Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gladstone Land's annualized net income for the quarter that ended in Mar. 2024 was $54.27 Mil. Gladstone Land's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $716.80 Mil. Therefore, Gladstone Land's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 7.57%.
The historical rank and industry rank for Gladstone Land's Return-on-Tangible-Equity or its related term are showing as below:
LAND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.23 Med: 0.76 Max: 3.64
Current: 3.64
During the past 13 years, Gladstone Land's highest Return-on-Tangible-Equity was 3.64%. The lowest was -0.23%. And the median was 0.76%.
LAND's Return-on-Tangible-Equity is ranked worse than 54.11% of 791
companies
in the REITs industry
Industry Median: 4.59
vs LAND: 3.64
Gladstone Land Return-on-Tangible-Equity Historical Data
The historical data trend for Gladstone Land's Return-on-Tangible-Equity 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.
Competitive Comparison of Gladstone Land's Return-on-Tangible-Equity
For the REIT - Specialty subindustry, Gladstone Land's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Gladstone Land's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gladstone Land's Return-on-Tangible-Equity falls into.
Gladstone Land Return-on-Tangible-Equity Calculation
Gladstone Land's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Gladstone Land (NAS:LAND) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Gladstone Land Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Gladstone Land's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Gladstone Land (Gladstone Land) Business Description
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).
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