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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MCLEAN, VA / ACCESSWIRE / January 9, 2024 / 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 2024. Monthly Cash Distributions: Common Stock: $0.0465 per share of common stock for each of January, February and March 2024, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount January 23 January 31 $ 0.0465 February 21 February 29 0.0465 March 21 March 29 0.0465 Total for the Quarter: $ 0.1395 The Company has paid 131 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 33 times over the prior 36 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2024 and Earnings Release and Conference Call Dates for the Fourth Quarter Ended December 31, 2023

Ellington Financial

EPR Properties

LTC Properties

Modiv

Realty Income Corp

PennantPark Floating Rate Capital

In the realm of smart investing, safeguarding your portfolio while ensuring a steady flow of income is paramount. This is where monthly dividend stocks shine, especially in the dynamic fiscal landscape of 2024.

Income on Autopilot: 7 Monthly Dividend Stocks to Buy for Stability

Fortitude Gold Corp

Irrespective of whether you are a dividend investor, a growth investor or a value investor, you may be curious as to what the best monthly dividend stocks are for 2024. Given the current macro backdrop, there are many opportunities among stocks that pay monthly rather than quarterly dividends.

The 7 Best Monthly Dividend Stocks: 2024 Edition

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: American Farmland At A Discount, 3.8% 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.

Gladstone Land: Cheap Valuation Got Cheaper; Reiterate Buy Recommendation

Gladstone Land Corporation (NASDAQ:LAND ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel and Head, Administration Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Mike Albanese - EF Hutton John Massocca - B. Riley Mike Whitaker - Newbridge Securities Operator Greetings and welcome to the Gladstone Land Corporation Third Quarter Earnings Conference Call.

Gladstone Land Corporation (LAND) Q3 2023 Earnings Call Transcript

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESSWIRE / November 7, 2023 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the third quarter ended September 30, 2023.

Gladstone Land Announces Third Quarter 2023 Results

Gladstone Land specializes in the acquisition and management of farmland and agricultural properties in the United States. With the global population expanding and the climate becoming unpredictable, farming becomes more challenging but more valuable too. My valuation model implies a potential annual return of 13% from the current price; therefore, I consider LAND a Buy.

Gladstone Land: Farmland Shortage Provides Significant Tailwinds

Main Street Capital

If you're searching for growth stocks for monthly passive income, look no further. If you are a passive income investor, your favorite investments will continue to remain stocks that pay a monthly dividend.

Monthly Passive Income: 3 Growth Stocks Worth Considering

Agree Realty

Alexandria Real Estate Equities

Innovative Industrial Properties

Rexford Industrial Realty

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

The market appears to be treating all REITs the same: as debt-burdened alternatives to fixed income. But there is a wide world of diversity across the landscape of REITs, including on the balance sheet side. I highlight five REITs with balance sheets that are well-positioned to withstand high interest rates with almost no floating rate exposure or upcoming debt maturities.

5 REITs With No Near-Term Debt Maturities And Virtually No Floating Rate Debt

A. O. Smith

Apogee Enterprises

Axis Capital

Caterpillar

Colgate-Palmolive

Camden Property

Quest Diagnostics

Erie Indemnity

Evans Bancorp

First of Long Island

Farmers & Merchants Bancorp

First Bancorp

H.B. Fuller

Gladstone Investment

Glacier Bancorp

Graham Holdings

Great Southern Bancorp

Horizon

Intuit

Lockheed Martin

Northwest Natural Gas

Bank OZK

Procter & Gamble

Pentair

Republic Bancorp

Royal Gold

Roper Technologies

RPM International

Riverview Bancorp

Shoe Carnival

Star Group

Thor Industries

Tootsie Roll Industries

Toro

WD-40

Williams-Sonoma

Xcel Energy

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Dividend Champion, Contender, And Challenger Highlights: Week Of October 15

MCLEAN, VA / ACCESSWIRE / October 10, 2023 / 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 October, November and December 2023. Monthly Cash Distributions: Common Stock: $0.0464 per share of common stock for each of October, November and December 2023, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount October 20 October 31 $ 0.0464 November 20 November 30 0.0464 December 18 December 29 0.0464 Total for the Quarter: $ 0.1392 The Company has paid 128 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 32 times over the prior 35 quarters (including this quarter).

Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2023 and Earnings Release and Conference Call Dates for the Third Quarter Ended September 30, 2023

Farmland REITs have been hit by lower crop yield, lower crop prices, and higher interest rate expenses, and share prices have suffered accordingly. Farmland remains a compelling investment, as world population continues to rise, while arable land per capita shrinks. There are only two U.S. Farmland REITs. We examine growth, balance sheet, dividend, and valuation metrics for the larger of the two, Gladstone Land.

Gladstone Land: Better Investment Than Farmland Partners

Gladstone Land Corporation (NASDAQ:LAND ) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants David Gladstone - Chairman, CEO and President Michael LiCalsi - General Counsel and Secretary Lewis Parrish - CFO and Assistant Treasurer Conference Call Participants Rob Stevenson - Janney Montgomery Edwin Najarian - EF Hutton Operator Greeting and welcome to the Land Corporation Second Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.

Gladstone Land Corporation (LAND) Q2 2023 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.13 per share a year ago.

Gladstone Land (LAND) Matches Q2 FFO Estimates

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESSWIRE / August 7, 2023 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the second quarter ended June 30, 2023.

Gladstone Land Announces Second Quarter 2023 Results

JPMorgan BetaBuilders MSCI US REIT ETF

Principal Real Estate Active Opportunities ETF

Dimensional US Real Estate ETF

Diversified Healthcare Trust

Extra Space Storage

Farmland Partners

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Global Net Lease

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

Home Appreciation US REIT ETF

Host Hotels & Resorts

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

Janus Henderson U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

Office Properties Income Trust

PotlatchDeltic

US Diversified Real Estate ETF

After 4 straight months in the red, the REIT sector surged back into the black year to date with a stellar +7.41% total return in June. Small cap REITs (+8.59%) outperformed again in June. Large caps (+5.51%) again underperformed their smaller REIT peers in June. A remarkable 87.34% of REIT securities had a positive total return in June with 49.69% in the black year to date.

The State Of REITs: July 2023 Edition

STAG Industrial

Monthly dividends are ideal for passive income production. These stocks' payouts should steadily head higher as the REITs grow their portfolios.

5 Dividend Stocks Yielding More Than 3% to Buy Right Now for Monthly Passive Income

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Nuveen Real Estate Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

One of the hottest "inflation hedges" during the pandemic, land REITs have fallen out-of-favor as rising rates and normalizing supply chains have created disinflationary - and even deflationary - headwinds for commodities. While services sector inflation remains sticky, goods-related inflation has fallen dramatically over the past nine months, with some inflation reports now showing goods deflation levels typically seen only in recessions.

Land REITs: Disinflation Headwinds

News for Gladstone Land Stock (LAND)