Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock
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 169 farms, comprised of approxima… Read more
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock (LANDP) - Total Assets
Latest total assets as of March 2024: $1.36 Billion USD
Based on the latest financial reports, Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock (LANDP) holds total assets worth $1.36 Billion USD as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock - Total Assets Trend (2013–2023)
This chart illustrates how Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock - Asset Composition Analysis
Current Asset Composition (December 2023)
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's total assets of $1.36 Billion consist of 5.2% current assets and 94.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.3% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $53.63 Million | 3.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $4.78 Million | 0.3% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's current assets represent 5.2% of total assets in 2023, a decrease from 18.1% in 2013.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2023, down from 17.4% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is inventory at 3.9% of total assets.
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock Competitors by Total Assets
Key competitors of Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
American Tower Corp
NYSE:AMT
|
USA | $63.89 Billion |
|
Outfront Media Inc. (REIT)
F:76C
|
Germany | €5.22 Billion |
|
Afine Investments Ltd
JSE:ANI
|
South Africa | ZAC444.87 Million |
|
Automotive Properties Real Estate Investment Trust
PINK:APPTF
|
USA | $1.33 Billion |
|
Arena REIT
AU:ARF
|
Australia | AU$1.86 Billion |
|
BA Airport Leasehold Real Estate Investment Trust
BK:BAREIT
|
Thailand | ฿14.60 Billion |
|
Crown Castle
NYSE:CCI
|
USA | $31.52 Billion |
|
DIGITAL CORE REIT
PINK:DGTCF
|
USA | $2.25 Billion |
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock generates 0.07x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock generates $ 1.05 in net profit.
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 4.40 | 3.02 | 3.13 |
| Quick Ratio | 4.40 | 3.02 | 3.13 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $39.85 Million | $ 25.92 Million | $ 15.72 Million |
Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock - Advanced Valuation Insights
This section examines the relationship between Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.16 |
| Asset Growth Rate (YoY) | -4.8% |
| Total Assets | $1.39 Billion |
| Market Capitalization | $228.25 Million USD |
Valuation Analysis
Below Book Valuation: The market values Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's assets below their book value (0.16 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock's assets decreased by 4.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock (2013–2023)
The table below shows the annual total assets of Gladstone Land Corporation 6.00% Series C Cumulative Redeemable Preferred Stock from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.39 Billion | -4.80% |
| 2022-12-31 | $1.46 Billion | +7.82% |
| 2021-12-31 | $1.35 Billion | +26.63% |
| 2020-12-31 | $1.07 Billion | +30.67% |
| 2019-12-31 | $816.79 Million | +44.53% |
| 2018-12-31 | $565.12 Million | +22.25% |
| 2017-12-31 | $462.28 Million | +38.41% |
| 2016-12-31 | $333.99 Million | +45.38% |
| 2015-12-31 | $229.74 Million | +51.44% |
| 2014-12-31 | $151.70 Million | +61.95% |
| 2013-12-31 | $93.67 Million | -- |