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LANDM

Gladstone Land Corp

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No historical data available

Latest Quote

$25.07

+0.00 (+0.01%)
Current Price
Previous Close $25.07
Open $25.05
Day High $25.08
Day Low $25.05
Volume 3,372
Fetched: 2026-03-24T21:19:13
Stock Information
Quarterly Dividend / Yield $1.25 / 0.05%
Shares Outstanding 2.42M
Quarterly Dividend Yield 0.05%
Quarterly Dividend $1.25
Total Debt $541.38M
Cash Equivalents $16.36M
Revenue $67.94M
Net Income $-14.15M
Sector Real Estate
Industry REIT - Specialty
Market Cap $412.53M
EPS (TTM) $-0.12
Exchange NGM
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Recent Price History
No history data available. Data will be fetched automatically.
About Gladstone Land Corp

Gladstone Land Corporation is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 150 farms, comprised of approximately 103,000 acres in 15 different states and over 55,000 acre-feet 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. Over 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and nearly 20% of its permanent crop acreage falls into this category. Gladstone Land pays monthly distributions to its stockholders and has paid 150 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 per month, or $0.5604 per year. Gladstone Land Corporation was founded in 1997.

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Income Statement (Annual)
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenue
Reconciled Cost Of Revenue $5,278,000 $4,109,000 $2,729,000 $2,414,000
Cost Of Revenue $5,334,000 $4,201,000 $2,819,000 $2,536,000
Total Revenue $85,216,000 $90,398,000 $89,236,000 $75,318,000
Operating Revenue $84,763,000 $90,319,000 $89,236,000 $75,318,000
Expenses
Interest Expense $21,885,000 $23,665,000 $25,738,000 $24,883,000
Total Expenses $53,836,000 $56,915,000 $54,462,000 $43,614,000
Other Income Expense $3,795,000 $4,747,000 $-4,320,000 $-3,307,000
Other Non Operating Income Expenses $359,000 $614,000 $-431,000 $-777,000
Net Non Operating Interest Income Expense $-21,885,000 $-23,665,000 $-25,738,000 $-24,883,000
Interest Expense Non Operating $21,885,000 $23,665,000 $25,738,000 $24,883,000
Operating Expense $48,502,000 $52,714,000 $51,643,000 $41,078,000
Other Operating Expenses $109,000 $1,771,000 $3,225,000 $3,901,000
General And Administrative Expense $13,338,000 $13,782,000 $13,052,000 $9,994,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $13,290,000 $14,565,000 $4,708,000 $3,495,000
Net Interest Income $-21,885,000 $-23,665,000 $-25,738,000 $-24,883,000
Normalized Income $10,528,160 $11,253,320 $7,722,640 $5,297,370
Net Income From Continuing And Discontinued Operation $13,290,000 $14,565,000 $4,708,000 $3,495,000
Net Income Common Stockholders $-10,455,000 $-9,852,000 $-15,010,000 $-8,763,000
Net Income $13,290,000 $14,565,000 $4,708,000 $3,495,000
Net Income Including Noncontrolling Interests $13,290,000 $14,565,000 $4,716,000 $3,514,000
Net Income Continuous Operations $13,290,000 $14,565,000 $4,716,000 $3,514,000
Pretax Income $13,290,000 $14,565,000 $4,716,000 $3,514,000
Special Income Charges $-2,390,000 $-1,016,000 $-56,000 $68,000
Earnings From Equity Interest $-60,000 $-59,000 $-73,000 $-61,000
Operating Income $31,380,000 $33,483,000 $34,774,000 $31,704,000
Depreciation Amortization Depletion Income Statement $35,055,000 $37,161,000 $35,366,000 $27,183,000
Depreciation And Amortization In Income Statement $35,055,000 $37,161,000 $35,366,000 $27,183,000
Gross Profit $79,882,000 $86,197,000 $86,417,000 $72,782,000
Other
Tax Effect Of Unusual Items $734,160 $880,320 $-801,360 $-666,630
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $66,790,000 $71,291,000 $69,726,000 $58,171,000
Total Unusual Items $3,496,000 $4,192,000 $-3,816,000 $-2,469,000
Total Unusual Items Excluding Goodwill $3,496,000 $4,192,000 $-3,816,000 $-2,469,000
Reconciled Depreciation $35,111,000 $37,253,000 $35,456,000 $27,305,000
EBITDA (Bullshit earnings) $70,286,000 $75,483,000 $65,910,000 $55,702,000
EBIT $35,175,000 $38,230,000 $30,454,000 $28,397,000
Diluted NI Availto Com Stockholders $-10,455,000 $-9,852,000 $-15,010,000 $-8,763,000
Otherunder Preferred Stock Dividend $-505,000 $46,000 $25,000 $23,000
Preferred Stock Dividends $24,250,000 $24,371,000 $19,693,000 $12,235,000
Minority Interests $0 $0 $-8,000 $-19,000
Other Special Charges $284,000 $1,016,000 $56,000 $-68,000
Write Off $2,106,000 $0 $0 -
Gain On Sale Of Security $5,886,000 $5,208,000 $-3,760,000 $-2,537,000
Selling General And Administration $13,338,000 $13,782,000 $13,052,000 $9,994,000
Other Gand A $13,338,000 $13,782,000 $13,052,000 $9,994,000
Fetched: 2026-02-02
Balance Sheet (Annual)
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Net Tangible Assets $683,594,000 $714,831,000 $725,660,000 $582,359,000
Total Assets $1,312,195,000 $1,387,324,000 $1,457,251,000 $1,351,550,000
Total Non Current Assets $1,247,606,000 $1,315,127,000 $1,396,110,000 $1,334,842,000
Other Non Current Assets $87,168,000 $68,815,000 $64,980,000 $46,588,000
Goodwill And Other Intangible Assets $3,588,000 $4,782,000 $5,702,000 $4,456,000
Other Intangible Assets $3,588,000 $4,782,000 $5,702,000 $4,456,000
Current Assets $64,589,000 $72,197,000 $61,141,000 $16,708,000
Inventory $46,314,000 $53,626,000 $0 -
Cash Cash Equivalents And Short Term Investments $18,275,000 $18,571,000 $61,141,000 $16,708,000
Cash And Cash Equivalents $18,275,000 $18,571,000 $61,141,000 $16,708,000
Debt
Net Debt $509,247,000 $555,540,000 $565,359,000 $651,274,000
Total Debt $527,522,000 $574,111,000 $626,500,000 $667,982,000
Long Term Debt And Capital Lease Obligation $523,922,000 $573,911,000 $626,400,000 $667,882,000
Long Term Debt $523,922,000 $573,911,000 $626,400,000 $667,882,000
Current Debt And Capital Lease Obligation $3,600,000 $200,000 $100,000 $100,000
Current Debt $3,600,000 $200,000 $100,000 $100,000
Liabilities
Total Liabilities Net Minority Interest $625,013,000 $667,711,000 $725,889,000 $762,484,000
Total Non Current Liabilities Net Minority Interest $600,037,000 $653,339,000 $705,153,000 $747,286,000
Other Non Current Liabilities $16,185,000 $19,909,000 $19,646,000 $20,708,000
Current Liabilities $24,976,000 $14,372,000 $20,736,000 $15,198,000
Payables And Accrued Expenses $21,376,000 $14,172,000 $20,636,000 $15,098,000
Payables $21,376,000 $14,172,000 $20,636,000 $15,098,000
Accounts Payable $18,404,000 $10,298,000 $16,266,000 $10,874,000
Equity
Common Stock Equity $687,166,000 $719,597,000 $731,346,000 $586,806,000
Preferred Stock Equity $16,000 $16,000 $16,000 $9,000
Total Equity Gross Minority Interest $687,182,000 $719,613,000 $731,362,000 $589,066,000
Stockholders Equity $687,182,000 $719,613,000 $731,362,000 $586,815,000
Gains Losses Not Affecting Retained Earnings $7,632,000 $7,366,000 $9,007,000 $-1,036,000
Other Equity Adjustments $7,632,000 $7,366,000 $9,007,000 $-1,036,000
Retained Earnings $-174,561,000 $-144,011,000 $-114,370,000 $-80,467,000
Preferred Securities Outside Stock Equity $59,930,000 $59,519,000 $59,107,000 $58,696,000
Other
Preferred Shares Number $16,048,188 $18,527,574 $8,871,065 $5,956,065
Ordinary Shares Number $36,184,658 $35,838,442 $35,050,397 $34,210,013
Share Issued $36,184,658 $35,838,442 $35,050,397 $34,210,013
Tangible Book Value $683,578,000 $714,815,000 $725,644,000 $582,350,000
Invested Capital $1,214,688,000 $1,293,708,000 $1,357,846,000 $1,254,788,000
Working Capital $39,613,000 $57,825,000 $40,405,000 $1,510,000
Total Capitalization $1,211,104,000 $1,293,524,000 $1,357,762,000 $1,254,697,000
Minority Interest $0 $0 $0 $2,251,000
Additional Paid In Capital $854,059,000 $856,206,000 $836,674,000 $668,275,000
Capital Stock $52,000 $52,000 $51,000 $43,000
Common Stock $36,000 $36,000 $35,000 $34,000
Preferred Stock $16,000 $16,000 $16,000 $9,000
Line Of Credit $3,600,000 $200,000 $100,000 $100,000
Dueto Related Parties Current $2,972,000 $3,874,000 $4,370,000 $4,224,000
Investment Properties $1,156,850,000 $1,241,530,000 $1,325,428,000 $1,283,798,000
Finished Goods $46,314,000 $53,626,000 $0 -
Fetched: 2026-02-02
Cash Flow Statement (Annual)
Metric 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Free Cash Flow
Free Cash Flow $24,351,000 $27,276,000 $23,662,000 $26,257,000
Operating Activities
Operating Cash Flow $29,548,000 $40,081,000 $43,788,000 $32,377,000
Cash Flow From Continuing Operating Activities $29,548,000 $40,081,000 $43,788,000 $32,377,000
Operating Gains Losses $-5,826,000 $-5,149,000 $3,833,000 $2,598,000
Investing Activities
Capital Expenditure $-5,197,000 $-12,805,000 $-20,126,000 $-6,120,000
Investing Cash Flow $63,308,000 $-3,768,000 $-85,484,000 $-295,001,000
Cash Flow From Continuing Investing Activities $63,308,000 $-3,768,000 $-85,484,000 $-295,001,000
Capital Expenditure Reported $-5,197,000 $-12,805,000 $-20,126,000 $-6,120,000
Financing Activities
Repurchase Of Capital Stock $-6,630,000 $-1,191,000 $-8,571,000 $-28,998,000
Issuance Of Capital Stock $5,094,000 $21,268,000 $188,106,000 $293,768,000
Financing Cash Flow $-93,152,000 $-78,883,000 $86,129,000 $270,114,000
Cash Flow From Continuing Financing Activities $-93,152,000 $-78,883,000 $86,129,000 $270,114,000
Net Other Financing Charges $-154,000 $-955,000 $-14,726,000 $-9,469,000
Cash Dividends Paid $-44,343,000 $-45,090,000 $-36,961,000 $-29,170,000
Preferred Stock Dividend Paid $-24,248,000 $-25,301,000 $-18,068,000 $-12,679,000
Common Stock Dividend Paid $-20,095,000 $-19,789,000 $-18,893,000 $-16,491,000
Net Preferred Stock Issuance $-1,536,000 $20,077,000 $187,205,000 $264,770,000
Preferred Stock Issuance $5,094,000 $21,268,000 $188,106,000 $293,768,000
Net Common Stock Issuance $0 $0 $-7,670,000 $0
Other
Repayment Of Debt $-50,519,000 $-53,115,000 $-51,651,000 $-23,924,000
Issuance Of Debt $3,400,000 $200,000 $9,932,000 $67,907,000
Interest Paid Supplemental Data $24,396,000 $26,218,000 $25,259,000 $26,935,000
End Cash Position $18,275,000 $18,571,000 $61,141,000 $16,708,000
Beginning Cash Position $18,571,000 $61,141,000 $16,708,000 $9,218,000
Changes In Cash $-296,000 $-42,570,000 $44,433,000 $7,490,000
Preferred Stock Payments $-6,630,000 $-1,191,000 $-901,000 $-28,998,000
Common Stock Payments $0 $0 $-7,670,000 $0
Net Issuance Payments Of Debt $-47,119,000 $-52,915,000 $-41,719,000 $43,983,000
Net Long Term Debt Issuance $-47,119,000 $-52,915,000 $-41,719,000 $43,983,000
Long Term Debt Payments $-50,519,000 $-53,115,000 $-51,651,000 $-23,924,000
Long Term Debt Issuance $3,400,000 $200,000 $9,932,000 $67,907,000
Net Investment Properties Purchase And Sale $68,505,000 $9,037,000 $-62,609,000 $-286,827,000
Sale Of Investment Properties $68,505,000 $9,037,000 $0 $0
Purchase Of Investment Properties $0 $0 $-62,609,000 $-286,827,000
Net Business Purchase And Sale $0 $0 $-2,749,000 $-2,054,000
Purchase Of Business $0 $0 $-2,749,000 $-2,054,000
Change In Working Capital $-18,834,000 $-9,352,000 $-1,757,000 $-1,576,000
Change In Other Current Liabilities $-1,458,000 $962,000 $52,000 $2,458,000
Change In Other Current Assets $-11,275,000 $-6,914,000 $-7,487,000 $-5,939,000
Change In Payables And Accrued Expense $-6,101,000 $-3,400,000 $5,678,000 $1,905,000
Other Non Cash Items $3,329,000 $2,615,000 $1,457,000 $523,000
Asset Impairment Charge $2,478,000 $149,000 $83,000 $13,000
Depreciation Amortization Depletion $35,111,000 $37,253,000 $35,456,000 $27,305,000
Depreciation And Amortization $35,111,000 $37,253,000 $35,456,000 $27,305,000
Depreciation $35,111,000 $37,253,000 $35,456,000 $27,305,000
Earnings Losses From Equity Investments $60,000 $59,000 $73,000 $61,000
Gain Loss On Investment Securities $-5,886,000 $-5,208,000 $3,760,000 $2,537,000
Net Income From Continuing Operations $13,290,000 $14,565,000 $4,716,000 $3,514,000
Net Short Term Debt Issuance - $100,000 $0 $0
Short Term Debt Payments - $-100,000 $0 $0
Short Term Debt Issuance - $200,000 $0 $0
Fetched: 2026-02-02