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LAND

Gladstone Land Corp

$24.53

Earnings Summary

Revenue
$19.94Mn
Net Profits
$-2.74Mn
Net Profit Margins
-13.72%

Highlights

Revenue:

Gladstone Land Corp’s revenue jumped 24.38% since last year same period to $19.94Mn in the Q1 2022. On a quarterly growth basis, Gladstone Land Corp has generated -12.53% fall in its revenue since last 3-months.

Net Profits:

Gladstone Land Corp’s net profit fell -594.94% since last year same period to $-2.74Mn in the Q1 2022. On a quarterly growth basis, Gladstone Land Corp has generated -238.44% fall in its net profits since last 3-months.

Net Profit Margins:

Gladstone Land Corp’s net profit margin fell -497.92% since last year same period to -13.72% in the Q1 2022. On a quarterly growth basis, Gladstone Land Corp has generated -258.28% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Gladstone Land Corp post its latest quarter earnings

EPS Estimate Current Quarter
-0.11
EPS Estimate Current Year
-0.11

Highlights

EPS Estimate Current Quarter:

Gladstone Land Corp’s earning per share (EPS) estimates for the current quarter stand at -0.11 - a -120% fall from last quarter’s estimates.

EPS Estimate Current Year:

Gladstone Land Corp’s earning per share (EPS) estimates for the current year stand at -0.11.

Key Ratios

Key ratios of the Gladstone Land Corp post its Q1 2022 earnings

Earning Per Share (EPS)
-0.08
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.01
Dividend Per Share (DPS)
0.54

Highlights

Earning Per Share (EPS):

Gladstone Land Corp’s earning per share (EPS) jumped 0% since last year same period to -0.08 in the Q1 2022. This indicates that the Gladstone Land Corp has generated 0% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Gladstone Land Corp’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Gladstone Land Corp’s return on equity (ROE) stands at 0.01.

Dividend Per Share (DPS):

Gladstone Land Corp declared 0.54 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
-0.05
-0.08
-60%

Company Information

Founded in 1997, Gladstone Land is a publicly-traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 137 farms, comprised of approximately 101,000 acres in 13 different states, valued at approximately $1.2 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh, produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 96 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 21 times over the prior 24 quarters, and the current per-share distribution on its common stock is $0.04495 per month or $0.5394 per year.

Organisation
Gladstone Land Corp
Headquarters
1521 Westbranch Drive, McLean, VA, United States, 22102
Industry
Finance
CEO
David Gladstone