XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.22.2

REAL ESTATE AND INTANGIBLE ASSETS - Additional Information (Details) | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2022 USD ($) a property | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) a contract farm property | Jun. 30, 2021 USD ($) farm | Dec. 31, 2021 USD ($) property | Jun. 09, 2021 a
Real Estate Properties [Line Items] |  |  |  |  |  |
Depreciation expense | $ 8,100,000 | $ 6,000,000 | $ 16,200,000 | $ 11,600,000 |  |
Tenant improvements, net of depreciation | 2,500,000 |  | 2,500,000 |  | $ 2,500,000 |
Tenant improvements, depreciation and rental revenue | 103,000 | 97,000 | 207,000 | 194,000 |  |
Amortization expense related to intangible assets | 245,000 | 304,000 | 511,000 | 687,000 |  |
Amortization of acquired above market lease values and deferred revenue | 122,000 | 44,000 | 203,000 | 0 |  |
Total accretion related to below-market lease values and deferred revenue | 44,000 | 63,000 | 89,000 | 99,000 |  |
Net income (loss) | 0 | (11,000) | (29,000) | (24,000) |  |
Loss from investments in unconsolidated entities | 0 | (11,000) | (29,000) | (24,000) |  |
Lease revenue | $ 20,293,000 | 16,893,000 | $ 40,236,000 | 32,927,000 |  |
Number of impaired properties | property | 0 |  | 0 |  | 0 |
No. of Farms | farm |  |  | 165 |  |  |
Fresno LLC |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
LLC ownership |  |  | 50.00% |  |  |
Umatilla, OR |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
LLC ownership |  |  | 9.10% |  |  |
Fresno, California And Umatilla, Oregon |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
LLC ownership value | $ 3,100,000 |  | $ 3,100,000 |  | $ 3,100,000 |
Kern, CA |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
Number of contracts to purchase banked water | contract |  |  | 3 |  |  |
Area of water | a |  |  |  |  |  | 45,000
Finite-lived intangible assets |  |  | $ 2,800,000 |  |  |
Water assets, fair value | $ 34,000,000 |  | $ 34,000,000 |  |  |
California |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
Area of water | a | 45,000 |  | 45,000 |  |  |
Lease revenue |  |  | $ 26,800,000 |  |  |
Percent of rental revenue |  |  | 66.50% |  |  |
No. of Farms | farm |  |  | 63 |  |  |
Florida |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
Lease revenue |  |  | $ 7,200,000 |  |  |
Percent of rental revenue |  |  | 17.90% |  |  |
No. of Farms | farm |  |  | 26 |  |  |
2022 Acquisitions |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
Operating revenue | $ 71,000 |  | $ 71,000 |  |  |
Net income (loss) | $ 38,000 |  | $ 38,000 |  |  |
No. of Farms | farm |  |  | 1 |  |  |
2021 Acquisitions |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |
Operating revenue |  | 845,000 |  | 874,000 |  |
Net income (loss) |  | $ 402,000 |  | $ 398,000 |  |
No. of Farms | farm |  |  |  | 15 |  |

X
- Definition Amortization of Above Market Lease + References No definition available. + Details
Name: | land_AmortizationOfAboveMarketLease
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Area Of Water + References No definition available. + Details
Name: | land_AreaOfWater
Namespace Prefix: | land_
Data Type: | dtr-types:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition Asset Acquisition, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual + References No definition available. + Details
Name: | land_AssetAcquisitionProFormaInformationEarningsorLossofAcquireesinceAcquisitionDateActual
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Asset Acquisition, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual + References No definition available. + Details
Name: | land_AssetAcquisitionProFormaInformationRevenueofAcquireesinceAcquisitionDateActual
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of Contracts To Purchase Banked Water + References No definition available. + Details
Name: | land_NumberOfContractsToPurchaseBankedWater
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of real estate farms. + References No definition available. + Details
Name: | land_NumberOfRealEstateFarms
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of Impaired Properties + References No definition available. + Details
Name: | land_NumberofImpairedProperties
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of rental revenue. + References No definition available. + Details
Name: | land_PercentageOfRentalRevenue
Namespace Prefix: | land_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tenant Improvements, Depreciation and Rental Revenue + References No definition available. + Details
Name: | land_TenantImprovementsDepreciationandRentalRevenue
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Water Assets, Fair Value Disclosure + References No definition available. + Details
Name: | land_WaterAssetsFairValueDisclosure
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 + Details
Name: | us-gaap_AmortizationOfIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in acquired leases acquired as part of a real property acquisition at below market lease rate with a finite life. + References No definition available. + Details
Name: | us-gaap_BelowMarketLeasePeriodIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 + Details
Name: | us-gaap_Depreciation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_FinitelivedIntangibleAssetsAcquired1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage investment held by members or limited partners of limited liability company (LLC) or limited partnership (LP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 + Details
Name: | us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of ownership interest in a limited liability company (LLC), including portions attributable to both the parent and noncontrolling interests. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125520817&loc=d3e70191-108054 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123420820&loc=SL77919311-209978 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RealEstatePropertiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying amount as of the balance sheet date of improvements having a life longer than one year that were made for the benefit of one or more tenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(f)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_TenantImprovements
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | srt_OwnershipAxis=land_FresnoCaliforniaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=land_UmatillaOregonMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=land_FresnoCaliforniaAndUmatillaOregonMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=land_KernCaliforniaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_CA
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=stpr_FL
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=land_NewRealEstateActivity2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=land_NewRealEstateActivity2021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |