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 Financials and Metrics

Gladstone Land Corporation Financials

Gladstone Land Corporation's revenue was reported to be $17.3 m in FY, 2016
USD

Revenue (Q2, 2017)

6 m

Net income (Q2, 2017)

255 k

EBIT (Q2, 2017)

2.9 m

Market capitalization (13-Dec-2017)

163.6 m

Cash (30-Jun-2017)

2.8 m
Gladstone Land Corporation's current market capitalization is $163.6 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

996.1 k1.5 m1.6 m1.8 m2.6 m2.8 m3.1 m3.7 m4.2 m4.5 m5.8 m6 m

Sales and marketing expense

387.2 k385.6 k385.6 k

General and administrative expense

192 k217.3 k207 k167.1 k230.4 k252.6 k201.8 k431.3 k408.4 k356.5 k446 k387 k

Operating expense total

192 k1.1 m207 k167.1 k230.4 k252.6 k201.8 k818.5 k794 k742.1 k3.1 m3.1 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

39.4 m13.5 m3.8 m3 m2.2 m3.2 m2.7 m2.2 m2.1 m2.4 m2.5 m2.8 m

Total Assets

85.7 m91.6 m93.8 m120.6 m172.1 m189.2 m219.2 m257 m275.2 m316.3 m387 m417 m

Accounts Payable

669.1 k1 m676.6 k928.7 k2.4 m2.9 m2.7 m4.7 m3.9 m2.2 m2.6 m4.7 m

Total Liabilities

31.4 m43.7 m46.7 m60.8 m112.9 m117.3 m148.2 m173.5 m193 m229.8 m281 m312.5 m
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.8 k20.9 k(301.1 k)100.4 k24.6 k(30.3 k)206.4 k240 k115.9 k34.6 k173 k

Depreciation and Amortization

171.8 k288 k330.5 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

4.5 x
Show all financial metrics

Gladstone Land Corporation Market Value History

Gladstone Land Corporation's Web-traffic and Trends

Gladstone Land Corporation Company Life and Culture

You may also be interested in