Gladstone Land Corporation
LAND
Price:
$14.59
Market Cap:
$522.88M
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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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 Compan...[Read more]
Industry
REIT - Industrial
IPO Date
2013-01-29
Stock Exchange
NASDAQ
Ticker
LAND
The Current Ratio as of September 2024 (TTM) for Gladstone Land Corporation (LAND) is 3.42
According to Gladstone Land Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 3.42. This represents a change of -7.05% compared to the average of 3.68 of the last 4 quarters.
Gladstone Land Corporation (LAND) Historical Current Ratio (quarterly & annually)
How has LAND Current Ratio performed in the past?
The mean historical Current Ratio of Gladstone Land Corporation over the last ten years is 1.39. The current 3.42 Current Ratio has changed 24.46% with respect to the historical average. Over the past ten years (40 quarters), LAND's Current Ratio was at its highest in in the March 2021 quarter at 6.17. The Current Ratio was at its lowest in in the June 2017 quarter at 0.07.
Average
1.39
Median
0.94
Minimum
0.12
Maximum
5.02
Gladstone Land Corporation (LAND) Current Ratio by Quarter and Year
Discovering the peaks and valleys of Gladstone Land Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 493.15%
Maximum Annual Current Ratio = 5.02
Minimum Annual Increase = -95.70%
Minimum Annual Current Ratio = 0.12
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 5.02 | 70.37% |
| 2022 | 2.95 | 168.21% |
| 2021 | 1.10 | 39.12% |
| 2020 | 0.79 | -28.41% |
| 2019 | 1.10 | -23.59% |
| 2018 | 1.44 | 493.15% |
| 2017 | 0.24 | 100.80% |
| 2016 | 0.12 | -80.07% |
| 2015 | 0.61 | 13.40% |
| 2014 | 0.54 | -95.70% |
Gladstone Land Corporation (LAND) Average Current Ratio
How has LAND Current Ratio performed in the past?
The current Current Ratio of Gladstone Land Corporation (LAND) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
3.02
5-year avg
2.19
10-year avg
1.39
Gladstone Land Corporation (LAND) Current Ratio vs. Peers
How is LAND’s Current Ratio compared to its peers?
Gladstone Land Corporation’s Current Ratio is greater than Farmland Partners Inc. (0.97), greater than STAG Industrial, Inc. (0.97), greater than Gladstone Commercial Corporation (0.19), greater than LTC Properties, Inc. (2.73), greater than Gladstone Investment Corporation (0.30),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.97 | $503.58M | |
| 0.97 | $7.35B | |
| 0.19 | $684.49M | |
| 2.73 | $1.64B | |
| 0.30 | $477.10M |
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