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Gladstone Land (LANDM) Financials

Gladstone Land logo
$24.69 +0.03 (+0.12%)
Closing price 05/23/2025 03:46 PM Eastern
Extended Trading
$24.68 -0.01 (-0.04%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Gladstone Land

Annual Income Statements for Gladstone Land

This table shows Gladstone Land's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 -10 -9.85 -15
Consolidated Net Income / (Loss)		 13 15 4.72
Net Income / (Loss) Continuing Operations		 16 18 8.66
Total Pre-Tax Income 		16 18 8.66
Total Revenue		 67 70 67
Net Interest Income / (Expense)		 -22 -24 -26
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 22 24 26
Long-Term Debt Interest Expense		 22 24 26
Total Non-Interest Income		 89 94 93
Other Service Charges		 3.83 3.71 3.44
Other Non-Interest Income		 85 90 89
Total Non-Interest Expense		 50 52 58
Net Occupancy & Equipment Expense		 5.33 4.20 2.82
Insurance Policy Acquisition Costs		 0.11 1.77 3.23
Other Operating Expenses		 7.56 8.57 17
Depreciation Expense		 35 37 35
Impairment Charge		 2.11 0.00 0.00
Nonoperating Income / (Expense), net		 -0.28 -1.02 -0.06
Other Adjustments to Consolidated Net Income / (Loss)		 -3.02 -3.02 -3.02
Preferred Stock Dividends Declared		 24 24 20
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 0.01
Basic Earnings per Share		 ($0.29) ($0.28) ($0.43)
Weighted Average Basic Shares Outstanding		 35.91M 35.73M 34.56M
Diluted Earnings per Share		 ($0.29) ($0.28) ($0.43)
Weighted Average Diluted Shares Outstanding		 35.91M 35.73M 34.56M
Weighted Average Basic & Diluted Shares Outstanding		 36.18M 35.84M 35.71M

Quarterly Income Statements for Gladstone Land

This table shows Gladstone Land's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -5.46 -5.79 -6.65 7.45 -4.30 -2.96 1.73 -4.32 -4.81 -3.59
Consolidated Net Income / (Loss)		 0.54 0.01 -0.82 14 1.82 3.14 7.86 1.75 1.11 1.81
Net Income / (Loss) Continuing Operations		 1.33 0.62 -0.10 14 2.55 3.92 8.64 2.53 -2.06 3.44
Total Pre-Tax Income 		1.33 0.62 -0.10 14 2.55 3.92 8.64 2.53 -2.06 3.44
Total Revenue		 4.70 18 22 23 13 18 16 24 2.19 24
Net Interest Income / (Expense)		 -16 -5.40 0.00 0.00 -12 -5.86 -5.94 0.00 -26 0.00
Total Interest Expense		 16 5.40 0.00 0.00 12 5.86 5.94 0.00 26 0.00
Total Non-Interest Income		 21 23 22 23 25 24 22 24 28 24
Other Service Charges		 0.08 0.37 0.52 2.85 0.35 0.38 0.36 2.62 - 0.24
Other Non-Interest Income		 21 23 21 20 24 24 21 21 25 24
Total Non-Interest Expense		 17 17 13 2.72 16 14 6.99 14 23 15
Net Occupancy & Equipment Expense		 1.86 1.38 1.22 0.88 1.46 0.73 0.89 1.13 0.72 0.71
Other Operating Expenses		 6.84 4.24 3.43 -6.95 4.15 3.38 -2.94 3.99 11 4.18
Depreciation Expense		 8.65 8.81 8.81 8.79 9.75 9.24 9.04 9.12 9.48 9.15
Nonoperating Income / (Expense), net		 14 -0.28 -8.43 -5.56 6.04 0.00 0.00 -7.05 18 -6.48
Preferred Stock Dividends Declared		 5.25 5.79 6.59 6.12 6.11 6.11 6.13 6.07 5.92 5.40
Basic Earnings per Share		 ($0.15) ($0.16) ($0.19) $0.21 ($0.13) ($0.08) $0.05 ($0.12) ($0.14) ($0.10)
Weighted Average Basic Shares Outstanding		 35.91M 35.84M 35.84M 35.84M 35.73M 35.82M 35.72M 35.55M 34.56M 34.61M
Diluted Earnings per Share		 ($0.15) ($0.16) ($0.19) $0.21 ($0.13) ($0.08) $0.05 ($0.12) ($0.14) ($0.10)
Weighted Average Diluted Shares Outstanding		 35.91M 35.84M 35.84M 35.84M 35.73M 35.82M 35.72M 35.55M 34.56M 34.61M
Weighted Average Basic & Diluted Shares Outstanding		 36.18M 36.18M 35.84M 35.84M 35.84M 35.84M 35.84M 35.71M 35.71M 34.70M

Annual Cash Flow Statements for Gladstone Land

This table details how cash moves in and out of Gladstone Land's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -0.30 -43 44
Net Cash From Operating Activities		 30 40 44
Net Cash From Continuing Operating Activities		 30 40 44
Net Income / (Loss) Continuing Operations		 13 15 4.72
Consolidated Net Income / (Loss)		 13 15 4.72
Provision For Loan Losses		 0.37 0.15 0.08
Depreciation Expense		 35 37 35
Amortization Expense		 3.05 1.60 0.60
Non-Cash Adjustments to Reconcile Net Income		 -3.38 -4.04 4.78
Changes in Operating Assets and Liabilities, net		 -19 -9.35 -1.76
Net Cash From Investing Activities		 63 -3.77 -85
Net Cash From Continuing Investing Activities		 63 -3.77 -85
Acquisitions		 0.00 0.00 -0.55
Purchase of Investment Securities		 -5.20 -13 -82
Sale and/or Maturity of Investments		 69 9.04 0.00
Other Investing Activities, net		 0.00 0.00 -2.75
Net Cash From Financing Activities		 -93 -79 86
Net Cash From Continuing Financing Activities		 -93 -79 86
Issuance of Debt		 3.40 0.20 9.93
Repayment of Debt		 -51 -53 -52
Repurchase of Preferred Equity		 -6.63 -1.19 -0.90
Payment of Dividends		 -44 -45 -37
Other Financing Activities, Net		 4.94 20 166
Cash Interest Paid		 24 26 25

Quarterly Cash Flow Statements for Gladstone Land

This table details how cash moves in and out of Gladstone Land's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 5.06 -37 -1.80 33 -6.51 -23 9.48 -22 24 -11
Net Cash From Operating Activities		 12 -1.37 16 3.42 17 0.08 18 4.71 21 3.72
Net Cash From Continuing Operating Activities		 12 -1.37 16 3.42 17 0.08 18 4.71 21 3.72
Net Income / (Loss) Continuing Operations		 0.54 0.01 -0.82 14 1.82 3.14 7.86 1.75 1.11 1.81
Consolidated Net Income / (Loss)		 0.54 0.01 -0.82 14 1.82 3.14 7.86 1.75 1.11 1.81
Provision For Loan Losses		 0.08 0.07 0.21 0.01 0.08 0.01 0.03 0.03 0.02 0.00
Depreciation Expense		 8.65 8.81 8.81 8.79 9.75 9.24 9.04 9.12 9.48 9.15
Amortization Expense		 2.42 -0.35 0.21 0.76 0.76 0.33 0.28 0.23 -0.10 0.25
Non-Cash Adjustments to Reconcile Net Income		 0.73 3.14 2.94 -10 0.77 -0.02 -6.34 1.55 1.87 1.60
Changes in Operating Assets and Liabilities, net		 -0.84 -13 4.56 -9.52 4.24 -13 7.00 -7.96 8.34 -9.08
Net Cash From Investing Activities		 3.27 -1.64 -0.84 63 -2.68 -4.19 6.12 -3.02 -6.86 -43
Net Cash From Continuing Investing Activities		 3.27 -1.64 -0.84 63 -2.68 -4.19 6.12 -3.02 -6.86 -43
Purchase of Investment Securities		 -1.24 -1.64 -0.84 -1.48 -2.83 -4.29 -2.82 -2.87 -7.01 -41
Sale and/or Maturity of Investments		 4.51 - - 64 - - 9.04 0.00 - -
Net Cash From Financing Activities		 -9.79 -34 -17 -33 -21 -19 -15 -24 10 28
Net Cash From Continuing Financing Activities		 -9.79 -34 -17 -33 -21 -19 -15 -24 10 28
Repayment of Debt		 -6.75 -19 -2.88 -22 -10 -9.67 -5.42 -28 -13 -22
Repurchase of Preferred Equity		 0.00 -3.74 -2.90 0.00 0.00 -0.02 -0.95 -0.23 -0.37 -0.42
Payment of Dividends		 -11 -11 -11 -11 -11 -12 -11 -11 -10 -9.59
Other Financing Activities, Net		 4.63 0.36 -0.29 0.23 0.11 21 -15 14 34 146

Annual Balance Sheets for Gladstone Land

This table presents Gladstone Land's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 1,312 1,387 1,457
Cash and Due from Banks		 18 19 61
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 1,157 1,242 1,325
Intangible Assets		 3.59 4.78 5.70
Other Assets		 133 122 65
Total Liabilities & Shareholders' Equity		 1,312 1,387 1,457
Total Liabilities		 625 668 726
Short-Term Debt		 3.60 0.20 0.10
Other Short-Term Payables		 18 10 -
Long-Term Debt		 524 574 626
Other Long-Term Liabilities		 79 83 99
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 687 720 731
Total Preferred & Common Equity		 687 720 731
Preferred Stock		 0.02 0.02 0.02
Total Common Equity		 687 720 731
Common Stock		 854 856 837
Accumulated Other Comprehensive Income / (Loss)		 7.63 7.37 9.01
Other Equity Adjustments		 -175 -144 -114
Noncontrolling Interest		 0.00 0.00 0.00

Quarterly Balance Sheets for Gladstone Land

This table presents Gladstone Land's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 1,318 1,353 1,364 1,406 1,429 1,426 1,438
Cash and Due from Banks		 13 50 52 25 48 39 37
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,215 1,225 1,235 1,304 1,309 1,316 1,329
Intangible Assets		 3.94 4.26 4.55 5.02 5.26 5.52 5.95
Other Assets		 86 73 73 72 66 66 66
Total Liabilities & Shareholders' Equity		 1,318 1,353 1,364 1,406 1,429 1,426 1,438
Total Liabilities		 627 644 640 675 694 692 731
Short-Term Debt		 0.20 0.20 0.20 0.10 0.10 0.10 0.10
Other Short-Term Payables		 19 11 - - - 3.03 3.25
Long-Term Debt		 530 549 552 584 594 599 640
Other Long-Term Liabilities		 77 83 88 90 100 89 88
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 691 708 723 731 735 735 707
Total Preferred & Common Equity		 691 708 723 731 735 735 707
Preferred Stock		 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Total Common Equity		 691 708 723 731 735 735 707
Common Stock		 849 853 856 856 853 851 803
Accumulated Other Comprehensive Income / (Loss)		 5.78 8.34 8.37 10 8.71 7.36 9.46
Other Equity Adjustments		 -164 -153 -142 -135 -127 -124 -105
Noncontrolling Interest		 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Gladstone Land

This table displays calculated financial ratios and metrics derived from Gladstone Land's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 -5.20% 5.12% -13.75%
EBITDA Growth		 -4.83% 28.49% -24.56%
EBIT Growth		 -11.34% 114.05% -72.29%
NOPAT Growth		 -11.34% 114.05% -72.29%
Net Income Growth		 -8.75% 208.84% 34.21%
EPS Growth		 -3.57% 34.88% -48.28%
Operating Cash Flow Growth		 -26.28% -8.47% 35.24%
Free Cash Flow Firm Growth		 15.42% 189.90% 57.21%
Invested Capital Growth		 -6.11% -4.72% 8.02%
Revenue Q/Q Growth		 -32.30% -17.65% -25.45%
EBITDA Q/Q Growth		 -37.13% -11.82% -40.44%
EBIT Q/Q Growth		 -66.49% -32.12% -78.46%
NOPAT Q/Q Growth		 -66.49% -32.12% -80.38%
Net Income Q/Q Growth		 -8.78% 5.12% -15.70%
EPS Q/Q Growth		 -7.41% 3.45% -30.30%
Operating Cash Flow Q/Q Growth		 -16.51% -7.59% 24.77%
Free Cash Flow Firm Q/Q Growth		 -33.25% 40.86% 27.97%
Invested Capital Q/Q Growth		 -0.59% -1.67% 0.81%
Profitability Metrics		 - - -
EBITDA Margin		 81.91% 81.60% 66.76%
EBIT Margin		 24.80% 26.52% 13.02%
Profit (Net Income) Margin		 19.92% 20.70% 7.05%
Tax Burden Percent		 81.73% 82.55% 54.45%
Interest Burden Percent		 98.28% 94.55% 99.36%
Effective Tax Rate		 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.32% 1.41% 0.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.73% 0.73% 0.05%
Return on Net Nonoperating Assets (RNNOA)		 0.57% 0.60% 0.05%
Return on Equity (ROE)		 1.89% 2.01% 0.71%
Cash Return on Invested Capital (CROIC)		 7.62% 6.25% -7.04%
Operating Return on Assets (OROA)		 1.23% 1.31% 0.62%
Return on Assets (ROA)		 0.98% 1.02% 0.34%
Return on Common Equity (ROCE)		 1.89% 2.01% 0.71%
Return on Equity Simple (ROE_SIMPLE)		 1.93% 2.02% 0.64%
Net Operating Profit after Tax (NOPAT)		 17 19 8.72
NOPAT Margin		 24.80% 26.52% 13.02%
Net Nonoperating Expense Percent (NNEP)		 0.59% 0.68% 0.62%
SG&A Expenses to Revenue		 8.00% 5.97% 4.21%
Operating Expenses to Revenue		 75.20% 73.48% 86.98%
Earnings before Interest and Taxes (EBIT)		 17 19 8.72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 55 57 45
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.57 0.68 0.80
Price to Tangible Book Value (P/TBV)		 0.57 0.69 0.81
Price to Revenue (P/Rev)		 5.84 6.99 8.73
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 5.20% 4.03% 3.24%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.81 0.85
Enterprise Value to Revenue (EV/Rev)		 13.47 14.89 17.18
Enterprise Value to EBITDA (EV/EBITDA)		 16.44 18.24 25.73
Enterprise Value to EBIT (EV/EBIT)		 54.31 56.14 131.90
Enterprise Value to NOPAT (EV/NOPAT)		 54.31 56.14 131.90
Enterprise Value to Operating Cash Flow (EV/OCF)		 30.41 26.13 26.26
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.40 12.65 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.77 0.80 0.86
Long-Term Debt to Equity		 0.76 0.80 0.86
Financial Leverage		 0.78 0.83 0.98
Leverage Ratio		 1.92 1.96 2.13
Compound Leverage Factor		 1.89 1.85 2.11
Debt to Total Capital		 43.43% 44.38% 46.14%
Short-Term Debt to Total Capital		 0.30% 0.02% 0.01%
Long-Term Debt to Total Capital		 43.13% 44.36% 46.13%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.57% 55.62% 53.86%
Debt to EBITDA		 9.65 10.00 14.02
Net Debt to EBITDA		 9.32 9.68 12.65
Long-Term Debt to EBITDA		 9.59 10.00 14.02
Debt to NOPAT		 31.89 30.77 71.87
Net Debt to NOPAT		 30.78 29.77 64.86
Long-Term Debt to NOPAT		 31.67 30.76 71.86
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.17%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 96 83 -92
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 4.37 3.50 -3.58
Operating Cash Flow to Interest Expense		 1.35 1.69 1.70
Operating Cash Flow Less CapEx to Interest Expense		 1.35 1.69 1.70
Efficiency Ratios		 - - -
Asset Turnover		 0.05 0.05 0.05
Fixed Asset Turnover		 0.06 0.05 0.05
Capital & Investment Metrics		 - - -
Invested Capital		 1,215 1,294 1,358
Invested Capital Turnover		 0.05 0.05 0.05
Increase / (Decrease) in Invested Capital		 -79 -64 101
Enterprise Value (EV)		 899 1,047 1,150
Market Capitalization		 389 492 584
Book Value per Share		 $18.99 $20.08 $21.07
Tangible Book Value per Share		 $18.89 $19.95 $20.91
Total Capital		 1,215 1,294 1,358
Total Debt		 528 574 627
Total Long-Term Debt		 524 574 626
Net Debt		 509 556 565
Capital Expenditures (CapEx)		 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 3.25 4.09 4.00
Net Nonoperating Obligations (NNO)		 528 574 627
Total Depreciation and Amortization (D&A)		 38 39 36
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 ($0.29) ($0.28) ($0.43)
Adjusted Weighted Average Basic Shares Outstanding		 35.91M 35.73M 34.56M
Adjusted Diluted Earnings per Share		 ($0.29) ($0.28) ($0.43)
Adjusted Weighted Average Diluted Shares Outstanding		 35.91M 35.73M 34.56M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.18M 35.84M 35.71M
Normalized Net Operating Profit after Tax (NOPAT)		 13 13 6.10
Normalized NOPAT Margin		 19.57% 18.56% 9.12%
Pre Tax Income Margin		 24.37% 25.07% 12.94%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.76 0.79 0.34
NOPAT to Interest Expense		 0.76 0.79 0.34
EBIT Less CapEx to Interest Expense		 0.76 0.79 0.34
NOPAT Less CapEx to Interest Expense		 0.76 0.79 0.34
Payout Ratios		 - - -
Dividend Payout Ratio		 333.66% 309.58% 783.74%
Augmented Payout Ratio		 333.66% 309.58% 783.74%

Quarterly Metrics And Ratios for Gladstone Land

This table displays calculated financial ratios and metrics derived from Gladstone Land's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -63.46% -2.88% 39.42% -4.79% 485.78% -26.12% -23.21% 19.45% -91.24% 24.65%
EBITDA Growth		 -122.39% -30.66% -3.40% 55.87% 163.82% -30.12% 8.65% -4.67% -157.00% 24.42%
EBIT Growth		 -262.53% -77.07% -3.64% 108.28% 82.90% -60.45% 9.53% -15.25% -279.69% 17.96%
NOPAT Growth		 -262.53% -77.07% -32.55% 108.28% 75.57% -60.45% 9.53% -15.25% -193.26% 17.96%
Net Income Growth		 -70.31% -99.81% -110.48% 675.26% 63.87% 73.92% 1,181.40% 47.43% -44.17% 20.16%
EPS Growth		 -15.38% -100.00% -480.00% 275.00% 7.14% 20.00% 145.45% -50.00% -250.00% -100.00%
Operating Cash Flow Growth		 -33.53% -1,808.75% -10.92% -27.45% -15.89% -97.85% 51.36% -37.59% 72.32% 9.64%
Free Cash Flow Firm Growth		 9.44% 168.98% 1,342.64% 376.17% 152.70% 121.68% 96.84% 87.91% 50.26% 53.00%
Invested Capital Growth		 -6.11% -7.13% -5.33% -4.38% -4.72% -2.32% 1.13% 2.93% 8.02% 14.67%
Revenue Q/Q Growth		 -73.23% -19.52% -3.91% -26.03% -28.84% 15.53% -34.38% -14.71% -91.03% 20.09%
EBITDA Q/Q Growth		 -116.82% -46.08% -41.19% 18.80% -47.90% -24.89% -5.11% 28.59% -157.05% 16.78%
EBIT Q/Q Growth		 -1,506.56% -89.21% -58.28% 39.39% -188.98% -54.65% -9.82% 79.37% -305.76% 25.61%
NOPAT Q/Q Growth		 -1,506.56% -84.58% -70.80% 39.39% -188.98% -54.65% -9.82% 156.25% -244.03% 25.61%
Net Income Q/Q Growth		 8,900.00% 100.73% -106.07% 645.85% -42.09% -60.01% 348.86% 57.66% -38.54% 194.62%
EPS Q/Q Growth		 6.25% 15.79% -190.48% 261.54% -62.50% -260.00% 141.67% 14.29% -40.00% 9.09%
Operating Cash Flow Q/Q Growth		 947.26% -108.59% 365.29% -80.37% 21,680.00% -99.55% 278.94% -77.24% 457.15% -68.50%
Free Cash Flow Firm Q/Q Growth		 -29.91% 23.54% -2.25% -0.04% 72.26% 670.72% 78.28% 70.75% 29.12% 16.81%
Invested Capital Q/Q Growth		 -0.59% -2.86% -1.38% -1.41% -1.67% -0.98% -0.39% -1.76% 0.81% 2.52%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -33.52% 53.34% 79.62% 130.11% 54.70% 74.71% 114.92% 79.47% -502.05% 78.98%
EBIT Margin		 -269.27% 5.13% 38.21% 88.02% -27.14% 21.71% 55.29% 40.23% -929.58% 40.55%
Profit (Net Income) Margin		 11.50% 0.03% -3.78% 59.82% 14.15% 17.39% 50.25% 7.35% 50.59% 7.39%
Tax Burden Percent		 40.60% 0.96% 814.85% 94.17% 71.39% 80.13% 90.88% 69.12% -53.88% 52.56%
Interest Burden Percent		 -10.52% 69.41% -1.21% 72.17% -73.05% 100.00% 100.00% 26.42% 10.10% 34.67%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -14.32% 0.40% 2.05% 6.27% -1.44% 1.39% 3.84% 2.95% -33.31% 2.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 -11.93% 0.24% 0.88% 5.16% -0.56% 1.27% 3.72% 1.71% -30.94% 1.63%
Return on Net Nonoperating Assets (RNNOA)		 -9.34% 0.19% 0.70% 4.07% -0.46% 1.08% 3.37% 1.58% -30.33% 1.70%
Return on Equity (ROE)		 -23.66% 0.58% 2.75% 10.34% -1.90% 2.47% 7.21% 4.53% -63.64% 4.59%
Cash Return on Invested Capital (CROIC)		 7.62% 11.28% 9.53% 8.52% 6.25% 4.42% 1.41% -0.40% -7.04% -10.14%
Operating Return on Assets (OROA)		 -13.31% 0.37% 2.72% 5.86% -1.34% 1.30% 3.58% 2.76% -44.31% 2.70%
Return on Assets (ROA)		 0.57% 0.00% -0.27% 3.98% 0.70% 1.05% 3.25% 0.50% 2.41% 0.49%
Return on Common Equity (ROCE)		 -23.66% 0.58% 2.75% 10.34% -1.90% 2.47% 7.21% 4.52% -63.53% 4.58%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 2.11% 2.50% 3.65% 0.00% 1.89% 1.70% 0.72% 0.00% 0.79%
Net Operating Profit after Tax (NOPAT)		 -13 0.90 5.83 20 -3.49 3.92 8.64 9.58 -14 9.91
NOPAT Margin		 -269.27% 5.13% 26.75% 88.02% -27.14% 21.71% 55.29% 40.23% -650.71% 40.55%
Net Nonoperating Expense Percent (NNEP)		 -2.39% 0.16% 1.16% 1.11% -0.88% 0.13% 0.13% 1.24% -2.38% 1.26%
SG&A Expenses to Revenue		 39.57% 7.87% 5.59% 3.87% 11.34% 4.04% 5.67% 4.74% 32.59% 2.89%
Operating Expenses to Revenue		 369.27% 94.87% 61.79% 11.98% 127.14% 78.29% 44.71% 59.77% 1,029.58% 59.45%
Earnings before Interest and Taxes (EBIT)		 -13 0.90 8.33 20 -3.49 3.92 8.64 9.58 -20 9.91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.57 9.36 17 30 7.03 13 18 19 -11 19
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.57 0.72 0.69 0.65 0.68 0.67 0.75 0.77 0.80 0.82
Price to Tangible Book Value (P/TBV)		 0.57 0.72 0.69 0.65 0.69 0.67 0.76 0.77 0.81 0.82
Price to Revenue (P/Rev)		 5.84 5.04 4.92 5.06 6.99 5.71 6.04 5.83 8.73 6.43
Price to Earnings (P/E)		 0.00 0.00 0.00 245.13 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 5.20% 4.03% 4.10% 4.24% 4.03% 4.05% 3.54% 3.48% 3.24% 3.22%
Earnings Yield		 0.00% 0.00% 0.00% 0.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.83 0.78 0.76 0.81 0.80 0.83 0.84 0.85 0.88
Enterprise Value to Revenue (EV/Rev)		 13.47 10.29 9.97 10.45 14.89 12.25 11.98 11.63 17.18 13.15
Enterprise Value to EBITDA (EV/EBITDA)		 16.44 11.67 10.84 10.59 18.24 16.08 15.51 16.16 25.73 15.73
Enterprise Value to EBIT (EV/EBIT)		 54.31 20.54 18.84 18.42 56.14 38.09 32.86 34.32 131.90 29.18
Enterprise Value to NOPAT (EV/NOPAT)		 54.31 20.54 18.84 18.42 56.14 38.09 32.86 34.32 131.90 26.58
Enterprise Value to Operating Cash Flow (EV/OCF)		 30.41 28.65 26.80 25.02 26.13 24.14 23.41 27.43 26.26 33.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.40 7.08 8.01 8.73 12.65 17.81 58.94 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.77 0.77 0.78 0.76 0.80 0.80 0.81 0.82 0.86 0.90
Long-Term Debt to Equity		 0.76 0.77 0.78 0.76 0.80 0.80 0.81 0.82 0.86 0.90
Financial Leverage		 0.78 0.78 0.79 0.79 0.83 0.85 0.91 0.92 0.98 1.05
Leverage Ratio		 1.92 1.91 1.93 1.91 1.96 1.98 2.05 2.05 2.13 2.19
Compound Leverage Factor		 -0.20 1.33 -0.02 1.38 -1.43 1.98 2.05 0.54 0.21 0.76
Debt to Total Capital		 43.43% 43.43% 43.68% 43.29% 44.38% 44.40% 44.69% 44.91% 46.14% 47.50%
Short-Term Debt to Total Capital		 0.30% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01%
Long-Term Debt to Total Capital		 43.13% 43.41% 43.66% 43.27% 44.36% 44.40% 44.68% 44.90% 46.13% 47.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.57% 56.57% 56.32% 56.71% 55.62% 55.60% 55.31% 55.09% 53.86% 52.50%
Debt to EBITDA		 9.65 6.11 6.03 6.02 10.00 8.97 8.37 8.62 14.02 8.53
Net Debt to EBITDA		 9.32 5.95 5.49 5.46 9.68 8.59 7.69 8.06 12.65 8.03
Long-Term Debt to EBITDA		 9.59 6.10 6.03 6.02 10.00 8.97 8.37 8.62 14.02 8.53
Debt to NOPAT		 31.89 10.75 10.49 10.48 30.77 21.25 17.73 18.30 71.87 14.40
Net Debt to NOPAT		 30.78 10.48 9.54 9.50 29.77 20.34 16.29 17.12 64.86 13.57
Long-Term Debt to NOPAT		 31.67 10.75 10.48 10.47 30.76 21.25 17.73 18.30 71.86 14.40
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.33% 0.17% 0.17%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 66 95 77 78 61 35 -6.17 -28 -115 -162
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 4.03 17.53 0.00 0.00 5.11 6.01 -1.04 0.00 -4.47 0.00
Operating Cash Flow to Interest Expense		 0.70 -0.25 0.00 0.00 1.47 0.01 3.01 0.00 0.80 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.70 -0.25 0.00 0.00 1.47 0.01 3.01 0.00 0.80 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.05 0.07 0.07 0.07 0.05 0.06 0.06 0.07 0.05 0.07
Fixed Asset Turnover		 0.06 0.08 0.08 0.07 0.05 0.06 0.07 0.07 0.05 0.07
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,215 1,222 1,258 1,275 1,294 1,316 1,329 1,334 1,358 1,347
Invested Capital Turnover		 0.05 0.08 0.08 0.07 0.05 0.06 0.07 0.07 0.05 0.07
Increase / (Decrease) in Invested Capital		 -79 -94 -71 -58 -64 -31 15 38 101 172
Enterprise Value (EV)		 899 1,014 987 971 1,047 1,047 1,100 1,123 1,150 1,180
Market Capitalization		 389 496 487 470 492 488 555 563 584 578
Book Value per Share		 $18.99 $19.29 $19.77 $20.18 $20.08 $20.41 $20.58 $20.58 $21.07 $20.67
Tangible Book Value per Share		 $18.89 $19.18 $19.65 $20.06 $19.95 $20.27 $20.43 $20.42 $20.91 $20.50
Total Capital		 1,215 1,222 1,258 1,275 1,294 1,316 1,329 1,334 1,358 1,347
Total Debt		 528 531 549 552 574 584 594 599 627 640
Total Long-Term Debt		 524 530 549 552 574 584 594 599 626 640
Net Debt		 509 517 500 501 556 559 546 560 565 603
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -13 0.89 6.65 6.40 -5.31 0.78 0.79 7.83 -15 8.11
Net Nonoperating Obligations (NNO)		 528 531 549 552 574 584 594 599 627 640
Total Depreciation and Amortization (D&A)		 11 8.46 9.03 9.55 11 9.57 9.32 9.35 9.38 9.40
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.15) ($0.16) ($0.19) $0.21 ($0.13) ($0.08) $0.05 ($0.12) ($0.14) ($0.10)
Adjusted Weighted Average Basic Shares Outstanding		 35.91M 35.84M 35.84M 35.84M 35.73M 35.82M 35.72M 35.55M 34.56M 34.61M
Adjusted Diluted Earnings per Share		 ($0.15) ($0.16) ($0.19) $0.21 ($0.13) ($0.08) $0.05 ($0.12) ($0.14) ($0.10)
Adjusted Weighted Average Diluted Shares Outstanding		 35.91M 35.84M 35.84M 35.84M 35.73M 35.82M 35.72M 35.55M 34.56M 34.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 36.18M 36.18M 35.84M 35.84M 35.84M 35.84M 35.84M 35.71M 35.71M 34.70M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.85 2.10 5.83 14 -2.44 2.74 6.05 6.71 -14 6.94
Normalized NOPAT Margin		 -188.49% 11.99% 26.75% 61.61% -19.00% 15.19% 38.70% 28.16% -650.71% 28.38%
Pre Tax Income Margin		 28.32% 3.56% -0.46% 63.52% 19.83% 21.71% 55.29% 10.63% -93.89% 14.06%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.77 0.17 0.00 0.00 -0.29 0.67 1.45 0.00 -0.79 0.00
NOPAT to Interest Expense		 -0.77 0.17 0.00 0.00 -0.29 0.67 1.45 0.00 -0.55 0.00
EBIT Less CapEx to Interest Expense		 -0.77 0.17 0.00 0.00 -0.29 0.67 1.45 0.00 -0.79 0.00
NOPAT Less CapEx to Interest Expense		 -0.77 0.17 0.00 0.00 -0.29 0.67 1.45 0.00 -0.55 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 333.66% 304.61% 257.94% 172.70% 309.58% 319.46% 331.65% 745.27% 783.74% 618.34%
Augmented Payout Ratio		 333.66% 304.61% 257.94% 172.70% 309.58% 319.46% 331.65% 745.27% 783.74% 618.34%

Frequently Asked Questions About Gladstone Land's Financials

When does Gladstone Land's fiscal year end?

According to the most recent income statement we have on file, Gladstone Land's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Gladstone Land's net income changed over the last 2 years?

Gladstone Land's net income appears to be on an upward trend, with a most recent value of $13.29 million in 2024, rising from $4.72 million in 2022. The previous period was $14.57 million in 2023.

How has Gladstone Land revenue changed over the last 2 years?

Over the last 2 years, Gladstone Land's total revenue changed from $66.94 million in 2022 to $66.71 million in 2024, a change of -0.3%.

How much debt does Gladstone Land have?

Gladstone Land's total liabilities were at $625.01 million at the end of 2024, a 6.4% decrease from 2023, and a 13.9% decrease since 2022.

How much cash does Gladstone Land have?

In the past 2 years, Gladstone Land's cash and equivalents has ranged from $18.28 million in 2024 to $61.14 million in 2022, and is currently $18.28 million as of their latest financial filing in 2024.

How has Gladstone Land's book value per share changed over the last 2 years?

Over the last 2 years, Gladstone Land's book value per share changed from 21.07 in 2022 to 18.99 in 2024, a change of -9.9%.


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This page (NASDAQ:LANDM) was last updated on 5/24/2025 by MarketBeat.com Staff
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