Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock

Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock

LANDP · NASDAQ · Real Estate / REIT - Specialty

19.00USD+0.07 (+0.40%)

Price History

Full chart

Market Stats

Previous Close18.93
Open18.92
Day Range18.84 – 19.02
52-Week Range17.34 – 21.24
Volume15.33K
Market Cap228.25M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.122
Dividend Yield7.58%
Beta1.08
50-Day Avg20.67
200-Day Avg20.14

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-----00.030.070.130.090.090.050.060.16--
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
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 Equity8.55M7.54M8.14M48.51M59.97M78.01M76.69M117.95M181.05M278.97M383.79M586.82M731.36M719.61M687.18M670.29M
Cash1.97M2.00M873.47K16.27M2.62M2.53M2.44M2.94M14.73M13.69M9.22M16.71M61.14M18.57M18.27M27.18M
Total Debt19.76M24.13M30.82M43.15M86.42M142.73M207.35M328.89M364.01M510.29M652.65M667.98M626.50M574.11M527.52M537.91M
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 Expenditure000811.61K2.62M3.25M85.40M125.12M71.20M249.86M16.51M6.12M20.13M12.80M5.20M7.16M
Free Cash Flow665.26K1.90M1.14M-1.27M924.54K1.51M-77.00M-118.60M-60.80M-228.49M8.49M26.26M23.66M27.28M24.35M-168.00K
Dividends Paid-1.02M-9.73M2.46M4.06M4.95M6.37M8.65M14.11M21.02M29.17M36.96M45.09M44.34M44.47M
FCF to OCF100.00%100.00%100.00%276.30%26.09%31.70%-916.40%-1820.43%-584.13%-1069.20%33.97%81.10%54.04%68.05%82.41%-2.40%
Dividend Paid to FCF-53.61%--764.97%265.95%269.32%-6.43%-5.37%-14.23%-6.17%247.47%111.09%156.20%165.31%182.10%-26472.62%

Earnings

Report DateMay 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 14, 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, 2020Feb 19, 2025May 12, 2025Aug 6, 2025
EPS Estimate0.040.040.050.020.030.010.000.02-0.010.000.000.010.030.030.000.00-0.010.020.010.00-0.010.00-0.04-0.02-0.02-0.04-0.04-0.050.03-0.070.000.00-
EPS Actual0.010.000.00-0.200.00-0.050.020.010.080.110.020.040.020.010.000.010.020.02-0.02-0.01-0.02-0.110.35-0.07-0.03-0.04-0.03-0.030.04-0.10-0.150.25-0.38
Surprise-75.00%-100.00%-100.00%-1100.00%-100.00%-600.00%--50.00%900.00%--300.00%-33.33%-66.67%--300.00%0.00%-300.00%--100.00%-975.00%-250.00%-50.00%0.00%25.00%40.00%33.33%-42.86%---
Timing------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--Pre-market

Key Statistics & Ratios

Market Cap228.25M
Enterprise Value1.31B
Trailing P/E0.00
Forward P/E0.00
PEG Ratio0.00
Price / Sales0.00
Price / Book0.00
EPS-0.122
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 Outstanding0
Shares Float41.53M
Beta1.08
Dividend Yield7.58%
Dividend Rate1.50
Payout Ratio0.00%

Dividends

202610×
0.13Oct 23, 20260.13Sep 21, 20260.13Aug 18, 20260.13Jul 24, 20260.13Jun 23, 20260.13May 20, 20260.13Apr 24, 20260.13Mar 23, 20260.13Feb 18, 20260.13Jan 23, 2026
202512×
0.13Dec 22, 20250.13Nov 17, 20250.13Oct 24, 20250.13Sep 22, 20250.13Aug 20, 20250.13Jul 21, 20250.13Jun 20, 20250.13May 21, 20250.13Apr 21, 20250.13Mar 19, 20250.13Feb 19, 20250.13Jan 24, 2025
20242×
0.13Dec 20, 20240.13Nov 20, 2024