Gladstone Land Corporation

Gladstone Land Corporation

LAND · NASDAQ · Real Estate / REIT - Specialty

6.88USD-0.14 (-1.99%)

Price History

Full chart

Market Stats

Previous Close7.02
Open7.08
Day Range6.59 – 7.08
52-Week Range7.84 – 12.54
Volume1.62M
Market Cap408.93M
P/E (TTM)0.00
Forward P/E185.19
EPS-0.72
Dividend Yield5.91%
Beta1.08
50-Day Avg8.88
200-Day Avg9.65

About

Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 142 farms, comprised of approximately 98,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Gladstone Land pays monthly distributions to its stockholders and has paid 162 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is 0.0467 dollar per month, or 0.5604 dollar per year. Gladstone Land Corporation was established in 1997 and was incorporated in Maryland.

Company Details

  • SectorReal Estate
  • IndustryREIT - Specialty
  • CEOMr. David John Gladstone
  • Employees0
  • Headquarters1521 Westbranch Drive, McLean, VA, United States, 22102-3211, USA
  • Websitehttps://www.gladstonefarms.com

Leadership

  • Mr. David John GladstoneFounder, Chairman, CEO & President · b. 1942
  • Mr. Lewis Parrish CPACFO & Assistant Treasurer · b. 1979
  • Mr. John SateriChief Investment Officer
  • Mr. Michael Bernard LiCalsi Esq., J.D.Chief Administrative Officer, Co-General Counsel & Co-Secretary · b. 1970
  • Mr. William ReimanExecutive Vice President of West Coast Operations · b. 1970
  • Ms. Jennifer A. SmithChief Valuation Officer
  • Ms. Paula NovaraHead of Resource Management & Director · b. 1970
  • Mr. Jay Beckhorn CPATreasurer · b. 1962
  • Mr. Erich HellmoldCo-General Counsel & Co-Secretary

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.42M2.96M3.39M4.04M7.18M11.90M17.32M25.12M36.69M40.69M57.03M75.32M89.24M90.40M85.22M88.34M
Growth (%)-+22.58%+14.39%+19.10%+77.93%+65.64%+45.50%+45.07%+46.04%+10.92%+40.15%+32.07%+18.48%+1.30%-5.73%+3.66%
Cost of Revenue7.52K61.58K89.37K119.46K434.51K729.04K669.95K1.17M2.04M2.47M1.85M2.54M2.82M4.20M5.33M93.39M
Gross Profit2.41M2.90M3.30M3.92M6.75M11.17M16.65M23.96M34.64M38.22M55.18M72.78M86.42M86.20M79.88M-5.05M
Gross Margin99.69%97.92%97.36%97.04%93.95%93.87%96.13%95.36%94.43%93.92%96.76%96.63%96.84%95.35%93.74%-5.72%
Operating Expense846.01K1.62M1.40M2.56M5.15M6.60M9.59M12.58M22.53M18.91M27.53M41.08M51.64M52.71M48.50M-29.04M
Operating Income1.56M1.28M1.90M1.36M1.60M4.57M7.06M11.38M12.11M19.31M27.65M31.70M34.77M33.48M31.38M23.99M
Operating Margin64.70%43.28%56.09%33.62%22.27%38.39%40.75%45.28%33.01%47.44%48.48%42.09%38.97%37.04%36.82%27.16%
EBITDA1.18M982.89K1.37M2.08M3.65M7.84M12.24M18.61M-21.55M30.88M42.28M55.70M65.91M75.48M70.29M71.12M
EBITDA Margin48.85%33.16%40.50%51.51%50.75%65.89%70.71%74.09%-58.75%75.89%74.13%73.96%73.86%83.50%82.48%80.51%
Net Income560.52K6.22K600.37K-1.22M-125.13K568.54K448.10K-31.00K2.63M1.74M4.93M3.50M4.71M14.56M13.29M13.53M
Net Income Margin23.18%0.21%17.71%-30.33%-1.74%4.78%2.59%-0.12%7.17%4.28%8.64%4.64%5.28%16.11%15.60%15.31%
R&D---0000.030.070.130.090.090.050.060.16--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense700.60K805.51K1.01M1.12M2.01M4.16M6.02M9.76M12.13M16.33M20.62M27.95M25.74M23.66M21.89M23.04M
Interest Expense % of Total Revenue28.97%27.18%29.70%27.70%27.96%34.96%34.74%38.86%33.06%40.13%36.16%37.11%28.84%26.18%25.68%26.08%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets29.03M32.77M40.50M93.67M151.70M229.74M333.99M462.28M565.12M816.79M1.07B1.35B1.46B1.39B1.31B1.24B
Total Liabilities20.49M25.23M32.36M45.16M91.73M151.73M246.21M344.33M384.07M537.82M683.50M762.48M725.89M667.71M625.01M568.89M
Total Equity8.55M7.54M8.14M48.51M59.97M78.01M76.69M117.95M181.05M278.97M383.79M589.07M731.36M719.61M687.18M670.29M
Cash1.97M2.00M873.47K16.27M2.62M2.53M2.44M2.94M14.73M13.69M9.22M16.71M61.14M18.57M18.27M27.18M
Total Debt19.76M24.13M30.82M43.15M86.42M142.73M207.35M328.89M364.01M510.29M652.65M726.68M685.61M574.11M527.52M537.91M
Net Debt17.78M22.13M29.94M26.88M83.80M140.20M204.91M298.06M321.16M468.24M614.84M651.27M565.36M555.54M509.25M510.73M

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow665.26K1.90M1.14M-460.35K3.54M4.75M8.40M6.51M10.41M21.37M25.00M32.38M43.79M40.08M29.55M6.99M
Investing Cash Flow-8.42M-4.75M-8.13M-38.73M-71.33M-78.48M-95.50M-129.65M-93.81M-262.65M-272.90M-295.00M-85.48M-3.77M63.31M84.07M
Financing Cash Flow7.92M2.89M5.86M54.59M54.14M73.63M87.00M123.63M95.19M240.24M243.43M270.11M86.13M-78.88M-93.15M-82.16M
Capital Expenditure000811.61K2.62M3.25M9.80M5.21M22.61M12.29M16.51M6.12M20.13M12.80M5.20M7.16M
Free Cash Flow665.26K1.90M1.14M-1.27M924.54K1.51M-1.39M1.30M-12.20M9.08M8.49M26.26M23.66M27.28M24.35M-168.00K
Dividends Paid-1.02M-9.73M2.46M4.06M4.96M6.37M8.65M14.11M21.02M29.17M36.96M45.09M44.34M44.47M
FCF to OCF100.00%100.00%100.00%276.30%26.09%31.70%-16.60%20.02%-117.19%42.49%33.97%81.10%54.04%68.05%82.41%-2.40%
Dividend Paid to FCF-53.61%--764.97%265.95%269.32%-355.22%488.42%-70.94%155.35%247.47%111.09%156.20%165.31%182.10%-26472.62%

Earnings

Report DateMar 28, 2013May 6, 2013Aug 7, 2013Oct 29, 2013Feb 24, 2014May 5, 2014Aug 4, 2014Oct 27, 2014Feb 24, 2015May 15, 2015Aug 4, 2015Nov 3, 2015Feb 23, 2016May 2, 2016Aug 2, 2016Nov 15, 2016Feb 21, 2017May 9, 2017Aug 8, 2017Nov 7, 2017Feb 20, 2018May 8, 2018Aug 8, 2018Nov 8, 2018Feb 26, 2019May 7, 2019Aug 7, 2019Nov 6, 2019Feb 19, 2020May 6, 2020Aug 5, 2020Nov 4, 2020Feb 24, 2021May 12, 2021Aug 10, 2021Nov 9, 2021Feb 22, 2022May 10, 2022Aug 9, 2022Nov 8, 2022Feb 21, 2023May 8, 2023Aug 7, 2023Nov 7, 2023Feb 20, 2024May 7, 2024Aug 8, 2024Nov 6, 2024Feb 18, 2025May 12, 2025Aug 7, 2025Nov 5, 2025Feb 24, 2026May 11, 2026Aug 11, 2026Nov 4, 2026
EPS Estimate-0.020.040.050.020.03-0.010.000.020.01-0.03-0.020.010.030.040.010.140.010.010.01-0.01-0.01-0.01-0.06-0.04-0.04-0.09-0.04-0.040.02-0.09-0.04-0.03-0.06-0.08-0.05-0.04-0.04-0.10-0.06-0.07-0.08-0.12-0.08-0.06-0.10-0.12-0.10-0.11-0.160.03-0.030.18-0.220.020.11
EPS Actual0.040.010.000.00-0.200.00-0.050.020.010.000.020.020.040.020.010.000.010.010.02-0.02-0.01-0.01-0.040.35-0.08-0.03-0.04-0.03-0.030.04-0.10-0.04-0.10-0.08-0.12-0.05-0.04-0.08-0.11-0.10-0.14-0.120.05-0.08-0.120.21-0.19-0.16-0.150.25-0.100.040.07-0.22-0.04-
Surprise--50.00%-88.50%-98.60%-1100.00%-89.33%-400.00%--50.00%-68.00%166.67%200.00%300.00%-33.33%-75.00%-70.00%-92.86%0.00%100.00%-300.00%0.00%0.00%-300.00%683.33%-100.00%25.00%55.56%25.00%25.00%100.00%-11.11%0.00%-233.33%-33.33%-50.00%0.00%0.00%-100.00%-10.00%-66.67%-100.00%-50.00%141.67%0.00%-100.00%310.00%-58.33%-60.00%-33.33%256.25%-433.33%233.33%-62.87%0.00%-300.00%-
Timing-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap408.93M
Enterprise Value874.59M
Trailing P/E0.00
Forward P/E185.19
PEG Ratio22.95
Price / Sales4.62
Price / Book0.61
EPS-0.72
Book Value15.60
Revenue (TTM)88.53M
Gross Profit (TTM)63.46M
EBITDA66.92M
Profit Margin-7.30%
Operating Margin-0.34%
Return on Equity-0.96%
Return on Assets1.11%
Shares Outstanding43.14M
Shares Float41.53M
Beta1.08
Dividend Yield5.91%
Dividend Rate0.56
Payout Ratio1111.80%

Analyst Ratings

Buy
Based on 7 analystsTarget 9.33
  • Strong Buy
    2
  • Hold
    5

Ownership Breakdown

Institutions
41.50%
Insiders
5.87%
Retail / Other
52.63%

Top Institutional Holders

  • BlackRock Inc
    3.04M7.05%
  • Vanguard Portfolio Management, LLC
    1.78M4.12%
  • Vanguard Capital Management, LLC
    1.53M3.56%
  • Geode Capital Management, LLC
    987.05K2.29%
  • Two Sigma Investments LLC
    772.45K1.79%
  • State Street Corp
    711.81K1.65%
  • Renaissance Technologies Corp
    506.38K1.17%
  • Charles Schwab Investment Management Inc
    357.58K0.83%
  • The Goldman Sachs Group Inc
    319.32K0.74%
  • Goss Wealth Management LLC
    312.71K0.72%
  • PFG Investments, LLC
    309.32K0.72%
  • Northern Trust Corp
    301.90K0.70%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    1.62M3.76%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.30M3.02%
  • iShares Russell 2000 ETF
    1.05M2.44%
  • Fidelity Small Cap Index
    462.41K1.07%
  • iShares Russell 2000 Value ETF
    378.74K0.88%
  • Schwab US REIT ETF™
    315.12K0.73%
  • Fidelity Extended Market Index
    288.03K0.67%
  • Vanguard Real Estate II Index
    287.08K0.67%

Dividends

202610×
0.05Oct 23, 20260.05Sep 21, 20260.05Aug 18, 20260.05Jul 24, 20260.05Jun 23, 20260.05May 20, 20260.05Apr 24, 20260.05Mar 23, 20260.05Feb 18, 20260.05Jan 23, 2026
202512×
0.05Dec 22, 20250.05Nov 17, 20250.05Oct 24, 20250.05Sep 22, 20250.05Aug 20, 20250.05Jul 21, 20250.05Jun 20, 20250.05May 21, 20250.05Apr 21, 20250.05Mar 19, 20250.05Feb 19, 20250.05Jan 24, 2025
20242×
0.05Dec 20, 20240.05Nov 20, 2024