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
Mc Lean, 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 $17.3 m in FY, 2016 which is a 45% increase from the previous period.
$, USD

Revenue (FY, 2016)

17.3 m

Revenue growth (FY, 2015 - FY, 2016), %

45%

Net income (FY, 2016)

473.5 k

EBIT (FY, 2016)

7.1 m

Market capitalization (22-Jun-2017)

134.9 m

Closing share price (22-Jun-2017)

11.3

Cash (31-Dec-2016)

2.4 m
Gladstone Land Corporation's current market capitalization is $134.9 m.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4 m7.2 m11.9 m17.3 m

Revenue growth, %

78%66%45%

EBIT

1.4 m1.6 m4.6 m7.1 m

EBIT margin, %

34%22%38%41%

Interest income

56.2 k12 k

Pre tax profit

295 k

Net Income

(1.2 m)(125.1 k)568.5 k473.5 k
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

16.3 m2.6 m2.5 m2.4 m

Total Assets

93.7 m151.7 m229.7 m334 m

Accounts Payable

1.1 m1.9 m3.5 m2.8 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
$, 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
Y, 2016

Financial Leverage

4.4 x

Gladstone Land Corporation Market Value History

Gladstone Land Corporation Company Life and Culture

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