LAND Q1 2023 Earnings — Gladstone Land Corporation Revenue & Financial Results | Market Cap Arena

LANDGladstone Land Corporation

$503M

Q1 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$21M+6.3% YoY

Gross Profit

$20M94.7% margin

Operating Income

$7M35.1% margin

Net Income

$2M8.3% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-14.5%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$2M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$692M

Stockholders' Equity

$735M

Cash & Equivalents

$39M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$21M	$20M	+6.3%
Gross Profit	$20M	$19M	+4.3%
Operating Income	$7M	$7M	+13.2%
Net Income	$2M	$1M	+48.6%