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About the company
Gladstone Land Corporation is a real estate investment trust that acquires and owns farmland and farm-related properties located in various agricultural markets in the United States. The Company owns around 168 farms, comprised of 112,000 acres in 15 different states and 46,400 acre-feet of water assets in California. Its farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables. It also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards. Approximately 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 20% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities and processing buildings, among others. Its adviser is Gladstone Management Corporation.
- Revenue in USD (TTM)90.40m
- Net income in USD-9.85m
- Incorporated2011
- Employees69.00
- LocationGladstone Land CorpSUITE 200, 1521 WESTBRANCH DRIVEMCLEAN 22102United StatesUSA
- Phone+1 (703) 287-5800
- Websitehttps://www.gladstonefarms.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Star Holdings | 123.05m | -196.36m | 156.24m | 86.00 | -- | 0.3796 | -- | 1.27 | -14.74 | -14.74 | 9.24 | 30.90 | -- | -- | -- | 1,430,849.00 | -- | -- | -- | -- | 10.68 | -- | -159.52 | -- | -- | -0.1875 | 0.3078 | -- | -0.8253 | -- | -440.21 | -- | -- | -- |
| NexPoint Real Estate Finance Inc | 97.95m | 10.40m | 228.54m | 1.00 | 21.90 | 0.629 | 12.96 | 2.33 | 0.5933 | 0.5933 | 4.88 | 20.66 | 0.0129 | -- | -- | 97,949,000.00 | 0.247 | -- | 0.2629 | -- | 43.09 | -- | 19.13 | -- | -- | -- | 0.9364 | -- | 21.22 | -- | 221.55 | -- | -- | -- |
| Aaron's Company Inc | 2.14bn | 2.82m | 230.47m | 9.07k | 93.77 | 0.3239 | 0.4332 | 0.1077 | 0.0781 | 0.0781 | 69.10 | 22.60 | 1.16 | 10.97 | 54.89 | 235,904.50 | 0.1532 | -1.57 | 0.2955 | -2.73 | 52.31 | 57.81 | 0.1319 | -1.34 | -- | 1.48 | 0.2204 | -- | -4.87 | 3.58 | 153.47 | -43.87 | 7.07 | -- |
| Ranger Energy Services Inc | 636.60m | 23.80m | 241.86m | 2.00k | 10.77 | 0.8824 | 3.80 | 0.3799 | 0.9515 | 0.9515 | 25.51 | 11.62 | 1.68 | 86.46 | 5.76 | 318,300.00 | 6.27 | 1.38 | 7.73 | 2.06 | 16.48 | 17.12 | 3.74 | 1.10 | 1.87 | 11.34 | 0.0815 | 6.41 | 4.62 | 16.00 | 57.62 | -- | -13.62 | -- |
| Willis Lease Finance Corporation | 418.56m | 40.37m | 348.06m | 361.00 | 7.89 | 0.7666 | 2.65 | 0.8316 | 6.23 | 6.23 | 64.58 | 71.39 | 0.1601 | 0.3824 | 7.94 | 1,159,435.00 | 1.68 | 1.11 | 1.72 | 1.14 | 96.37 | 92.34 | 10.46 | 7.59 | -- | 1.94 | 0.7867 | 0.00 | 34.18 | 3.74 | 1,817.91 | 0.2365 | -17.62 | -- |
| Newlake Capital Partners Inc | 47.30m | 24.59m | 381.78m | 8.00 | 16.30 | 0.9436 | 9.70 | 8.07 | 1.14 | 1.14 | 2.20 | 19.73 | 0.1066 | -- | -- | 5,913,000.00 | 5.64 | -- | 5.98 | -- | 26.14 | -- | 52.90 | -- | -- | -- | 0.0048 | -- | 5.12 | -- | 11.87 | -- | -- | -- |
| Mobile Infrastructure Corp | 30.27m | -32.48m | 388.05m | 18.00 | -- | 0.9143 | -- | 12.82 | -2.42 | -2.42 | 2.13 | 3.93 | 0.0705 | -- | 14.70 | 1,681,778.00 | -8.90 | -- | -12.43 | -- | 69.73 | -- | -126.32 | -- | -- | -1.53 | 0.4873 | -- | 4.02 | -- | -192.07 | -- | -- | -- |
| Gladstone Land Corp | 90.40m | -9.85m | 453.00m | 69.00 | -- | 0.9167 | 16.60 | 5.01 | -0.2758 | -0.2758 | 2.53 | 13.79 | 0.0636 | -- | -- | 1,310,116.00 | 1.02 | 0.5206 | 1.04 | 0.5281 | 85.95 | 87.34 | 16.11 | 8.37 | -- | 1.48 | 0.4682 | -- | 1.30 | 19.76 | 34.36 | -- | -32.89 | 0.7993 |
| Farmland Partners Inc | 57.47m | 27.79m | 518.15m | 25.00 | 26.14 | 1.00 | 14.37 | 9.02 | 0.4117 | 0.4117 | 0.9519 | 10.75 | 0.0527 | 5.22 | 7.77 | 2,298,600.00 | 2.90 | 1.37 | 3.34 | 1.59 | 76.66 | 79.62 | 55.13 | 27.77 | -- | 1.05 | 0.3639 | 156.47 | -6.12 | 0.4934 | 230.75 | -- | -9.44 | -11.11 |
| Peakstone Realty Trust | 254.28m | -557.93m | 521.51m | 35.00 | -- | 0.4685 | -- | 2.05 | -15.52 | -15.52 | 7.07 | 30.63 | 0.0792 | -- | 3.56 | 7,265,257.00 | -18.84 | -4.98 | -20.47 | -5.48 | 87.39 | 85.26 | -237.96 | -52.40 | -- | 0.1871 | 0.544 | -- | -38.95 | -5.44 | -35.45 | -- | -39.81 | -- |
| FRP Holdings Inc | 41.51m | 5.30m | 576.86m | 15.00 | 108.31 | 1.39 | 36.38 | 13.90 | 0.2803 | 0.2803 | 2.19 | 21.85 | 0.0589 | -- | 37.53 | 2,767,067.00 | 0.6924 | 2.27 | 0.7377 | 2.39 | 37.83 | 31.52 | 11.76 | 44.16 | -- | 2.18 | 0.2852 | 0.00 | 10.74 | 13.51 | 16.14 | 17.74 | 8.99 | -- |
| Franklin BSP Realty Trust Inc | 573.52m | 118.22m | 1.03bn | -- | 8.76 | 0.8006 | 8.28 | 1.80 | 1.44 | 1.44 | 6.97 | 19.93 | 0.0943 | -- | 6.58 | -- | 2.38 | 1.21 | 2.79 | 1.73 | 38.16 | 44.46 | 25.20 | 20.31 | -- | -- | 0.7139 | -- | 55.49 | 28.56 | 532.89 | 19.17 | -- | -- |
Data as of Apr 25 2024. Currency figures normalised to Gladstone Land Corp's reporting currency: US Dollar USD
28.52%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Dec 2023 | 3.44m | 9.60% |
| BlackRock Fund Advisorsas of 31 Dec 2023 | 2.36m | 6.58% |
| Geode Capital Management LLCas of 31 Dec 2023 | 840.05k | 2.34% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 775.60k | 2.16% |
| Bowen Hanes & Co., Inc.as of 31 Dec 2023 | 671.00k | 1.87% |
| KBI Global Investors Ltd.as of 31 Dec 2023 | 608.90k | 1.70% |
| Northern Trust Investments, Inc.(Investment Management)as of 31 Dec 2023 | 443.41k | 1.24% |
| Millennium Management LLCas of 31 Dec 2023 | 434.39k | 1.21% |
| KBI Global Investors (North America) Ltd.as of 31 Dec 2023 | 336.27k | 0.94% |
| New Jersey Division of Investmentas of 31 Dec 2023 | 315.00k | 0.88% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
