Gladstone Land Corporation (LAND)

Gladstone Land Cash Flow 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	14.83	13.29	14.57	4.71	3.5	4.93
Depreciation & Amortization	39.57	37.17	37.79	34.97	26.72	16.49
Other Amortization	1.11	0.99	1.07	1.88	1.17	0.76
Gain (Loss) on Sale of Assets	-11.02	-5.89	-5.21	3.76	2.54	2.18
Asset Writedown	2.11	2.11	-	-	-	-
Income (Loss) on Equity Investments	0.11	0.06	0.06	0.07	0.06	0
Change in Accounts Payable	-6.79	-6.1	-3.4	5.68	1.91	-0.74
Change in Other Net Operating Assets	-9.86	-12.73	-5.95	-7.44	-3.48	1.42
Other Operating Activities	0.15	0.28	1.02	0.06	-0.05	-0.04
Operating Cash Flow	30.6	29.55	40.08	43.79	32.38	25
Operating Cash Flow Growth	-21.12%	-26.28%	-8.47%	35.24%	29.50%	17.00%
Acquisition of Real Estate Assets	-5.52	-5.2	-12.81	-82.74	-292.95	-272.74
Sale of Real Estate Assets	66.52	68.51	9.04	-	-	0.34
Net Sale / Acq. of Real Estate Assets	61.01	63.31	-3.77	-82.74	-292.95	-272.4
Investment in Marketable & Equity Securities	-	-	-	-2.75	-2.05	-0.57
Other Investing Activities	-	-	-	-	-	0.07
Investing Cash Flow	61.01	63.31	-3.77	-85.48	-295	-272.9
Short-Term Debt Issued	-	-	-	-	-	22.3
Long-Term Debt Issued	-	3.4	0.2	9.93	67.91	156.05
Total Debt Issued	3.4	3.4	0.2	9.93	67.91	178.35
Short-Term Debt Repaid	-	-	-	-	-	-22.3
Long-Term Debt Repaid	-	-50.52	-53.12	-51.65	-23.92	-13.41
Total Debt Repaid	-57.39	-50.52	-53.12	-51.65	-23.92	-35.71
Net Debt Issued (Repaid)	-53.99	-47.12	-52.92	-41.72	43.98	142.64
Preferred Stock Issued	4.81	5.09	21.27	188.11	293.77	130.35
Preferred Share Repurchases	-6.65	-6.63	-1.19	-0.9	-29	-0.68
Common Dividends Paid	-20.17	-20.1	-19.79	-18.89	-16.49	-12.03
Preferred Dividends Paid	-24.13	-24.25	-25.3	-18.07	-12.68	-8.98
Total Dividends Paid	-44.3	-44.34	-45.09	-36.96	-29.17	-21.02
Other Financing Activities	-0.11	-0.15	-0.96	-22.4	-9.47	-7.86
Net Cash Flow	-8.64	-0.3	-42.57	44.43	7.49	-4.47
Cash Interest Paid	24.4	24.4	26.22	25.26	26.94	22.5
Levered Free Cash Flow	50.33	49.37	36.6	46.11	33.74	19.75
Unlevered Free Cash Flow	64.54	63.95	52.21	63	50.03	33.03
Change in Net Working Capital	-7.56	-7.2	6.46	-5.54	-3.53	0.74

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q