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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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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Gladstone Land Corporation is an agricultural REIT that owns and leases farmland across 15 states. The company has experienced substantial growth over the years and is conservatively financed with strong liquidity.

Gladstone Land: The Preferreds Make More Sense For Dividend Portfolios

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Many retail investors enjoy monthly dividends, and for good reason. Institutional investors have shifted REITs' priorities, making it difficult to convince them to switch to monthly dividends. Today I'll highlight a few of my favorites.

Monthly Mailbox Money (So You Can Sleep Well At Night)

MCLEAN, VA / ACCESSWIRE / January 16, 2024 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced that it has completed the sale of a farm in Florida for approximately $65.7 million. The investment in this farm provided a 60% return on equity, and the sale price reflected a 22% increase over the original purchase price.

Gladstone Land Announces Gain on Sale of Florida Farm

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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

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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.

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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.

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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

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

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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

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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.

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News for Gladstone Land Stock (LAND)