Gladstone Land Corporation (LAND)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	72.77	84.76	90.32	89.24	75.32	57.03
Other Revenue	-0.07	0.39	0.02	-0.07	-0.06	-0
Total Revenue	72.69	85.16	90.34	89.16	75.26	57.03
Revenue Growth (YoY	-18.66%	-5.74%	1.32%	18.48%	31.97%	40.14%
Property Expenses	13.79	13.7	12.8	11.13	8.87	6.14
Selling, General & Administrative	5	5.08	6.95	7.97	7.57	6.59
Depreciation & Amortization	34.26	35.06	37.16	35.37	27.18	16.66
Total Operating Expenses	53.05	53.84	56.92	54.46	43.61	29.38
Operating Income	19.64	31.32	33.42	34.7	31.64	27.65
Interest Expense	-23.97	-24.9	-26.68	-28.76	-27.95	-22.45
Interest & Investment Income	3.38	3.38	3.63	3.44	2.29	-
Other Non-Operating Income	-0.71	-	-	-0.85	-	1.87
EBT Excluding Unusual Items	-1.65	9.79	10.37	8.53	5.98	7.07
Gain (Loss) on Sale of Assets	11.67	5.89	5.21	-3.76	-2.54	-2.18
Total Insurance Settlements	0.14	-	-	-	0.07	0.07
Asset Writedown	-2.11	-2.11	-	-	-	-
Other Unusual Items	-0.28	-0.28	-1.02	-0.06	-	-
Pretax Income	7.78	13.29	14.57	4.72	3.51	4.96
Earnings From Continuing Operations	7.78	13.29	14.57	4.72	3.51	4.96
Minority Interest in Earnings	-	-	-	-0.01	-0.02	-0.03
Net Income	7.78	13.29	14.57	4.71	3.5	4.93
Preferred Dividends & Other Adjustments	23.8	23.75	24.42	19.72	12.26	9.32
Net Income to Common	-16.02	-10.46	-9.85	-15.01	-8.76	-4.4
Net Income Growth	-56.08%	-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)	0.69%	0.49%	3.39%	13.86%	36.39%	13.55%
EPS (Basic)	-0.44	-0.29	-0.28	-0.43	-0.29	-0.20
EPS (Diluted)	-0.44	-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	0.59%	1.08%	1.32%	1.03%	0.67%	0.53%
Operating Margin	27.02%	36.78%	37.00%	38.92%	42.05%	48.48%
Profit Margin	-22.04%	-12.28%	-10.91%	-16.83%	-11.64%	-7.71%
EBITDA	61.55	68.43	71.12	69.59	58.25	44.09
EBITDA Margin	84.67%	80.36%	78.72%	78.04%	77.39%	77.31%
D&A For Ebitda	41.9	37.11	37.7	34.88	26.6	16.44
EBIT	19.64	31.32	33.42	34.7	31.64	27.65
EBIT Margin	27.02%	36.78%	37.00%	38.92%	42.05%	48.48%
Funds From Operations (FFO)	8.72	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	231.98%	96.21%	89.17%	78.13%	78.48%	83.07%
Revenue as Reported	72.77	85.22	90.4	89.24	75.32	57.03

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q