrationFee	274000	USD
CY2019Q1	land	Administration Fee AdministrationFee	306000	USD
CY2018Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	340000	USD
CY2019Q1	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	306000	USD
CY2018Q1	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
CY2019Q1	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	33000	USD
CY2018Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-90000	USD
CY2019Q1	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-80000	USD
CY2017Q2	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.00
CY2017Q2	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20
CY2017Q2	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.070
CY2019Q1	land	Base Management Fee Waiver Credit Grantedby Related Party BaseManagementFeeWaiverCreditGrantedbyRelatedParty	568700	USD
CY2018Q4	land	Capital Gains Fee Dueto Advisor CapitalGainsFeeDuetoAdvisor	-150000	USD
CY2019Q1	land	Capital Gains Fee Dueto Advisor CapitalGainsFeeDuetoAdvisor	0	USD
CY2018	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	109000	USD
CY2019Q1	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	58000	USD
CY2018Q1	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	0	USD
CY2019Q1	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	569000	USD
CY2018Q4	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	44000	USD
CY2019Q1	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	569000	USD
CY2018Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0352
CY2019Q1	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0393
CY2018Q4	land	Due To From Adviser DueToFromAdviser	605000	USD
CY2019Q1	land	Due To From Adviser DueToFromAdviser	332000	USD
CY2019Q1	land	Farmable Area Of Land FarmableAreaOfLand	58344	acre
CY2018Q4	land	Fee Due To Administrator FeeDueToAdministrator	340000	USD
CY2019Q1	land	Fee Due To Administrator FeeDueToAdministrator	306000	USD
CY2018Q1	land	Finance Lease Cost FinanceLeaseCost	12000	USD
CY2019Q1	land	Finance Lease Cost FinanceLeaseCost	12000	USD
CY2018Q1	land	Financing Fee FinancingFee	0	USD
CY2019Q1	land	Financing Fee FinancingFee	2000	USD
CY2018Q1	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	0	USD
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CY2019Q1	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	11000	USD
CY2018Q1	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-129000	USD
CY2019Q1	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	0	USD
CY2017Q2	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175
CY2018Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	71583000	USD
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CY2018Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	736000	USD
CY2019Q1	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	905000	USD
CY2019Q1	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	1656000	USD
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CY2018Q1	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
CY2019Q1	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
CY2017Q2	land	Number Of Farms Acquired NumberOfFarmsAcquired	2	farm
CY2017Q2	land	Number Of Leases NumberOfLeases	2	lease
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CY2019Q1	land	Number Of Real Estate Farms NumberOfRealEstateFarms	86	farm
CY2019Q1	land	Numberof Executive Officers That Serve As Directors NumberofExecutiveOfficersThatServeAsDirectors	2	officer
CY2019Q1	land	Numberof Tenants Lease Properties NumberofTenantsLeaseProperties	64	tenant
CY2018Q1	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	6459000	USD
CY2019Q1	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	5174000	USD
CY2019Q1	land	Operating Lease Liability Incurred In Exchange For Right Of Use Asset OperatingLeaseLiabilityIncurredInExchangeForRightOfUseAsset	167000	USD
CY2018Q4	land	Other Due To Advisor OtherDueToAdvisor	63000	USD
CY2019Q1	land	Other Due To Advisor OtherDueToAdvisor	-4000	USD
CY2018Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000
CY2019Q1	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000
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
CY2018Q1	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1.000
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CY2017Q2	land	Percentageof Incentive Feeson Capital Gains PercentageofIncentiveFeesonCapitalGains	0.15
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
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CY2018	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	33000	USD
CY2019Q1	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	0	USD
CY2018Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	48894000	USD
CY2019Q1	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	49057000	USD
CY2018Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6707000	USD
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CY2018Q1	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	656000	USD
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CY2018Q1	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	0	USD
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CY2019Q1	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	336217000	USD
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CY2018Q1	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	63351	acre
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CY2018Q1	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	17000	USD
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CY2019Q1	us-gaap	Depreciation Depreciation	2300000	USD
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CY2019Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2597000	USD
CY2019Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	601000	USD
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CY2018Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
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CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5686000	USD
CY2019Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5364000	USD
CY2018Q1	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	0	USD
CY2019Q1	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	-32000	USD
CY2018Q1	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
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CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	553000	USD
CY2019Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	550000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1132000	USD
CY2019Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2277000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1659000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	136000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	3488000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2032000	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	2832000	USD
CY2019Q1	us-gaap	Interest Expense InterestExpense	3453000	USD
CY2018Q1	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
CY2019Q1	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
CY2018Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18510000	USD
CY2019Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18534000	USD
CY2018Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	417310000	USD
CY2019Q1	us-gaap	Land And Land Improvements LandAndLandImprovements	419602000	USD
CY2019Q1	us-gaap	Lease Income LeaseIncome	7830000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	232000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	185000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	31000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	31000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	30000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	30000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	30000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	30000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	47000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	47000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	47000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	47000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	47000	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	0	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	0	USD
CY2019Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	18000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	172652000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	19718000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	20285000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	20546000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	62793000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	21131000	USD
CY2019Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	28179000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	384066000	USD
CY2019Q1	us-gaap	Liabilities Liabilities	381180000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	565119000	USD
CY2019Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	575949000	USD
CY2018Q4	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2019Q1	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	335888000	USD
CY2019Q1	us-gaap	Long Term Debt LongTermDebt	333935000	USD
CY2018Q1	us-gaap	Management Fee Expense ManagementFeeExpense	656000	USD
CY2019Q1	us-gaap	Management Fee Expense ManagementFeeExpense	905000	USD
CY2019Q1	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2018Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	4807000	USD
CY2019Q1	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	0	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6300000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	11663000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9310000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5717000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2751000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2432000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-297000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	105000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-21000	USD
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3000	USD
CY2018Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-297000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-496000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3104000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3117000	USD
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	6459000	USD
CY2019Q1	us-gaap	Operating Expenses OperatingExpenses	4605000	USD
CY2019Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	7830000	USD
CY2018Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	232000	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	167000	USD
CY2019Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	41000	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	208000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0420
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y3M18D
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	177309000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	19413000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	19775000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	20980000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	26917000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear	30290000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	59934000	USD
CY2018Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	6694000	USD
CY2018Q4	us-gaap	Other Assets OtherAssets	5750000	USD
CY2019Q1	us-gaap	Other Assets OtherAssets	6026000	USD
CY2018Q1	us-gaap	Other General Expense OtherGeneralExpense	2359000	USD
CY2019Q1	us-gaap	Other General Expense OtherGeneralExpense	0	USD
CY2018Q4	us-gaap	Other Liabilities OtherLiabilities	9957000	USD
CY2019Q1	us-gaap	Other Liabilities OtherLiabilities	11671000	USD
CY2018Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	315000	USD
CY2019Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	826000	USD
CY2018Q1	us-gaap	Other Operating Income OtherOperatingIncome	2551000	USD
CY2019Q1	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
CY2018Q1	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	-200000	USD
CY2019Q1	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	350000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	13000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	400000	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1851000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	2409000	USD
CY2018Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
CY2019Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	601000	USD
CY2018Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	163000	USD
CY2019Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	4000	USD
CY2018Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	685000	USD
CY2019Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1729000	USD
CY2018Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	5032000	USD
CY2019Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	2304000	USD
CY2018Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4478000	USD
CY2019Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	3063000	USD
CY2018Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	129000	USD
CY2019Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	53000	USD
CY2019Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	601000	USD
CY2018Q1	us-gaap	Preferred Stock Capital Shares Reserved For Future Issuance PreferredStockCapitalSharesReservedForFutureIssuance	6500000	shares
CY2018Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	28600000	USD
CY2019Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	47300000	USD
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	1000	USD
CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	2000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	1260000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	1440000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	17486000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	18482000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	7500000	USD
CY2019Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	-318000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	108000	USD
CY2019Q1	us-gaap	Property Subject To Or Available For Operating Lease Number Of Units PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits	2	lease
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1000	USD
CY2019Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	24051000	USD
CY2019Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	26323000	USD
CY2018Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	563004000	USD
CY2019Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	567774000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	538953000	USD
CY2019Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	541451000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	13600000	USD
CY2019Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2018Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	3118000	USD
CY2019Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	3450000	USD
CY2018Q1	us-gaap	Revenues Revenues	9245000	USD
CY2019Q1	us-gaap	Revenues Revenues	7830000	USD
CY2019Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	208000	USD
CY2018Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	335788000	USD
CY2019Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	333835000	USD
CY2018Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28124000	USD
CY2019Q1	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28183000	USD
CY2018Q1	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	400000	USD
CY2019Q1	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	13000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	176246000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	194769000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	117951000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	131968000	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	181053000	USD
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	194769000	USD
CY2018Q4	us-gaap	Tenant Improvements TenantImprovements	2400000	USD
CY2019Q1	us-gaap	Tenant Improvements TenantImprovements	2300000	USD
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	13957732	shares
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	18028826	shares
CY2019Q1	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;">On the accompanying Condensed Consolidated Statement of Operations 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, 2019</font><font style="font-family:inherit;font-size:10pt;">, operating rental revenue has been reclassified to be displayed in accordance with ASU 2016-02 (as defined below), which was adopted on January 1, 2019, and acquisition-related expenses have been reclassified to be included within general and administrative expenses.</font></div></div>
CY2019Q1	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
0001495240-19-000010-index-headers.html	Edgar Link	pending
0001495240-19-000010-index.html	Edgar Link	pending
0001495240-19-000010.txt	Edgar Link	pending
0001495240-19-000010-xbrl.zip	Edgar Link	pending
ex311_033119.htm	Edgar Link	pending
ex312_033119.htm	Edgar Link	pending
ex321_033119.htm	Edgar Link	pending
ex322_033119.htm	Edgar Link	pending
ex991_033119.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
land-20190331.xml	Edgar Link	completed
land-20190331.xsd	Edgar Link	pending
land-20190331_cal.xml	Edgar Link	unprocessable
land-20190331_def.xml	Edgar Link	unprocessable
land-20190331_lab.xml	Edgar Link	unprocessable
land-20190331_pre.xml	Edgar Link	unprocessable
land_033119x10qdocument.htm	Edgar Link	pending
R1.htm	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

2019 Q2 Form 10-Q Financial Statement

#000149524019000010 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2019 Q2 Form 10-Q Financial Statement

#000149524019000010 Filed on May 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land