LANDNasdaqReal Estate Investment TrustsFiscal year ends December 31Also trades as LANDO, LANDP
GLADSTONE LAND Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$8.84−0.44 (-4.74%)
Close on Oct 19, 2026
- Market cap
- $379.33M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
89.1%
Operating margin
–
Net margin
15.3%+6.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | -0.3% | +9.1% | +22.2% | |
| Gross profit | -7.6% | – | – | – | |
| Net income | +1.8% | +42.2% | +22.4% | +37.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.6% | 1.5% | 2.0% | |
| Return on assets | 0.2% | 0.5% | 1.1% | |
| Interest coverage | 1.2× | – | – | |
| Diluted shares | 10M | 22M | 37M |
Cash use needs five years of cash flow figures
Gladstone Land does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.3%
×Asset turnover0.07×
×Equity multiplier1.88×
=Return on equity, FY20252.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.3% | 0.07× | 1.88× | 2.0% |
| FY2024 | 15.6% | 0.06× | 1.92× | 1.9% |
| FY2023 | 16.1% | 0.06× | 1.96× | 2.0% |
| FY2022 | 5.3% | 0.06× | 2.13× | 0.7% |
| FY2021 | 4.6% | 0.06× | 2.49× | 0.7% |
| FY2020 | 8.6% | 0.06× | 2.85× | 1.5% |
| FY2019 | 4.3% | 0.06× | 3.05× | 0.8% |
| FY2018 | 7.2% | 0.07× | 3.59× | 1.8% |
| FY2017 | -0.1% | 0.06× | 4.27× | -0.0% |
| FY2016 | 2.6% | 0.06× | 3.64× | 0.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$13.53M
- Cash generatingOperating cash flow above zero$6.99M
- Return on assets improvedROA up on the prior year1.0% → 1.0%
- Earnings backed by cashOperating cash flow above net income$6.99M vs $13.53M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise36M → 37M
- Gross margin improvedGross margin up on the prior year100.00% → 89.15%
- More efficientAsset turnover rose0.06 → 0.07