Gladstone Land Corporation

Our Business

Gladstone Land acquires farmland that it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent to Gladstone Land. We offer land owners and farmers the following options:

For sellers that farm the land, we offer a long-term sale leaseback transaction which allows farmers to free up capital to repay existing indebtedness, grow their farming operations, retire or for other business endeavors.
For sellers that do not farm the land, we will purchase the property and keep the existing tenant on the farm with a long-term lease.
For farmers that find properties they want to farm, but not own, we may purchase the farm and rent it to the farmer with flexible lease terms.
Our Goal

Our goal is to build the premier farmland real estate company focused on ownership of high quality farms and farm-related properties that are leased on a triple-net basis lease to good tenants.

Type
Public
HQ
Mc Lean, US
Founded
2001
Gladstone Land Corporation was founded in 2001 and is headquartered in McLean, US

Gladstone Land Corporation Office Locations

Gladstone Land Corporation has an office in McLean
McLean, US (HQ)
100 1521 Westbranch Dr

Gladstone Land Corporation Data and Metrics

Gladstone Land Corporation Financial Metrics

Gladstone Land Corporation's revenue was reported to be $5.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

5.8 m

Net income (Q1, 2017)

173 k

EBIT (Q1, 2017)

2.6 m

Market capitalization (15-Aug-2017)

161.2 m

Cash (31-Mar-2017)

2.5 m
Gladstone Land Corporation's current market capitalization is $161.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4 m7.2 m11.9 m17.3 m

Revenue growth, %

78%66%45%

Sales and marketing expense

1.5 m

General and administrative expense

1.5 m

Operating expense total

3 m

EBIT

1.4 m1.6 m4.6 m7.1 m

EBIT margin, %

34%22%38%41%

Interest expense

1.1 m2 m4.2 m6 m

Interest income

56.2 k12 k

Pre tax profit

295 k

Income tax expense

(1.5 m)(26.5 k)(26.5 k)

Net Income

(1.2 m)(125.1 k)568.5 k473.5 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.6 m1.8 m2.6 m2.8 m3.1 m3.7 m4.2 m4.5 m5.8 m

Sales and marketing expense

387.2 k385.6 k385.6 k

General and administrative expense

207 k167.1 k230.4 k252.6 k201.8 k431.3 k408.4 k356.5 k446 k

Operating expense total

207 k167.1 k230.4 k252.6 k201.8 k818.5 k794 k742.1 k446 k

EBIT

357.5 k301.6 k954.5 k894.7 k1.2 m1.4 m1.6 m1.8 m2.6 m

EBIT margin, %

23%17%36%32%38%38%38%40%45%

Interest expense

(405.8 k)(501.1 k)(949.4 k)(947.4 k)(1.1 m)(1.3 m)(1.5 m)(1.6 m)(2.2 m)

Interest income

4.3 k971

Pre tax profit

24.6 k(30.3 k)

Income tax expense

(6.6 k)(6.9 k)(6.6 k)(6.6 k)(6.9 k)

Net Income

(301.1 k)100.4 k24.6 k(30.3 k)206.4 k240 k115.9 k34.6 k173 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

16.3 m2.6 m2.5 m2.4 m

Accounts Receivable

433.9 k

Total Assets

93.7 m151.7 m229.7 m334 m

Accounts Payable

1.1 m1.9 m3.5 m2.8 m

Total Liabilities

246.2 m

Additional Paid-in Capital

51.3 m65.4 m86.9 m90.1 m

Retained Earnings

(2.8 m)

Total Equity

48.5 m60 m78 m76.7 m

Financial Leverage

1.9 x2.5 x2.9 x4.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

3.8 m3 m2.2 m3.2 m2.7 m2.2 m2.1 m2.4 m2.5 m

Total Assets

93.8 m120.6 m172.1 m189.2 m219.2 m257 m275.2 m316.3 m387 m

Accounts Payable

676.6 k928.7 k2.4 m2.9 m2.7 m4.7 m3.9 m2.2 m2.6 m

Additional Paid-in Capital

51.3 m64.5 m65.4 m79.1 m79.1 m87.5 m87.5 m89.4 m109 m

Retained Earnings

(9.9 m)(11 m)(12.2 m)(14.6 m)

Total Equity

47.1 m59.8 m59.2 m71.9 m71 m83.4 m76.5 m77.2 m94.4 m

Financial Leverage

2 x2 x2.9 x2.6 x3.1 x3.1 x3.6 x4.1 x4.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.2 m)(125.1 k)568.5 k473.5 k

Depreciation and Amortization

722.5 k1.7 m3.1 m5.2 m

Cash From Operating Activities

(460.4 k)3.5 m4.8 m8.4 m

Cash From Investing Activities

(38.7 m)(71.3 m)(78.5 m)(95.5 m)

Cash From Financing Activities

54.6 m54.1 m73.6 m87 m

Interest Paid

1.4 m3.3 m6 m

Income Taxes Paid

27 k27 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(301.1 k)100.4 k24.6 k(30.3 k)206.4 k240 k115.9 k34.6 k173 k

Depreciation and Amortization

330.5 k447.3 k791.6 k711.8 k809.4 k976.7 k1.3 m1.4 m1.5 m

Accounts Payable

676.6 k928.7 k2.4 m2.9 m2.7 m4.7 m3.9 m2.2 m2.6 m
Y, 2017

Financial Leverage

4.1 x

Gladstone Land Corporation Market Value History

Traffic Overview of Gladstone Land Corporation

Gladstone Land Corporation Company Life and Culture

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