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Equiscale · Syntellia LLC
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 farms are predominantly located in regions where its tenants can 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 year and harvested annually. Over 30% of its 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 US dollars per month, or 0.5604 US dollars per year. Gladstone Land Corporation was founded and established on June 14, 1997 and incorporated in Maryland.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $88M | $68M | $14M | $-0M | 2.0% | 3.7% | 1.8% |
| 2024 | $85M | $70M | $13M | $24M | 1.9% | -5.7% | -8.8% |
| 2023 | $90M | $75M | $15M | $27M | 2.0% | 1.3% | 209.4% |
| 2022 | $89M | $66M | $5M | $24M | 0.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 89.24 | 90.40 | 85.22 | 88.34 |
| Operating Revenue | - | 89.24 | 90.32 | 84.76 | 88.29 |
| Cost Of Revenue | - | 2.82 | 4.20 | 5.33 | 16.28 |
| Gross Profit | - | 86.42 | 86.20 | 79.88 | 72.06 |
| Operating Expense | - | 51.64 | 52.71 | 48.50 | 47.52 |
| Selling General And Administration | - | 13.05 | 13.78 | 13.34 | 10.24 |
| Total Expenses | - | 54.46 | 56.92 | 53.84 | 63.80 |
| Operating Income | - | 34.77 | 33.48 | 31.38 | 24.54 |
| EBITDA | - | 65.91 | 75.48 | 70.29 | 68.20 |
| Normalized EBITDA | - | 69.73 | 71.29 | 66.79 | 58.10 |
| EBIT | - | 30.45 | 38.23 | 35.17 | 33.55 |
| Interest Expense | - | 25.74 | 23.66 | 21.88 | 20.02 |
| Net Interest Income | - | -25.74 | -23.66 | -21.88 | -20.02 |
| Other Non Operating Income Expenses | - | -0.43 | 0.61 | 0.36 | -1.06 |
| Other Income Expense | - | -4.32 | 4.75 | 3.80 | 9.01 |
| Interest Expense Non Operating | - | 25.74 | 23.66 | 21.88 | 20.02 |
| Net Non Operating Interest Income Expense | - | -25.74 | -23.66 | -21.88 | -20.02 |
| Pretax Income | - | 4.72 | 14.56 | 13.29 | 13.53 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.80 | 0.88 | 0.73 | 2.12 |
| Net Income Continuous Operations | - | 4.72 | 14.56 | 13.29 | 13.53 |
| Net Income From Continuing And Discontinued Operation | - | 4.71 | 14.56 | 13.29 | 13.53 |
| Net Income From Continuing Operation Net Minority Interest | - | 4.71 | 14.56 | 13.29 | 13.53 |
| Net Income | - | 4.71 | 14.56 | 13.29 | 13.53 |
| Net Income Common Stockholders | - | -15.01 | -9.85 | -10.46 | -10.48 |
| Net Income Including Noncontrolling Interests | - | 4.72 | 14.56 | 13.29 | 13.53 |
| Normalized Income | - | 7.72 | 11.25 | 10.53 | 5.55 |
| Diluted NI Availto Com Stockholders | - | -15.01 | -9.85 | -10.46 | -10.48 |
| Basic Average Shares | - | 34.56 | 35.73 | 35.91 | 36.51 |
| Diluted Average Shares | - | 34.56 | 35.73 | 35.91 | 36.51 |
| Reconciled Depreciation | - | 35.46 | 37.25 | 35.11 | 34.65 |
| Reconciled Cost Of Revenue | - | 2.73 | 4.11 | 5.28 | 16.18 |
| Total Unusual Items | - | -3.82 | 4.19 | 3.50 | 10.10 |
| Total Unusual Items Excluding Goodwill | - | -3.82 | 4.19 | 3.50 | 10.10 |
| Preferred Stock Dividends | - | 19.69 | 24.37 | 24.25 | 24.01 |
| Minority Interests | -0.02 | -0.01 | 0 | 0 | - |
| Special Income Charges | - | -0.06 | -1.02 | -2.39 | -3.78 |
| Other Special Charges | - | 0.06 | 1.02 | 0.28 | -0.14 |
| Write Off | - | 0 | 0 | 2.11 | 3.92 |
| Gain On Sale Of Security | - | -3.76 | 5.21 | 5.89 | 13.88 |
| Depreciation Amortization Depletion Income Statement | - | 35.37 | 37.16 | 35.06 | 34.55 |
| Depreciation And Amortization In Income Statement | - | 35.37 | 37.16 | 35.06 | 34.55 |
| General And Administrative Expense | - | 13.05 | 13.78 | 13.34 | 10.24 |
| Other Gand A | - | 13.05 | 13.78 | 13.34 | 10.24 |
| Other Operating Expenses | - | 3.22 | 1.77 | 0.11 | 2.72 |
| Otherunder Preferred Stock Dividend | - | 0.02 | 0.05 | -0.50 | 0 |
| Earnings From Equity Interest | - | -0.07 | -0.06 | -0.06 | -0.03 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Gladstone Land Corporationthis co. | LAND | $402M | 29.75↑ premium | 0.60 | 2.0% | 12.45 |
| Farmland Partners Inc. | FPI | $456M | 14.46 | 0.99 | 6.9% | 13.23 |
| KKR Real Estate Finance Trust Inc. | KREF | $453M | - | 0.39 | -6.0% | - |
| FRP Holdings, Inc. | FRPH | $452M | 135.80 | 1.06 | 0.8% | 30.39 |
| FrontView REIT, Inc. | FVR |
| - |
| - |
| - |
| - |
| - |
| - |
| $415M |
| -108.44 |
| 1.06 |
| -1.0% |
| 14.82 |
| NexPoint Real Estate Finance, Inc. | NREF | $364M | 3.46 | 0.94 | 27.1% | - |
| Claros Mortgage Trust, Inc. | CMTG | $355M | -0.73 | 0.23 | -31.9% | - |
| The RMR Group Inc. | RMR | $348M | 19.78 | 1.53 | 7.7% | 7.87 |
| The Real Brokerage Inc. | REAX | $348M | -42.90 | 6.73 | -15.7% | - |
| Peer Median | - | 3.46 | 1.02 | -0.1% | 14.02 | |
Historically, Nov has averaged the highest return (+6.0%); Sep the lowest (-6.8%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +21.9%Positive MonthJan 2026: +21.86% | +10.1%Positive MonthFeb 2026: +10.13% | -16.9%Negative MonthMar 2026: -16.94% | -6.0%Negative MonthApr 2026: -5.98% | -1.1%Neutral MonthMay 2026: -1.15% | -10.0%Negative MonthJun 2026: -10.02% | -4.9%Negative MonthJul 2026: -4.92% | +6.2%*Positive MonthAug 2026: +6.17% | — | — | — | — |
| 2025 | +0.1%Neutral MonthJan 2025: +0.09% | +5.5%Positive MonthFeb 2025: +5.52% | -8.2%Negative MonthMar 2025: -8.20% | -5.6%Negative MonthApr 2025: -5.61% | -0.5%Neutral MonthMay 2025: -0.45% | +2.9%Positive MonthJun 2025: +2.88% | -9.5%Negative MonthJul 2025: -9.54% | +0.0%Neutral MonthAug 2025: +0.00% | -0.4%Neutral MonthSep 2025: -0.43% | -1.1%Neutral MonthOct 2025: -1.09% | +2.8%Positive MonthNov 2025: +2.76% | -1.7%Neutral MonthDec 2025: -1.72% |
| 2024 | -2.0%Negative MonthJan 2024: -2.01% | -8.1%Negative MonthFeb 2024: -8.12% | +2.5%Positive MonthMar 2024: +2.54% | -4.9%Negative MonthApr 2024: -4.95% | +6.5%Positive MonthMay 2024: +6.47% | +1.4%Neutral MonthJun 2024: +1.41% | +8.5%Positive MonthJul 2024: +8.47% | -8.6%Negative MonthAug 2024: -8.62% | +2.4%Positive MonthSep 2024: +2.43% | -6.3%Negative MonthOct 2024: -6.26% | -7.8%Negative MonthNov 2024: -7.83% | -9.7%Negative MonthDec 2024: -9.66% |
| 2023 | +6.5%Positive MonthJan 2023: +6.49% | -9.9%Negative MonthFeb 2023: -9.93% | -5.4%Negative MonthMar 2023: -5.40% | -3.2%Negative MonthApr 2023: -3.24% | -1.9%Neutral MonthMay 2023: -1.86% | +2.9%Positive MonthJun 2023: +2.91% | +2.9%Positive MonthJul 2023: +2.89% | -6.0%Negative MonthAug 2023: -6.03% | -9.5%Negative MonthSep 2023: -9.54% | -4.0%Negative MonthOct 2023: -4.01% | +5.1%Positive MonthNov 2023: +5.05% | +0.7%Neutral MonthDec 2023: +0.70% |
| 2022 | -9.7%Negative MonthJan 2022: -9.72% | -1.9%Neutral MonthFeb 2022: -1.94% | +21.8%Positive MonthMar 2022: +21.85% | -0.1%Neutral MonthApr 2022: -0.05% | -26.3%Negative MonthMay 2022: -26.26% | -17.4%Negative MonthJun 2022: -17.44% | +22.3%Positive MonthJul 2022: +22.34% | -13.3%Negative MonthAug 2022: -13.28% | -23.0%Negative MonthSep 2022: -23.01% | +12.4%Positive MonthOct 2022: +12.43% | +0.9%Neutral MonthNov 2022: +0.93% | -10.7%Negative MonthDec 2022: -10.66% |
| 2021 | — | — | — | — | +10.2%Positive MonthMay 2021: +10.20% | +4.0%Positive MonthJun 2021: +4.02% | -3.1%Negative MonthJul 2021: -3.08% | +1.0%Neutral MonthAug 2021: +0.99% | -3.3%Negative MonthSep 2021: -3.31% | -2.8%Negative MonthOct 2021: -2.77% | +29.0%Positive MonthNov 2021: +29.04% | +18.2%Positive MonthDec 2021: +18.17% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
