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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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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MCLEAN, VA / ACCESSWIRE / December 20, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 1,204 gross acres of farmland, including 975 farmable acres, located north of Fort Myers, Florida, for approximately $7.4 million. In connection with the acquisition, Gladstone Land entered into a five-year, triple-net lease agreement with the seller and current tenant.

Gladstone Land Acquires Additional Farmland in Florida

MCLEAN, VA / ACCESSWIRE / December 6, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 2,635 gross acres of farmland, including 1,776 planted acres of pistachios, located near Lost Hills, California, for $88.0 million. In connection with the acquisition, Gladstone Land entered into a 10-year, triple-net lease agreement with the seller.

Gladstone Land Acquires Pistachio Orchard in California

Gladstone Land's (LAND) recent purchase of farmland for $2.4 million will fortify its foothold in Oregon

Gladstone Land (LAND) Strengthens Base in Oregon With Buyout

MCLEAN, VA / ACCESSWIRE / November 29, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 165 gross acres of farmland located near Milton-Freewater, Oregon, for approximately $2.4 million. In connection with the acquisition, Gladstone Land entered into a 10-year, triple-net lease agreement with an existing tenant who is a leader in the wine industry.

Gladstone Land Acquires Farmland in Oregon

MCLEAN, VA / ACCESSWIRE / November 18, 2021 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") today announced that it has sold over $75,000,000 in its continuous registered public offering of $500,000,000 of its 6.00% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") since filing a prospectus supplement on April 3, 2020. The Company's first sale of Series C Preferred Stock occurred on April 8, 2020.

Gladstone Land Corporation Exceeds $75 Million Raised for Series C Preferred Stock Offering

MCLEAN, VA / ACCESSWIRE / November 15, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired approximately 230 gross acres of farmland, including 175 acres of blueberry bushes and a fresh packing and shipping facility, located near Homerville, Georgia, for approximately $2.9 million. In connection with the acquisition, Gladstone Land entered into a 15-year lease agreement with a regional farmer who is part of a national berry marketing group.

Gladstone Land Acquires Two Farms and Facilities in Georgia

Gladstone Land Corporation (LAND) CEO David Gladstone on Q3 2021 Results - 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 9, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") today reported financial results for the third quarter ended September 30, 2021.

Gladstone Land Announces Third Quarter 2021 Results

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MCLEAN, VA / ACCESSWIRE / October 25, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 219 gross acres of farmland located in Madera County, California, for $3.3 million. In connection with the acquisition, Gladstone Land entered into a 10-year, triple-net lease agreement with an existing tenant.

Gladstone Land Acquires Almond Orchard in California

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Gladstone Land Corporation is a farmland REIT with a diversified portfolio across the continental United States. Gladstone has taken on an untraditional asset class benefitting from unusual growth drivers.

Gladstone Land: A Unique REIT In An Overlooked Asset Class

MCLEAN, VA / ACCESSWIRE / October 12, 2021 / 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 2021. Monthly Cash Distributions: Common Stock: $0.0452 per share of common stock for each of October, November and December 2021, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount October 22 October 29 $ 0.0452 November 19 November 30 0.0452 December 23 December 31 0.0452 Total for the Quarter: $ 0.1356 The Company has paid 104 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 24 times over the prior 27 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2021 and Third Quarter Ended September 30, 2021, Earnings Release and Conference Call Dates

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MCLEAN, VA / ACCESSWIRE / October 12, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 1,284 gross acres of farmland, including over 1,200 planted acres of pistachios and almonds (a portion of which is organic), located in Kern County, California, and 19,670 acre-feet of stored water (equal to approximately 6.4 billion gallons) located within the Semitropic Water Storage District water bank for a total of approximately $43.0 million. In connection with the acquisition, Gladstone Land entered into a 10-year, triple-net lease agreement for the farmland.

Gladstone Land Acquires Nut Orchard and Option to Purchase Stored Water in California

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MCLEAN, VA / ACCESSWIRE / August 19, 2021 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that it has acquired two lemon and orange groves, totaling 617 acres in South Florida for approximately $5.2 million. In connection with the acquisition, Gladstone Land entered into a 12-year leaseback agreement with the seller.

Gladstone Land Acquires Citrus Groves in South Florida

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MCLEAN, VA / ACCESSWIRE / August 12, 2021 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that it has acquired approximately $42.3 million of farmland, blueberry plantings, and improvements located in Kern County, California, and Yamhill County, Oregon. Both farms are 100% certified USDA organic.

Gladstone Land Acquires Organic Blueberry Orchards in Oregon & California

Gladstone Land Corporation (LAND) CEO David Gladstone on Q2 2021 Results - Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of -16.00% and 3.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Lags Q2 FFO Estimates

News for Gladstone Land Stock (LAND)