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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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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MCLEAN, VA / ACCESSWIRE / July 25, 2024 / Updating the Series E Preferred Stock Record Dates and Payment Dates. Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today corrected record and payment dates for the cash distributions for its Series E Preferred Stock for each of July, August and September 2024.

Gladstone Land Announces Updated Monthly Cash Distribution Dates for July, August and September 2024 For its Series E Preferred Stock

Gladstone Land REIT offers growth potential within the context of a broader market environment, which is arguably overvalued. REIT owns over 115,000 acres, mainly in California, with sustainable revenue and manageable debt. Farmland values may beat inflation in a stagflationary economic environment, with the potential for continued appreciation due to supply/demand factors.

Gladstone Land REIT Is Stagflation-Resilient

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.

Gladstone Land Offers A 6.65-7% Yield (To Maturity) On Its Preferred Equity

MCLEAN, VA / ACCESSWIRE / July 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 July, August and September 2024. Monthly Cash Distributions: Common Stock: $0.0467 per share of common stock for each of July, August and September 2024, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount July 22 July 31 $ 0.0467 August 21 August 30 0.0467 September 20 September 30 0.0467 Total for the Quarter: $ 0.1401 The Company has paid 137 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 38 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for July, August and September 2024 and Earnings Release and Conference Call Dates for the Second Quarter Ended June 30, 2024

Gladstone Land has a dividend yield of 4.3%, paid out to shareholders on a monthly basis. LAND stock owns and leases farmlands across the US. The REIT's solid portfolio mix and fundamentals have been impacted by macro challenges such as higher interest rates and rising costs for tenants.

Gladstone Land: Solid Fundamentals Masked By Macro Challenges

MCLEAN, VA / ACCESSWIRE / May 17, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that its board of directors has authorized a share repurchase program for up to $20,000,000 of the Company's 6.00% Series B Cumulative Redeemable Preferred Stock (Nasdaq:LANDO) and up to $35,000,000 of the Company's 6.00% Series C Cumulative Redeemable Preferred Stock (Nasdaq: LANDP) (together, the "Preferred Stock Repurchase Program"). The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during applicable trading window periods or pursuant to any applicable Rule 10b5-1 trading plans.

Gladstone Land Announces Preferred Stock Repurchase Authorization

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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.

Gladstone Land Corporation (LAND) Q1 2024 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.17 per share a year ago.

Gladstone Land (LAND) Lags Q1 FFO and Revenue Estimates

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESSWIRE / May 7, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the first quarter ended March 31, 2024.

Gladstone Land Announces First Quarter 2024 Results

MCLEAN, VA / ACCESSWIRE / May 7, 2024 / Gladstone Land Corporation (NASDAQ:LAND) announces the following event: What: Gladstone Land Corporation's First Quarter Ended March 31, 2024, Earnings Call & Webcast When: Wednesday, May 8, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=JGZhP6qO 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 May 15, 2024.

Gladstone Land Corporation Updated Earnings Call and Webcast Information

The mean of analysts' price targets for Gladstone (LAND) points to a 32.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 32.47% Upside in Gladstone (LAND): Here's What You Should Know

MCLEAN, VA / ACCESSWIRE / April 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 April, May and June 2024. Monthly Cash Distributions: Common Stock: $0.0466 per share of common stock for each of April, May and June 2024, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount April 19 April 30 $ 0.0466 May 17 May 31 0.0466 June 19 June 28 0.0466 Total for the Quarter: $ 0.1398 The Company has paid 134 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 34 times over the prior 37 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024

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If you are looking for a list of the most undervalued REITs to buy in April, then you have come to the right place. This article explores several real estate investment trusts (REITs) that appear attractively priced given the current economic environment of falling interest rates.

The 7 Most Undervalued REITs to Buy in April 2024

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.

Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds

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Two years of persistent rate-driven pressure on commercial and residential real estate markets appeared to be easing in early 2024, but firming inflation has again muddied the outlook. Expectations of "Higher for Longer" have merely shifted to "High for Long." Many private equity funds and some highly-levered REITs were ill-prepared for a period of sustained 4-5%+ benchmark rates. Private markets are finally feeling the pain that beset public REIT investors since 2021. Commercial property values have now declined over 20% nationally, and nearly 40% in some troubled segments.

State Of REIT Nation: Not Out Of The Woods, Yet

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Certain monthly-paying REITs provide a reliable source of income with consistent dividend payments. Realty Income, Agree Realty, LTC Properties, and Gladstone Land are recommended as reliable monthly-paying REITs. These REITs have a track record of positive earnings growth and consistent dividend payments.

Counting On Monthly Mailbox Money To Sleep Well At Night

The mean of analysts' price targets for Gladstone (LAND) points to a 36.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Gladstone (LAND)? Wall Street Analysts Think 36.67%

In the pursuit of financial freedom, passive income stands as a beacon of hope. The ability to generate income without active involvement opens doors to independence, allowing individuals to steer away from the traditional grind of a 9-to-5 job and pursue endeavors that truly fulfill them.

Agricultural advancements: The farmland REIT sowing seeds for solid returns

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Realty Income has increased its monthly dividend 123 times since coming public. EPR Properties recently increased its high-yielding monthly payout by 3.6%.

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Dairy farmers work hard to maintain predictable schedules for their cows, ensuring they have consistent feeding and milking times. Farming REITs, such as Gladstone Land and Farmland Partners, provide financial support to farmers and offer reliable dividend payments. Federal Agricultural Mortgage Corporation offers potential growth opportunities in the agricultural mortgage market, particularly in renewable power generation and rural infrastructure.

Calling All The Cows Down To The 'REIT' Farm

Gladstone Land Corporation (LAND) Q4 2023 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to FFO of $0.20 per share a year ago.

Gladstone Land (LAND) Q4 FFO Miss Estimates

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESSWIRE / February 20, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2023.

Gladstone Land Announces Fourth Quarter and Year Ended 2023 Results

Gladstone Land Corporation 6.00% Cumulative Redeemable Preferred offers a higher yield and tax advantages compared to Gladstone Land Corporation 6.00% Cumulative Redeemable Preferred.

Gladstone Land Series C Preferred: Sustaining Pari Passu Arbitrage With A 25% Upside To Call

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