"Structures, transport, magnetic properties, and first principle calculation results will be reported for the two dimensional layered structured perovskite compounds Sr2-xNdxCoO4 (x = 0.5, 0.75, 1, 1.25). Structure refinement results revealed that these compounds crystallized in K2NiF4-type structures with space group I4/mmm. The temperature dependence of resistivity showed semiconductor like behavior for these samples. It was found that the lattice parameter c decreases as the doping level x increases. The compounds exhibited a paramagnetic to ferromagnetic transition at temperatures of about 170, 125 K for the x = 1 and 0.75 samples, respectively. The temperature dependence of resistivity for the samples can be well fitted by the 2D variable hoping (VRH) model rho = rho(o) exp(T-0/T)(1/3) (where rho(o) is a material specific characteristic conductance, with unit Omega(-1), T-0 is a material specific characteristic temperature in K) over the whole measured temperature range. First principles calculations indicated that the Nd doped Sr2CoO4 compounds show high spin polarization. (C) 2012 American Institute of Physics. [doi:10.1063/1.3672825]"