Gladstone Land Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	1,121	1,194	1,277	1,326	1,284	1,046
Cash & Equivalents	11.31	18.28	18.57	61.14	16.71	9.22
Investment In Debt and Equity Securities	47.2	5.66	-	-	-	-
Other Intangible Assets	3.67	4.09	5.36	9.82	4.51	3.89
Trading Asset Securities	5.05	7.63	7.37	9.01	-	-
Other Long-Term Assets	37.42	82.27	79.33	51.23	45.86	7.85
Total Assets	1,226	1,312	1,387	1,457	1,352	1,067
Current Portion of Long-Term Debt	2.74	-	-	-	1.04	1.5
Current Portion of Leases	0.04	0.06	-	-	-	-
Long-Term Debt	537.86	587.45	633.63	685.61	726.68	652.66
Long-Term Leases	0.74	0.44	0.57	0.62	0.66	0.13
Accounts Payable	10.03	18.4	10.3	16.27	10.87	9.08
Accrued Expenses	2.69	2.97	3.87	4.37	4.22	2.48
Other Long-Term Liabilities	9.88	15.69	19.34	19.03	19.01	17.65
Total Liabilities	563.98	625.01	667.71	725.89	762.48	683.5
Preferred Stock, Redeemable	0.02	0.02	0.02	0.02	0.01	0.01
Common Stock	0.04	0.04	0.04	0.04	0.03	0.03
Additional Paid-In Capital	855.15	854.06	856.21	836.67	668.28	440.47
Distributions in Excess of Earnings	-198.46	-174.56	-144.01	-114.37	-80.47	-55.21
Comprehensive Income & Other	5.05	7.63	7.37	9.01	-1.04	-1.5
Total Common Equity	661.78	687.17	719.6	731.35	586.81	383.78
Minority Interest	-	-	-	-	2.25	-
Shareholders' Equity	661.79	687.18	719.61	731.36	589.07	383.79
Total Liabilities & Equity	1,226	1,312	1,387	1,457	1,352	1,067
Total Debt	541.38	587.95	634.2	686.22	728.38	654.29
Net Cash (Debt)	-525.02	-562.04	-608.26	-616.08	-711.67	-645.07
Net Cash Per Share	-14.51	-15.65	-17.02	-17.82	-23.44	-28.98
Filing Date Shares Outstanding	37.27	36.18	35.84	35.71	34.21	26.74
Total Common Shares Outstanding	36.31	36.18	35.84	35.05	34.21	26.22
Book Value Per Share	18.23	18.99	20.08	20.87	17.15	14.64
Tangible Book Value	658.11	683.08	714.24	721.53	582.3	379.9
Tangible Book Value Per Share	18.13	18.88	19.93	20.59	17.02	14.49
Land	728.59	743.14	792.28	845.78	812.83	713.33

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.