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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Gladstone Land: A Record 5% Dividend Yield From U.S. Farmland

National Health Investors

SITE Centers Corp

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio In Q4

Gladstone Land's shift to crop-sharing leases will reduce base rent income in the short term and may boost future profitability. Preferred shares offer better value and safety compared to common shares, with dividends well covered despite high payout ratios. The REIT's balance sheet is improving, but farmland value declines have impacted NAV, making preferred shares more attractive.

Gladstone Land: I'm Sticking With The Preferred Shares

EPR Properties

STAG Industrial

Passive income can help get you on the road to financial freedom. As you grow your passive income sources, you'll become less reliant on your job to support your lifestyle.

Got $5,000? These High-Yield Dividend Stocks Can Turn It Into a Monthly Passive Income Stream Worth Nearly $275 Each Year.

Apple

American Tower

Alexandria Real Estate Equities

Artesian Resources

Broadcom

Brookfield Renewable Partners

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

Bitwise Crypto Innovators ETF

Coinbase

EastGroup Properties

Goldman Sachs

Hannon Armstrong Sustainable Infrastructure Capital

iShares U.S. Broker-Dealers & Securities Exchanges ETF

SPDR S&P Insurance ETF

SPDR S&P Regional Banking ETF

Global X MLP & Energy Infrastructure ETF

Morgan Stanley

Microsoft

ONEOK

Rexford Industrial Realty

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.

7 Stocks I'm Buying In Defiance Of Post-Election Euphoria

MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024.

Gladstone Land Announces Retirement of Chief Operating Officer Terry Lee Brubaker

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.

Gladstone Land Corporation (LAND) Q3 2024 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.16 per share a year ago.

Gladstone Land (LAND) Q3 FFO Match 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 / November 6, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the third quarter ended September 30, 2024.

Gladstone Land Announces Third Quarter 2024 Results

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.

UPDATE: Gladstone Land Corporation Earnings Call and Webcast Information

Gladstone Capital

Gladstone Commercial

MCLEAN, VA / ACCESSWIRE / November 1, 2024 / Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Stephanie Conkright as a Director of National Accounts, primarily covering the Independent Broker Dealer channel. Stephanie will join Sean Boyd (Director of National Accounts) as he transitions to primarily developing and covering the RIA channel.

Gladstone Securities Expands National Accounts Department

Synchrony Financial

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.

2 Preferred Stocks At Bargain Prices, +7% Yield

MCLEAN, VA / ACCESSWIRE / October 28, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced limited damage to its farms and facilities in the Southeastern U.S. as a result of Hurricanes Helene and Milton. While the Company is still assessing the overall impact of the hurricanes, early reports indicate wind damage to a portion of blueberry plantings on a small farm in southern Georgia and water damage to one cooling facility in central Florida, which is covered by insurance.

Gladstone Land Reports Limited Damage to Southeast Farms from Recent Hurricanes

Equity LifeStyle Properties

Equinix

Farmland Partners

Plymouth Industrial REIT

UMH Properties

Weyerhaeuser

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.

These REITs Trade At Premiums, But Should They?

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.

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 7, 2024 / Gladstone Securities LLC ("Company"), an affiliated broker-dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (Nasdaq: GLAD), Gladstone Land Corporation (Nasdaq: LAND) and Gladstone Commercial Corporation (Nasdaq: GOOD), has hired Bryan Bluth as its External Wholesaler for the Western United States and Tim McCabe as its External Wholesaler for the Eastern United States, both reporting to John Sabey, the Company's Director of National Sales. Mr. Bluth, based in Arizona, joins the Company as the Western Region External Wholesaler.

Gladstone Securities Hires East and West Region Wholesalers

Realty Income Corp

These REITs offer attractive monthly dividends.

Looking for Steady Passive Income? These 3 High-Yielding Dividend Stocks Offer Monthly Payments.

American Homes 4 Rent

Digital Realty Trust

Essex Property Trust

Modiv

Public Storage

Sun Communities

REIT bankruptcies are incredibly rare. The nature of their business is very resilient. I present 5 reasons that make most REITs quasi indestructible.

The Impressive Durability Of REIT Investments

MCLEAN, VA / ACCESSWIRE / September 23, 2024 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Executive Vice President (West Coast Operations), Bill Reiman, continues to lead the Company's strategic review and assessment of its permanent cropland portfolio. Mr. Reiman has been a member of the Company's acquisition and portfolio management team since 2013 and is a fifth-generation farmer, most recently serving as Chairman of the California Strawberry Commission and the Ventura County Agricultural Association.

Gladstone Land Provides Update on Its Permanent Crop Portfolio

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.

Gladstone Land Shares Have A Big Hurdle Rate, With Preferreds Yielding 7.1%

MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party.

Gladstone Land Announces Election of Katharine Cornell Gorka as Director

Gladstone Land Corporation (NASDAQ:LAND ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants David Gladstone - President, Chief Executive Officer and Chairman 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 John Massocca - B. Riley Securities Operator Welcome to the Gladstone Land Corporation Second Quarter Earnings Call.

Gladstone Land Corporation (LAND) Q2 2024 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.11 per share a year ago.

Gladstone Land (LAND) Q2 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 / August 8, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the second quarter ended June 30, 2024.

Gladstone Land Announces Second Quarter 2024 Results

MCLEAN, VA / ACCESSWIRE / August 7, 2024 / Gladstone Land Corporation (Nasdaq:LAND) announces the following event: What: Gladstone Land Corporation's Second Quarter Ended June 30, 2024, Earnings Call & Webcast When: Friday, August 9, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5E4WrIfa 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 August 16, 2024.

Gladstone Land Corporation Earnings Call and Webcast Information

News for Gladstone Land Stock (LAND)