Gladstone Land (LAND) Financial Statements
Price: $10.64
Market Cap: $385.01M
Avg Volume: 369.95K
Market Cap: $385.01M
Avg Volume: 369.95K
Country: US
Industry: REIT - Industrial
Sector: Real Estate
Industry: REIT - Industrial
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Gladstone Land.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.76M | $90.40M | $89.24M | $75.32M | $57.03M | $40.69M | $36.69M | $25.12M | $17.32M | $11.90M |
| Cost of Revenue | $- | $12.80M | $2.82M | $2.54M | $1.85M | $2.47M | $2.04M | $1.17M | $669.95K | $729.04K |
| Gross Profit | $84.76M | $77.59M | $86.42M | $72.78M | $55.18M | $38.22M | $34.64M | $23.96M | $16.65M | $11.17M |
| Gross Profit Ratio | 100.00% | 85.80% | 96.84% | 96.60% | 96.76% | 93.92% | 94.43% | 95.36% | 96.13% | 93.87% |
| Research and Development Expenses | $- | $- | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $- |
| General and Administrative Expenses | $5.08M | $6.95M | $13.05M | $9.99M | $7.84M | $5.28M | $5.48M | $4.53M | $3.81M | $3.02M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.08M | $6.95M | $13.05M | $9.99M | $7.84M | $5.28M | $5.48M | $4.53M | $3.81M | $3.02M |
| Other Expenses | $257.00K | $- | $39.44M | $31.08M | $19.69M | $13.64M | $-1.46M | $-1.63M | $-567.77K | $48.53K |
| Operating Expenses | $5.33M | $6.95M | $52.50M | $41.08M | $27.53M | $18.91M | $22.53M | $12.45M | $9.34M | $6.14M |
| Cost and Expenses | $5.33M | $19.75M | $55.31M | $43.61M | $29.38M | $21.39M | $24.57M | $13.62M | $10.01M | $6.87M |
| Interest Income | $- | $- | $2.80M | $2.20M | $1.30M | $700.00K | $- | $- | $- | $- |
| Interest Expense | $21.89M | $23.66M | $25.74M | $24.88M | $20.62M | $16.33M | $12.13M | $9.76M | $6.02M | $4.16M |
| Depreciation and Amortization | $35.11M | $37.16M | $55.31M | $43.61M | $29.38M | $21.39M | $25.67M | $13.75M | $10.26M | $3.11M |
| EBITDA | $70.29M | $70.64M | $69.73M | $58.17M | $44.34M | $31.20M | $-21.55M | $18.61M | $12.24M | $7.84M |
| EBITDA Ratio | 82.92% | 78.15% | 78.14% | 77.23% | 77.75% | 76.68% | 54.59% | 68.12% | 68.85% | 68.88% |
| Operating Income | $79.43M | $70.58M | $34.27M | $30.87M | $27.69M | $18.41M | $12.11M | $11.38M | $7.06M | $4.57M |
| Operating Income Ratio | 93.71% | 78.08% | 38.40% | 40.98% | 48.55% | 45.24% | 33.01% | 45.28% | 40.75% | 38.39% |
| Total Other Income Expenses Net | $-66.14M | $-56.02M | $-29.20M | $-28.19M | $-22.70M | $-17.54M | $-8.25M | $-11.41M | $-6.58M | $-4.00M |
| Income Before Tax | $13.29M | $14.56M | $4.72M | $3.51M | $4.96M | $1.76M | $2.77M | $-34.00K | $473.49K | $568.54K |
| Income Before Tax Ratio | 15.68% | 16.11% | 5.28% | 4.67% | 8.69% | 4.33% | 7.54% | -0.14% | 2.73% | 4.78% |
| Income Tax Expense | $23.75M | $- | $25.74M | $24.06M | $20.68M | $15.46M | $2.78M | $8.13M | $25.39K | $471.31K |
| Net Income | $13.29M | $14.56M | $-21.02M | $-20.55M | $-15.73M | $-13.70M | $2.63M | $-31.00K | $448.10K | $568.54K |
| Net Income Ratio | 15.68% | 16.11% | -23.56% | -27.28% | -27.58% | -33.66% | 7.17% | -0.12% | 2.59% | 4.78% |
| EPS | $-0.29 | $-0.28 | $-0.61 | $-0.68 | $-0.71 | $-0.70 | $0.17 | $0.00 | $0.04 | $0.07 |
| EPS Diluted | $-0.29 | $-0.28 | $-0.61 | $-0.68 | $-0.71 | $-0.70 | $0.17 | $0.00 | $0.04 | $0.07 |
| Weighted Average Shares Outstanding | 35.91M | 35.73M | 34.56M | 30.36M | 22.26M | 19.60M | 15.50M | 12.06M | 10.01M | 8.64M |
| Weighted Average Shares Outstanding Diluted | 35.91M | 35.73M | 34.56M | 30.36M | 22.26M | 19.60M | 15.50M | 12.06M | 10.01M | 8.64M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.27M | $18.57M | $61.14M | $16.71M | $9.22M | $13.69M | $14.73M | $2.94M | $2.44M | $2.53M |
| Short Term Investments | $- | $1.57M | $9.01M | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $18.27M | $18.57M | $61.14M | $16.71M | $9.22M | $13.69M | $14.73M | $2.94M | $2.44M | $2.53M |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $53.63M | $- | $- | $- | $- | $- | $1.53M | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $18.27M | $72.20M | $61.14M | $16.71M | $9.22M | $13.69M | $14.73M | $4.47M | $2.44M | $2.53M |
| Property Plant Equipment Net | $- | $35.17M | $34.62M | $34.67M | $136.00K | $178.00K | $538.95M | $449.49M | $326.31M | $221.78M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $3.59M | $4.78M | $5.70M | $4.46M | $3.73M | $4.83M | $5.69M | $5.49M | $2.00M | $1.76M |
| Goodwill and Intangible Assets | $3.59M | $4.78M | $5.70M | $4.46M | $3.73M | $4.83M | $5.69M | $5.49M | $2.00M | $1.76M |
| Long Term Investments | $- | $11.60M | $14.81M | $3.10M | $1.20M | $587.00K | $-565.12M | $-462.28M | $-333.99M | $- |
| Tax Assets | $- | $-46.77M | $-49.43M | $-37.77M | $-1.34M | $-765.00K | $565.12M | $462.28M | $333.99M | $- |
| Other Non-Current Assets | $- | $1.26B | $1.39B | $1.33B | $1.05B | $798.27M | $5.75M | $2.83M | $3.24M | $3.66M |
| Total Non-Current Assets | $3.59M | $1.32B | $1.40B | $1.33B | $1.06B | $803.10M | $550.39M | $457.81M | $331.55M | $227.21M |
| Other Assets | $1.29B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.31B | $1.39B | $1.46B | $1.35B | $1.07B | $816.79M | $565.12M | $462.28M | $333.99M | $229.74M |
| Account Payables | $18.40M | $10.30M | $16.27M | $10.87M | $9.08M | $10.13M | $9.15M | $7.40M | $2.80M | $3.50M |
| Short Term Debt | $3.60M | $- | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $10.00M | $16.55M | $100.00K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $100.00K | $10.00M | $16.55M | $100.00K |
| Other Current Liabilities | $2.97M | $4.07M | $4.37M | $5.16M | $3.88M | $2.51M | $845.00K | $940.00K | $750.99K | $-3.50M |
| Total Current Liabilities | $24.98M | $14.37M | $20.74M | $15.20M | $11.66M | $12.40M | $10.20M | $18.34M | $20.10M | $4.16M |
| Long Term Debt | $523.92M | $575.80M | $628.51M | $670.22M | $624.66M | $482.63M | $335.79M | $291.00M | $190.80M | $142.63M |
| Deferred Revenue Non-Current | $- | $- | $725.89M | $762.48M | $683.50M | $537.82M | $384.07M | $344.33M | $246.21M | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $2.11M | $2.33M | $702.00K | $801.00K | $715.00K | $698.00K | $723.66K | $- |
| Other Non-Current Liabilities | $76.11M | $77.54M | $76.74M | $76.13M | $45.77M | $42.45M | $38.18M | $34.99M | $35.31M | $9.00M |
| Total Non-Current Liabilities | $600.04M | $653.34M | $705.15M | $747.29M | $671.83M | $525.42M | $373.87M | $325.99M | $226.11M | $147.57M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $625.01M | $667.71M | $725.89M | $762.48M | $683.50M | $537.82M | $384.07M | $344.33M | $246.21M | $151.73M |
| Preferred Stock | $59.93M | $16.00K | $16.00K | $9.00K | $7.00K | $5.00K | $1.00K | $27.89M | $27.66M | $8.90M |
| Common Stock | $36.00K | $36.00K | $35.00K | $34.00K | $26.00K | $21.00K | $18.00K | $14.00K | $10.03K | $9.99K |
| Retained Earnings | $- | $-144.01M | $-114.37M | $-80.47M | $-55.21M | $-38.78M | $-25.83M | $-19.80M | $-13.40M | $-8.90M |
| Accumulated Other Comprehensive Income Loss | $7.63M | $7.37M | $9.01M | $-1.04M | $-1.50M | $-390.00K | $-25.83M | $-27.89M | $-27.66M | $-8.90M |
| Other Total Stockholders Equity | $619.58M | $856.21M | $836.67M | $668.27M | $440.47M | $315.77M | $202.05M | $157.59M | $90.08M | $86.89M |
| Total Stockholders Equity | $687.18M | $719.61M | $731.36M | $586.82M | $383.79M | $276.62M | $176.25M | $109.92M | $76.69M | $78.01M |
| Total Equity | $687.18M | $719.61M | $1.36B | $589.07M | $1.03B | $278.97M | $181.05M | $117.95M | $87.78M | $78.01M |
| Total Liabilities and Stockholders Equity | $1.31B | $1.39B | $1.46B | $1.35B | $1.07B | $816.79M | $565.12M | $462.28M | $333.99M | $229.74M |
| Minority Interest | $- | $- | $626.58M | $2.25M | $644.14M | $2.35M | $4.81M | $8.03M | $11.09M | $- |
| Total Liabilities and Total Equity | $1.31B | $1.39B | $1.46B | $1.35B | $1.07B | $816.79M | $565.12M | $462.28M | $333.99M | $229.74M |
| Total Investments | $- | $13.17M | $14.81M | $3.10M | $1.20M | $587.00K | $-565.12M | $-462.28M | $-333.99M | $- |
| Total Debt | $527.52M | $574.11M | $626.50M | $667.98M | $624.06M | $481.93M | $335.89M | $301.00M | $207.35M | $142.73M |
| Net Debt | $509.25M | $555.54M | $565.36M | $651.27M | $614.84M | $468.24M | $321.16M | $298.06M | $204.91M | $140.20M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $13.29M | $14.56M | $4.72M | $3.51M | $4.96M | $1.76M | $2.77M | $-34.00K | $473.49K | $568.54K |
| Depreciation and Amortization | $35.11M | $37.25M | $35.46M | $27.30M | $16.66M | $12.79M | $9.38M | $7.24M | $5.19M | $3.11M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-18.83M | $-9.35M | $-1.76M | $-1.58M | $720.00K | $6.19M | $2.17M | $-1.10M | $2.61M | $1.24M |
| Accounts Receivables | $- | $- | $- | $- | $- | $-1.87M | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $-896.00K | $-3.15M | $-1.90M | $-322.00K | $-124.00K |
| Accounts Payables | $-6.10M | $-3.40M | $5.68M | $1.91M | $-744.00K | $1.87M | $1.94M | $1.92M | $719.87K | $523.78K |
| Other Working Capital | $-12.73M | $-5.95M | $-7.43M | $-3.48M | $1.46M | $7.09M | $3.38M | $-1.12M | $1.89M | $719.04K |
| Other Non Cash Items | $-19.00K | $-2.38M | $5.37M | $3.13M | $2.67M | $625.00K | $-3.91M | $417.00K | $134.36K | $-171.03K |
| Net Cash Provided by Operating Activities | $29.55M | $40.08M | $43.79M | $32.38M | $25.00M | $21.37M | $10.41M | $6.51M | $8.40M | $4.75M |
| Investments in Property Plant and Equipment | $- | $- | $-20.13M | $-6.12M | $-16.51M | $-12.29M | $-22.61M | $-5.21M | $-9.80M | $-3.25M |
| Acquisitions Net | $- | $- | $-2.75M | $-2.05M | $-573.00K | $-587.00K | $- | $- | $-500.00K | $-50.00K |
| Purchases of Investments | $- | $- | $-64.80M | $-288.88M | $-256.52M | $-250.59M | $-71.44M | $-127.83M | $-85.56M | $-74.45M |
| Sales Maturities of Investments | $- | $- | $64.80M | $288.88M | $342.00K | $250.59M | $132.00K | $682.00K | $155.80K | $- |
| Other Investing Activities | $63.31M | $-3.77M | $-62.61M | $-286.83M | $361.00K | $-249.77M | $-71.20M | $-125.12M | $-85.20M | $-75.18M |
| Net Cash Used for Investing Activities | $63.31M | $-3.77M | $-85.48M | $-295.00M | $-272.90M | $-262.65M | $-93.81M | $-129.65M | $-95.50M | $-78.48M |
| Debt Repayment | $- | $-52.91M | $-41.72M | $43.98M | $142.64M | $146.82M | $35.24M | $94.23M | $66.03M | $56.31M |
| Common Stock Issued | $- | $- | $- | $287.11M | $308.70M | $319.62M | $- | $- | $360.00K | $23.13M |
| Common Stock Repurchased | $- | $-1.19M | $-8.57M | $-29.00M | $-684.00K | $-340.00K | $-523.00K | $-2.57M | $- | $- |
| Dividends Paid | $-24.25M | $-45.09M | $-36.96M | $-29.17M | $-21.02M | $-14.11M | $-8.65M | $-6.37M | $-4.96M | $-4.06M |
| Other Financing Activities | $-68.90M | $19.89M | $186.23M | $255.30M | $121.80M | $107.52M | $143.02M | $77.68M | $25.57M | $-5.81M |
| Net Cash Used Provided by Financing Activities | $-93.15M | $-78.88M | $86.13M | $270.11M | $243.43M | $240.24M | $95.19M | $123.63M | $87.00M | $73.63M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-296.00K | $-42.57M | $44.43M | $7.49M | $-4.47M | $-1.04M | $11.79M | $500.00K | $-94.50K | $-86.82K |
| Cash at End of Period | $18.27M | $18.57M | $61.14M | $16.71M | $9.22M | $13.69M | $14.73M | $2.94M | $2.44M | $2.53M |
| Cash at Beginning of Period | $18.57M | $61.14M | $16.71M | $9.22M | $13.69M | $14.73M | $2.94M | $2.44M | $2.53M | $2.62M |
| Operating Cash Flow | $29.55M | $40.08M | $43.79M | $32.38M | $25.00M | $21.37M | $10.41M | $6.51M | $8.40M | $4.75M |
| Capital Expenditure | $- | $-12.80M | $-20.13M | $-6.12M | $-16.51M | $-12.29M | $-22.61M | $-5.21M | $-9.80M | $-3.25M |
| Free Cash Flow | $29.55M | $27.28M | $23.66M | $26.26M | $8.49M | $9.08M | $-12.20M | $1.30M | $-1.39M | $1.51M |