LANDM.PFD (Gladstone Land) Pre-Tax Income : $14.57 Mil (TTM As of Sep. 2024)

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What is Gladstone Land Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Gladstone Land's pretax income for the three months ended in Sep. 2024 was $0.01 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $14.57 Mil. Gladstone Land's pretax margin was 0.03%.

During the past 13 years, Gladstone Land's highest Pretax Margin was 16.45%. The lowest was -1.38%. And the median was 4.73%.

Gladstone Land Pre-Tax Income Historical Data

The historical data trend for Gladstone Land's Pre-Tax Income 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 Pre-Tax Income Chart

Gladstone Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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1.76

4.96

3.51

4.72

14.57

Gladstone Land Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Pre-Tax Income	Get a 7-Day Free Trial															3.14	1.82	13.57	-0.82	0.01

Competitive Comparison of Gladstone Land's Pre-Tax Income

For the REIT - Specialty subindustry, Gladstone Land's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Gladstone Land's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Gladstone Land's Pre-Tax Income falls into.

Gladstone Land Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Gladstone Land's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	33.483	+	4.747	+	-23.665	+	0	+	1.7763568394003E-15
	=	14.57

Gladstone Land's Pretax Income for the quarter that ended in Sep. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	8.978	+	-3.57	+	-5.402	+	0	+	2.168404344971E-16
	=	0.01

Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.57 Mil.

Gladstone Land (NAS:LANDM.PFD) Pre-Tax Income Explanation

Gladstone Land's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	0.006	/	22.571
	=	0.03%

During the past 13 years, Gladstone Land's highest Pretax Margin was 16.45%. The lowest was -1.38%. And the median was 4.73%.

Gladstone Land Pre-Tax Income 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 » Pre-Tax Income

Comparable Companies

FPI NLCP AFCG CORR PW UNIT OUT HASI AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR

Traded in Other Exchanges

LANDO.PFD:USA LAND:USA 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 strong 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).