Gladstone Land Corporation (LAND)

Gladstone Land Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	1,188	1,194	1,277	1,326	1,284	1,046
Cash & Equivalents	42.92	18.28	18.57	61.14	16.71	9.22
Investment In Debt and Equity Securities	5.6	5.66	-	-	-	-
Other Intangible Assets	3.92	4.09	5.36	9.82	4.51	3.89
Trading Asset Securities	6.31	7.63	7.37	9.01	-	-
Other Long-Term Assets	35.24	82.27	79.33	51.23	45.86	7.85
Total Assets	1,282	1,312	1,387	1,457	1,352	1,067
Current Portion of Long-Term Debt	-	-	-	-	1.04	1.5
Current Portion of Leases	0.04	0.06	-	-	-	-
Long-Term Debt	558.86	587.45	633.63	685.61	726.68	652.66
Long-Term Leases	0.72	0.44	0.57	0.62	0.66	0.13
Accounts Payable	15.71	18.4	10.3	16.27	10.87	9.08
Accrued Expenses	3.35	2.97	3.87	4.37	4.22	2.48
Other Long-Term Liabilities	13.18	15.69	19.34	19.03	19.01	17.65
Total Liabilities	591.86	625.01	667.71	725.89	762.48	683.5
Preferred Stock, Redeemable	0.02	0.02	0.02	0.02	0.01	0.01
Common Stock	0.04	0.04	0.04	0.04	0.03	0.03
Additional Paid-In Capital	854.04	854.06	856.21	836.67	668.28	440.47
Distributions in Excess of Earnings	-170.53	-174.56	-144.01	-114.37	-80.47	-55.21
Comprehensive Income & Other	6.31	7.63	7.37	9.01	-1.04	-1.5
Total Common Equity	689.86	687.17	719.6	731.35	586.81	383.78
Minority Interest	-	-	-	-	2.25	-
Shareholders' Equity	689.88	687.18	719.61	731.36	589.07	383.79
Total Liabilities & Equity	1,282	1,312	1,387	1,457	1,352	1,067
Total Debt	559.62	587.95	634.2	686.22	728.38	654.29
Net Cash / Debt	-510.39	-562.04	-608.26	-616.08	-711.67	-645.07
Net Cash Per Share	-14.18	-15.65	-17.02	-17.82	-23.44	-28.98
Filing Date Shares Outstanding	36.18	36.18	35.84	35.71	34.21	26.74
Total Common Shares Outstanding	36.18	36.18	35.84	35.05	34.21	26.22
Book Value Per Share	19.07	18.99	20.08	20.87	17.15	14.64
Tangible Book Value	685.94	683.08	714.24	721.53	582.3	379.9
Tangible Book Value Per Share	18.96	18.88	19.93	20.59	17.02	14.49
Land	743.16	743.14	792.28	845.78	812.83	713.33

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q