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.

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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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I covered LAND earlier in 2022, but I haven't revisited since, and the share price continues to decline. With inflation coming down, some of the attractiveness of LAND is reduced.

Gladstone Land: Still Worth Watching

MCLEAN, VA / ACCESSWIRE / January 18, 2023 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today that it will have the first closing for the continuous offering of its 5.00% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") on January 19, 2023. The Company filed the prospectus supplement for the offering on November 9, 2022.

Gladstone Land Corporation Announces First Closing for its Series E Preferred Stock Offering

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MCLEAN, VA / ACCESSWIRE / January 10, 2023 / 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 2023. Monthly Cash Distributions: Common Stock: $0.0459 per share of common stock (an increase from the monthly dividend declared and paid the prior quarter) for each of January, February and March 2023, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount January 20 January 31 $ 0.0459 February 17 February 28 0.0459 March 17 March 31 0.0459 Total for the Quarter: $ 0.1377 The Company has paid 119 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 29 times over the prior 32 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2023 and Fourth Quarter Ended December 31, 2022, Earnings Release and Conference Call Dates

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Gladstone Land pays out a nearly 3% yield on its commons but is down by 44%. The underperformance of the inflation-resistant farmland REIT came in a year when the CPI reached new highs.

Gladstone Land: Series B Preferreds Offer An Alternative Mode Of Exposure

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Gladstone (LAND) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Gladstone (LAND) Moves to Buy: Rationale Behind the Upgrade

The consensus price target hints at a 37.3% upside potential for Gladstone (LAND). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 37% Upside in Gladstone (LAND): Here's What You Should Know

MCLEAN, VA / ACCESSWIRE / November 9, 2022 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") today announced that it has filed a new prospectus supplement with the U.S. Securities and Exchange Commission ("SEC") for a continuous public offering of up to 8,000,000 shares (the "Offering") of its newly-designated 5.00% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") at an offering price of $25.00 per share. The Company expects to receive up to $200.0 million in gross proceeds and approximately $175.0 million in net proceeds, after payment of dealer manager fees and selling commissions and estimated expenses of the offering payable by the Company, assuming all shares of the Series E Preferred Stock are sold in the Offering.

Gladstone Land Corporation Files for Public Offering of 5.00% Series E Cumulative Redeemable Preferred Stock

Gladstone Land Corporation (NASDAQ:LAND ) Q3 2022 Results Conference Call November 9, 2022 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer & President Michael LiCalsi - General Counsel & Secretary Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Edward Riley - EF Hutton John Massocca - Ladenburg Thalmann Operator Greetings. Welcome to Gladstone Land Corporation Third Quarter 2022 Earnings Call.

Gladstone Land Corporation (LAND) Q3 2022 Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of 21.76% and 9.07%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Q3 FFO and Revenues Beat Estimates

LAND owns farmland real estate across the United States, but especially concentrated on the West Coast and Florida. In a recent business update, management revealed that Hurricane Ian did the most damage to its farms in Florida.

Gladstone Land Has Become Interesting Again

MCLEAN, VA / ACCESSWIRE / October 12, 2022 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Paula Novara had been elected to the 2025 class of Directors for the Company, effective October 11, 2022. Ms. Novara, age 53, has been Head of Resource Management of the Company since its founding.

Gladstone Land Announces Election of Paula Novara as Director

MCLEAN, VA / ACCESSWIRE / October 11, 2022 / 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 2022. Monthly Cash Distributions: Common Stock: $0.0458 per share of common stock for each of October, November and December 2022, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount October 21 October 31 $ 0.0458 November 18 November 30 0.0458 December 20 December 30 0.0458 Total for the Quarter: $ 0.1374 The Company has paid 116 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 28 times over the prior 31 quarters.

Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2022 and Third Quarter Ended September 30, 2022, Earnings Release and Conference Call Dates

MCLEAN, VA / ACCESSWIRE / October 6, 2022 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that, in light of the recent price volatility of its common stock (largely consistent with the overall market), it is providing the following business update: Inflation Hedge: With inflation continuing to hover near the highest rates seen in over four decades, farmland continues to act as a strong hedge against inflation. According to the U.S. Bureau of Labor Statistics, CPI grew at an annual rate of 8.3% through August 2022.

Gladstone Land Provides Business Update

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MCLEAN, VA / ACCESSWIRE / August 24, 2022 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today announced the amendment of certain terms of the Company's $500 million continuous offering of its 6.00% Series C Cumulative Preferred Stock (the "Series C Preferred Stock") to limit total sales to no more than 10,200,000 shares (or up to $255 million) in the primary offering and to limit the number of shares to be sold under the dividend reinvestment plan to no more than 200,000 shares. As a result of today's amendment, the primary offering was reduced from 20,000,000 shares (approximately $500 million) to 10,200,000 shares (approximately $255 million), and the offering of the Company's Series C Preferred Stock will now terminate on the earlier of December 31, 2022, or the date on which all 10,200,000 shares of Series C Preferred Stock offered in the primary offering are sold.

Gladstone Land Amends Terms of its Series C Preferred Stock Offering

Worrying trends keep me on the sidelines after selling Gladstone Land. LAND commentary on drought is increasingly cautious.

Gladstone Land H1 2022 Review: Worrying Trends Continue

Gladstone Land (LAND) is a REIT that buys farmland and rents it out to corporations and independent farmers, often the very farmers they bought the land from. Farmland REITs have outperformed the REIT average this year, but Gladstone Land has lagged, despite a hot first quarter.

Gladstone Land: Growth Slowing, Debt Load Rising

Gladstone Land Corporation (NASDAQ:LAND ) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer & President Michael LiCalsi - General Counsel & Secretary Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Edward Riley - EF Hutton John Massocca - Ladenburg Thalmann Operator Greetings, and welcome to the Gladstone Land Second Quarter Earnings and Webcast Conference Call. At this time, all participants are in a listen-only mode.

Gladstone Land Corporation (LAND) CEO David Gladstone on Q2 2022 Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of -7.86% and 1.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Lags Q2 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 / August 9, 2022 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") today reported financial results for the second quarter ended June 30, 2022.

Gladstone Land Announces Second Quarter 2022 Results

News for Gladstone Land Stock (LAND)