$LAND
GLADSTONE LAND Corp Stock $land

$land Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000149524020000011 Filed on August 05, 2020

Income Statement

Concept	2020 Q2	2019 Q2
Revenue	$12.64M	$8.362M
YoY Change	51.14%	-26.61%
Cost Of Revenue	$1.760M	$1.550M
YoY Change	13.55%	-69.84%
Gross Profit	$10.87M	$6.820M
YoY Change	59.38%	9.05%
Gross Profit Margin	86.01%	81.56%
Selling, General & Admin	$850.0K	$730.0K
YoY Change	16.44%	14.06%
% of Gross Profit	7.82%	10.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.843M	$2.936M
YoY Change	30.89%	30.95%
% of Gross Profit	35.35%	43.05%
Operating Expenses	$6.454M	$4.241M
YoY Change	52.18%	-52.47%
Operating Profit	$4.416M	$2.579M
YoY Change	71.23%	4.33%
Interest Expense	$4.990M	$3.543M
YoY Change	40.84%	25.86%
% of Operating Profit	113.0%	137.38%
Other Income/Expense, Net	-$6.002M	-$3.947M
YoY Change	52.06%	-8.72%
Pretax Income	$180.0K	$170.0K
YoY Change	5.88%	-109.19%
Income Tax
% Of Pretax Income
Net Earnings	$184.0K	$173.0K
YoY Change	6.36%	-109.93%
Net Earnings / Revenue	1.46%	2.07%
Basic Earnings Per Share	-$0.10
Diluted Earnings Per Share	-$0.10	$9.120K
COMMON SHARES
Basic Shares Outstanding	21.42M shares	18.46M shares
Diluted Shares Outstanding	21.42M shares

Balance Sheet

Concept	2020 Q2	2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$24.80M	$28.70M
YoY Change	-13.59%	1003.85%
Cash & Equivalents	$24.78M	$28.71M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$24.80M	$28.70M
YoY Change	-13.59%	1003.85%
LONG-TERM ASSETS
Property, Plant & Equipment	$820.8M	$588.2M
YoY Change	39.54%	26.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$600.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$831.9M	$600.0M
YoY Change	38.64%	26.96%
TOTAL ASSETS
Total Short-Term Assets	$24.80M	$28.70M
Total Long-Term Assets	$831.9M	$600.0M
Total Assets	$856.7M	$628.7M
YoY Change	36.26%	32.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.40M	$9.100M
YoY Change	36.26%	-9.0%
Accrued Expenses	$0.00	$200.0K
YoY Change	-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$14.10M	$9.700M
YoY Change	45.36%	-10.19%
LONG-TERM LIABILITIES
Long-Term Debt	$520.1M	$378.5M
YoY Change	37.41%	17.77%
Other Long-Term Liabilities	$16.10M	$9.200M
YoY Change	75.0%	16.46%
Total Long-Term Liabilities	$536.2M	$387.7M
YoY Change	38.3%	17.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.10M	$9.700M
Total Long-Term Liabilities	$536.2M	$387.7M
Total Liabilities	$550.3M	$397.4M
YoY Change	38.49%	16.85%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$352.7M	$263.3M
YoY Change	33.97%	69.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$305.2M	$231.4M
YoY Change
Total Liabilities & Shareholders Equity	$856.7M	$628.7M
YoY Change	36.26%	32.3%

Cashflow Statement

Concept	2020 Q2	2019 Q2
OPERATING ACTIVITIES
Net Income	$184.0K	$173.0K
YoY Change	6.36%	-109.93%
Depreciation, Depletion And Amortization	$3.843M	$2.936M
YoY Change	30.89%	30.95%
Cash From Operating Activities	$6.440M	$1.830M
YoY Change	251.91%	5.78%
INVESTING ACTIVITIES
Capital Expenditures	-$24.44M	-$48.18M
YoY Change	-49.27%	600.29%
Acquisitions
YoY Change
Other Investing Activities	-$490.0K	-$700.0K
YoY Change	-30.0%	89.19%
Cash From Investing Activities	-$24.93M	-$48.88M
YoY Change	-49.0%	574.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	13.03M	52.66M
YoY Change	-75.26%	871.59%
NET CHANGE
Cash From Operating Activities	6.440M	1.830M
Cash From Investing Activities	-24.93M	-48.88M
Cash From Financing Activities	13.03M	52.66M
Net Change In Cash	-5.460M	5.610M
YoY Change	-197.33%	-5710.0%
FREE CASH FLOW
Cash From Operating Activities	$6.440M	$1.830M
Capital Expenditures	-$24.44M	-$48.18M
Free Cash Flow	$30.88M	$50.01M
YoY Change	-38.25%	480.84%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
	dei	Entity Central Index Key EntityCentralIndexKey	0001495240
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2020-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-35795
	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE LAND CORP
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	54-1892552
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1521 Westbranch drive,
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 100
	dei	Entity Address City Or Town EntityAddressCityOrTown	McLean,
	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	22102
	dei	City Area Code CityAreaCode	703
	dei	Local Phone Number LocalPhoneNumber	287-5800
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
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	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	0	USD
	us-gaap	Profit Loss ProfitLoss	282000	USD
	land	Stockholders Equity Decreasefrom Distributions StockholdersEquityDecreasefromDistributions	4930000	USD
	land	Noncontrolling Interest Increase Decrease From Changes In Ownership Of Subsidiary NoncontrollingInterestIncreaseDecreaseFromChangesInOwnershipOfSubsidiary	0	USD
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	231354000	USD
	us-gaap	Profit Loss ProfitLoss	3283000	USD
	us-gaap	Profit Loss ProfitLoss	282000	USD
	land	Depreciation Depletionand Amortization Excluding Operating Lease Rightof Use Asset Amortization Expenseand Debt Issuance Costs DepreciationDepletionandAmortizationExcludingOperatingLeaseRightofUseAssetAmortizationExpenseandDebtIssuanceCosts	8100000	USD
	land	Depreciation Depletionand Amortization Excluding Operating Lease Rightof Use Asset Amortization Expenseand Debt Issuance Costs DepreciationDepletionandAmortizationExcludingOperatingLeaseRightofUseAssetAmortizationExpenseandDebtIssuanceCosts	5533000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	365000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	299000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-139000	USD
	land	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-157000	USD
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	-24000	USD
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	-29000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	26000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	0	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	12000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6000	USD
	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	-666000	USD
	us-gaap	Gain Loss On Disposition Of Real Estate Discontinued Operations GainLossOnDispositionOfRealEstateDiscontinuedOperations	-19000	USD
	land	Gain Loss On Business Interruption Insurance Recovery GainLossOnBusinessInterruptionInsuranceRecovery	-7000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1426000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-220000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-501000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1344000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-373000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-580000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9937000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4256000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	25134000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	48004000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	9427000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	5549000	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	166000	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	705000	USD
	us-gaap	Payments For Proceeds From Deposits On Real Estate Acquisitions PaymentsForProceedsFromDepositsOnRealEstateAcquisitions	1050000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-35100000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-54603000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	39563000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	61394000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	2917000	USD
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	4521000	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	309000	USD
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	166000	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	16300000	USD
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	18072000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	6588000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	4247000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	14900000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	14900000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	378000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	115000	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3625000	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	1165000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5724000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4878000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	68000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	52000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	36254000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	64322000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	11091000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	13975000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13688000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14730000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24779000	USD
CY2019Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	28705000	USD
CY2020Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2019Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	198000	USD
CY2020Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	0	USD
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	169000	USD
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	3785000	USD
	land	Additions To Real Estate Included In Accounts Payable And Accrued Expenses And Contingent Consideration Owed AdditionsToRealEstateIncludedInAccountsPayableAndAccruedExpensesAndContingentConsiderationOwed	2465000	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	0	USD
	land	Common Stock Offering And Operating Partnership Unit Issuance Costs Included In Accounts Payable And Accrued Expenses CommonStockOfferingAndOperatingPartnershipUnitIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses	99000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	95000	USD
	land	Financing Fees Included In Accounts Payable And Accrued Liabilities FinancingFeesIncludedInAccountsPayableAndAccruedLiabilities	20000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Noncontrolling Interest OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxNoncontrollingInterest	-1816000	USD
CY2020Q2	land	Farmable Area Of Land FarmableAreaOfLand	72290	acre
	us-gaap	Use Of Estimates UseOfEstimates	<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><span 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. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, including the impact of extraordinary events, such as the novel coronavirus (“COVID-19”) pandemic, the results of which form the basis for making certain judgments. Actual results may materially differ from these estimates.</span></div>
CY2020Q2	land	Numberof Impaired Properties NumberofImpairedProperties	0	property
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	115	farm
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	115	farm
CY2020Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	89128	acre
CY2020Q2	land	Sec Schedule Iii Real Estate Investment Property Including Intangible Assets Net SecScheduleIiiRealEstateInvestmentPropertyIncludingIntangibleAssetsNet	822523000	USD
CY2020Q2	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	494762000	USD
CY2020Q2	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	108779000	USD
CY2019Q4	land	Real Estate And Accumulated Depreciation Carrying Amount Of Horticulture RealEstateAndAccumulatedDepreciationCarryingAmountOfHorticulture	107941000	USD
CY2020Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	21250000	USD
CY2020Q2	us-gaap	Land And Land Improvements LandAndLandImprovements	609792000	USD
CY2019Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	583247000	USD
CY2020Q2	land	Irrigation Equipment System IrrigationEquipmentSystem	115293000	USD
CY2019Q4	land	Irrigation Equipment System IrrigationEquipmentSystem	108222000	USD
CY2019Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	20665000	USD
CY2020Q2	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	7215000	USD
CY2019Q4	land	Real Estate Other Site Improvements RealEstateOtherSiteImprovements	7180000	USD
CY2020Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	862329000	USD
CY2019Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	827255000	USD
CY2020Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	41566000	USD
CY2019Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	35174000	USD
CY2020Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	820763000	USD
CY2019Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	792081000	USD
CY2020Q2	us-gaap	Depreciation Depreciation	3500000	USD
	us-gaap	Depreciation Depreciation	7000000.0	USD
CY2019Q2	us-gaap	Depreciation Depreciation	2600000	USD
	us-gaap	Depreciation Depreciation	4900000	USD
CY2020Q2	us-gaap	Tenant Improvements TenantImprovements	2100000	USD
CY2019Q4	us-gaap	Tenant Improvements TenantImprovements	2200000	USD
CY2020Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	76000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	152000	USD
CY2019Q2	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	72000	USD
	land	Tenant Improvements Depreciationand Rental Revenue TenantImprovementsDepreciationandRentalRevenue	146000	USD
CY2020Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	321000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1100000	USD
CY2019Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	326000	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	650000	USD
CY2020Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	31000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	62000	USD
CY2019Q2	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	33000	USD
	land	Amortization Of Above Market Lease AmortizationOfAboveMarketLease	66000	USD
CY2020Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	25000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	50000	USD
CY2019Q2	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	39000	USD
	us-gaap	Below Market Lease Period Increase Decrease BelowMarketLeasePeriodIncreaseDecrease	77000	USD
CY2020Q2	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-8000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	26000	USD
CY2020Q2	us-gaap	Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest	613000	USD
CY2019Q4	us-gaap	Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest	587000	USD
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	115	farm
CY2020Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	89128	acre
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	27918000	USD
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1.000
	land	Number Of Real Estate Farms NumberOfRealEstateFarms	98	farm
CY2019Q2	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	75886	acre
	land	Percentage Of Area Of Land PercentageOfAreaOfLand	1.000
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	16192000	USD
	land	Percentage Of Rental Revenue PercentageOfRentalRevenue	1.000
	land	Numberof Tenants Lease Properties NumberofTenantsLeaseProperties	72	tenant
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	491638000	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	481929000	USD
	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
	land	Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875
	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.20
CY2020Q2	us-gaap	Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1 IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1	-169000	USD
	us-gaap	Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments1 IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1	-1426000	USD
	land	Numberof Executive Officers That Serve As Directors NumberofExecutiveOfficersThatServeAsDirectors	2	officer
	land	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1
	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
	land	Maximum Annual Percentage Of Stockholders Equity To Pay Full Pre Incentive Fee To Adviser MaximumAnnualPercentageOfStockholdersEquityToPayFullPreIncentiveFeeToAdviser	0.0875
	land	Percentageof Incentive Feeson Capital Gains PercentageofIncentiveFeesonCapitalGains	0.15
CY2017Q2	land	Notice Period For Termination Of Agreement Without Cause NoticePeriodForTerminationOfAgreementWithoutCause	P120D
CY2020Q2	us-gaap	Management Fee Expense ManagementFeeExpense	1047000	USD
CY2019Q2	us-gaap	Management Fee Expense ManagementFeeExpense	974000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	2081000	USD
	us-gaap	Management Fee Expense ManagementFeeExpense	1879000	USD
CY2020Q2	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
CY2019Q2	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	1334000	USD
	us-gaap	Incentive Fee Expense IncentiveFeeExpense	0	USD
CY2020Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	0	USD
CY2019Q2	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	974000	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	0	USD
	land	Credits To Fees From Adviser CreditsToFeesFromAdviser	1543000	USD
CY2020Q2	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	1047000	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	3415000	USD
	land	Related Party Transaction Net Incentive Fees Paid And Credits Received RelatedPartyTransactionNetIncentiveFeesPaidAndCreditsReceived	336000	USD
CY2020Q2	land	Administration Fee AdministrationFee	357000	USD
CY2019Q2	land	Administration Fee AdministrationFee	250000	USD
	land	Administration Fee AdministrationFee	740000	USD
	land	Administration Fee AdministrationFee	556000	USD
CY2020Q2	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	286000	USD
CY2019Q2	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	1659000	USD
	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	2770000	USD
	land	Selling Commissionsand Dealer Manager Fees SellingCommissionsandDealerManagerFees	3313000	USD
CY2020Q2	land	Financing Fee FinancingFee	28000	USD
CY2019Q2	land	Financing Fee FinancingFee	26000	USD
	land	Financing Fee FinancingFee	28000	USD
	land	Financing Fee FinancingFee	28000	USD
CY2020Q2	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	314000	USD
CY2019Q2	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	1685000	USD
	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	2798000	USD
	land	Management Feesand Financing Fees ManagementFeesandFinancingFees	3341000	USD
CY2020Q2	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	1047000	USD
CY2019Q4	land	Management Fee Due To Advisor ManagementFeeDueToAdvisor	881000	USD
CY2020Q2	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	0	USD
CY2019Q4	land	Incentive Feedueto Advisor IncentiveFeeduetoAdvisor	847000	USD
CY2020Q2	land	Other Due To Advisor OtherDueToAdvisor	3000	USD
CY2019Q4	land	Other Due To Advisor OtherDueToAdvisor	25000	USD
CY2020Q2	land	Due To From Adviser DueToFromAdviser	1050000	USD
CY2019Q4	land	Due To From Adviser DueToFromAdviser	1753000	USD
CY2020Q2	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	357000	USD
CY2019Q4	land	Administrative Fee Due To Administrator AdministrativeFeeDueToAdministrator	341000	USD
CY2020Q2	land	Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator	246000	USD
CY2019Q4	land	Cumulative Accruedbut Unpaid Priorto Administrative Fee Due To Administrator CumulativeAccruedbutUnpaidPriortoAdministrativeFeeDueToAdministrator	75000	USD
CY2020Q2	land	Fee Due To Administrator FeeDueToAdministrator	603000	USD
CY2019Q4	land	Fee Due To Administrator FeeDueToAdministrator	416000	USD
CY2020Q2	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1653000	USD
CY2019Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	2169000	USD
CY2020Q1	us-gaap	Preferred Stock Capital Shares Reserved For Future Issuance PreferredStockCapitalSharesReservedForFutureIssuance	26000000	shares
CY2020Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	91500000	shares
CY2020Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	65500000	shares
CY2019Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	30000	USD
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	3306000	USD
	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	87000	USD
CY2020Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	12638000	USD
CY2019Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	8362000	USD
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	27918000	USD
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	16192000	USD
CY2020Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	12350000	USD
CY2019Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	8332000	USD
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	24612000	USD
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	16105000	USD
CY2020Q2	us-gaap	Operating Lease Variable Lease Income OperatingLeaseVariableLeaseIncome	288000	USD
CY2020Q2	us-gaap	Payments For Rent PaymentsForRent	44000000	USD
	us-gaap	Payments For Rent PaymentsForRent	74000000	USD
CY2020Q2	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	244000000	USD
	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	422000000	USD
CY2019Q2	us-gaap	Payments For Rent PaymentsForRent	0	USD
	us-gaap	Payments For Rent PaymentsForRent	27000000	USD
CY2019Q2	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	30000000	USD
	land	Operating Lease Lease Reimbursements OperatingLeaseLeaseReimbursements	60000000	USD
	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	3000000.0	USD
CY2020Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2078000	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	-1144000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1215000	USD
CY2020Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	21418455	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	21340268	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	18336975	shares
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.10
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.07
CY2020Q2	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	224940	shares
	land	Weighted Average Number Of Operating Partnership Units Held By Noncontrolling Interest WeightedAverageNumberOfOperatingPartnershipUnitsHeldByNoncontrollingInterest	256621	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

Files In Submission

Name	View Source	Status
0001495240-20-000011-index-headers.html	Edgar Link	pending
0001495240-20-000011-index.html	Edgar Link	pending
0001495240-20-000011.txt	Edgar Link	pending
0001495240-20-000011-xbrl.zip	Edgar Link	pending
ex311063020.htm	Edgar Link	pending
ex312063020.htm	Edgar Link	pending
ex321063020.htm	Edgar Link	pending
ex322063020.htm	Edgar Link	pending
ex991063020.htm	Edgar Link	pending
ex992063020.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
land-20200630.xsd	Edgar Link	pending
land-20200630_cal.xml	Edgar Link	unprocessable
land-20200630_def.xml	Edgar Link	unprocessable
land-20200630_lab.xml	Edgar Link	unprocessable
land-20200630_pre.xml	Edgar Link	unprocessable
land0630202010qdocument.htm	Edgar Link	pending
land0630202010qdocument_htm.xml	Edgar Link	completed
MetaLinks.json	Edgar Link	pending
R1.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

2020 Q2 Form 10-Q Financial Statement

#000149524020000011 Filed on August 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND GLADSTONE LAND Corp Stock $land

2020 Q2 Form 10-Q Financial Statement

#000149524020000011 Filed on August 05, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAND
GLADSTONE LAND Corp Stock $land