Saturday 17 October 2026 Export LAND’s income statement to Excel — free account

Gladstone Land Corporation

Gladstone Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, up 3.66% from fiscal 2024. In the quarter to June 2026, revenue grew 3.22%, EPS grew 15.8%, free cash flow grew 1,646.3% and total debt fell 2.09%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

9.28 0.09 −0.96%

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Market cap: $404.2M
P/E: 0.0×
Fwd P/E: −15.8×
Dividend yield: 7.55%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 404.19

Revenue 88.48

Net Income (6.46)

Free Cash Flow 54.09

Net Debt 463.48

Current Ratio 1.29

Debt/Equity 0.72

P/E ratio 0.00

Fwd P/E (15.80)

P/S ratio 4.50

P/B ratio 0.59

Past 5Y EPS Growth —

This Y EPS Growth (75.38%)

Next Y EPS Growth 49.01%

Next Y revenue growth (5.19%)

Next 5Y EPS Growth (15.64%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 7.78%

10-year low 10-year high

P/B against its own 10 years 13.45%

10-year low 10-year high

EV/Sales against its own 10 years 4.24%

10-year low 10-year high

EV/FCF against its own 10 years 65.94%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.70

Annual Dividend Yield 7.55%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.56	0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
2025	0.56	0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
2024	0.56	0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
2023	0.55	0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
2022	0.76	0.05 0.05 0.09 0.05 0.05 0.05 0.13 0.05 0.05 0.05 0.05 0.05 0.05 0.05
2021	0.76	0.05 0.05 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.07 0.05 0.05 0.05 0.09 0.05
2020	0.66	0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.12 0.04
2019	1.00	0.04 0.04 0.11 0.04 0.04 0.04 0.04 0.12 0.04 0.04 0.12 0.04 0.04 0.04 0.12 0.04
2018	1.00	0.04 0.04 0.10 0.04 0.04 0.04 0.04 0.15 0.04 0.04 0.11 0.04 0.04 0.04 0.11 0.04
2017	0.95	0.04 0.04 0.10 0.04 0.04 0.04 0.04 0.12 0.04 0.04 0.11 0.04 0.04 0.04 0.10 0.04
2016	0.89	0.04 0.04 0.09 0.04 0.04 0.04 0.04 0.11 0.04 0.04 0.10 0.04 0.04 0.04 0.10 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	19	18	27	23
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	19	18	27	23

	2023	2024	2025	Q'26
Payables	10	18	22	18
ST’ Debt	—	—	—	—
Other	—	—	—	—
	10	18	22	18

Compound Annual Growth %

	10y	5y	3y
Sales	22.20%	9.15%	(0.34%)
Cash Flow	3.97%	(22.49%)	(45.75%)
Earnings	0.00%	0.00%	0.00%
Book Value	24.00%	11.80%	(2.86%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	17	13	—	—	—
’25	17	12	18	41	88
’24	20	21	23	21	85
’23	21	21	24	24	90
’22	20	20	24	25	89
’21	16	17	20	23	75
’20	15	13	14	15	57

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	9	20	—	—	—
’25	4	4	(12)	11	7
’24	3	16	(1)	12	30
’23	5	18	0	17	40
’22	8	12	4	21	44
’21	7	10	3	12	32
’20	3	6	2	13	25

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	9	20	—	—	—
’25	65	1	7	18	91
’24	66	15	(3)	15	93
’23	2	24	(4)	15	36
’22	4	(20)	(37)	14	(38)
’21	1	(69)	(61)	(131)	(261)
’20	(7)	(18)	(39)	(183)	(247)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.24)	(0.32)	—	—	—
’25	0.25	(0.38)	0.06	(0.05)	(0.29)
’24	0.21	(0.19)	(0.16)	(0.15)	(0.29)
’23	(0.12)	0.05	(0.08)	(0.12)	(0.28)
’22	(0.08)	(0.11)	(0.10)	(0.14)	(0.43)
’21	(0.08)	(0.12)	(0.05)	(0.04)	(0.29)
’20	0.05	(0.10)	(0.04)	(0.10)	(0.20)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	6.72	10.77	11.12	11.19	9.61	14.19	17.28	13.35	10.37	8.47	Analyst estimates 2026–2028 Powerpack
	High	12.00	14.29	13.95	13.31	16.76	34.00	42.10	20.55	15.36	11.93
People
People	Employees	63	65	65	70	67	69	74	69	72	75
	Revenue/emp, $m	0.27	0.39	0.56	0.58	0.85	1.09	1.21	1.31	1.18	1.18
Income, $m
Income, $m	Revenue	17	25	37	41	57	75	89	90	85	88
	Gross margin, %	86.55	86.61	86.70	85.02	89.24	88.23	87.53	85.84	83.92	72.50
	EBT	0	0	3	2	5	4	5	15	13	14
	EBT margin, %	2.73	(0.14)	7.54	4.33	8.69	4.67	5.28	16.11	15.60	15.31
	Net income	0	0	3	2	5	4	5	15	13	14
	Depreciation	5	7	10	13	17	28	36	39	38	47
Per share, $
Per share, $	Revenue	1.73	2.08	2.37	2.08	2.56	2.48	2.58	2.53	2.37	2.42
	Earnings	0.05	0.00	0.15	(0.13)	(0.20)	(0.29)	(0.43)	(0.28)	(0.29)	(0.29)
	Cash flow	0.84	0.54	0.67	1.09	1.12	1.07	1.27	1.12	0.82	0.19
	Capex	(9.54)	(10.81)	(6.05)	(13.37)	(12.24)	(9.65)	(2.38)	(0.11)	1.76	2.30
	Free cash flow	(8.70)	(10.27)	(5.38)	(12.28)	(11.11)	(8.58)	(1.11)	1.02	2.59	2.50
	Book value	8.77	9.78	11.68	14.23	17.24	19.40	21.16	20.14	19.14	18.36
	Shares, m	10	12	16	20	22	30	35	36	36	37
Valuation, ×
Valuation, ×	P/E	270.43	0.00	88.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	6.50	6.52	4.85	6.25	5.71	13.61	7.17	5.72	4.57	3.78
	P/B	1.28	1.39	0.98	0.91	0.85	1.74	0.87	0.72	0.57	0.50
	EV/Sales	18.33	18.39	13.61	17.76	16.49	22.25	13.50	11.87	10.55	8.84
	EV/FCF	(3.65)	(3.73)	(5.98)	(3.00)	(3.80)	(6.43)	(31.39)	29.54	9.68	8.56
Cash, $m
Cash, $m	Operating cash flow	8	7	10	21	25	32	44	40	30	7
	Capex	(96)	(130)	(94)	(262)	(272)	(293)	(82)	(4)	63	84
	Free cash flow	(87)	(124)	(83)	(241)	(247)	(261)	(38)	36	93	91
Balance, $m
Balance, $m	Working capital	0	(4)	6	4	0	6	45	8	0	5
	Total debt	207	301	336	482	624	668	627	574	528	474
	Net debt	205	298	321	468	615	651	565	556	509	446
	Shareholders’ equity	88	118	181	279	384	589	731	720	687	670
Returns, %
Returns, %	ROA	0.16	(0.01)	0.44	(0.36)	(0.47)	(0.72)	(1.07)	(0.69)	(0.77)	(0.82)
	ROIC	1.51	1.71	1.51	1.61	1.73	1.60	1.63	1.64	1.53	1.12
	ROE	0.54	(0.03)	1.51	(1.09)	(1.33)	(1.80)	(2.27)	(1.36)	(1.49)	(1.54)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GLPI Gaming and Leisure Properties, Inc.	$11.4B	11.5×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%	Compare
RYN Rayonier Inc.	$5.7B	41.3×	53.8×	+272.15% (above 0%: growing)	−97.72% (below 0%: shrinking)	−88.66% (below 0%: shrinking)	19.08%	8.73%	Compare
OUT OUTFRONT Media Inc.	$5.3B	21.7×	23.1×	+13.54% (above 0%: growing)	+340.00% (above 0%: growing)	+167.78% (above 0%: growing)	52.90%	22.22%	Compare
EPR EPR Properties	$4.2B	17.7×	19.0×	+10.11% (above 0%: growing)	−12.09% (below 0%: shrinking)	−498.03% (below 0%: shrinking)	92.16%	54.59%	Compare
FRMI Fermi Inc.	$2.2B	— (loss-making)	—	—	n/m	−414.49% (below 0%: shrinking)	—	0.00%	Compare
UNIT Uniti Group Inc.	$1.5B	1.1×	— (loss-making)	+202.53% (above 0%: growing)	n/m	−379.58% (below 0%: shrinking)	57.83%	3.54%	Compare
FPI Farmland Partners Inc.	$460.3M	18.9×	50.8×	−5.65% (below 0%: shrinking)	−53.33% (below 0%: shrinking)	−94.88% (below 0%: shrinking)	75.47%	28.21%	Compare
LAND Gladstone Land Corporation	$404.2M	— (loss-making)	— (loss-making)	+3.22% (above 0%: growing)	n/m	+1,646.28% (above 0%: growing)	74.05%	(33.96%)
SELF Global Self Storage, Inc.	$57.1M	27.3×	20.2×	+0.63% (above 0%: growing)	+16.67% (above 0%: growing)	−13.35% (below 0%: shrinking)	60.34%	21.58%	Compare
Median of peers	$3.2B	18.9×	21.7×	+10.11%	+2.29%	−91.77%	60.34%	21.90%

All 18 Reit Specialty stocks →

Gladstone Land Corporation (LAND) key facts

Strength: Gladstone Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, up 3.66% from fiscal 2024.
Gladstone Land Corporation (LAND) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
As of October 16, 2026, LAND traded at $9.28, a market capitalization of $404.2 million.
Gladstone Land Corporation pays an annual dividend of $0.70 per share, a yield of 7.55%.
Return on equity was −1.54% and debt-to-equity 0.72.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.