Gladstone Land (LANDM) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
85.2M
Gross Profit
79.9M
93.74%
Operating Income
31.4M
36.82%
Net Income
13.3M
15.60%
Balance Sheet Metrics
Total Assets
1.3B
Total Liabilities
625.0M
Shareholders Equity
687.2M
Debt to Equity
0.91
Cash Flow Metrics
Operating Cash Flow
39.0M
Free Cash Flow
24.4M
Revenue & Profitability Trend
Gladstone Land Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 85.2M | 90.4M | 89.2M | 75.3M | 57.0M |
| Cost of Goods Sold | 5.3M | 4.2M | 2.8M | 2.5M | 1.8M |
| Gross Profit | 79.9M | 86.2M | 86.4M | 72.8M | 55.2M |
| Operating Expenses | 13.4M | 15.6M | 16.3M | 13.9M | 10.9M |
| Operating Income | 31.4M | 33.5M | 34.8M | 31.7M | 27.7M |
| Pre-tax Income | 13.3M | 14.6M | 4.7M | 3.5M | 5.0M |
| Income Tax | - | - | - | - | - |
| Net Income | 13.3M | 14.6M | 4.7M | 3.5M | 5.0M |
| EPS (Diluted) | - | - | - | - | - |
Income Statement Trend
Gladstone Land Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 64.6M | 72.2M | 61.1M | 16.7M | 9.2M |
| Non-Current Assets | 1.2B | 1.3B | 1.4B | 1.3B | 1.1B |
| Total Assets | 1.3B | 1.4B | 1.5B | 1.4B | 1.1B |
| Liabilities | |||||
| Current Liabilities | 25.0M | 14.4M | 20.7M | 15.2M | 11.7M |
| Non-Current Liabilities | 600.0M | 653.3M | 705.2M | 747.3M | 671.8M |
| Total Liabilities | 625.0M | 667.7M | 725.9M | 762.5M | 683.5M |
| Equity | |||||
| Total Shareholders Equity | 687.2M | 719.6M | 731.4M | 589.1M | 383.8M |
Balance Sheet Composition
Gladstone Land Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 13.3M | 14.6M | 4.7M | 3.5M | 5.0M |
| Operating Cash Flow | 39.0M | 48.5M | 34.2M | 27.9M | 23.5M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 0 | 0 | -2.7M | -2.1M | -505.0K |
| Financing Activities | |||||
| Dividends Paid | -44.3M | -45.1M | -37.0M | -29.2M | -21.0M |
| Financing Cash Flow | -93.2M | -79.0M | 86.1M | 270.1M | 221.1M |
| Free Cash Flow | 24.4M | 27.3M | 23.7M | 26.3M | 8.5M |
Cash Flow Trend
Gladstone Land Key Financial Ratios
Valuation Ratios
Price to Book
1.29
Price to Sales
5.00
Profitability Ratios
Profit Margin
18.16%
Operating Margin
22.37%
Return on Equity
2.10%
Return on Assets
1.32%
Financial Health
Current Ratio
2.58
Debt to Equity
81.12
Beta
1.11
Per Share Data
EPS (TTM)
-$0.11
Book Value per Share
$19.07
Revenue per Share
$2.27
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| landm | 408.7M | - | 1.29 | 2.10% | 18.16% | 81.12 |
| American Tower | 101.8B | 35.19 | 28.80 | 28.42% | 17.94% | 446.68 |
| Equinix | 87.1B | 93.29 | 6.27 | 7.06% | 10.52% | 141.24 |
| Uniti | 1.0B | 16.23 | -0.41 | -3.72% | 5.48% | -2.49 |
| Farmland Partners | 541.8M | 10.63 | 1.09 | 10.20% | 107.15% | 34.12 |
Financial data is updated regularly. All figures are in the company's reporting currency.