$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000149524019000014 Filed on August 07, 2019

Income Statement

Concept	2019 Q3	2019 Q2	2018 Q2
Revenue	$11.01M	$8.362M	$11.39M
YoY Change	37.36%	-26.61%	90.03%
Cost Of Revenue	$1.390M	$1.550M	$5.140M
YoY Change	6.11%	-69.84%	567.53%
Gross Profit	$9.630M	$6.820M	$6.254M
YoY Change	43.52%	9.05%	19.81%
Gross Profit Margin	87.45%	81.56%	54.89%
Selling, General & Admin	$770.0K	$730.0K	$640.0K
YoY Change	-52.17%	14.06%	-5.88%
% of Gross Profit	8.0%	10.7%	10.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.419M	$2.936M	$2.242M
YoY Change	44.02%	30.95%	40.21%
% of Gross Profit	35.5%	43.05%	35.85%
Operating Expenses	$5.575M	$4.241M	$8.922M
YoY Change	19.33%	-52.47%	188.74%
Operating Profit	$4.055M	$2.579M	$2.472M
YoY Change	21.23%	4.33%	-14.93%
Interest Expense	$4.401M	$3.543M	$2.815M
YoY Change	42.8%	25.86%	28.36%
% of Operating Profit	108.53%	137.38%	113.88%
Other Income/Expense, Net	-$4.914M	-$3.947M	-$4.324M
YoY Change	-283.7%	-8.72%	63.11%
Pretax Income	$520.0K	$170.0K	-$1.850M
YoY Change	-91.36%	-109.19%	-811.54%
Income Tax
% Of Pretax Income
Net Earnings	$517.0K	$173.0K	-$1.742M
YoY Change	-90.9%	-109.93%	-867.4%
Net Earnings / Revenue	4.69%	2.07%	-15.29%
Basic Earnings Per Share
Diluted Earnings Per Share	$25.05K	$9.120K	-$112.2K
COMMON SHARES
Basic Shares Outstanding	20.81M shares	18.46M shares	15.38M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q3	2019 Q2	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.000M	$28.70M	$2.600M
YoY Change	37.93%	1003.85%	-7.14%
Cash & Equivalents	$3.992M	$28.71M	$2.583M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory			$0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$4.000M	$28.70M	$2.600M
YoY Change	37.93%	1003.85%	-7.14%
LONG-TERM ASSETS
Property, Plant & Equipment	$740.8M	$588.2M	$463.3M
YoY Change	49.02%	26.96%	14.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$753.0M	$600.0M	$472.6M
YoY Change	48.53%	26.96%	14.1%
TOTAL ASSETS
Total Short-Term Assets	$4.000M	$28.70M	$2.600M
Total Long-Term Assets	$753.0M	$600.0M	$472.6M
Total Assets	$757.0M	$628.7M	$475.2M
YoY Change	48.47%	32.3%	13.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.000M	$9.100M	$10.00M
YoY Change	9.38%	-9.0%	112.77%
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	$8.400M	$9.700M	$10.80M
YoY Change	13.51%	-10.19%	96.36%
LONG-TERM LIABILITIES
Long-Term Debt	$480.4M	$378.5M	$321.4M
YoY Change	39.53%	17.77%	7.2%
Other Long-Term Liabilities	$15.00M	$9.200M	$7.900M
YoY Change	36.36%	16.46%	8.22%
Total Long-Term Liabilities	$495.4M	$387.7M	$329.3M
YoY Change	39.43%	17.73%	7.23%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.400M	$9.700M	$10.80M
Total Long-Term Liabilities	$495.4M	$387.7M	$329.3M
Total Liabilities	$503.7M	$397.4M	$340.1M
YoY Change	38.89%	16.85%	8.8%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$286.6M	$263.3M	$155.1M
YoY Change	74.79%	69.72%	42.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$250.9M	$231.4M	$129.4M
YoY Change
Total Liabilities & Shareholders Equity	$757.0M	$628.7M	$475.2M
YoY Change	48.47%	32.3%	13.95%

Cashflow Statement

Concept	2019 Q3	2019 Q2	2018 Q2
OPERATING ACTIVITIES
Net Income	$517.0K	$173.0K	-$1.742M
YoY Change	-90.9%	-109.93%	-867.4%
Depreciation, Depletion And Amortization	$3.419M	$2.936M	$2.242M
YoY Change	44.02%	30.95%	40.21%
Cash From Operating Activities	$9.640M	$1.830M	$1.730M
YoY Change	170.79%	5.78%	-10.36%
INVESTING ACTIVITIES
Capital Expenditures	-$156.1M	-$48.18M	-$6.880M
YoY Change	384.33%	600.29%	-77.49%
Acquisitions
YoY Change
Other Investing Activities	$750.0K	-$700.0K	-$370.0K
YoY Change	275.0%	89.19%	5.71%
Cash From Investing Activities	-$155.4M	-$48.88M	-$7.250M
YoY Change	385.01%	574.21%	-76.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	121.0M	52.66M	5.420M
YoY Change	319.81%	871.59%	-81.5%
NET CHANGE
Cash From Operating Activities	9.640M	1.830M	1.730M
Cash From Investing Activities	-155.4M	-48.88M	-7.250M
Cash From Financing Activities	121.0M	52.66M	5.420M
Net Change In Cash	-24.72M	5.610M	-100.0K
YoY Change	-7162.86%	-5710.0%	-133.33%
FREE CASH FLOW
Cash From Operating Activities	$9.640M	$1.830M	$1.730M
Capital Expenditures	-$156.1M	-$48.18M	-$6.880M
Free Cash Flow	$165.7M	$50.01M	$8.610M
YoY Change	363.09%	480.84%	-73.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
	dei	Document Period End Date DocumentPeriodEndDate	2019-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2019Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	20810067	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	4120000	USD
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	2465000	USD
CY2018Q2	land	Administration Fee AdministrationFee	275000	USD
	land	Administration Fee AdministrationFee	549000	USD
CY2019Q2	land	Administration Fee AdministrationFee	250000	USD
	land	Administration Fee AdministrationFee	556000	USD
CY2018Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	340000	USD
CY2019Q2	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	250000	USD
	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	3313000	USD
	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	0	USD
	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	-19000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	921000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	1100000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	1060000	USD
	us-gaap	Operating Expenses OperatingExpenses	8846000	USD
CY2018Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	2000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	4000	USD
CY2019Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	33000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	66000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-180000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-157000	USD
CY2017Q2	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 Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20
CY2017Q2	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.070
CY2018Q4	land	Capital Gains Fee Dueto Advisor CapitalGainsFeeDuetoAdvisor	-150000	USD
CY2019Q2	land	Capital Gains Fee Dueto Advisor CapitalGainsFeeDuetoAdvisor	0	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	194000	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	99000	USD
CY2018Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	174000	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	174000	USD
CY2019Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	974000	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	1543000	USD
CY2018Q4	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	44000	USD
CY2019Q2	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	974000	USD
	land	Debt Instrument Weighted Average Interest Rate DebtInstrumentWeightedAverageInterestRate	0.0393
CY2018Q4	land	Due To From Adviser DueToFromAdviser	605000	USD
CY2019Q2	land	Due To From Adviser DueToFromAdviser	18000	USD
	land	Escrow Proceeds From Asset Sale EscrowProceedsFromAssetSale	0	USD
	land	Escrow Proceeds From Asset Sale EscrowProceedsFromAssetSale	0	USD
CY2019Q2	land	Farmable Area Of Land FarmableAreaOfLand	60069	acre
CY2018Q4	land	Fee Due To Administrator FeeDueToAdministrator	340000	USD
CY2019Q2	land	Fee Due To Administrator FeeDueToAdministrator	250000	USD
CY2018Q2	land	Finance Lease Cost FinanceLeaseCost	12000	USD
	land	Finance Lease Cost FinanceLeaseCost	24000	USD
CY2019Q2	land	Finance Lease Cost FinanceLeaseCost	15000	USD
	land	Finance Lease Cost FinanceLeaseCost	27000	USD
CY2018Q2	land	Financing Fee FinancingFee	2000	USD
	land	Financing Fee FinancingFee	2000	USD
CY2019Q2	land	Financing Fee FinancingFee	26000	USD
	land	Financing Fee FinancingFee	28000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	2000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	20000	USD
CY2018Q2	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	0	USD
	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-129000	USD
CY2019Q2	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-7000	USD
	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-7000	USD
CY2017Q2	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175
CY2018Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	71583000	USD
CY2019Q2	land	Irrigation Equipment System IrrigationEquipmentSystem	80891000	USD
	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	8000	USD
	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	0	USD
CY2018Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	736000	USD
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	90	farm
CY2019Q2	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	974000	USD
CY2018Q2	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	52000	USD
	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	52000	USD
CY2019Q2	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	1685000	USD
	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	3341000	USD
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
CY2018Q2	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
	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
	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	64	tenant
CY2018Q2	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	9096000	USD
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	15555000	USD
CY2019Q2	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	5215000	USD
	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	10389000	USD
CY2019Q2	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	30000	USD
	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	60000	USD
	land	Operating Lease Liability Incurred In Exchange For Right Of Use Asset OperatingLeaseLiabilityIncurredInExchangeForRightOfUseAsset	169000	USD
CY2018Q2	land	Operating Leases Income Statement Fixed Lease Payments OperatingLeasesIncomeStatementFixedLeasePayments	6632000	USD
	land	Operating Leases Income Statement Fixed Lease Payments OperatingLeasesIncomeStatementFixedLeasePayments	13303000	USD
CY2018Q2	land	Operating Leases Income Statement Variable Lease Payments OperatingLeasesIncomeStatementVariableLeasePayments	2000	USD
	land	Operating Leases Income Statement Variable Lease Payments OperatingLeasesIncomeStatementVariableLeasePayments	25000	USD
CY2018Q2	land	Operating Leases Rent Reimbursements OperatingLeasesRentReimbursements	2000	USD
	land	Operating Leases Rent Reimbursements OperatingLeasesRentReimbursements	8000	USD
CY2018Q4	land	Other Due To Advisor OtherDueToAdvisor	63000	USD
CY2019Q2	land	Other Due To Advisor OtherDueToAdvisor	18000	USD
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2019Q2	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.020
CY2019Q2	land	Percentage Of Expected Quarterly Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedQuarterlyBaseManagementFeeToAggregateStockholdersEquity	0.0050
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
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
CY2018Q2	land	Property Operating Expenses PropertyOperatingExpenses	318000	USD
	land	Property Operating Expenses PropertyOperatingExpenses	746000	USD
CY2019Q2	land	Property Operating Expenses PropertyOperatingExpenses	586000	USD
	land	Property Operating Expenses PropertyOperatingExpenses	1403000	USD
	land	Real Estate Additions Included In Other Liabilities RealEstateAdditionsIncludedInOtherLiabilities	136000	USD
	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
CY2019Q2	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	73136000	USD
CY2018Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6707000	USD
CY2019Q2	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6740000	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
CY2019Q2	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	0	USD
	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	336000	USD
CY2019Q2	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	590271000	USD
CY2018Q2	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	50000	USD
	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	50000	USD
CY2019Q2	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	1659000	USD
CY2019Q2	land	Selling Commissionsand Dealer Manager Fees Paid To Third Parties To Date Percentage SellingCommissionsandDealerManagerFeesPaidToThirdPartiesToDatePercentage	0.940
CY2018Q2	land	Stock Issued During Period Value Issuedfor Services Common Stock StockIssuedDuringPeriodValueIssuedforServicesCommonStock	6888000	USD
	land	Stock Issued During Period Value Issuedfor Services Common Stock StockIssuedDuringPeriodValueIssuedforServicesCommonStock	23603000	USD
CY2019Q2	land	Stock Issued During Period Value Issuedfor Services Common Stock StockIssuedDuringPeriodValueIssuedforServicesCommonStock	23170000	USD
	land	Stock Issued During Period Value Issuedfor Services Common Stock StockIssuedDuringPeriodValueIssuedforServicesCommonStock	23149000	USD
CY2018Q2	land	Stock Issued During Period Value Issuedfor Services Preferred Stock StockIssuedDuringPeriodValueIssuedforServicesPreferredStock	455000	USD
	land	Stock Issued During Period Value Issuedfor Services Preferred Stock StockIssuedDuringPeriodValueIssuedforServicesPreferredStock	455000	USD
CY2019Q2	land	Stock Issued During Period Value Issuedfor Services Preferred Stock StockIssuedDuringPeriodValueIssuedforServicesPreferredStock	16756000	USD
	land	Stock Issued During Period Value Issuedfor Services Preferred Stock StockIssuedDuringPeriodValueIssuedforServicesPreferredStock	33460000	USD
CY2018Q2	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	2184000	USD
	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	4164000	USD
CY2019Q2	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	2469000	USD
	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	4930000	USD
CY2018Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	74000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	150000	USD
CY2019Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	72000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	146000	USD
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
CY2019Q2	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	0	shares
	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	215499	shares
CY2019Q2	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	352550000	USD
CY2018Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9152000	USD
CY2019Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9134000	USD
CY2018Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	25826000	USD
CY2019Q2	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	31919000	USD
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P9Y7M6D
CY2018Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	202053000	USD
CY2019Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	263249000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	289000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	299000	USD
CY2018Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	253000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	546000	USD
CY2019Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	326000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	650000	USD
CY2018Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	63325	acre
CY2019Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	75886	acre
CY2018Q4	us-gaap	Assets Assets	565119000	USD
CY2019Q2	us-gaap	Assets Assets	628723000	USD
CY2018Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	17000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	34000	USD
CY2019Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	39000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	77000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14730000	USD
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	28705000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2938000	USD
CY2018Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2583000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14730000	USD
CY2019Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	28705000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-355000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	13975000	USD
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2019Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2019Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2019Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	98000000	shares
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17891340	shares
CY2019Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20532770	shares
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17891340	shares
CY2019Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20532770	shares
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	18000	USD
CY2019Q2	us-gaap	Common Stock Value CommonStockValue	21000	USD
CY2018Q2	us-gaap	Depreciation Depreciation	2000000	USD
	us-gaap	Depreciation Depreciation	3900000	USD
CY2019Q2	us-gaap	Depreciation Depreciation	2600000	USD
	us-gaap	Depreciation Depreciation	4900000	USD
CY2018Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2242000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	4430000	USD
CY2019Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2936000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	5533000	USD
CY2018Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3000	USD
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3000	USD
CY2019Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	893000	USD
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1494000	USD
CY2018Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	945000	USD
CY2019Q2	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	364000	USD
CY2018Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.11
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.14
CY2018Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	USD
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.07
CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5686000	USD
CY2019Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	13000	USD
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-19000	USD
CY2019Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5039000	USD
CY2018Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	367000	USD
CY2019Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	469000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1018000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	317000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1344000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	237000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-21000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	813000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-410000	USD
CY2018Q2	us-gaap	Interest Expense InterestExpense	2815000	USD
	us-gaap	Interest Expense InterestExpense	5646000	USD
CY2019Q2	us-gaap	Interest Expense InterestExpense	3543000	USD
	us-gaap	Interest Expense InterestExpense	6996000	USD
CY2018Q2	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	916000	USD
CY2019Q2	us-gaap	Interest Expense Other InterestExpenseOther	458000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	916000	USD
CY2018Q2	us-gaap	Inventory Write Down InventoryWriteDown	1060000	USD
CY2019Q2	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
CY2018Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18510000	USD
CY2019Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	20249000	USD
CY2018Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	417310000	USD
CY2019Q2	us-gaap	Land And Land Improvements LandAndLandImprovements	435866000	USD
CY2019Q2	us-gaap	Lease Income LeaseIncome	8362000	USD
	us-gaap	Lease Income LeaseIncome	16192000	USD
CY2018Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	232000	USD
CY2019Q2	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
CY2019Q2	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
CY2019Q2	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
CY2019Q2	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
CY2019Q2	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
CY2019Q2	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
CY2019Q2	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
CY2019Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	16000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	201554000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	22827000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4878000	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1165000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	23221000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	14703000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	85436000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	23889000	USD
CY2019Q2	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	31478000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	384066000	USD
CY2019Q2	us-gaap	Liabilities Liabilities	397369000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	565119000	USD
CY2019Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	628723000	USD
CY2018Q4	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2019Q2	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	335888000	USD
CY2019Q2	us-gaap	Long Term Debt LongTermDebt	350244000	USD
CY2018Q2	us-gaap	Management Fee Expense ManagementFeeExpense	754000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	1411000	USD
CY2019Q2	us-gaap	Management Fee Expense ManagementFeeExpense	974000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	1879000	USD
CY2018Q2	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	121000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	521000	USD
	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2018Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	4807000	USD
CY2019Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	11723000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	64322000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16560000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-54603000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4482000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4256000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	-1742000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2039000	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	173000	USD
	us-gaap	Net Income Loss NetIncomeLoss	279000	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
CY2019Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3000	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
CY2019Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-720000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1215000	USD
CY2018Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-4324000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7428000	USD
CY2019Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3947000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7064000	USD
CY2018Q2	us-gaap	Operating Expenses OperatingExpenses	8922000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	225000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	115000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	935000	USD
	us-gaap	Operating Expenses OperatingExpenses	15381000	USD
CY2019Q2	us-gaap	Operating Expenses OperatingExpenses	4241000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	4521000	USD
CY2019Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	8362000	USD
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	16192000	USD
CY2019Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	8332000	USD
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	16105000	USD
CY2018Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	232000	USD
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	169000	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	30000	USD
CY2019Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	198000	USD
CY2019Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	30000	USD
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	87000	USD
CY2019Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0420
CY2019Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y1M6D
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
CY2018Q2	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	6634000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	13328000	USD
CY2018Q4	us-gaap	Other Assets OtherAssets	5750000	USD
CY2019Q2	us-gaap	Other Assets OtherAssets	7010000	USD
CY2018Q2	us-gaap	Other General Expense OtherGeneralExpense	5140000	USD
	us-gaap	Other General Expense OtherGeneralExpense	7498000	USD
CY2019Q2	us-gaap	Other General Expense OtherGeneralExpense	0	USD
	us-gaap	Other General Expense OtherGeneralExpense	0	USD
CY2018Q4	us-gaap	Other Liabilities OtherLiabilities	9957000	USD
CY2019Q2	us-gaap	Other Liabilities OtherLiabilities	9386000	USD
CY2018Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	9000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	323000	USD
CY2019Q2	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	48000	USD
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	874000	USD
CY2018Q2	us-gaap	Other Operating Income OtherOperatingIncome	4760000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	7311000	USD
CY2019Q2	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	300000	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	1050000	USD
CY2018Q2	us-gaap	Payments For Rent PaymentsForRent	0	USD
	us-gaap	Payments For Rent PaymentsForRent	17000	USD
CY2019Q2	us-gaap	Payments For Rent PaymentsForRent	0	USD
	us-gaap	Payments For Rent PaymentsForRent	27000	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	166000	USD
	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	521000	USD
	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	3919000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	5036000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	48004000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	11356000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	5549000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	246000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	52000	USD
CY2018Q1	us-gaap	Preferred Stock Capital Shares Reserved For Future Issuance PreferredStockCapitalSharesReservedForFutureIssuance	6500000	shares
CY2018Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3000	USD
CY2019Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	893000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1494000	USD
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	28600000	USD
CY2019Q2	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	65900000	USD
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	1000	USD
CY2019Q2	us-gaap	Preferred Stock Value PreferredStockValue	3000	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	2733000	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	18072000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	25113000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	61394000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	9100000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	14900000	USD
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	132000	USD
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	-1852000	USD
	us-gaap	Profit Loss ProfitLoss	-2170000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	174000	USD
	us-gaap	Profit Loss ProfitLoss	282000	USD
CY2019Q2	us-gaap	Property Subject To Or Available For Operating Lease Number Of Units PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits	2	lease
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	31000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	24051000	USD
CY2019Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	28913000	USD
CY2018Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	563004000	USD
CY2019Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	616882000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	538953000	USD
CY2019Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	587969000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	15600000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	14900000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	3777000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	4247000	USD
CY2018Q2	us-gaap	Revenues Revenues	11394000	USD
	us-gaap	Revenues Revenues	20639000	USD
CY2019Q2	us-gaap	Revenues Revenues	8362000	USD
	us-gaap	Revenues Revenues	16192000	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	198000	USD
CY2018Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	335788000	USD
CY2019Q2	us-gaap	Secured Long Term Debt SecuredLongTermDebt	350144000	USD
CY2018Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28124000	USD
CY2019Q2	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28241000	USD
CY2019Q2	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	153000	USD
	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	166000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	176246000	USD
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	231354000	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
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	135151000	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
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	231354000	USD
CY2018Q4	us-gaap	Tenant Improvements TenantImprovements	2400000	USD
CY2019Q2	us-gaap	Tenant Improvements TenantImprovements	2200000	USD
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
CY2019Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	18641738	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	18336975	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;">On the accompanying Condensed Consolidated Statements of Operations for the </font><font style="font-family:inherit;font-size:10pt;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">June 30, 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>
	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
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0001495240-19-000014-index.html	Edgar Link	pending
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land-20190630.xml	Edgar Link	completed
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land-20190630_lab.xml	Edgar Link	unprocessable
land-20190630_pre.xml	Edgar Link	unprocessable
land_063019x10qdocument.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LAND
GLADSTONE LAND Corp Stock $land

2019 Q3 Form 10-Q Financial Statement

#000149524019000014 Filed on August 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2019 Q3 Form 10-Q Financial Statement

#000149524019000014 Filed on August 07, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land