MARKETS / NASDAQ / LAND
NASDAQ · REAL ESTATE INVESTMENT TRUSTS · SMALL CAP

Gladstone Land Corp. LAND

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$12.2M
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$-0.29
Dividend / sh · FY25
Payout · FY25
151%
ROE · FY25
2.0%
Net margin · FY25
111.2%
Dividend coverage
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Result
USD 12.2M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.0250.050.0750.10.00.0201120142017202020232025
0.0250.050.0750.10.00.02016201920222025

111 cents of every revenue dollar became profit this year.

Per share
USD -0.29
Diluted EPS, FY2025
EPS Dividend
0.511.5-0.29201120142017202020232025
0.511.5-0.292016201920222025

The company pays no cash dividend.

Profitability
2.0%
Return on equity, FY2025
ROE
24682.0%201120142017202020232025
24682.0%2016201920222025
Operating margin
Net margin111.2%
Return on assets1.1%

Each USD of equity produced 2 cents of profit this year.

Returned to shareholders
USD 20.5M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 20.5M
Net buybacks
Share of profit151.3%
Consecutive raises3 years

USD 20.5M in dividends — 151% of the year's profit, so the payout drew on cash built up earlier.

Growth
−26.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−48.5%
−26.6%
Net income
+42.2%
+22.4%
+37.3%
Dividend / share
+13.3%
Returned to shareholders
+2.7%
+11.2%
+17.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.04B
Shares outstanding, FY2025
0.000.04201120142017202020232025
0.010.042016201920222025
Change, 5 years+45.0%
Change, 10 years+280.4%

The share count grew 45% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 1.2B
total assets, end of FY2025
Total assetsUSD 1.2B
EquityUSD 670.3M
CashUSD 27.2M
Gross debtUSD 473.6M
Net debtUSD 446.5M

Net debt stands at 67% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
0.0
0.0
0.0
0.1
0.1
0.1
0.0
0.0
·
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
·
·
·
·
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
·
·
·
·
·
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
EPS, diluted $
−0.29
−0.29
−0.28
−0.43
−0.29
−0.20
−0.13
0.15
0.00
0.04
0.07
−0.02
−0.20
0.22
0.00
Dividend / sh $
·
·
·
·
·
·
·
·
0.52
0.49
0.47
0.36
1.49
·
0.37
Payout %
151
151
136
401
472
244
601
315
−20545
1106
713
−1965
−794
·
16361
ROE %
2.0
1.9
2.0
0.7
0.7
1.5
0.8
1.8
−0.0
0.6
0.8
−0.2
−4.3
7.7
0.1
Shares out B
0.04
0.04
0.04
0.04
0.03
0.03
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.00
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
27 of 27
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed