Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 2019 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file numbe ...

Financial Data and Key Metrics Changes - Total assets increased by approximately $53 million, or 9%, primarily due to new acquisitions funded through equity issuances and fixed-rate borrowings [16] - Net income for the quarter was about $174,000, with a net loss to common shareholders of approximately $720,000, or $0.04 per common share [19] - Adjusted FFO decreased by about $127,000, or 5%, with AFFO per share decreasing to $0.125 from $0.133 in the prior quarter [19] - Rental income increased by about 6% compared to the prior quarter, primarily due to recent acquisitions [20] Business Line Data and Key Metrics Changes - The company acquired four new farms for about $46 million during the quarter, with a focus on crops such as pistachios, blueberries, cranberries, and olives [10] - The initial net yield on new farms is about 6%, with leases containing provisions for annual escalations and participation rents [12] - New leases executed or extended resulted in an increase in minimum fixed cash rent of about $294,000, or 21% over prior leases [12] Market Data and Key Metrics Changes - The company owns approximately 80,000 acres across 92 farms in 10 states, valued at about $735 million [9] - The farms are 100% occupied, with 64 different tenants, all unrelated to the company [10] - The NCREIF Farmland Index has shown an average annual return of 14.7% over the past 15 years, outperforming the S&P index [26] Company Strategy and Development Direction - The company focuses on farmland growing fresh produce, with over 85% of total revenue coming from crops found in grocery stores [24] - The strategy includes a strong emphasis on organic farming, with over 40% of fresh produce acreage being organic or in the process of becoming organic [24] - The company aims to continue increasing dividends at a rate that outpaces inflation, having raised dividends 15 times over the past 55 months [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding strong crop yields and participation rents in the upcoming months [9] - The company is comfortable with its loan-to-value ratio of about 49%, given the low risk associated with high-quality farmland [17] - Management noted that the demand for prime farmland remains strong and stable, particularly in California, Oregon, and Washington [26] Other Important Information - The company raised about $22 million through the sale of Series B preferred stock and $26 million of common stock [13] - The net asset value per share decreased to $11.61, down by $0.69 or 5.9% from the previous quarter, primarily due to decreases in longer-term market interest rates [22] - The company has about $45 million available in liquidity, translating to roughly $115 million in buying power for acquisitions [22] Q&A Session Summary Question: What crops were acquired in the $112 million of acquisitions? - The company acquired a mixture of crops, including a strawberry and vegetable farm, and is looking at both row crops and permanent plantings for future acquisitions [30][31] Question: How are farm prices trending compared to two years ago? - Generally, farm prices are seeing year-over-year increases, particularly in California and other key regions [36] Question: How are farmers' balance sheets faring today? - Farmers are generally doing well, continuing to sell their produce without significant issues, especially in organic farming [38] Question: What was the impact of debt fair value on NAV? - The bulk of the NAV decrease was attributed to debt fair value, accounting for approximately $0.39 or $0.40 of the decrease [42] Question: What are the expected expenses for generators in Q3? - Generators cost about $200,000 in Q2, with expectations for a significant reduction in Q3 expenses [44] Question: What is the limit for Series B preferred stock? - The maximum for Series B preferred stock is set at $150 million, with plans to reach that limit within the next year [46]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended JUNE 30, 2019 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in its ...

Gladstone Land Corporation (NASDAQ:LAND) Q1 2019 Earnings Conference Call May 8, 2019 8:30 AM ET Company Participants David Gladstone - Chairman, Chief Executive Officer and President Erich Hellmold - Associate General Counsel Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney John Massocca - Ladenburg Thalmann Operator Good day, ladies and gentlemen, and welcome to the Gladstone Land Corporation’s First Quarter Ended March 31, 2019 Earnings and Webcast Conference Ca ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended MARCH 31, 2019 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in it ...

Gladstone Land (NASDAQ:LAND) Q4 2018 Earnings Conference Call February 27, 2019 8:30 AM ET Company Participants David Gladstone - Chairman, Chief Executive Officer & President Michael LiCalsi - General Counsel & Secretary, President of Gladstone Administration Lewis Parrish - Chief Financial Officer & Assistant Treasurer Conference Call Participants Rob Stevenson - Janney Brandon Travis - Ladenburg Thalmann Operator Good day, ladies and gentlemen, and welcome to the Gladstone Land Corporation’s Fourth Quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in its cha ...