LAND
Gladstone Land Corporation
$15.89
Earnings Summary
Revenue | $22.8Mn |
Net Profits | $1.98Mn |
Net Profit Margins | 8.67% |
Highlights
Gladstone Land Corporation’s revenue jumped 50.75% since last year same period to $22.8Mn in the Q4 2021. On a quarterly growth basis, Gladstone Land Corporation has generated 16.38% jump in its revenue since last 3-months.
Gladstone Land Corporation’s net profit jumped 1634.21% since last year same period to $1.98Mn in the Q4 2021. On a quarterly growth basis, Gladstone Land Corporation has generated 32.24% jump in its net profits since last 3-months.
Gladstone Land Corporation’s net profit margin jumped 1050.36% since last year same period to 8.67% in the Q4 2021. On a quarterly growth basis, Gladstone Land Corporation has generated 13.63% jump in its net profit margins since last 3-months.
Earnings per share (EPS) Estimates
Earnings per share (EPS) estimates of the Gladstone Land Corporation post its latest quarter earnings
EPS Estimate Current Quarter | -0.07 |
EPS Estimate Current Year | -0.07 |
Highlights
Gladstone Land Corporation’s earning per share (EPS) estimates for the current quarter stand at -0.07 - a 0% jump from last quarter’s estimates.
Gladstone Land Corporation’s earning per share (EPS) estimates for the current year stand at -0.07.
Key Ratios
Key ratios of the Gladstone Land Corporation post its Q4 2022 earnings
Return on Assets (ROA) | 0.02 |
Return on Equity (ROE) | 0.01 |
Dividend Per Share (DPS) | 0.14 |
Highlights
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 Corporation’s return on assets (ROA) stands at 0.02.
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 Corporation’s return on equity (ROE) stands at 0.01.
Gladstone Land Corporation declared 0.14 dividend per share during the earnings announcement for Q4 2022.
Earnings Calendar
| Earnings Date | Estimated EPS | Reported EPS | Surprise % |
|---|---|---|---|
2021-08-10 | -0.07 | -0.12 | -71.43% |
2021-05-12 | -0.05 | -0.08 | -60% |
2022-02-22 | -0.04 | -0.04 | 0% |
2021-11-09 | -0.06 | -0.05 | 16.67% |
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 Corporation |
Headquarters | 1521 Westbranch Drive, McLean, VA, United States, 22102 |
Employees | 0 |
Industry | Finance |
CEO | David Gladstone |
