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
McLean, 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 Metrics

Gladstone Land Corporation Financial Metrics

Revenue (2016)

$17.3 m

Revenue growth (2015-16), %

45%

Net income (2016)

$473.5 k

Market capitalization (21-Mar-2017)

$112 m

Closing share price (21-Mar-2017)

$11.2

Cash (31-Dec-2016)

$2.4 m
Gladstone Land Corporation's current market capitalization is $112 m.
Gladstone Land Corporation's revenue was reported to be $17.3 m in FY, 2016 which is a 45.5% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$4 m$7.2 m$11.9 m$17.3 m

Revenue growth, %

78%66%45%

EBIT

$1.4 m$1.6 m$4.6 m$7.1 m

EBIT margin, %

34%22%38%41%

Interest income

$56.2 k$12 k

Pre tax profit

$295 k

Net Income

($1.2 m)($125.1 k)$568.5 k$473.5 k
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$16.3 m$2.6 m$2.5 m$2.4 m

Accounts Receivable

Inventories

Total Assets

$93.7 m$151.7 m$229.7 m$334 m

Accounts Payable

$1.1 m$1.9 m$3.5 m$2.8 m

Additional Paid-in Capital

$51.3 m$65.4 m$86.9 m$90.1 m

Retained Earnings

($2.8 m)

Total Equity

$48.5 m$60 m$78 m$76.7 m

Financial Leverage

1.9 x2.5 x2.9 x4.4 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($1.2 m)($125.1 k)$568.5 k$473.5 k

Depreciation and Amortization

$722.5 k$1.7 m$3.1 m$5.2 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

($460.4 k)$3.5 m$4.8 m$8.4 m

Cash From Investing Activities

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

Cash From Financing Activities

$54.6 m$54.1 m$73.6 m$87 m

Interest Paid

$1.4 m$3.3 m$6 m

Income Taxes Paid

$27 k$27 k

Gladstone Land Corporation Market Value History

Gladstone Land Corporation Company Life

You may also be interested in