$LAND
Gladstone Land Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-K Financial Statement

#000149524020000002 Filed on February 19, 2020

Income Statement

Concept	2020 Q1	2018 Q4	2018
Revenue	$15.28M	$8.031M	$36.69M
YoY Change	95.15%	17.89%	46.04%
Cost Of Revenue	$1.560M	$1.400M	$4.880M
YoY Change	-8.77%	38.61%	52.02%
Gross Profit	$13.73M	$6.630M	$31.81M
YoY Change	124.35%	14.31%	45.12%
Gross Profit Margin	89.86%	82.56%	86.71%
Selling, General & Admin	$2.270M	$590.0K	$3.650M
YoY Change	160.92%	-13.24%	13.0%
% of Gross Profit	16.53%	8.9%	11.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.257M	$2.570M	$9.375M
YoY Change	63.92%	21.23%	29.54%
% of Gross Profit	31.01%	38.76%	29.47%
Operating Expenses	$8.083M	$3.120M	$24.58M
YoY Change	75.53%	11.83%	78.78%
Operating Profit	$5.647M	$3.510M	$7.235M
YoY Change	272.74%	16.61%	-36.4%
Interest Expense	$4.963M	-$3.860M	$12.13M
YoY Change	43.73%	19.14%	24.26%
% of Operating Profit	87.89%	-109.97%	167.66%
Other Income/Expense, Net	-$4.096M	-$4.593M	-$9.346M
YoY Change	31.41%	45.26%	-18.09%
Pretax Income	$3.100M	-$1.080M	$2.770M
YoY Change	2718.18%	390.91%	-9333.33%
Income Tax
% Of Pretax Income
Net Earnings	$3.059M	-$1.015M	$2.629M
YoY Change	2813.33%	437.04%	-8580.65%
Net Earnings / Revenue	20.02%	-12.64%	7.17%
Basic Earnings Per Share
Diluted Earnings Per Share	$143.9K	-$61.32K	$169.7K
COMMON SHARES
Basic Shares Outstanding	21.35M shares	16.07M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q1	2018 Q4	2018
SHORT-TERM ASSETS
Cash & Short-Term Investments	$30.20M	$14.70M	$14.70M
YoY Change	30.74%	406.9%	406.9%
Cash & Equivalents	$30.23M	$14.73M	$14.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory		$0.00	$0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$30.20M	$14.70M	$14.70M
YoY Change	30.74%	234.09%	234.09%
LONG-TERM ASSETS
Property, Plant & Equipment	$799.6M	$539.0M	$539.0M
YoY Change	47.61%	19.91%	19.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$600.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$810.9M	$550.4M	$550.4M
YoY Change	46.68%	20.21%	20.2%
TOTAL ASSETS
Total Short-Term Assets	$30.20M	$14.70M	$14.70M
Total Long-Term Assets	$810.9M	$550.4M	$550.4M
Total Assets	$841.1M	$565.1M	$565.1M
YoY Change	46.04%	22.25%	22.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.700M	$9.200M	$9.200M
YoY Change	29.85%	24.32%	24.32%
Accrued Expenses	$100.0K
YoY Change	-50.0%
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	$11.70M	$10.10M	$10.10M
YoY Change	53.95%	21.69%	21.69%
LONG-TERM LIABILITIES
Long-Term Debt	$505.9M	$364.0M	$364.0M
YoY Change	39.71%	10.67%	10.67%
Other Long-Term Liabilities	$15.30M	$10.00M	$10.00M
YoY Change	33.04%	40.85%	40.85%
Total Long-Term Liabilities	$521.2M	$374.0M	$374.0M
YoY Change	39.51%	11.31%	11.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.70M	$10.10M	$10.10M
Total Long-Term Liabilities	$521.2M	$374.0M	$374.0M
Total Liabilities	$533.1M	$384.1M	$388.9M
YoY Change	39.85%	11.54%	10.36%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$348.0M	$202.1M
YoY Change	55.72%	55.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$305.7M	$176.2M	$176.2M
YoY Change
Total Liabilities & Shareholders Equity	$841.1M	$565.1M	$565.1M
YoY Change	46.04%	22.25%	22.24%

Cashflow Statement

Concept	2020 Q1	2018 Q4	2018
OPERATING ACTIVITIES
Net Income	$3.059M	-$1.015M	$2.629M
YoY Change	2813.33%	437.04%	-8580.65%
Depreciation, Depletion And Amortization	$4.257M	$2.570M	$9.375M
YoY Change	63.92%	21.23%	29.54%
Cash From Operating Activities	$3.496M	$2.370M	$10.41M
YoY Change	43.75%	-306.09%	59.75%
INVESTING ACTIVITIES
Capital Expenditures	-$10.12M	-$45.42M	-$94.04M
YoY Change	88.45%	426.3%	-29.32%
Acquisitions
YoY Change
Other Investing Activities	-$50.00K	$200.0K	$230.0K
YoY Change	-85.71%	-95.32%	-93.24%
Cash From Investing Activities	-$10.17M	-$45.22M	-$93.81M
YoY Change	77.86%	937.16%	-27.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$23.22M	54.65M	$95.19M
YoY Change	99.06%	1065.25%	-23.0%
NET CHANGE
Cash From Operating Activities	$3.496M	2.370M	$10.41M
Cash From Investing Activities	-$10.17M	-45.22M	-$93.81M
Cash From Financing Activities	$23.22M	54.65M	$95.19M
Net Change In Cash	$16.54M	11.80M	$11.79M
YoY Change	97.47%	-1539.02%	2258.4%
FREE CASH FLOW
Cash From Operating Activities	$3.496M	$2.370M	$10.41M
Capital Expenditures	-$10.12M	-$45.42M	-$94.04M
Free Cash Flow	$13.62M	$47.79M	$104.4M
YoY Change	74.52%	538.9%	-25.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019	dei	Amendment Flag AmendmentFlag	false
CY2019	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2019	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2019Q2	dei	Entity Public Float EntityPublicFloat	209700000	USD
CY2019	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND Corp
CY2019	dei	Entity Shell Company EntityShellCompany	false
CY2019	dei	Entity Small Business EntitySmallBusiness	true
CY2019	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2019	dei	Document Period End Date DocumentPeriodEndDate	2019-12-31
CY2019	dei	Document Type DocumentType	10-K
CY2019	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
CY2020Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	21346458	shares
CY2019	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2019	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value per share
CY2019	dei	Trading Symbol TradingSymbol	LAND
CY2018	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	2090000	USD
CY2019	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	1979000	USD
CY2018	land	Administration Fee AdministrationFee	1275000	USD
CY2019	land	Administration Fee AdministrationFee	1207000	USD
CY2018Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	340000	USD
CY2019Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	341000	USD
CY2018	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	13000	USD
CY2019	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	128000	USD
CY2018	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-398000	USD
CY2019	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-336000	USD
CY2019	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1
CY2019	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.2
CY2019	land	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.07
CY2018	land	Capital Gains Fee CapitalGainsFee	628000	USD
CY2019	land	Capital Gains Fee CapitalGainsFee	0	USD
CY2018Q4	land	Capital Gains Fee Dueto Advisor CapitalGainsFeeDuetoAdvisor	-150000	USD
CY2019Q4	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	158000	USD
CY2018	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	1014000	USD
CY2019	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	1543000	USD
CY2018Q4	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	44000	USD
CY2019Q4	land	Creditto Fees Dueto Advisor CredittoFeesDuetoAdvisor	0	USD
CY2018Q4	land	Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator	0	USD
CY2019Q4	land	Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator	75000	USD
CY2019	land	Debt Instrument Loans To Value Ratios Percentage DebtInstrumentLoansToValueRatiosPercentage	0.60
CY2018Q4	land	Due To From Adviser DueToFromAdviser	605000	USD
CY2019Q4	land	Due To From Adviser DueToFromAdviser	1753000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue EstimatedNetIncreaseDecreaseInRentalRevenue	559000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue Current EstimatedNetIncreaseDecreaseInRentalRevenueCurrent	137000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue In Five Years EstimatedNetIncreaseDecreaseInRentalRevenueInFiveYears	89000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue In Four Years EstimatedNetIncreaseDecreaseInRentalRevenueInFourYears	108000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue In Three Years EstimatedNetIncreaseDecreaseInRentalRevenueInThreeYears	115000	USD
CY2019	land	Financing Fee FinancingFee	235000	USD
CY2018	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	30000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue In Two Years EstimatedNetIncreaseDecreaseInRentalRevenueInTwoYears	113000	USD
CY2019	land	Estimated Net Increase Decrease In Rental Revenue Thereafter EstimatedNetIncreaseDecreaseInRentalRevenueThereafter	-3000	USD
CY2019Q4	land	Farmable Area Of Land FarmableAreaOfLand	69985	acre
CY2018Q4	land	Fee Due To Administrator FeeDueToAdministrator	340000	USD
CY2019Q4	land	Fee Due To Administrator FeeDueToAdministrator	416000	USD
CY2018	land	Finance Lease Cost FinanceLeaseCost	48000	USD
CY2019	land	Finance Lease Cost FinanceLeaseCost	50000	USD
CY2018	land	Financing Fee FinancingFee	83000	USD
CY2019	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	63000	USD
CY2018	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-194000	USD
CY2019	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	10000	USD
CY2019	land	Incentive Fee Per Advisory Agreement IncentiveFeePerAdvisoryAgreement	0.0175
CY2018Q4	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	0	USD
CY2019Q4	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	847000	USD
CY2019	land	Insurance Proceeds Capitalizedas Real Estate Additions InsuranceProceedsCapitalizedasRealEstateAdditions	84000	USD
CY2018Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	71583000	USD
CY2019Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	108222000	USD
CY2019	land	Lessee Operating Lease Numberof Contracts LesseeOperatingLeaseNumberofContracts	2	lease
CY2018	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	0	USD
CY2019	land	Loss On Disposal Of Real Estate Asset Included In Accounts Payable Accrued Expenses And Due To Related Parties LossOnDisposalOfRealEstateAssetIncludedInAccountsPayableAccruedExpensesAndDueToRelatedParties	122000	USD
CY2018Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	736000	USD
CY2019Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	881000	USD
CY2018	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	2407000	USD
CY2019	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	7880000	USD
CY2019	land	Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875
CY2018	land	Noncashor Part Noncash Acquisition Lender Holdbackon Loan Issuance NoncashorPartNoncashAcquisitionLenderHoldbackonLoanIssuance	0	USD
CY2019	land	Noncashor Part Noncash Acquisition Lender Holdbackon Loan Issuance NoncashorPartNoncashAcquisitionLenderHoldbackonLoanIssuance	498000	USD
CY2019	land	Noncashor Part Noncash Divestitures Noncontrolling Interestin Operating Partnerships NoncashorPartNoncashDivestituresNoncontrollingInterestinOperatingPartnerships	3290000	USD
CY2018	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
CY2019	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
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
CY2018	land	Number Of Real Estate Farms NumberOfRealEstateFarms	85	farm
CY2019	land	Number Of Real Estate Farms NumberOfRealEstateFarms	111	farm
CY2019	land	Numberof Executive Officers That Serve As Directors NumberofExecutiveOfficersThatServeAsDirectors	2	officer
CY2019Q4	land	Numberof Farms Terminated NumberofFarmsTerminated	1	farm
CY2017Q4	land	Numberof Impaired Properties NumberofImpairedProperties	0	property
CY2019Q4	land	Numberof Impaired Properties NumberofImpairedProperties	0	property
CY2019Q4	land	Numberof Industrial Generators NumberofIndustrialGenerators	5	generator
CY2018Q4	land	Numberof Overnight Public Offerings NumberofOvernightPublicOfferings	2	offering
CY2019Q4	land	Numberof Overnight Public Offerings NumberofOvernightPublicOfferings	1	offering
CY2019	land	Numberof Tenants Lease Properties NumberofTenantsLeaseProperties	72	tenant
CY2018	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	25589000	USD
CY2019	land	Operating Expenses Before Credit To Incentive Fee OperatingExpensesBeforeCreditToIncentiveFee	22929000	USD
CY2019	land	Operating Lease Lease Income Lease Payments Participation Rents OperatingLeaseLeaseIncomeLeasePaymentsParticipationRents	2326000	USD
CY2019	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	198000	USD
CY2019	land	Operating Lease Liability Incurred In Exchange For Right Of Use Asset OperatingLeaseLiabilityIncurredInExchangeForRightOfUseAsset	172000	USD
CY2018	land	Operating Leases Income Statement Fixed Lease Payments OperatingLeasesIncomeStatementFixedLeasePayments	28112000	USD
CY2018	land	Operating Leases Income Statement Variable Lease Payments OperatingLeasesIncomeStatementVariableLeasePayments	1250000	USD
CY2018	land	Operating Leases Rent Reimbursements OperatingLeasesRentReimbursements	40000	USD
CY2018Q4	land	Other Due To Advisor OtherDueToAdvisor	63000	USD
CY2019Q4	land	Other Due To Advisor OtherDueToAdvisor	25000	USD
CY2019	land	Partners Capital Account Units Issued PartnersCapitalAccountUnitsIssued	288303	USD
CY2019	land	Partners Capital Account Weighted Average Issuance Price PartnersCapitalAccountWeightedAverageIssuancePrice	11.41
CY2018	land	Paymentsto Unconsolidated Real Estate Entities PaymentstoUnconsolidatedRealEstateEntities	0	USD
CY2019	land	Paymentsto Unconsolidated Real Estate Entities PaymentstoUnconsolidatedRealEstateEntities	587000	USD
CY2018	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2019	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1
CY2019	land	Percentage Of Expected Annual Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedAnnualBaseManagementFeeToAggregateStockholdersEquity	0.02
CY2019	land	Percentage Of Expected Quarterly Base Management Fee To Aggregate Stockholders Equity PercentageOfExpectedQuarterlyBaseManagementFeeToAggregateStockholdersEquity	0.005
CY2018	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
CY2019	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1
CY2019	land	Percentageof Incentive Feeson Capital Gains PercentageofIncentiveFeesonCapitalGains	0.15
CY2019	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
CY2019Q4	land	Prepaid Equipment Costs PrepaidEquipmentCosts	1700000	USD
CY2018	land	Property Operating Expenses PropertyOperatingExpenses	2043000	USD
CY2019	land	Property Operating Expenses PropertyOperatingExpenses	2473000	USD
CY2018Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	48894000	USD
CY2019Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	107941000	USD
CY2019Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Land And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndImprovements	583247000	USD
CY2019Q4	land	Real Estate And Accumulated Depreciation Initial Cost Of Horticulture RealEstateAndAccumulatedDepreciationInitialCostOfHorticulture	104646000	USD
CY2019Q4	land	Real Estate And Accumulated Depreciation Initial Cost Of Land And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfLandAndImprovements	580740000	USD
CY2018Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	6707000	USD
CY2019Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	7180000	USD
CY2018	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	2451000	USD
CY2019	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	2927000	USD
CY2019Q4	land	Sec Schedule Iii Real Estateand Accumulated Depreciation Costs Capitalized Subsequentto Acquisition Horticulture SECScheduleIIIRealEstateandAccumulatedDepreciationCostsCapitalizedSubsequenttoAcquisitionHorticulture	3295000	USD
CY2019Q4	land	Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land Improvements And Adjustments SecScheduleIiiRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLandImprovementsAndAdjustments	2507000	USD
CY2019Q4	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	794769000	USD
CY2019Q4	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	794800000	USD
CY2018	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	2324000	USD
CY2019	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	7645000	USD
CY2018	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	8700000	USD
CY2019	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	10589000	USD
CY2018	land	Taxable Income From Taxable Reit Subsidiary TaxableIncomeFromTaxableREITSubsidiary	0	USD
CY2019	land	Taxable Income From Taxable Reit Subsidiary TaxableIncomeFromTaxableREITSubsidiary	0	USD
CY2018	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	334000	USD
CY2019	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	292000	USD
CY2019Q4	land	Variable Interest Entity Numberof Investments VariableInterestEntityNumberofInvestments	1	investment
CY2019	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P2Y1M6D
CY2018Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	202053000	USD
CY2018	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	809022	shares
CY2019	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	235613	shares
CY2019	land	Writeoffof Deferred Rent Assets WriteoffofDeferredRentAssets	105000	USD
CY2019	land	Writeoffof Deferred Rent Liabilities WriteoffofDeferredRentLiabilities	117000	USD
CY2019Q4	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	485049000	USD
CY2018Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	9152000	USD
CY2019Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	10132000	USD
CY2018Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	25826000	USD
CY2019Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	38785000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-390000	USD
CY2018	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P6Y
CY2019Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	315770000	USD
CY2019Q4	us-gaap	Agricultural Related Inventory AgriculturalRelatedInventory	0	USD
CY2018	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	582000	USD
CY2019	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	630000	USD
CY2018	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1100000	USD
CY2019	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1600000	USD
CY2018Q4	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	73205	acre
CY2019Q4	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	86535	acre
CY2018Q4	us-gaap	Assets Assets	565119000	USD
CY2019Q4	us-gaap	Assets Assets	816787000	USD
CY2018	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	77000	USD
CY2019	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	172000	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14730000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13688000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2938000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14730000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13688000	USD
CY2018	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	11792000	USD
CY2019	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1042000	USD
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2019Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2019Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	98000000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17891340	shares
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20936658	shares
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17891340	shares
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20936658	shares
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20936658	shares
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	18000	USD
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	21000	USD
CY2018	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2629000	USD
CY2019	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1351000	USD
CY2018	us-gaap	Depreciation Depreciation	8200000	USD
CY2019	us-gaap	Depreciation Depreciation	11200000	USD
CY2018	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	9375000	USD
CY2019	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12790000	USD
CY2018	us-gaap	Dividends Preferred Stock DividendsPreferredStock	379000	USD
CY2019	us-gaap	Dividends Preferred Stock DividendsPreferredStock	4240000	USD
CY2018Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	945000	USD
CY2019Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	2169000	USD
CY2018	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.15
CY2019	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.13
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	295000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1374000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	624000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	692000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	780000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1062000	USD
CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5686000	USD
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4827000	USD
CY2018	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	5532000	USD
CY2019	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	-328000	USD
CY2019	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	170000	USD
CY2018	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	5532000	USD
CY2019	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-328000	USD
CY2018	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1751000	USD
CY2019	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1989000	USD
CY2019	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0	USD
CY2018	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
CY2019	us-gaap	Incentive Fee Expense IncentiveFeeExpense	847000	USD
CY2018	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1942000	USD
CY2019	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1869000	USD
CY2018	us-gaap	Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1 IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1	0	USD
CY2019	us-gaap	Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1 IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1	-390000	USD
CY2018	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3151000	USD
CY2019	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	896000	USD
CY2018	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	3383000	USD
CY2019	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	5220000	USD
CY2018	us-gaap	Interest Expense InterestExpense	12130000	USD
CY2019	us-gaap	Interest Expense InterestExpense	16331000	USD
CY2018	us-gaap	Interest Expense Other InterestExpenseOther	1833000	USD
CY2019	us-gaap	Interest Expense Other InterestExpenseOther	1833000	USD
CY2018	us-gaap	Interest Paid Net InterestPaidNet	12335000	USD
CY2019	us-gaap	Interest Paid Net InterestPaidNet	15974000	USD
CY2018	us-gaap	Inventory Write Down InventoryWriteDown	1094000	USD
CY2018	us-gaap	Inventory Write Down InventoryWriteDown	1100000	USD
CY2019	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
CY2018Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	18510000	USD
CY2019Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	20665000	USD
CY2018Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	417310000	USD
CY2019Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	583247000	USD
CY2019	us-gaap	Lease Income LeaseIncome	40692000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	185000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	31000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	0	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	30000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	30000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	47000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	47000	USD
CY2019Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	13000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	324643000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	34080000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	39351000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	46483000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	125137000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	38793000	USD
CY2019Q4	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	40799000	USD
CY2018Q4	us-gaap	Liabilities Liabilities	384066000	USD
CY2019Q4	us-gaap	Liabilities Liabilities	537817000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	565119000	USD
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	816787000	USD
CY2019Q4	us-gaap	Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest	587000	USD
CY2018Q4	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2019Q4	us-gaap	Line Of Credit LineOfCredit	100000	USD
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	335888000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	481929000	USD
CY2018	us-gaap	Management Fee Expense ManagementFeeExpense	2837000	USD
CY2019	us-gaap	Management Fee Expense ManagementFeeExpense	3623000	USD
CY2019Q4	us-gaap	Mandatorily Redeemable Preferred Stock Fair Value Disclosure MandatorilyRedeemablePreferredStockFairValueDisclosure	3290000	USD
CY2018	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	523000	USD
CY2019	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
CY2018Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	4807000	USD
CY2019Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	2349000	USD
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	95193000	USD
CY2019	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	240238000	USD
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-93809000	USD
CY2019	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-262650000	USD
CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	10408000	USD
CY2019	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	21370000	USD
CY2018	us-gaap	Net Income Loss NetIncomeLoss	2629000	USD
CY2019	us-gaap	Net Income Loss NetIncomeLoss	1741000	USD
CY2018	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	137000	USD
CY2019	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	21000	USD
CY2018	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2250000	USD
CY2019	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2499000	USD
CY2018	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9346000	USD
CY2019	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17544000	USD
CY2019	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2019	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	segment
CY2018	us-gaap	Operating Expenses OperatingExpenses	24575000	USD
CY2019	us-gaap	Operating Expenses OperatingExpenses	21386000	USD
CY2019	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	40692000	USD
CY2019	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	38168000	USD
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	172000	USD
CY2019	us-gaap	Operating Lease Payments OperatingLeasePayments	6000	USD
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	178000	USD
CY2019	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	2524000	USD
CY2019Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0420
CY2019Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y7M6D
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	232000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	47000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	30000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	30000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	47000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	47000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	31000	USD
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
CY2018	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	29362000	USD
CY2018Q4	us-gaap	Other Assets OtherAssets	5750000	USD
CY2019Q4	us-gaap	Other Assets OtherAssets	6191000	USD
CY2018	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest	0	USD
CY2019	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest	-390000	USD
CY2019	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-390000	USD
CY2018	us-gaap	Other General Expense OtherGeneralExpense	7680000	USD
CY2019	us-gaap	Other General Expense OtherGeneralExpense	0	USD
CY2018Q4	us-gaap	Other Liabilities OtherLiabilities	9957000	USD
CY2019Q4	us-gaap	Other Liabilities OtherLiabilities	15228000	USD
CY2018	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	373000	USD
CY2019	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	938000	USD
CY2018	us-gaap	Other Operating Income OtherOperatingIncome	7325000	USD
CY2019	us-gaap	Other Operating Income OtherOperatingIncome	0	USD
CY2018	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	-100000	USD
CY2019	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	-150000	USD
CY2018	us-gaap	Payments For Rent PaymentsForRent	1200000	USD
CY2019	us-gaap	Payments For Rent PaymentsForRent	2300000	USD
CY2018	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	0	USD
CY2019	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	340000	USD
CY2018	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	523000	USD
CY2019	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	0	USD
CY2018	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	8274000	USD
CY2019	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	10460000	USD
CY2018	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	379000	USD
CY2019	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3646000	USD
CY2018	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	675000	USD
CY2019	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1181000	USD
CY2018	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	4186000	USD
CY2019	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	9186000	USD
CY2018	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	71436000	USD
CY2019	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	250007000	USD
CY2018	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	22605000	USD
CY2019	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	12290000	USD
CY2018	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	426000	USD
CY2019	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	129000	USD
CY2018	us-gaap	Percentage Rent PercentageRent	1210000	USD
CY2018Q1	us-gaap	Preferred Stock Capital Shares Reserved For Future Issuance PreferredStockCapitalSharesReservedForFutureIssuance	6500000	shares
CY2018	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	379000	USD
CY2019	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4240000	USD
CY2018Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	28609825	USD
CY2019Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	118900000	USD
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	1000	USD
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	5000	USD
CY2018	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	68594000	USD
CY2019	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	155659000	USD
CY2018	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	74417000	USD
CY2019	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	118357000	USD
CY2018	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	29900000	USD
CY2019	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	45600000	USD
CY2018	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	0	USD
CY2019	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	0	USD
CY2018	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	132000	USD
CY2019	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	0	USD
CY2018	us-gaap	Profit Loss ProfitLoss	2766000	USD
CY2019	us-gaap	Profit Loss ProfitLoss	1762000	USD
CY2018	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	153000	USD
CY2019	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	13000	USD
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	16657000	USD
CY2018Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	24051000	USD
CY2019Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	35174000	USD
CY2018	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	836000	USD
CY2019	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	107000	USD
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	136067000	USD
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	87466000	USD
CY2018	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	15621000	USD
CY2019	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	0	USD
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	466143000	USD
CY2018Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	563004000	USD
CY2019Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	827255000	USD
CY2018	us-gaap	Real Estate Improvements RealEstateImprovements	21811000	USD
CY2019	us-gaap	Real Estate Improvements RealEstateImprovements	11434000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	24051000	USD
CY2019Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	35174000	USD
CY2018Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	563004000	USD
CY2019Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	827255000	USD
CY2018Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	538953000	USD
CY2019Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	792081000	USD
CY2018	us-gaap	Real Estate Other Acquisitions RealEstateOtherAcquisitions	90671000	USD
CY2019	us-gaap	Real Estate Other Acquisitions RealEstateOtherAcquisitions	252817000	USD
CY2018	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	39800000	USD
CY2019	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	45600000	USD
CY2018	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	23455000	USD
CY2019	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	8836000	USD
CY2018Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2018	us-gaap	Revenues Revenues	36687000	USD
CY2019	us-gaap	Revenues Revenues	40692000	USD
CY2019	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	178000	USD
CY2018	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	8230000	USD
CY2019	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	11230000	USD
CY2019Q4	us-gaap	Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements	48601000	USD
CY2018Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	335788000	USD
CY2019Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	481829000	USD
CY2018Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28124000	USD
CY2019Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount SharesSubjectToMandatoryRedemptionSettlementTermsAmount	28359000	USD
CY2019	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	3275000	USD
CY2019	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	340000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	176246000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	276621000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	117951000	USD
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	181053000	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	278970000	USD
CY2018Q4	us-gaap	Tenant Improvements TenantImprovements	2400000	USD
CY2019Q4	us-gaap	Tenant Improvements TenantImprovements	2200000	USD
CY2018	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	15503341	shares
CY2019	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	19602533	shares
CY2019	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;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On the accompanying Consolidated Statements of Operations and Comprehensive Income for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 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. These reclassifications had no impact on previously-reported net income, equity, or net change in cash and cash equivalents.</font></div></div>
CY2019	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 U.S. generally-accepted accounting principles (“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
0001495240-20-000002-index-headers.html	Edgar Link	pending
0001495240-20-000002-index.html	Edgar Link	pending
0001495240-20-000002.txt	Edgar Link	pending
0001495240-20-000002-xbrl.zip	Edgar Link	pending
a1035landgmc4tharinvestmenta.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
land-20191231.xml	Edgar Link	completed
land-20191231.xsd	Edgar Link	pending
land-20191231_cal.xml	Edgar Link	unprocessable
land-20191231_def.xml	Edgar Link	unprocessable
land-20191231_lab.xml	Edgar Link	unprocessable
land-20191231_pre.xml	Edgar Link	unprocessable
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$LAND
Gladstone Land Corp Stock $land

2020 Q1 Form 10-K Financial Statement

#000149524020000002 Filed on February 19, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND Gladstone Land Corp Stock $land

2020 Q1 Form 10-K Financial Statement

#000149524020000002 Filed on February 19, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
Gladstone Land Corp Stock $land