Profile
Sector:
Real EstateIndustry:
SpecialtyCountry:
United StatesIPO:
29 January 2013Website:
http://www.gladstonefarms.comNext earnings report:
06 November 2024Last dividends:
22 October 2024Next dividends:
20 December 2024Price
regular market | 2 min agoAnalysts recommendations
Institutional Ownership
LAND Latest News
MCLEAN, VA / ACCESSWIRE / September 23, 2024 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Executive Vice President (West Coast Operations), Bill Reiman, continues to lead the Company's strategic review and assessment of its permanent cropland portfolio. Mr. Reiman has been a member of the Company's acquisition and portfolio management team since 2013 and is a fifth-generation farmer, most recently serving as Chairman of the California Strawberry Commission and the Ventura County Agricultural Association.
Gladstone Land, a farmland REIT, has expanded significantly since its inception. Farmland demand remains high, but yields per acre have increased enough to mitigate scarcity impact. Gladstone Land trades at a slight NAV discount, and potential returns seem low.
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party.
Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.11 per share a year ago.
MCLEAN, VA / ACCESSWIRE / August 7, 2024 / Gladstone Land Corporation (Nasdaq:LAND) announces the following event: What: Gladstone Land Corporation's Second Quarter Ended June 30, 2024, Earnings Call & Webcast When: Friday, August 9, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5E4WrIfa How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through August 16, 2024.
Gladstone Land REIT offers growth potential within the context of a broader market environment, which is arguably overvalued. REIT owns over 115,000 acres, mainly in California, with sustainable revenue and manageable debt. Farmland values may beat inflation in a stagflationary economic environment, with the potential for continued appreciation due to supply/demand factors.
Gladstone Land is a REIT focusing on farmland leasing. Preferred dividends are well covered and the balance sheet is strong with high equity to assets ratio. Series D preferred shares offer a potential yield of 6.65% if called in January 2026.
Analysts' average price targets for Gladstone (LAND) suggest a 32.5% potential increase in the stock. Although this widely followed measure has not been consistently accurate, the consensus among analysts in boosting earnings forecasts does indicate a positive outlook for the stock.
Gladstone Land is a REIT that owns farmland and leases it to farmers, providing a straightforward business model. The REIT remains AFFO positive, generating $5.4M AFFO in Q4 and $20.3M for the full year. The preferred shares of Gladstone Land offer a yield of 7.4% if redeemed in January 2026, or 8.3% if not called.
The mean of analysts' price targets for Gladstone (LAND) points to a 36.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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What type of business is Gladstone Land?
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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 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 Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
What sector is Gladstone Land in?
Gladstone Land is in the Real Estate sector
What industry is Gladstone Land in?
Gladstone Land is in the Specialty industry
What country is Gladstone Land from?
Gladstone Land is headquartered in United States
When did Gladstone Land go public?
Gladstone Land initial public offering (IPO) was on 29 January 2013
What is Gladstone Land website?
https://www.gladstonefarms.com
Is Gladstone Land in the S&P 500?
No, Gladstone Land is not included in the S&P 500 index
Is Gladstone Land in the NASDAQ 100?
No, Gladstone Land is not included in the NASDAQ 100 index
Is Gladstone Land in the Dow Jones?
No, Gladstone Land is not included in the Dow Jones index
When was Gladstone Land the previous earnings report?
No data
When does Gladstone Land earnings report?
The next expected earnings date for Gladstone Land is 06 November 2024