Gladstone Land

Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. It also includes farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The company was founded by David Gladstone on June 14, 1997 and is headquartered in McLean, VA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

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Gladstone Land reports robust Q4 performance amidst crop profitability

Gladstone Land's Q4 performance reflects strong financial metrics and a focus on profitable crops, despite challenges with tenant issues and market uncertainties.
The company's strategic investments in water infrastructure and acquisitions position it well for growth and operational efficiency in the agricultural real estate sector.
While facing challenges like slow-paying tenants and market fluctuations, Gladstone Land has opportunities to diversify its portfolio and optimize its operational strategies for sustained success.
Overall, Gladstone Land's earnings call highlights a resilient performance, strategic strengths, ongoing challenges, and promising opportunities for future growth and profitability.

Gladstone Land reports 15% net income growth in Q1 2023

Gladstone Land reported a strong Q1 performance with a focus on financial indicators, farmland holdings, and operational challenges. Despite market challenges, the company remains optimistic about future opportunities and revenue streams.

Gladstone Land maintains stable performance amidst operational challenges in Q2

Gladstone Land's Q2 2023 performance reflects stability in financial metrics amidst operational challenges and revenue fluctuations.
Strategic strengths in farmland investments and income generation position the company well for long-term growth and value creation.
Addressing short-term challenges and seizing opportunities for optimization can drive Gladstone Land's future financial success.

Gladstone Land maintains stability amidst challenges, eyes valuation growth

Gladstone Land's Q3 earnings call highlighted the company's focus on key financial metrics, challenges with tenant payments, and strategies for navigating market uncertainties. Despite facing challenges such as high interest rates and oversupply in certain crops, the company remains optimistic about future opportunities and the resilience of its farmland investments.

Gladstone Land reports stable lease revenues and focuses on water security

Gladstone Land's Q4 earnings call highlighted stable lease revenues, challenges in farm acquisitions, and a focus on water security projects. The company's strengths in innovative water management and commitment to sustainable practices position it well for future growth. Opportunities in farmland investments and addressing shareholder concerns present avenues for value creation.

Gladstone Land addresses challenges and opportunities in Q1 earnings

Gladstone Land's earnings call highlighted a mixed performance with strengths in financial stability and portfolio diversification, but challenges in tenant issues and market uncertainties. The company faces opportunities in acquisitions, stable regions for farming, and access to capital despite industry challenges.

Gladstone Land reports Q2 loss, eyes rebound in crop pricing

Gladstone Land's Q2 2024 performance saw a net loss, but the company remains financially strong with valuable farmland and water assets. Challenges in crop pricing and participation rents are being addressed, while opportunities in pricing rebound and potential asset dispositions are being explored. The company maintains a cautious stance on acquisitions due to high capital costs.

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Gladstone Land is a well-run company but has become a bit overvalued. I also have concerns that specialty crops are at peak cycle.

Time To Take Gains On Gladstone Land And Reinvest In Traditional Farmland

Gladstone Land is a unique REIT that focuses on investing in specialty farms. The fundamentals of this real estate sector are very good due to a growing population and decreasing supply of farmland.

LANDP: Don't Bother With The Gladstone Land Series A Preferreds

MCLEAN, VA / ACCESSWIRE / January 13, 2021 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") announced that it has priced its public offering of 2,100,000 shares of its newly designated 5.00% Series D Cumulative Term Preferred Stock (the "Series D Preferred Stock") at a price to the public of $25.00 per share. The Company also granted the underwriters a 30-day option to purchase up to 315,000 additional shares of Series D Preferred Stock solely to cover over-allotments, if any.

Gladstone Land Corporation Announces Pricing of Preferred Stock Offering

MCLEAN, VA / ACCESSWIRE / January 12, 2021 / 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 2021. Monthly Cash Distributions: Common Stock : $0.04495 per share of common stock for each of January, February, and March 2021, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount January 22 January 29 $ 0.04495 February 17 February 26 0.04495 March 18 March 31 0.04495 Total for the Quarter: $ 0.13485 The Company has paid 95 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 21 times over the prior 24 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for January, February, and March 2021

MCLEAN, VA / ACCESSWIRE / January 12, 2021 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company"), today announced the conditional optional redemption of all of the outstanding shares of its 6.375% Series A Cumulative Term Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The optional redemption is contingent upon the closing of an offering of the Company's Series D Cumulative Term Preferred Stock on or prior to February 11, 2021, with net proceeds to the Company sufficient to effect the redemption of the Series A Preferred Stock.

Gladstone Land Corporation Announces Conditional Optional Redemption of all Outstanding Shares of Its Series A Preferred Stock

MCLEAN, VA / ACCESSWIRE / January 12, 2021 / Gladstone Land Corporation (NASDAQ:LAND) (the "Company") today announced that it plans to sell shares of its newly-designated Series D Cumulative Term Preferred Stock (the "Series D Preferred Stock") in an underwritten public offering. The public offering price and other terms are to be determined by negotiations between the Company and the underwriters.

Gladstone Land Corporation Announces Preferred Stock Offering

LANDO yields 6.01% and pays $.125 monthly. It has mainly triple net leases in 13 states, with no delinquencies.

Gladstone Land, Farmland Landlord Preferred B Shares: 6% Monthly Payouts

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MCLEAN, VA / ACCESSWIRE / January 4, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced that it has acquired 160 gross acres of farmland located in Tulare County, California, for $4.2 million. In connection with the acquisition, Gladstone Land also entered into an eight-year leaseback agreement with the seller.

Gladstone Land Acquires Citrus Orchard in California

Gladstone Land recently announced the purchase of a few specialty crop farms in California. The company already has tenants for this farmland, ensuring that it can generate cash flow from them right away and grow its revenues.

Gladstone Land: The Growth Story Continues For This Attractive REIT

MCLEAN, VA / ACCESSWIRE / December 28, 2020 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced that it has acquired approximately 1,670 total acres of farmland and facilities located San Joaquin County, California, and Whatcom County, Washington. The acquisition includes approximately 1,390 planted acres of organic and conventional blueberries, as well as a fresh packing and cooling facility.

Gladstone Land Announces Large Farmland Acquisitions in California & Washington

MCLEAN, VA / ACCESSWIRE / December 17, 2020 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") announced that it has acquired 4,642 acres of farmland located in Tulare County, California, for $61.5 million. The farm includes nearly 3,000 planted acres of almonds, pistachios, and both conventional and organic pomegranates.

Gladstone Land Announces Large Farmland Acquisition in California

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Gladstone Land: A Field Of Dividend Dreams

Gladstone Land Corp (LAND) CEO David Gladstone on Q3 2020 Results - Earnings Call Transcript

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MCLEAN, Va., Sept.  08, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 2,515 gross acres of farmland in Fresno County, California, for approximately $31.8 million. The farm consists of 619 planted acres of mature pistachio trees and 1,896 acres of open farmland, 1,273 acres of which is organic. In connection with the acquisition, Gladstone Land also entered into an 8-year, triple-net leaseback agreement with the seller.

Gladstone Land Acquires Pistachio Orchard & Organic Farmland in California

Gladstone Land recently acquired farmland in Maryland and Delaware, expanding its footprint to those states.

Gladstone Land: Continuing The Growth Story

MCLEAN, Va., Sept.  01, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 939 gross acres of farmland in Maryland’s Eastern Shore and Delaware for approximately $7.4 million.  The farmland will be used primarily to grow vegetables and sod.  In connection with the acquisition, Gladstone Land also entered into a 10-year lease agreement with a large sod and vegetable grower in the region.

Gladstone Land Acquires Farmland in Maryland’s Eastern Shore & Delaware and Provides Update on California Wildfires

Gladstone Land saw its revenue decline sharply QOQ but this is not as bad as it first appears.

Gladstone Land: Holding Up Well Despite Headline Disappointment

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Gladstone Land Corp (LAND) CEO David Gladstone on Q2 2020 Results - Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of -15.00% and -2.79%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Gladstone Land Stock (LAND)