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

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Earnings data Q4 2021

Earnings data Q1 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 Corporation (LAND) CEO David Gladstone on Q4 2019 Results - Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of 11.33% and 12.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Beats Q4 FFO and Revenue Estimates

MCLEAN, Va., Jan.  16, 2020  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 1,324 gross acres of farmland in Holyoke, Colorado, for $7.5 million. The farm consists of 1,064 irrigated acres and will grow a rotation of potatoes, corn for use in the tenant’s feedlots, and sugar beets, which is a new crop type in the Gladstone Land portfolio. In connection with the acquisition, Gladstone Land also entered into a six-year, triple-net leaseback agreement with the seller.

Gladstone Land Completes Acquisition of Irrigated Farmland in Colorado

MCLEAN, Va., Jan.  14, 2020  (GLOBE NEWSWIRE) -- MCLEAN, Va., January 14, 2020 –  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 2020.

Gladstone Land Announces Increase in Monthly Cash Distributions for January, February, and March 2020

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MCLEAN, Va., Nov.  25, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the "Company") today announced that it has sold over $100,000,000 (4,224,377 shares) of its continuous registered public offering of 6,000,000 shares of its 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") since filing a prospectus supplement on May 31, 2018. The Company’s first sale of Series B Preferred Stock occurred on June 25, 2018.

Gladstone Land Corporation Exceeds $100 Million Raised for Series B Preferred Stock Offering

Gladstone Land's (LAND) CEO David Gladstone on Q3 2019 Results - Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of 41.00% and 19.40%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Surpasses Q3 FFO and Revenue Estimates

MCLEAN, Va., Nov.  04, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 1,100 gross acres of farmland in Coalinga, California, for $37 million. The farm consists of 1,040 planted acres of mature pistachio trees. This was the second and final phase of the purchase of this orchard that includes an eight-year, triple-net lease agreement with RTS Agri Business and Canoas Creek Pistachios. The first phase closed in August for $33 million. 

Gladstone Land Completes Acquisition of Large Pistachio Orchard in California

MCLEAN, Va., Oct.  21, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has renewed leases on two of its larger properties that had leases originally scheduled to expire in 2020.  In total, the revenues from these properties accounted for approximately 47% of the Company’s remaining 2020 lease expirations.  As a result of these two lease renewals, the Company expects to recognize an aggregate of approximately $496,000 of additional net income per year, or approximately 14.7% more than that of the prior leases on these two properties.  The Company continues to negotiate its remaining 2020 lease expirations.

Gladstone Land Reports Progress on Renewing Leases on its Farms

MCLEAN, Va., Oct.  14, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Fund”) reflects on recent reports of China’s plan to buy more grains and clarifies certain aspects of its external fee structure.

Gladstone Land Reports on China’s Plan to Buy More U.S. Grains and Offers Additional Information on its External Structure

MCLEAN, Va., Oct.  07, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 3,850 acres of farmland located in Hayes and Hitchcock Counties, Nebraska, for approximately $14.7 million.  The farms currently grow corn, soybeans, and edible beans, and both farms will be converted into organic farmland by 2021.  In connection with the acquisitions, Gladstone Land entered into 10-year, triple-net lease agreements on each farm.

Gladstone Land Acquires Nebraska Farms to Convert to Organic Production

MCLEAN, Va., Sept.  13, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ: LAND) (the "Company") today announced that it has sold over 55% (3,309,633 shares) of its continuous registered public offering of 6,000,000 shares of its 6.00% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") since filing a prospectus supplement on May 31, 2018. The Company’s first sale of Series B Preferred Stock occurred on June 25, 2018.

Gladstone Land Corporation Passes 50% Mark for Series B Preferred Stock Offering

MCLEAN, Va., Sept.  04, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has acquired a 366-acre vineyard in Napa, California, for $32 million.  In connection with the acquisition, Gladstone Land entered into a leaseback agreement with the seller for a 10-year, triple-net lease.

Gladstone Land Acquires  Vineyard in Napa, California

MCLEAN, Va., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 413 gross acres of farmland within the Oxnard Plain of California.  At closing, the Company entered into lease agreements with two different, unrelated third-party tenants to operate the property.  The seller will lease back most of the farm to continue their sod business, while the remainder of the farm will be leased to a local berry grower to grow a variety of berry crops.

Gladstone Land Acquires a Large Coastal Farm in Oxnard, California

MCLEAN, Va., Aug.  19, 2019  (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 1,000 gross acres of farmland in Coalinga, California, for $33 million. The farm consists of 911 planted acres of mature pistachio trees. In connection with the acquisition, the Company also entered into an eight-year, triple-net lease with RTS Agri Business and Canoas Creek Pistachios. This is the first closing of a two-part acquisition; the second closing is scheduled to occur during the fourth quarter of 2019 and is slightly larger than this one.

Gladstone Land Acquires a Large Pistachio Orchard in California

Gladstone Land Corporation (LAND) CEO David Gladstone on Q2 2019 Results - Earnings Call Transcript

I was taught long ago that they aren't making any more land.

Gladstone: They Aren't Making Any More Land, Buy What You Can

Gladstone Land Corporation (LAND) CEO David Gladstone on Q1 2019 Results - Earnings Call Transcript

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