LAND - Gladstone Land Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$13.33
DETAILS
HIGH:
$16.00
LOW:
$10.00
MEDIAN:
$14.00
CONSENSUS:
$13.33
UPSIDE:
38.42%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 88.3 | 85.2 | 90.4 | 89.2 | 75.3 | 57.0 | 40.7 | 36.7 | 25.1 | 17.3 | 11.9 | 7.2 | 4.0 | 3.4 | 3.0 | 2.4 |
| Cost of Revenue | 93.4 | 5.3 | 4.2 | 2.8 | 2.5 | 1.8 | 2.5 | 2.0 | 1.2 | 0.7 | 0.7 | 0.4 | 0.1 | 0.1 | 0.1 | 0.0 |
| Gross Profit | (5.0) | 79.9 | 86.2 | 86.4 | 72.8 | 55.2 | 38.2 | 34.6 | 24.0 | 16.6 | 11.2 | 6.8 | 3.9 | 3.3 | 2.9 | 2.4 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 5.0 | 13.3 | 13.8 | 13.1 | 10.0 | 7.8 | 5.3 | 5.5 | 4.5 | 3.8 | 3.0 | 2.9 | 1.6 | 0.8 | 1.1 | 0.5 |
| Other Expenses | (34.0) | 35.2 | 38.9 | 38.6 | 31.1 | 19.7 | 13.6 | (1.5) | (1.6) | (0.6) | 0.0 | 0.0 | 0.7 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | (29.0) | 48.5 | 52.7 | 51.6 | 41.1 | 27.5 | 18.9 | 22.5 | 12.5 | 9.3 | 6.1 | 4.6 | 2.4 | 1.2 | 1.6 | 0.8 |
| Operating Income | ||||||||||||||||
| Operating Income | 24.0 | 31.4 | 33.5 | 34.8 | 31.7 | 27.7 | 19.3 | 12.1 | 11.4 | 7.1 | 4.6 | 1.6 | 1.4 | 1.9 | 1.3 | 1.6 |
| Interest Expense | 23.0 | 21.9 | 23.7 | 25.7 | 0 | 0 | 16.3 | 12.1 | 9.8 | 6.0 | 4.2 | 2.0 | 1.1 | 1.0 | 0.8 | 0.7 |
| Interest Income | 0 | 0 | 0 | 0 | 2.2 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||||||||
| EBITDA | 71.1 | 70.3 | 75.5 | 65.9 | 55.7 | 42.3 | 30.9 | (21.6) | 18.6 | 12.2 | 7.8 | 3.6 | 2.1 | 1.4 | 1.0 | 1.2 |
| EBIT | 36.6 | 35.2 | 38.2 | 30.5 | 28.4 | 25.6 | 18.1 | 14.9 | 9.7 | 7.1 | 4.7 | 1.9 | 1.4 | 1.9 | 0.8 | 1.6 |
| Income Before Tax | 13.5 | 13.3 | 14.6 | 4.7 | 3.5 | 5.0 | 1.8 | 2.8 | (0.0) | 0.5 | 0.6 | (0.1) | 0.3 | 0.9 | 0.0 | 0.9 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8 | 0 | 0.0 | 0.5 | 0.0 | 1.5 | 0.3 | 0.0 | 0.3 |
| Net Income | 13.5 | 13.3 | 14.6 | 4.7 | 3.5 | 4.9 | 1.7 | 2.6 | (0.0) | 0.4 | 0.6 | (0.1) | (1.2) | 0.6 | 0.0 | 0.6 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | -0.29 | -0.29 | -0.28 | -0.43 | -0.29 | -0.20 | -0.13 | 0.17 | -0.00 | 0.04 | 0.07 | -0.02 | -0.20 | 0.10 | 0.00 | 0.20 |
| EPS (Diluted) | -0.29 | -0.29 | -0.28 | -0.43 | -0.29 | -0.20 | -0.13 | 0.17 | -0.00 | 0.04 | 0.07 | -0.02 | -0.20 | 0.10 | 0.00 | 0.20 |
| Shares Outstanding | 36.5 | 35.9 | 35.7 | 34.6 | 30.4 | 22.3 | 19.6 | 15.5 | 12.1 | 10.0 | 8.6 | 6.9 | 6.2 | 6.1 | 2.8 | 2.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 27.2 | 18.3 | 18.6 | 61.1 | 16.7 | 9.2 | 13.7 | 14.7 | 2.9 | 2.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 1.7 | 46.3 | 53.6 | 0 | 0 | 0 | 0 | 0 | 1.5 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 28.8 | 64.6 | 72.2 | 61.1 | 16.7 | 9.2 | 13.7 | 14.7 | 4.5 | 2.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 34.7 | 0.1 | 0 | 539.0 | 449.5 | 326.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.1 | 3.6 | 4.8 | 5.7 | 4.5 | 3.7 | 4.8 | 5.7 | 5.5 | 2.0 |
| Long-Term Investments | 1,150.9 | 0 | 0 | 0 | 3.1 | 1.2 | 0 | (565.1) | (462.3) | (334.0) |
| Other Non-Current Assets | (1,150.9) | 1,244.0 | 1,310.3 | 1,390.4 | 1,330.4 | 1,054.3 | 798.3 | 5.8 | 2.8 | 3.2 |
| Total Non-Current Assets | 3.1 | 1,247.6 | 1,315.1 | 1,396.1 | 1,334.8 | 1,058.1 | 803.1 | 550.4 | 457.8 | 331.5 |
| Total Assets | 1,239.2 | 1,312.2 | 1,387.3 | 1,457.3 | 1,351.5 | 1,067.3 | 816.8 | 565.1 | 462.3 | 334.0 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 18.4 | 10.3 | 16.3 | 10.9 | 9.1 | 10.1 | 9.2 | 7.4 | 2.8 |
| Short-Term Debt | 17.2 | 3.6 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 10 | 16.6 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 10 | 16.6 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.9 | 0.8 |
| Total Current Liabilities | 17.2 | 25.0 | 14.4 | 20.7 | 15.2 | 11.7 | 12.4 | 10.2 | 18.3 | 20.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 518.7 | 523.9 | 573.9 | 626.4 | 667.9 | 624.0 | 481.8 | 335.8 | 291.0 | 190.8 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0.7 | 0.7 |
| Other Non-Current Liabilities | 31.0 | 76.1 | 79.4 | 78.8 | 79.4 | 47.9 | 43.6 | 38.2 | 35.0 | 35.3 |
| Total Non-Current Liabilities | 551.6 | 600.0 | 653.3 | 705.2 | 747.3 | 671.8 | 525.4 | 373.9 | 326.0 | 226.1 |
| Total Liabilities | 568.9 | 625.0 | 667.7 | 725.9 | 762.5 | 683.5 | 537.8 | 384.1 | 344.3 | 246.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (205.5) | (174.6) | (144.0) | (114.4) | (80.5) | (55.2) | (38.8) | (25.8) | (19.8) | (13.4) |
| Accumulated Other Comprehensive Income | 4.9 | 7.6 | 7.4 | 9.0 | (1.0) | (1.5) | (0.4) | (25.8) | (27.9) | (27.7) |
| Total Stockholders' Equity | 670.3 | 687.2 | 719.6 | 731.4 | 586.8 | 383.8 | 276.6 | 176.2 | 109.9 | 76.7 |
| Total Liabilities & Equity | 1,239.2 | 1,312.2 | 1,387.3 | 1,457.3 | 1,351.5 | 1,067.3 | 816.8 | 565.1 | 462.3 | 334.0 |
| Debt Metrics | ||||||||||
| Total Debt | 537.9 | 527.5 | 574.1 | 626.5 | 668.0 | 624.1 | 481.9 | 335.9 | 301.0 | 207.3 |
| Net Debt | 510.7 | 509.2 | 555.5 | 565.4 | 651.3 | 614.8 | 468.2 | 321.2 | 298.1 | 204.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 13.5 | 13.3 | 14.6 | 4.7 | 3.5 | 5.0 | 1.8 | 2.8 | (0.0) | 0.5 |
| Depreciation & Amortization | 34.6 | 35.1 | 37.3 | 35.5 | 27.3 | 16.7 | 12.8 | 9.4 | 7.2 | 5.2 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (44.1) | (18.8) | (9.4) | (1.8) | (1.6) | 0.7 | 6.2 | 2.2 | (1.1) | 2.6 |
| Other Non-Cash Items | 2.9 | (0.0) | (2.4) | 5.4 | 3.1 | 2.7 | 0.6 | (3.9) | 0.4 | 0.1 |
| Operating Cash Flow | 7.0 | 29.5 | 40.1 | 43.8 | 32.4 | 25.0 | 21.4 | 10.4 | 6.5 | 8.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.2) | (5.2) | (12.8) | (20.1) | (6.1) | (16.5) | (12.3) | (22.6) | (5.2) | (9.8) |
| Acquisitions | (0.1) | 0 | 0 | (2.7) | (2.1) | (0.6) | (0.6) | 0 | 0 | (0.5) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (71.4) | (127.8) | (85.6) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.7 | 0.2 |
| Other Investing Activities | 91.3 | 68.5 | 9.0 | (62.6) | (286.8) | (255.8) | (249.8) | (71.2) | (125.1) | (85.2) |
| Investing Cash Flow | 84.1 | 63.3 | (3.8) | (85.5) | (295.0) | (272.9) | (262.6) | (93.8) | (129.6) | (95.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (54.4) | (47.1) | (52.9) | (41.7) | 44.0 | 142.6 | 146.8 | 35.2 | 94.2 | 66.0 |
| Stock Repurchased | (0.1) | 0 | 0 | (7.7) | 0 | 0 | 0 | (0.5) | (2.6) | 0 |
| Dividends Paid | (44.5) | (44.3) | (45.1) | (37.0) | (29.2) | (21.0) | (14.1) | (8.7) | (6.4) | (5.0) |
| Other Financing Activities | (0.2) | (0.2) | (1.0) | (14.7) | (9.5) | (7.9) | (10.5) | 68.6 | 35.8 | (3.2) |
| Financing Cash Flow | (82.2) | (93.2) | (78.9) | 86.1 | 270.1 | 243.4 | 240.2 | 95.2 | 123.6 | 87.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 8.9 | (0.3) | (42.6) | 44.4 | 7.5 | (4.5) | (1.0) | 11.8 | 0.5 | (0.1) |
| Cash at Beginning | 18.3 | 18.6 | 61.1 | 16.7 | 9.2 | 13.7 | 14.7 | 2.9 | 2.4 | 2.5 |
| Cash at End | 27.2 | 18.3 | 18.6 | 61.1 | 16.7 | 9.2 | 13.7 | 14.7 | 2.9 | 2.4 |
| Free Cash Flow | (0.2) | 24.4 | 27.3 | 23.7 | 26.3 | 8.5 | 9.1 | (12.2) | 1.3 | (1.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 88.3 | 85.2 | 90.4 | 89.2 | 75.3 | 57.0 | 40.7 | 36.7 | 25.1 | 17.3 | 11.9 | 7.2 | 4.0 | 3.4 | 3.0 | 2.4 |
| Gross Profit | (5.0) | 79.9 | 86.2 | 86.4 | 72.8 | 55.2 | 38.2 | 34.6 | 24.0 | 16.6 | 11.2 | 6.8 | 3.9 | 3.3 | 2.9 | 2.4 |
| Operating Income | 24.0 | 31.4 | 33.5 | 34.8 | 31.7 | 27.7 | 19.3 | 12.1 | 11.4 | 7.1 | 4.6 | 1.6 | 1.4 | 1.9 | 1.3 | 1.6 |
| Net Income | 13.5 | 13.3 | 14.6 | 4.7 | 3.5 | 4.9 | 1.7 | 2.6 | (0.0) | 0.4 | 0.6 | (0.1) | (1.2) | 0.6 | 0.0 | 0.6 |
| EPS (Diluted) | -0.29 | -0.29 | -0.28 | -0.43 | -0.29 | -0.20 | -0.13 | 0.17 | -0.00 | 0.04 | 0.07 | -0.02 | -0.20 | 0.10 | 0.00 | 0.20 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 27.2 | 18.3 | 18.6 | 61.1 | 16.7 | 9.2 | 13.7 | 14.7 | 2.9 | 2.4 | ||||||
| Total Assets | 1,239.2 | 1,312.2 | 1,387.3 | 1,457.3 | 1,351.5 | 1,067.3 | 816.8 | 565.1 | 462.3 | 334.0 | ||||||
| Total Debt | 537.9 | 527.5 | 574.1 | 626.5 | 668.0 | 624.1 | 481.9 | 335.9 | 301.0 | 207.3 | ||||||
| Stockholders' Equity | 670.3 | 687.2 | 719.6 | 731.4 | 586.8 | 383.8 | 276.6 | 176.2 | 109.9 | 76.7 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 7.0 | 29.5 | 40.1 | 43.8 | 32.4 | 25.0 | 21.4 | 10.4 | 6.5 | 8.4 | ||||||
| Capital Expenditure | (7.2) | (5.2) | (12.8) | (20.1) | (6.1) | (16.5) | (12.3) | (22.6) | (5.2) | (9.8) | ||||||
| Free Cash Flow | (0.2) | 24.4 | 27.3 | 23.7 | 26.3 | 8.5 | 9.1 | (12.2) | 1.3 | (1.4) | ||||||