Real Estate -
REIT - Industrial - NASDAQ - US
$ 10.77
-0.462 %
$ 390 M
Market Cap
-41.42
P/E
1. INTRINSIC VALUE
Balance Sheet
Gladstone Land Corporation
| Current Assets | 72.2 M |
| Cash & Short-Term Investments | 18.6 M |
| Receivables | 0 |
| Other Current Assets | 53.6 M |
| Non-Current Assets | 1.32 B |
| Long-Term Investments | 11.6 M |
| PP&E | 35.2 M |
| Other Non-Current Assets | 1.27 B |
| Current Liabilities | 14.4 M |
| Accounts Payable | 10.3 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 4.07 M |
| Non-Current Liabilities | 653 M |
| Long-Term Debt | 576 M |
| Other Non-Current Liabilities | 77.5 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
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
29.99%
LAND Average Price Target
Wall Street Target
15 USD
39.28%
LAND Highest Price Target
Wall Street Target
16 USD
48.56%
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 |
|
9 years ago
Dec 15, 2015
|
Bought
315 K USD
|
GLADSTONE DAVID
President and CEO
|
+ 36887
|
8.5465 USD |
|
9 years ago
Dec 15, 2015
|
Bought
125 K USD
|
GLADSTONE DAVID
President and CEO
|
+ 14765
|
8.4998 USD |
|
9 years ago
Dec 15, 2015
|
Bought
1.72 K USD
|
Dellafiora John
Chief Compliance Officer
|
+ 200
|
8.5896 USD |
|
9 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: A Record 5% Dividend Yield From U.S. Farmland
Gladstone Land owns 168 farms and nearly 54,000 acre-feet of water assets, with a 99.5% occupancy rate, but shares have dipped 20% over the last year. The REIT's NAV per share stands at $15.57, trading at a 29% discount, with a 5.04% dividend yield, offering a reasonable margin of safety. Third quarter revenue and cash flows have declined, with NAV per share dropping from $20.33 a year ago due to lower farm valuations and higher long-term borrowing costs.
seekingalpha.com
- 1 month ago
LandSec expands shopping centre empire with major Liverpool takeover
Blue-chip real estate trust Land Securities Group PLC (LSE:LAND) has increased the size of its shopping centre footprint through the acquisition of a 92% stake in Liverpool ONE for nearly half a billion pounds. According to LandSec's metrics, the company now owns seven of the top-30 shopping centres in the UK.
proactiveinvestors.co.uk
- 1 month ago
Gladstone Land: I'm Sticking With The Preferred Shares
Gladstone Land's shift to crop-sharing leases will reduce base rent income in the short term and may boost future profitability. Preferred shares offer better value and safety compared to common shares, with dividends well covered despite high payout ratios. The REIT's balance sheet is improving, but farmland value declines have impacted NAV, making preferred shares more attractive.
seekingalpha.com
- 1 month ago
Got $5,000? These High-Yield Dividend Stocks Can Turn It Into a Monthly Passive Income Stream Worth Nearly $275 Each Year.
Passive income can help get you on the road to financial freedom. As you grow your passive income sources, you'll become less reliant on your job to support your lifestyle.
fool.com
- 1 month ago
7 Stocks I'm Buying In Defiance Of Post-Election Euphoria
Some stock sectors exhibit dangerous euphoria, reminiscent of Icarus flying too close to the sun, risking a significant correction. Post-election optimism has inflated valuations in midstream energy, regional banks, investment banks, and insurance companies, raising concerns about sustainability. The threat of mass deportations could impact agricultural REITs like Gladstone Land, affecting labor supply and lease structures.
seekingalpha.com
- 1 month ago
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
- 2 months 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 months 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
- 2 months 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
- 2 months 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
- 2 months 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
- 2 months 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
- 2 months ago
8. Profile
Summary
Gladstone Land Corporation LAND
COUNTRY
US
INDUSTRY
REIT - Industrial
MARKET CAP
$ 390 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. William Reiman
Executive Vice President of West Coast Operations
Mr. Jay Beckhorn CPA, CPA
Treasurer
Ms. Paula Novara
Head of Resource Management & Director
Mr. Michael Bernard LiCalsi Esq., J.D.
General Counsel & Secretary
Ms. Jennifer A. Smith
Chief Valuation Officer
Mr. John Anthony Dellafiora Jr., CPA
Chief Compliance Officer
Mr. David John Gladstone
Founder, Chairman, Chief Executive Officer & President
Ms. Karin McLaughlin
Investor Relations Specialist
Mr. Lewis Parrish CPA
Chief Financial Officer & Assistant Treasurer