GLADSTONE LAND Corp
LAND· Nasdaq, Nasdaq, Nasdaq· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- -26.6%
We record prices for the companies we cover; LAND is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 36.5M
- Revenue
- $12.2M
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 111.2%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 2.0%
- ROE, 5 yr avg
- 1.4%
Growth (CAGR)
- Revenue, 3 yr
- -48.5%
- Revenue, 5 yr
- -26.6%
- Revenue, 9 yr
- –
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $27.2M
- Total debt
- $473.6M
- Net debt
- $446.5M
- Debt/Equity
- 0.7x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 151.3%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 10.4%
Financials: ten years from the 10-Ks
Revenue
$12.2M
-8.7% a year over 9 years
FY2016FY2025
Margins
Operating–Net111.2%
FY2025
FY2016FY2025
Diluted shares
36.5M
+64.0% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
-$446.5M
$446.5M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | – | $25.1M | $36.7M | $40.7M | $57.0M | $75.3M | $89.2M | $0 | $0 | $12.2M |
| Revenue growth | – | – | 46.0% | 10.9% | 40.2% | 32.1% | 18.5% | -100.0% | – | – |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | 45.3% | – | – | – | – | – | – | – | – |
| Net income | $448.0K | -$31.0K | $2.6M | $1.7M | $4.9M | $3.5M | $4.7M | $14.6M | $13.3M | $13.5M |
| Net margin | – | -0.1% | 7.2% | 4.3% | 8.6% | 4.6% | 5.3% | – | – | 111.2% |
| Diluted EPS | – | – | – | – | $-0.20 | $-0.29 | $-0.43 | $-0.28 | $-0.29 | $-0.29 |
| Return on invested capital? | 2.5% | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $8.4M | $6.5M | $10.4M | $21.4M | $25.0M | $32.4M | $43.8M | $40.1M | $29.5M | $7.0M |
| Capital expenditure | – | – | – | – | – | – | – | – | – | – |
| Free cash flow | – | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | – | – | – | – | – | – | – | – | – | – |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $5.0M | $6.4M | $8.3M | $10.5M | $12.0M | $16.5M | $18.9M | $19.8M | $20.1M | $20.5M |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | – | – | – | – | 22.3M | 30.4M | 34.6M | 35.7M | 35.9M | 36.5M |
| Share count change? | – | – | – | – | – | 36.4% | 13.9% | 3.4% | 0.5% | 1.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.4M | $2.9M | $14.7M | $13.7M | $9.2M | $16.7M | $61.1M | $18.6M | $18.3M | $27.2M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $207.3M | $301.0M | $335.9M | $481.9M | $624.1M | $668.0M | $626.5M | $574.1M | $527.5M | $473.6M |
| Net debt | $204.9M | $298.1M | $321.2M | $468.2M | $614.8M | $651.3M | $565.4M | $555.5M | $509.2M | $446.5M |
| Shareholders' equity | $76.7M | $109.9M | $176.2M | $276.6M | $383.8M | $586.8M | $731.4M | $719.6M | $687.2M | $670.3M |
Latest filings
| 2026-08-11 | 8-K | Earnings release |
| 2026-08-11 | 10-Q | Quarterly report |
| 2026-05-11 | 8-K | Earnings release |
| 2026-05-11 | 10-Q | Quarterly report |
| 2026-03-27 | DEF 14A | Proxy statement |
| 2026-02-24 | 8-K | Earnings release |
| 2026-02-24 | 10-K | Annual report |
| 2025-11-05 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-08-07 | 8-K | Earnings release |
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