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Gladstone Land CorporationGG

Gladstone Land Corporation

10.67USDR
−0.03−0.28%
At close at Mar 20, 23:57 GMT
USD
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Overview
Financials
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LAND fundamentals

Key facts

Market capitalization‪386.09 M‬USD
Dividend yield (indicated)5.23%
Price to earnings Ratio (TTM)—
Basic EPS (TTM)−0.29USD
Founded1997
Employees (FY)72
CEODavid J. Gladstone
Websitegladstonefarms.com
About

Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David John Gladstone on June 14, 1997 and is headquartered in McLean, VA.

Ownership
‪‪36.18 M‬‬
Free Float shares
‪‪33.64 M‬‬ (92.96%)
Closely held shares
‪‪2.55 M‬‬ (7.04%)
Free Float shares
‪‪33.64 M‬‬ (92.96%)
Closely held shares
‪‪2.55 M‬‬ (7.04%)
Capital structure
Market cap
‪‪386.09 M‬‬
Debt
‪‪531.91 M‬‬
Preferred stock
‪‪16.00 K‬‬
Cash & equivalents
‪‪18.27 M‬‬
Enterprise value
‪‪899.74 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪386.09 M‬‬
Price to earning ratio (P/E)
—
Price to sales ratio (P/S)
4.54x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
—
Price to sales ratio (P/S)
4.54x
Valuation ratios
‪0.00‬
‪1.50‬
‪3.00‬
‪4.50‬
‪6.00‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪70.00‬
‪140.00‬
‪210.00‬
‪280.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪−25%‬
‪0%‬
‪25%‬
‪50%‬
‪75%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−9.00 M‬‬
‪0.00‬
‪‪9.00 M‬‬
‪‪18.00 M‬‬
‪‪27.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Op expenses
Op income
Int expenses
Non-op income/expenses
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪6.00 M‬‬
‪‪12.00 M‬‬
‪‪18.00 M‬‬
‪‪24.00 M‬‬
Revenue
Op expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪6.00 M‬‬
‪‪12.00 M‬‬
‪‪18.00 M‬‬
‪‪24.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Fixed Lease Payments
Variable Lease Payments - Participation Rents
Variable Lease Payments - Tenant Reimbursements and Other
By country
Period: 2024
United States

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪6.00 M‬‬
‪‪12.00 M‬‬
‪‪18.00 M‬‬
‪‪24.00 M‬‬
Actual
Estimate
Earnings
Next:May 7, 2025
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪−0.22‬
‪−0.11‬
‪0.00‬
‪0.11‬
‪0.22‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
−192.60%
Payout ratio (TTM)
Dividend yield TTM
5.23%
Last payment
0.047
Last ex-date
Mar 19, 2025
Dividend history
‪1.5%‬
‪2.5%‬
‪3.5%‬
‪4.5%‬
‪5.5%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.15‬
‪0.30‬
‪0.45‬
‪0.60‬
Dividends per share (FY)
Dividend yield (FY) %