Gladstone Land Corporation

Gladstone Land Corporation

7.81
EUR
+0.15
(+1.96%)
-0.15EPS
318.99MMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.65
1.05
1.38
1.73
2.08
2.37
2.08
2.56
2.48
2.58
2.53
2.37
2.42
2.33
Basic EPS, GAAP
-0.2
-0.02
0.07
0.04
- -
0.15
-0.13
-0.2
-0.29
-0.43
-0.27
-0.31
-0.29
-0.79
Free Cash Flow per Basic Share
-0.07
0.52
0.55
0.84
0.54
0.67
1.09
1.12
1.07
1.27
1.12
0.82
0.19
0.73
Dividend per Share
1.57
0.36
0.47
0.5
0.53
0.56
0.72
0.94
0.96
1.07
1.26
1.23
1.22
1.21
Book Value per Share
7.43
7.73
7.81
7.65
7.97
9.85
13.21
14.64
17.15
20.87
20.08
18.99
17.63
15.6
Tangible Book Value per Share
7.38
7.56
7.63
7.45
7.57
9.53
12.98
14.5
17.02
20.7
19.95
18.89
17.55
15.54
Basic Weighted Avg Shares
6
7
9
10
12
16
20
22
30
35
36
36
37
38
Sales/Revenue/Turnover
4
7
12
17
25
37
41
57
75
89
90
85
88
88
Operating Margin (%)
37.42
29.51
42.32
42.17
45.28
33.01
47.44
48.48
42.09
38.97
37.04
36.82
27.78
24.63
Depreciation Expense
1
2
3
5
7
9
13
17
27
35
37
35
35
36
Net Income, GAAP
-1
- -
1
- -
- -
3
2
5
3
5
15
13
14
-6
Effective Tax Rate (%)
515.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-30.33
-1.74
4.78
2.59
-0.12
7.17
4.28
8.64
4.64
5.28
16.11
15.6
15.31
-7.31
Working Capital
16
-4
-2
-18
-14
5
1
-2
2
40
58
40
4
-10
LT Debt
43
82
142
191
291
336
482
624
668
626
574
524
473
465
Total Equity
49
60
78
88
118
181
279
384
589
731
720
687
670
673
Return on Invested Capital (%)
-8.63
- -
2.5
2.74
- -
2.31
3.02
3.13
2.81
2.66
2.45
2.31
1.76
- -
Return on Capital (%)
-8.98
- -
2.58
2.5
- -
3.12
2.83
2.89
2.5
2.33
2.88
2.8
2.85
- -
Return on Common Equity (%)
-4.32
-0.23
0.82
0.58
-0.03
1.57
-1.1
-1.32
-1.8
-2.27
-1.35
-1.56
-1.54
-4.47

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
17
21
LT Borrowings
473
468
465
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
42
43
Market Capitalization
334
424
364

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
29
13
32
Cash, Cash Equivalents & STI
27
9
23
Accounts Receivable, Net
- -
- -
- -
Inventories
2
4
10
Total Current Liabilities
25
38
42
Payables & Accruals
25
21
21
ST Debt
- -
17
21
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.11%
13.81%
-2.46%
Free Cash Flow
19.05%
-9.27%
-76.33%
Net Income, GAAP
-835.16%
41.62%
1.8%
Sales/Revenue/Turnover
23.75%
9.96%
3.66%
Total Cash Common Dividend
18.38%
13.02%
1.86%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20
21
23
21
85
2025
17
12
18
41
88
2026
17
13
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
-0.19
-0.17
-0.16
-0.31
2025
0.25
-0.38
-0.11
-0.06
-0.29
2026
-0.24
-0.33
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.31
0.31
0.32
1.23
2025
0.31
0.31
0.31
0.35
1.22
2026
0.29
0.28
- -
- -
- -

Company Description

CEO
David J. Gladstone
Full Time Employees
75
Sector
Finance
Industry
Real estate investment trusts
Address
1521 Westbranch Drive McLean VA United States 22102-3211
IPO Date
Jan 28, 2013
Business
Gladstone Land Corporation (Nasdaq: LAND), founded in 1997 and headquartered in McLean, Virginia, operates as a real estate investment trust focused on acquiring and owning high-quality farmland and farm-related properties located across major agricultural markets in 15 U.S. states, including Arizona, California, Colorado, Delaware, Florida, Georgia, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Oregon, South Carolina, Texas and Washington; the company leases these assets on a triple-net basis to unrelated third-party tenants, including corporate and independent farmers, who cultivate over 60 crop types such as fresh produce annual row crops like berries and vegetables, permanent crops including almonds, apples, cherries, figs, lemons, olives, pistachios and other orchards, as well as blueberry groves and vineyards, while also owning over 55,000 acre-feet of water assets in California and select farm-related facilities encompassing cooling warehouses, packinghouses, processing centers and storage units. As of November 2025, Gladstone Land owns 148 farms comprising approximately 100,000 acres with a 95.7% occupancy rate based on farmable acreage, a weighted-average remaining lease term of 5.7 years and leases to 85 tenants. Recent strategic changes include selling nine farms in 2025—seven in Florida and two in Nebraska—for aggregate net proceeds of approximately $64.5 million yielding a $15.7 million net gain, repurchasing up to $55 million of its Series B and Series C preferred stock (LANDO and LANDP), modifying lease agreements on multiple properties to reduce fixed base rents in exchange for higher participation rents primarily recognizable in the fourth quarter, acquiring 1,530 acre-feet of water rights for about $583,000, executing new lease agreements boosting annual net operating income by roughly $166,000, refinancing debt including a new $10.6 million loan at 6.31%, and raising equity via its at-the-market program including 1.08 million shares for nearly $10 million.

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