Gladstone Land Corporation (LAND) - Net Assets
Based on the latest financial reports, Gladstone Land Corporation (LAND) has net assets worth $673.11 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.19 Billion) and total liabilities ($519.09 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Gladstone Land Corporation's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $673.11 Million |
| % of Total Assets | 56.46% |
| Annual Growth Rate | 33.75% |
| 5-Year Change | 13.79% |
| 10-Year Change | 663.62% |
| Growth Volatility | 120.13 |
Gladstone Land Corporation - Net Assets Trend (2010–2025)
This chart illustrates how Gladstone Land Corporation's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see LAND market cap.
Annual Net Assets for Gladstone Land Corporation (2010–2025)
The table below shows the annual net assets of Gladstone Land Corporation from 2010 to 2025. Also explore Gladstone Land Corporation (LAND) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $670.29 Million | -2.46% |
| 2024-12-31 | $687.18 Million | -4.51% |
| 2023-12-31 | $719.61 Million | -1.61% |
| 2022-12-31 | $731.36 Million | +24.16% |
| 2021-12-31 | $589.07 Million | +53.49% |
| 2020-12-31 | $383.79 Million | +37.57% |
| 2019-12-31 | $278.97 Million | +54.08% |
| 2018-12-31 | $181.05 Million | +53.50% |
| 2017-12-31 | $117.95 Million | +34.38% |
| 2016-12-31 | $87.78 Million | +12.53% |
| 2015-12-31 | $78.01 Million | +30.08% |
| 2014-12-31 | $59.97 Million | +23.62% |
| 2013-12-31 | $48.51 Million | +496.21% |
| 2012-12-31 | $8.14 Million | +7.97% |
| 2011-12-31 | $7.54 Million | -11.83% |
| 2010-12-31 | $8.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gladstone Land Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2505.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $38.00K | 0.01% |
| Other Comprehensive Income | $4.90 Million | 0.73% |
| Other Components | $870.86 Million | 129.92% |
| Total Equity | $670.29 Million | 100.00% |
Gladstone Land Corporation Competitors by Market Cap
The table below lists competitors of Gladstone Land Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kuo Toong International Co Ltd
TWO:8936
|
$407.99 Million |
|
HiVi Acoustics Technology Co Ltd
SHE:002888
|
$408.12 Million |
|
Frp Holdings Ord
NASDAQ:FRPH
|
$408.16 Million |
|
PHX Energy Services Corporation
TO:PHX
|
$408.19 Million |
|
SuZhou ChunXing Precision Mechanical Co Ltd
SHE:002547
|
$407.72 Million |
|
FinVolution Group
F:PP3
|
$407.58 Million |
|
Xinxiang Tuoxin Pharmaceutical Co.Ltd.
SHE:301089
|
$407.57 Million |
|
Aspen Aerogels Inc
NYSE:ASPN
|
$407.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gladstone Land Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 687,182,000 to 670,286,000, a change of -16,896,000 (-2.5%).
- Net income of 13,529,000 contributed positively to equity growth.
- Dividend payments of 44,474,000 reduced retained earnings.
- Share repurchases of 102,000 reduced equity.
- New share issuances of 17,070,000 increased equity.
- Other comprehensive income decreased equity by 2,736,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.53 Million | +2.02% |
| Dividends Paid | $44.47 Million | -6.64% |
| Share Repurchases | $102.00K | -0.02% |
| Share Issuances | $17.07 Million | +2.55% |
| Other Comprehensive Income | $-2.74 Million | -0.41% |
| Other Changes | $-183.00K | -0.03% |
| Total Change | $- | -2.46% |
Book Value vs Market Value Analysis
This analysis compares Gladstone Land Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.52x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.07x to 0.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $3.11 | $9.55 | x |
| 2011-12-31 | $2.74 | $9.55 | x |
| 2012-12-31 | $1.34 | $9.55 | x |
| 2013-12-31 | $7.81 | $9.55 | x |
| 2014-12-31 | $8.75 | $9.55 | x |
| 2015-12-31 | $9.03 | $9.55 | x |
| 2016-12-31 | $7.66 | $9.55 | x |
| 2017-12-31 | $9.78 | $9.55 | x |
| 2018-12-31 | $11.68 | $9.55 | x |
| 2019-12-31 | $14.23 | $9.55 | x |
| 2020-12-31 | $17.24 | $9.55 | x |
| 2021-12-31 | $19.40 | $9.55 | x |
| 2022-12-31 | $21.16 | $9.55 | x |
| 2023-12-31 | $20.14 | $9.55 | x |
| 2024-12-31 | $19.14 | $9.55 | x |
| 2025-12-31 | $18.36 | $9.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gladstone Land Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.31%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.85x
- Recent ROE (2.02%) is above the historical average (1.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 6.56% | 23.18% | 0.08x | 3.40x | $-294.24K |
| 2011 | 0.08% | 0.21% | 0.09x | 4.35x | $-747.42K |
| 2012 | 7.38% | 17.71% | 0.08x | 4.98x | $-213.30K |
| 2013 | -2.52% | -30.33% | 0.04x | 1.93x | $-6.08 Million |
| 2014 | -0.21% | -1.74% | 0.05x | 2.53x | $-6.12 Million |
| 2015 | 0.73% | 4.78% | 0.05x | 2.95x | $-7.23 Million |
| 2016 | 0.58% | 2.59% | 0.05x | 4.35x | $-7.22 Million |
| 2017 | -0.03% | -0.12% | 0.05x | 3.92x | $-11.83 Million |
| 2018 | 1.45% | 7.17% | 0.06x | 3.12x | $-15.48 Million |
| 2019 | 0.62% | 4.28% | 0.05x | 2.93x | $-26.16 Million |
| 2020 | 1.28% | 8.64% | 0.05x | 2.78x | $-33.45 Million |
| 2021 | 0.59% | 4.64% | 0.06x | 2.29x | $-55.41 Million |
| 2022 | 0.64% | 5.28% | 0.06x | 1.99x | $-68.43 Million |
| 2023 | 2.02% | 16.11% | 0.07x | 1.93x | $-57.40 Million |
| 2024 | 1.93% | 15.60% | 0.06x | 1.91x | $-55.43 Million |
| 2025 | 2.02% | 15.31% | 0.07x | 1.85x | $-53.50 Million |
Industry Comparison
This section compares Gladstone Land Corporation's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $1,970,171,584
- Average return on equity (ROE) among peers: 6.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gladstone Land Corporation (LAND) | $673.11 Million | 6.56% | 0.77x | $407.86 Million |
| American Tower Corp (AMT) | $10.36 Billion | 24.43% | 5.10x | $81.80 Billion |
| Crown Castle (CCI) | $2.72 Billion | -1.80% | 2.82x | $32.22 Billion |
| Digital Realty Trust Inc (DLR) | $1.12 Billion | 2.01% | 1.50x | $68.18 Billion |
| EPR Properties (EPR) | $857.16 Million | 9.60% | 0.83x | $4.38 Billion |
| Equinix Inc (EQIX) | $814.43 Million | -0.64% | 1.68x | $101.23 Billion |
| Farmland Partners Inc (FPI) | $83.53 Million | -0.68% | 1.41x | $462.30 Million |
| Fermi Inc. (FRMI) | $1.10 Billion | -44.38% | 0.29x | $3.16 Billion |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $11.67 Billion |
| Iron Mountain Incorporated (IRM) | $731.95 Million | 76.10% | 21.05x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $1.69 Billion | -5.57% | 1.15x | $12.78 Billion |
About Gladstone Land Corporation
Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 142 farms, comprised of approximately 98,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. Gladstone Land's farms are predominantly locat… Read more