Real Estate - REIT - Industrial - NASDAQ - US
$ 11.99
0.167 %
$ 434 M
Market Cap
-46.12
P/E
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.[ Read More ]
The intrinsic value of one LAND stock under the base case scenario is HIDDEN Compared to the current market price of 12 USD, Gladstone Land Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart LAND
FINANCIALS
90.4 M
REVENUE
70.6 M
OPERATING INCOME
14.6 M
NET INCOME
40.1 M
OPERATING CASH FLOW
-3.77 M
INVESTING CASH FLOW
-78.9 M
FINANCING CASH FLOW
22.6 M
REVENUE
0
OPERATING INCOME
6 K
NET INCOME
-1.37 M
OPERATING CASH FLOW
-1.64 M
INVESTING CASH FLOW
-33.5 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Gladstone Land Corporation
| Current Assets | 25.9 M |
| Cash & Short-Term Investments | 18.6 M |
| Receivables | 0 |
| Other Current Assets | 7.37 M |
| Non-Current Assets | 1.36 B |
| Long-Term Investments | 5.8 M |
| PP&E | 0 |
| Other Non-Current Assets | 1.36 B |
| Current Liabilities | 14.4 M |
| Accounts Payable | 10.3 M |
| Short-Term Debt | 92 K |
| Other Current Liabilities | 3.98 M |
| Non-Current Liabilities | 653 M |
| Long-Term Debt | 574 M |
| Other Non-Current Liabilities | 79.1 M |
EFFICIENCY
Earnings Waterfall
Gladstone Land Corporation
| Revenue | 90.4 M |
| Cost Of Revenue | 12.8 M |
| Gross Profit | 77.6 M |
| Operating Expenses | 6.95 M |
| Operating Income | 70.6 M |
| Other Expenses | 56 M |
| Net Income | 14.6 M |
RATIOS
85.84%
GROSS MARGIN
78.08%
OPERATING MARGIN
16.11%
NET MARGIN
2.02%
ROE
1.05%
ROA
5.46%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Gladstone Land Corporation
| Net Income | 14.6 M |
| Depreciation & Amortization | 37.3 M |
| Capital Expenditures | -12.8 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -9.35 M |
| Others | -8.34 M |
| Free Cash Flow | 27.3 M |
Wall Street Analysts Price Targets
Gladstone Land Corporation
Wall Street analysts predict an average 1-year price target for LAND of $15 , with forecasts ranging from a low of $14 to a high of $16 .
LAND Lowest Price Target
Wall Street Target
14 USD
16.76%
LAND Average Price Target
Wall Street Target
15 USD
25.10%
LAND Highest Price Target
Wall Street Target
16 USD
33.44%
4. DIVIDEND ANALYSIS
2.22%
DIVIDEND YIELD
0.0467 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Gladstone Land Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Feb 28, 2023
|
Bought 9.89 K USD
|
Novara Paula
Director |
+ 560
|
17.6597 USD |
|
4 years ago
Mar 17, 2020
|
Sell 4.17 K USD
|
ENGLISH MICHELA A
Director |
- 385
|
10.84 USD |
|
4 years ago
Mar 16, 2020
|
Bought 8.06 K USD
|
LiCalsi Michael
General Counsel and Secretary |
+ 800
|
10.0804 USD |
|
4 years ago
Mar 16, 2020
|
Bought 5.06 K USD
|
Parrish Lewis
CFO |
+ 500
|
10.13 USD |
|
4 years ago
Feb 24, 2020
|
Bought 9.98 K USD
|
ADELGREN PAUL W
Director |
+ 700
|
14.25 USD |
|
5 years ago
Nov 15, 2019
|
Bought 11.4 K USD
|
ADELGREN PAUL W
Director |
+ 950
|
12.03 USD |
|
5 years ago
Sep 10, 2019
|
Bought 884 K USD
|
GLADSTONE DAVID
CEO |
+ 74261
|
11.9 USD |
|
5 years ago
Sep 09, 2019
|
Bought 1.61 M USD
|
GLADSTONE DAVID
CEO |
+ 135739
|
11.86 USD |
|
5 years ago
Mar 15, 2019
|
Bought 113 K USD
|
GLADSTONE DAVID
CEO |
+ 9375
|
12.01 USD |
|
5 years ago
Mar 15, 2019
|
Bought 483 K USD
|
GLADSTONE DAVID
CEO |
+ 40182
|
12.03 USD |
|
5 years ago
Mar 14, 2019
|
Bought 283 K USD
|
GLADSTONE DAVID
CEO |
+ 23728
|
11.94 USD |
|
5 years ago
Mar 14, 2019
|
Bought 320 K USD
|
GLADSTONE DAVID
CEO |
+ 26715
|
11.99 USD |
|
6 years ago
May 11, 2018
|
Bought 1.77 K USD
|
Beckhorn Jay
Treasurer |
+ 138
|
12.814 USD |
|
6 years ago
Feb 23, 2018
|
Bought 10 K USD
|
ADELGREN PAUL W
Director |
+ 800
|
12.5126 USD |
|
6 years ago
Feb 23, 2018
|
Bought 13.9 K USD
|
ADELGREN PAUL W
Director |
+ 800
|
17.32 USD |
|
6 years ago
Feb 23, 2018
|
Bought 59.1 K USD
|
WILKINSON WALTER H
Director |
+ 4700
|
12.5824 USD |
|
7 years ago
Jun 14, 2017
|
Bought 228 K USD
|
GLADSTONE DAVID
CEO |
+ 20000
|
11.382 USD |
|
7 years ago
Mar 15, 2017
|
Bought 9.94 K USD
|
ADELGREN PAUL W
Director |
+ 900
|
11.05 USD |
|
7 years ago
Mar 15, 2017
|
Bought 4.97 K USD
|
Beckhorn Jay
Treasurer |
+ 450
|
11.05 USD |
|
7 years ago
Mar 15, 2017
|
Bought 1.11 K USD
|
ENGLISH MICHELA A
Director |
+ 100
|
11.13 USD |
|
7 years ago
Mar 14, 2017
|
Bought 1.1 K USD
|
ENGLISH MICHELA A
Director |
+ 100
|
11.02 USD |
|
7 years ago
Mar 14, 2017
|
Bought 5.5 K USD
|
Parrish Lewis
CFO |
+ 500
|
11 USD |
|
7 years ago
Mar 13, 2017
|
Bought 223 K USD
|
GLADSTONE DAVID
CEO |
+ 20000
|
11.1512 USD |
|
8 years ago
Sep 09, 2016
|
Bought 5.86 K USD
|
ADELGREN PAUL W
Director |
+ 500
|
11.72 USD |
|
8 years ago
Aug 26, 2016
|
Bought 50 K USD
|
Merrick Caren D
Director |
+ 4432
|
11.2905 USD |
|
8 years ago
Aug 22, 2016
|
Bought 2.75 K USD
|
Parrish Lewis
CFO |
+ 250
|
11 USD |
|
8 years ago
May 19, 2016
|
Bought 1.5 K USD
|
Parrish Lewis
CFO |
+ 150
|
10 USD |
|
8 years ago
May 05, 2016
|
Bought 1 K USD
|
Parrish Lewis
CFO |
+ 100
|
10 USD |
|
8 years ago
May 05, 2016
|
Bought 10.2 K USD
|
ADELGREN PAUL W
Director |
+ 1000
|
10.19 USD |
|
8 years ago
Mar 10, 2016
|
Bought 169 K USD
|
GLADSTONE DAVID
CEO |
+ 19000
|
8.8742 USD |
|
8 years ago
Mar 04, 2016
|
Bought 4.19 K USD
|
Parrish Lewis
CFO |
+ 482
|
8.69 USD |
|
8 years ago
Mar 04, 2016
|
Bought 156 USD
|
Parrish Lewis
CFO |
+ 18
|
8.65 USD |
|
8 years ago
Dec 15, 2015
|
Bought 315 K USD
|
GLADSTONE DAVID
President and CEO |
+ 36887
|
8.5465 USD |
|
8 years ago
Dec 15, 2015
|
Bought 125 K USD
|
GLADSTONE DAVID
President and CEO |
+ 14765
|
8.4998 USD |
|
8 years ago
Dec 15, 2015
|
Bought 1.72 K USD
|
Dellafiora John
Chief Compliance Officer |
+ 200
|
8.5896 USD |
|
8 years ago
Dec 14, 2015
|
Bought 4.12 K USD
|
Parrish Lewis
CFO |
+ 500
|
8.25 USD |
|
9 years ago
Aug 25, 2015
|
Bought 95.7 K USD
|
GLADSTONE DAVID
President and CEO |
+ 10000
|
9.5697 USD |
|
9 years ago
Aug 12, 2015
|
Bought 5.96 K USD
|
ADELGREN PAUL W
Director |
+ 600
|
9.94 USD |
|
9 years ago
Jun 15, 2015
|
Bought 50 K USD
|
WILKINSON WALTER H
Director |
+ 4500
|
11.1124 USD |
|
9 years ago
Jun 15, 2015
|
Bought 6.65 K USD
|
ADELGREN PAUL W
Director |
+ 600
|
11.09 USD |
|
9 years ago
Jun 15, 2015
|
Bought 9.9 K USD
|
Parrish Lewis
Chief Financial Officer |
+ 900
|
11 USD |
|
10 years ago
May 16, 2014
|
Bought 1.14 K USD
|
ADELGREN PAUL W
Director |
+ 100
|
11.4 USD |
|
10 years ago
May 16, 2014
|
Bought 4.55 K USD
|
ADELGREN PAUL W
Director |
+ 400
|
11.38 USD |
|
10 years ago
Mar 07, 2014
|
Bought 6.84 K USD
|
ADELGREN PAUL W
Director |
+ 519
|
13.17 USD |
|
10 years ago
Mar 07, 2014
|
Bought 6.28 K USD
|
ADELGREN PAUL W
Director |
+ 481
|
13.05 USD |
|
11 years ago
Aug 16, 2013
|
Bought 8.32 K USD
|
LiCalsi Michael
|
+ 500
|
16.6499 USD |
|
11 years ago
May 15, 2013
|
Bought 24.9 K USD
|
ADELGREN PAUL W
Director |
+ 1500
|
16.61 USD |
|
11 years ago
Mar 14, 2013
|
Bought 4.58 K USD
|
ENGLISH MICHELA A
Director |
+ 300
|
15.2599 USD |
|
11 years ago
Mar 14, 2013
|
Bought 4.58 K USD
|
ENGLISH MICHELA A
Director |
+ 300
|
15.2554 USD |
|
11 years ago
Jan 31, 2013
|
Bought 14 K USD
|
Reilly John
Director |
+ 1000
|
13.95 USD |
|
11 years ago
Jan 31, 2013
|
Bought 65.6 K USD
|
PARKER ANTHONY W
Director |
+ 4700
|
13.95 USD |
|
11 years ago
Jan 31, 2013
|
Bought 20.9 K USD
|
OUTLAND JOHN H
Director |
+ 1500
|
13.95 USD |
|
11 years ago
Jan 31, 2013
|
Bought 5.58 K USD
|
ENGLISH MICHELA A
Director |
+ 400
|
13.95 USD |
|
11 years ago
Jan 31, 2013
|
Bought 27.9 K USD
|
Earhart Terry
Director |
+ 2000
|
13.95 USD |
|
11 years ago
Jan 31, 2013
|
Bought 20.9 K USD
|
ADELGREN PAUL W
Director |
+ 1500
|
13.95 USD |
7. News
Gladstone Land Announces Retirement of Chief Operating Officer Terry Lee Brubaker
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024.
accesswire.com
- 1 day ago
LandSec still trailing profit targets despite marked improvement
FTSE 100-listed real estate investment trust Land Securities Group PLC (LSE:LAND) improved its return on equity in the six months ending 30 September, although this key performance metric remains significantly below target. LandSec delivered a 3.9% total return on equity, which represents the profitability for shareholders' contributions, in the period.
proactiveinvestors.co.uk
- 2 days ago
Gladstone Land Corporation (LAND) Q3 2024 Earnings Call Transcript
Gladstone Land Corporation (NASDAQ:LAND ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 PM ET Company Participants David J. Gladstone - Chairman, Chief Executive Officer and President Michael LiCalsi - General Counsel and Secretary Lewis Parrish - Chief Financial Officer and Assistant Treasurer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery Scott Craig Kucera - Lucid Capital Markets John Massocca - B.
seekingalpha.com
- 1 week ago
Gladstone Land (LAND) Q3 FFO Match Estimates
Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.16 per share a year ago.
zacks.com
- 1 week ago
Gladstone Land Announces Third Quarter 2024 Results
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 6, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the third quarter ended September 30, 2024.
accesswire.com
- 1 week ago
UPDATE: Gladstone Land Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Land Corporation (Nasdaq:LAND) announces the following event: What: Gladstone Land Corporation's Third Quarter Ended September 30, 2024, Earnings Call & Webcast When: Thursday, November 7, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=xhRxTltg How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Land Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through November 14, 2024.
accesswire.com
- 1 week ago
Gladstone Capital Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Capital Corporation (Nasdaq:LAND) announces the following event: What: Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30, 2024 Earnings Call & Webcast When: Thursday, November 14, 2024 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6trqFd How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Capital Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through November 21, 2024.
accesswire.com
- 1 week ago
Gladstone Securities Expands National Accounts Department
MCLEAN, VA / ACCESSWIRE / November 1, 2024 / Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Stephanie Conkright as a Director of National Accounts, primarily covering the Independent Broker Dealer channel. Stephanie will join Sean Boyd (Director of National Accounts) as he transitions to primarily developing and covering the RIA channel.
accesswire.com
- 2 weeks ago
2 Preferred Stocks At Bargain Prices, +7% Yield
A balanced mix of high yield, growth potential, and strong defense is achievable with the right approach. There are preferred securities from quality businesses, trading at substantial discounts and offering high yields. These historically high yields and discounted prices are likely to disappear with more rate cuts.
seekingalpha.com
- 2 weeks ago
Gladstone Land Reports Limited Damage to Southeast Farms from Recent Hurricanes
MCLEAN, VA / ACCESSWIRE / October 28, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced limited damage to its farms and facilities in the Southeastern U.S. as a result of Hurricanes Helene and Milton. While the Company is still assessing the overall impact of the hurricanes, early reports indicate wind damage to a portion of blueberry plantings on a small farm in southern Georgia and water damage to one cooling facility in central Florida, which is covered by insurance.
accesswire.com
- 2 weeks ago
These REITs Trade At Premiums, But Should They?
REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH Properties and Flagship offer cheaper entry points.
seekingalpha.com
- 1 month ago
Gladstone Land Announces Monthly Cash Distributions for October, November and December 2024 and Earnings Release and Conference Call Dates for the Third Quarter Ended September 30, 2024
MCLEAN, VA / ACCESSWIRE / October 8, 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 October, November and December 2024. Monthly Cash Distributions: Common Stock: $0.0467 per share of common stock for each of October, November and December 2024, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount October 22 October 31 $ 0.0467 November 20 November 29 0.0467 December 20 December 31 0.0467 Total for the Quarter: $ 0.1401 The Company has paid 140 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 35 times over the prior 39 quarters.
accesswire.com
- 1 month ago
8. Profile Summary
Gladstone Land Corporation LAND
COUNTRY
US
INDUSTRY
REIT - Industrial
MARKET CAP
$ 434 M
Dividend Yield
2.22%
Description
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.
Contact
1521 Westbranch Drive, McLean, VA, 22102
https://www.gladstonefarms.com
IPO Date
Jan. 29, 2013
Employees
70
Officers
Mr. Lewis Parrish CPA
Chief Financial Officer & Assistant Treasurer
Mr. David John Gladstone
Founder, Chairman, Chief Executive Officer & President
Mr. Terry Lee Brubaker
Chief Operating Officer
Mr. Michael Bernard LiCalsi Esq., J.D.
General Counsel & Secretary
Mr. William Reiman
Executive Vice President of West Coast Operations
Ms. Jennifer A. Smith
Chief Valuation Officer
Ms. Paula Novara
Head of Resource Management & Director
Ms. Karin McLaughlin
Investor Relations Specialist
Mr. John Anthony Dellafiora Jr., CPA
Chief Compliance Officer