Real Estate - REIT - Industrial - NASDAQ - US
$ 25.0
0 %
$ 433 M
Market Cap
-227.27
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 LANDM stock under the base case scenario is HIDDEN Compared to the current market price of 25 USD, Gladstone Land Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart LANDM
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
LANDM has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
2.22%
DIVIDEND YIELD
0.104 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 |
|
11 years ago
Aug 16, 2013
|
Bought 8.32 K USD
|
LiCalsi Michael
|
+ 500
|
16.6499 USD |
7. News
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
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
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
The Impressive Durability Of REIT Investments
REIT bankruptcies are incredibly rare. The nature of their business is very resilient. I present 5 reasons that make most REITs quasi indestructible.
seekingalpha.com
- 1 month ago
Gladstone Land Offers A 6.65-7% Yield (To Maturity) On Its Preferred Equity
Gladstone Land is a REIT focusing on farmland leasing. Preferred dividends are well covered and the balance sheet is strong with high equity to assets ratio. Series D preferred shares offer a potential yield of 6.65% if called in January 2026.
seekingalpha.com
- 3 months ago
Gladstone Land Corporation (LAND) Q1 2024 Earnings Call Transcript
Gladstone Land Corporation (NASDAQ:LAND ) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney John Massocca - B. Riley Operator Greetings and welcome to the Gladstone Land Corporation First Quarter Earnings Conference Call.
seekingalpha.com
- 6 months ago
Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds
Gladstone Land is a REIT that owns farmland and leases it to farmers, providing a straightforward business model. The REIT remains AFFO positive, generating $5.4M AFFO in Q4 and $20.3M for the full year. The preferred shares of Gladstone Land offer a yield of 7.4% if redeemed in January 2026, or 8.3% if not called.
seekingalpha.com
- 7 months ago
Gladstone Land Series C Preferred: Sustaining Pari Passu Arbitrage With A 25% Upside To Call
Gladstone Land Series C Preferred: Sustaining Pari Passu Arbitrage With A 25% Upside To Call
seekingalpha.com
- 9 months ago
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
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.
accesswire.com
- 10 months ago
Gladstone Land: American Farmland At A Discount, 3.8% Yield
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.
seekingalpha.com
- 11 months ago
Gladstone Land Corporation (LAND) Q3 2023 Earnings Call Transcript
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.
seekingalpha.com
- 1 year ago
8. Profile Summary
Gladstone Land Corporation LANDM
COUNTRY
US
INDUSTRY
REIT - Industrial
MARKET CAP
$ 433 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. 15, 2021
Employees
69
Officers
Ms. Jennifer A. Smith
Chief Valuation Officer
Mr. Terry Lee Brubaker
Chief Operating Officer
Mr. Lewis Parrish CPA
Chief Financial Officer & Assistant Treasurer
Ms. Karin McLaughlin
Investor Relations Specialist
Mr. David John Gladstone
Founder, Chairman, Chief Executive Officer & President
Mr. Michael Bernard LiCalsi Esq., J.D.
General Counsel & Secretary
Mr. William Reiman
Executive Vice President of West Coast Operations
Mr. John Anthony Dellafiora Jr., CPA
Chief Compliance Officer