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Gladstone Land Corporation LANDO
Real Estate - REIT - Industrial - NASDAQ - US
Watchlist
$ 21.5
1.18 %
$ 447 M
Market Cap
-74.65
P/E
1. INTRINSIC VALUE

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 LANDO stock under the base case scenario is HIDDEN Compared to the current market price of 21.5 USD, Gladstone Land Corporation is HIDDEN

LANDO Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart LANDO

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FINANCIALS
90.4 M REVENUE
1.30%
Growth Rates
1Year 1.30%
3Years 16.60%
5Years 19.76%
7Years 26.63%
10Years 36.46%
70.6 M OPERATING INCOME
105.97%
Growth Rates
1Year 105.97%
3Years 36.61%
5Years 42.27%
7Years 38.95%
10Years 48.46%
14.6 M NET INCOME
208.84%
Growth Rates
1Year 208.84%
3Years 43.25%
5Years 39.41%
7Years 63.14%
10Years 30.10%
40.1 M OPERATING CASH FLOW
-8.47%
Growth Rates
1Year -8.47%
3Years 17.04%
5Years 30.95%
7Years 25.01%
10Years 56.66%
-3.77 M INVESTING CASH FLOW
95.59%
Growth Rates
1Year 95.59%
3Years 76.01%
5Years 47.43%
7Years 36.99%
10Years 20.78%
-78.9 M FINANCING CASH FLOW
-91.59%
Growth Rates
1Year -91.59%
3Years -9.81%
5Years -12.83%
7Years -9.66%
10Years -9.35%
22.6 M REVENUE
5.98%
Growth Rates
1Year 1.30%
3Years 16.60%
5Years 19.76%
7Years 26.63%
10Years 36.46%
0 OPERATING INCOME
0.00%
Growth Rates
1Year 105.97%
3Years 36.61%
5Years 42.27%
7Years 38.95%
10Years 48.46%
6 K NET INCOME
100.73%
Growth Rates
1Year 208.84%
3Years 43.25%
5Years 39.41%
7Years 63.14%
10Years 30.10%
-1.37 M OPERATING CASH FLOW
-8.59%
Growth Rates
1Year -8.47%
3Years 17.04%
5Years 30.95%
7Years 25.01%
10Years 56.66%
-1.64 M INVESTING CASH FLOW
-94.89%
Growth Rates
1Year 95.59%
3Years 76.01%
5Years 47.43%
7Years 36.99%
10Years 20.78%
-33.5 M FINANCING CASH FLOW
-98.80%
Growth Rates
1Year -91.59%
3Years -9.81%
5Years -12.83%
7Years -9.66%
10Years -9.35%
Balance Sheet Decomposition Gladstone Land Corporation
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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 14.3 M
Accounts Payable 10.3 M
Short-Term Debt 0
Other Current Liabilities 3.97 M
Non-Current Liabilities 653 M
Long-Term Debt 574 M
Other Non-Current Liabilities 79.1 M
EFFICIENCY
Earnings Waterfall Gladstone Land Corporation
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Revenue 90.4 M
Cost Of Revenue 4.2 M
Gross Profit 86.2 M
Operating Expenses 6.95 M
Operating Income 70.6 M
Other Expenses 56 M
Net Income 14.6 M
RATIOS
95.35% GROSS MARGIN
95.35%
Averages
1Year 95.35%
3Years 96.28%
5Years 95.90%
7Years 95.61%
10Years 95.33%
78.08% OPERATING MARGIN
78.08%
Averages
1Year 78.08%
3Years 52.49%
5Years 50.25%
7Years 47.08%
10Years 43.10%
16.11% NET MARGIN
16.11%
Averages
1Year 16.11%
3Years -11.58%
5Years -19.19%
7Years -12.70%
10Years -8.33%
2.02% ROE
2.02%
Averages
1Year 2.02%
3Years -1.45%
5Years -2.68%
7Years -1.71%
10Years -1.08%
1.05% ROA
1.05%
Averages
1Year 1.05%
3Years -0.64%
5Years -1.01%
7Years -0.66%
10Years -0.43%
5.46% ROIC
5.46%
Averages
1Year 5.46%
3Years -6.73%
5Years -9.55%
7Years 88.16%
10Years 62.12%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Gladstone Land Corporation
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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
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Gladstone Land Corporation
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LANDO has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
2.22% DIVIDEND YIELD
0.125 USD DIVIDEND PER SHARE
5. COMPETITION

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.

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43.3 USD
LANDM
Undervalued 73.21%

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States.

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0.0272 USD
GOODN
Overvalued 99.89%

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.

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0.748 USD
AGNCO
Overvalued 97.05%

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.

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0.748 USD
AGNCN
Overvalued 97.09%
6. Ownership
Insider Ownership Gladstone Land Corporation
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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
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
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 Shares Have A Big Hurdle Rate, With Preferreds Yielding 7.1% Gladstone Land, a farmland REIT, has expanded significantly since its inception. Farmland demand remains high, but yields per acre have increased enough to mitigate scarcity impact. Gladstone Land trades at a slight NAV discount, and potential returns seem low. seekingalpha.com - 2 months ago
Gladstone Land: The Series B Preferred Shares Are Now Fairly Valued (Rating Downgrade) Gladstone Land is a farmland REIT focused on California and Florida. The REIT's 6% fixed-rate preferred shares have outperformed iShares Preferred and Income Securities ETF in 2024 by delivering a 20% total return. While preferred dividend and common equity coverage metrics remain robust, I estimate the common stock offers better value at the moment. seekingalpha.com - 3 months ago
Gladstone Land: The Series B Preferred Shares Look Attractive Gladstone Land preferred shares fund a third of the REIT's balance sheet, on par with debt and equity market capitalization. The Series B preferred shares offer a 7.7% yield, covered by core FFO 1.9 times. The shares trade at a discount to par, amplifying the safety offered by the $482 million market capitalization. seekingalpha.com - 6 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 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: The Preferreds Make More Sense For Dividend Portfolios Gladstone Land: The Preferreds Make More Sense For Dividend Portfolios seekingalpha.com - 9 months ago
8. Profile Summary

Gladstone Land Corporation LANDO

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 447 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 Oct. 19, 2020
Employees 69
Officers Ms. Karin McLaughlin Investor Relations Specialist Mr. Lewis Parrish CPA Chief Financial Officer & Assistant Treasurer Mr. William Reiman Executive Vice President of West Coast Operations Ms. Jennifer A. Smith Chief Valuation Officer Mr. Terry Lee Brubaker Chief Operating Officer Mr. Michael Bernard LiCalsi Esq., J.D. General Counsel & Secretary Mr. David John Gladstone Founder, Chairman, Chief Executive Officer & President Mr. John Anthony Dellafiora Jr., CPA Chief Compliance Officer