Gladstone Land Corporation (FRA:3L4)

Gladstone Land Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	67.93	84.76	90.32	89.24	75.32	57.03
Other Revenue	0.01	0.39	0.02	-0.07	-0.06	-0
Total Revenue	67.94	85.16	90.34	89.16	75.26	57.03
Revenue Growth (YoY	-23.20%	-5.74%	1.32%	18.48%	31.97%	40.14%
Property Expenses	13.72	13.7	12.8	11.13	8.87	6.14
Selling, General & Administrative	4.87	5.08	6.95	7.97	7.57	6.59
Depreciation & Amortization	33.85	35.06	37.16	35.37	27.18	16.66
Total Operating Expenses	52.43	53.84	56.92	54.46	43.61	29.38
Operating Income	15.5	31.32	33.42	34.7	31.64	27.65
Interest Expense	-23.42	-24.9	-26.68	-28.76	-27.95	-22.45
Interest & Investment Income	2.38	3.38	3.63	3.44	2.29	-
Other Non-Operating Income	-	-	-	-0.85	-	1.87
EBT Excluding Unusual Items	-5.53	9.79	10.37	8.53	5.98	7.07
Gain (Loss) on Sale of Assets	15.57	5.89	5.21	-3.76	-2.54	-2.18
Total Insurance Settlements	0.14	-	-	-	0.07	0.07
Asset Writedown	-0.32	-2.11	-	-	-	-
Other Unusual Items	-	-0.28	-1.02	-0.06	-	-
Pretax Income	9.86	13.29	14.57	4.72	3.51	4.96
Earnings From Continuing Operations	9.86	13.29	14.57	4.72	3.51	4.96
Minority Interest in Earnings	-	-	-	-0.01	-0.02	-0.03
Net Income	9.86	13.29	14.57	4.71	3.5	4.93
Preferred Dividends & Other Adjustments	24.01	23.75	24.42	19.72	12.26	9.32
Net Income to Common	-14.15	-10.46	-9.85	-15.01	-8.76	-4.4
Net Income Growth	-32.34%	-8.75%	209.37%	34.71%	-29.05%	182.94%
Basic Shares Outstanding	36	36	36	35	30	22
Diluted Shares Outstanding	36	36	36	35	30	22
Shares Change (YoY)	0.93%	0.49%	3.39%	13.86%	36.39%	13.55%
EPS (Basic)	-0.39	-0.29	-0.28	-0.43	-0.29	-0.20
EPS (Diluted)	-0.39	-0.29	-0.28	-0.43	-0.29	-0.20
Dividend Per Share	0.560	0.559	0.553	0.546	0.541	0.537
Dividend Growth	0.32%	1.08%	1.32%	1.03%	0.67%	0.53%
Operating Margin	22.82%	36.78%	37.00%	38.92%	42.05%	48.48%
Profit Margin	-20.83%	-12.28%	-10.91%	-16.83%	-11.64%	-7.71%
EBITDA	60.61	68.43	71.12	69.59	58.25	44.09
EBITDA Margin	89.22%	80.36%	78.72%	78.04%	77.39%	77.31%
D&A For Ebitda	45.11	37.11	37.7	34.88	26.6	16.44
EBIT	15.5	31.32	33.42	34.7	31.64	27.65
EBIT Margin	22.82%	36.78%	37.00%	38.92%	42.05%	48.48%
Funds From Operations (FFO)	4.49	20.89	22.19	24.18	21.01	14.49
FFO Per Share	-	0.58	0.62	0.70	0.69	0.65
Adjusted Funds From Operations (AFFO)	-	16.72	20.32	24.26	20.36	14.35
AFFO Per Share	-	0.47	0.57	0.70	0.67	0.64
FFO Payout Ratio	451.21%	96.21%	89.17%	78.13%	78.48%	83.07%
Revenue as Reported	67.98	85.22	90.4	89.24	75.32	57.03

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.