Profile
Sector:
Real EstateIndustry:
SpecialtyCountry:
United StatesIPO:
29 January 2013Website:
http://www.gladstonefarms.comNext earnings report:
07 August 2024Last dividends:
18 June 2024Next dividends:
N/APrice
regular market | 5 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
LAND Latest News
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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Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to FFO of $0.20 per share a year ago.
MCLEAN, VA / ACCESSWIRE / February 19, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event: What: Gladstone Land Corporation's Fourth Quarter Ended December 31, 2023, Earnings Call & Webcast When: Wednesday, February 21, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=4c60907F How: By webcast -- Log on to the web at the address above By phone -- Please call (877) 407-9046 Contact: Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through February 28, 2024.
Gladstone Land Series C Preferred: Sustaining Pari Passu Arbitrage With A 25% Upside To Call
Gladstone Land: The Preferreds Make More Sense For Dividend Portfolios
Gladstone Land's stock has dipped 22% year-to-date but is still at a higher FFO multiple compared to other non-farm equity REITs. The REIT's management estimates the underlying value of its assets to be approximately $1.6 billion, while the market cap is only $520 million. LAND has a diversified portfolio of farmland leased to 90 different tenant farmers and pays out a monthly dividend with a 3.8% annualized yield.
Gladstone Land Corporation's shares have declined by 10%, widening the discount to net asset value. Q3/23 earnings showed a decline in operating revenues, but net asset value per common share increased. The company's cheap valuation got even cheaper, trading at only 0.7x price-to-net asset value.
- 1(current)
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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 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 does Gladstone Land report earnings?
The next expected earnings date for Gladstone Land is 07 August 2024