LANDM.PFD (Gladstone Land) Effective Interest Rate on Debt % : 4.04% (As of Mar. 2025)

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What is Gladstone Land Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Gladstone Land's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $20.71 Mil. Gladstone Land's average total debt for the quarter that ended in Mar. 2025 was $513.18 Mil. Therefore, Gladstone Land's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 4.04%.

Gladstone Land Effective Interest Rate on Debt % Historical Data

The historical data trend for Gladstone Land's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gladstone Land Effective Interest Rate on Debt % Chart

Gladstone Land Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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3.73

3.85

3.98

3.94

3.97

Gladstone Land Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.95	4.02	4.00	4.08	4.04

Competitive Comparison of Gladstone Land's Effective Interest Rate on Debt %

For the REIT - Specialty subindustry, Gladstone Land's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gladstone Land's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Gladstone Land's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gladstone Land's Effective Interest Rate on Debt % falls into.

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Gladstone Land Effective Interest Rate on Debt % Calculation

Gladstone Land's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -21.885	/	( (574.111	+	527.522)	/ 2 )
=	-1 * -21.885	/	550.8165
=	3.97 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	573.911	+	0.2
=	574.111

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	523.922	+	3.6
=	527.522

Gladstone Land's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -20.708	/	( (527.522	+	498.831)	/ 2 )
=	-1 * -20.708	/	513.1765
=	4.04 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	523.922	+	3.6
=	527.522

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	498.631	+	0.2
=	498.831

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Gladstone Land (NAS:LANDM.PFD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Gladstone Land Effective Interest Rate on Debt % Related Terms

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Gladstone Land Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (NAS:LANDM.PFD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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LANDO.PFD:USA LAND:USA 3L4:Germany 3L4:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonefarms.com

Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a good operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).