Gladstone Land

Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.

Earnings data Q1 2021

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Earnings data Q4 2022

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Gladstone Land reports robust Q4 performance amidst crop profitability

Gladstone Land's Q4 performance reflects strong financial metrics and a focus on profitable crops, despite challenges with tenant issues and market uncertainties.
The company's strategic investments in water infrastructure and acquisitions position it well for growth and operational efficiency in the agricultural real estate sector.
While facing challenges like slow-paying tenants and market fluctuations, Gladstone Land has opportunities to diversify its portfolio and optimize its operational strategies for sustained success.
Overall, Gladstone Land's earnings call highlights a resilient performance, strategic strengths, ongoing challenges, and promising opportunities for future growth and profitability.

Gladstone Land reports 15% net income growth in Q1 2023

Gladstone Land reported a strong Q1 performance with a focus on financial indicators, farmland holdings, and operational challenges. Despite market challenges, the company remains optimistic about future opportunities and revenue streams.

Gladstone Land maintains stable performance amidst operational challenges in Q2

Gladstone Land's Q2 2023 performance reflects stability in financial metrics amidst operational challenges and revenue fluctuations.
Strategic strengths in farmland investments and income generation position the company well for long-term growth and value creation.
Addressing short-term challenges and seizing opportunities for optimization can drive Gladstone Land's future financial success.

Gladstone Land maintains stability amidst challenges, eyes valuation growth

Gladstone Land's Q3 earnings call highlighted the company's focus on key financial metrics, challenges with tenant payments, and strategies for navigating market uncertainties. Despite facing challenges such as high interest rates and oversupply in certain crops, the company remains optimistic about future opportunities and the resilience of its farmland investments.

Gladstone Land reports stable lease revenues and focuses on water security

Gladstone Land's Q4 earnings call highlighted stable lease revenues, challenges in farm acquisitions, and a focus on water security projects. The company's strengths in innovative water management and commitment to sustainable practices position it well for future growth. Opportunities in farmland investments and addressing shareholder concerns present avenues for value creation.

Gladstone Land addresses challenges and opportunities in Q1 earnings

Gladstone Land's earnings call highlighted a mixed performance with strengths in financial stability and portfolio diversification, but challenges in tenant issues and market uncertainties. The company faces opportunities in acquisitions, stable regions for farming, and access to capital despite industry challenges.

Gladstone Land reports Q2 loss, eyes rebound in crop pricing

Gladstone Land's Q2 2024 performance saw a net loss, but the company remains financially strong with valuable farmland and water assets. Challenges in crop pricing and participation rents are being addressed, while opportunities in pricing rebound and potential asset dispositions are being explored. The company maintains a cautious stance on acquisitions due to high capital costs.

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This article series provides a weekly summary of dividend changes, including dividend increases and dividend cuts or suspensions.

Dividend Changes: July 11-17, 2020

MCLEAN, Va., July  14, 2020  (GLOBE NEWSWIRE) --  Gladstone Land Corporation  (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following cash distributions for each of July, August, and September 2020 and also announced its plan to report earnings for its second quarter ended June 30, 2020.

Gladstone Land Announces Increase in Monthly Cash Distributions for July, August, and September 2020 and Second Quarter Ended June 30, 2020, Earnings Release and Conference Call Dates

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Gladstone Land Acquires Pecan Orchard in California

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MCLEAN, Va., May  07, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 678 gross acres of farmland in Chase County, Nebraska, for $3.5 million. The farm consists of 648 irrigated acres and will grow a rotation of potatoes, edible beans, and corn. In connection with the acquisition, Gladstone Land also entered into a seven-year, triple-net lease with a local, well-respected tenant who will process all the potatoes raised on the farm at one of their own facilities.

Gladstone Land Completes Acquisition of Irrigated Farmland in Nebraska

Gladstone Land's (LAND) CEO David Gladstone on Q1 2020 Results - Earnings Call Transcript

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MCLEAN, Va., April  14, 2020  (GLOBE NEWSWIRE) --  Gladstone Land Corporation  (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following cash distributions for each of April, May and June 2020.

Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2020

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Gladstone Land has been struggling lately, but the selling pressure may be coming to an end soon.

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MCLEAN, Va., March  26, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced today that it has provided the following update to its shareholders:

Gladstone Land Provides Update on Impact of Coronavirus on Operations and Distributions

MCLEAN, Va., March  23, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has completed its 6,000,000 share continuous registered public offering of its 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"). The Company’s first sale of shares of its Series B Preferred Stock occurred on June 25, 2018.

Gladstone Land Completes Offering of its Series B Preferred Stock

MCLEAN, Va., Feb.  20, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (the “Company”) today announced that it has filed a new prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) for a continuous public offering of up to 400,000 shares (the “Offering”) of its newly-designated 6.00% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) at an offering price of $25.00 per share (the “Primary Offering”), and up to 120,000 shares of Series C Preferred Stock pursuant to a dividend reinvestment plan at a price of $22.75 per share to those stockholders who participate in such dividend reinvestment plan (the “DRIP Offering”). The Company expects up to $10.00 million in gross proceeds from the Primary Offering and up to $2.73 million from the DRIP Offering and an aggregate of approximately $11.83 million in net proceeds, after payment of dealer manager fees and selling commissions and estimated expenses of the offering payable by the Company, assuming all shares of the Series C Preferred Stock are sold in the Primary Offering and the DRIP Offering.  Gladstone Securities, LLC, an affiliate of the Company (“Gladstone Securities”), will serve as the Company’s exclusive dealer manager in connection with the Offering. The Series C Preferred Stock is being offered by Gladstone Securities on a “reasonable best efforts” basis pursuant to a Dealer Manager Agreement dated as of February 20, 2020, entered into between the Company and Gladstone Securities (the “Dealer Manager Agreement”). The Dealer Manager Agreement provides for the sale of up to 20,000,000 shares of Series C Preferred Stock in the Primary Offering and up to 6,000,000 in the DRIP Offering and the Company intends to file a new registration statement on Form S-3 and a related prospectus supplement in March of 2020 in order to register and offer for sale the entire amount of Series C Preferred Stock pursuant to the terms of the Dealer Manager Agreement.

Gladstone Land Corporation Files for Public Offering of  6.00% Series C Cumulative Redeemable Preferred Stock

Gladstone Land Corporation (LAND) CEO David Gladstone on Q4 2019 Results - Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of 11.33% and 12.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Beats Q4 FFO and Revenue Estimates

MCLEAN, Va., Jan.  16, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 1,324 gross acres of farmland in Holyoke, Colorado, for $7.5 million. The farm consists of 1,064 irrigated acres and will grow a rotation of potatoes, corn for use in the tenant’s feedlots, and sugar beets, which is a new crop type in the Gladstone Land portfolio. In connection with the acquisition, Gladstone Land also entered into a six-year, triple-net leaseback agreement with the seller.

Gladstone Land Completes Acquisition of Irrigated Farmland in Colorado

MCLEAN, Va., Jan.  14, 2020  (GLOBE NEWSWIRE) -- MCLEAN, Va., January 14, 2020 –  Gladstone Land Corporation  (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following cash distributions for each of January, February, and March 2020.

Gladstone Land Announces Increase in Monthly Cash Distributions for January, February, and March 2020

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MCLEAN, Va., Nov.  25, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the "Company") today announced that it has sold over $100,000,000 (4,224,377 shares) of its continuous registered public offering of 6,000,000 shares of its 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") since filing a prospectus supplement on May 31, 2018. The Company’s first sale of Series B Preferred Stock occurred on June 25, 2018.

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