Real Estate -
REIT - Industrial - NASDAQ - US
$ 20.05
-2.95 %
$ 726 M
Market Cap
-69.62
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
LANDO has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
2.22%
DIVIDEND YIELD
0.125 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
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
seekingalpha.com
- 1 month ago
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
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
- 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
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
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
- 3 months 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
- 3 months 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
- 3 months 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
- 4 months 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
- 4 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
- 5 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
- 8 months ago
8. Profile
Summary
Gladstone Land Corporation LANDO
COUNTRY
US
INDUSTRY
REIT - Industrial
MARKET CAP
$ 726 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
Mr. Lewis Parrish CPA
Chief Financial Officer & Assistant Treasurer
Ms. Karin McLaughlin
Investor Relations Specialist
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
Mr. Jay Beckhorn CPA, CPA
Treasurer
Mr. John Anthony Dellafiora Jr., CPA
Chief Compliance Officer
Ms. Paula Novara
Head of Resource Management & Director
Mr. David John Gladstone
Founder, Chairman, Chief Executive Officer & President