Gladstone Land Corp

NASDAQ:LANDUnited States

Estimated NAV 914,286 Less: aggregate fair value of cumulative redeemable preferred stock(5) (356,302) ---------- Estimated NAV available to common stockholders and non-controlling OP Unitholders $ 557,984 ========== Total common shares and non-controlling OP Units outstanding 35,838,442 ---------- Estimated NAV per common share and non-controlling OP Unit $ 15.57 ========== (1) Consists of the initial acquisition price (including the costs allocated to both tangible and intangible assets acquired and liabilities assumed), plus subsequent improvements and other capitalized costs associated with the properties, and adjusted for accumulated depreciation and amortization. (2) As determined by the Company's valuation policy and approved by its board of directors. (3) Includes the principal balances outstanding of all long-term borrowings (consisting of notes and bonds payable) and the Series D Term Preferred Stock. (4) Long-term notes and bonds payable were valued using a discounted cash flow model. The Series D Term Preferred Stock was valued based on its closing stock price as of September 30, 2024. (5) The Series B Preferred Stock and Series C Preferred Stock were each valued based on their respective closing stock prices as of September 30, 2024, while the Series E Preferred Stock was valued at its liquidation value.

MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Capital Corporation (Nasdaq:LAND) announces the following event:
What: Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30, 2024 Earnings Call & Webcast When: Thursday, November 14, 2024 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6tr qFd How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Capital Corporation, (703) 287-5893