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Gladstone Land Corporation

Gladstone Land Corporation (LAND)

14.93
0.14
( 0.95% )
Updated: 12:36:18

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Key stats and details

Current Price
14.93
Bid
14.93
Ask
14.95
Volume
57,922
14.8315 Day's Range 14.99
12.31 52 Week Range 17.44
Market Cap
Previous Close
14.79
Open
14.89
Last Trade
100
@
14.93
Last Trade Time
12:36:18
Financial Volume
$ 864,187
VWAP
14.9198
Average Volume (3m)
166,147
Shares Outstanding
35,838,442
Dividend Yield
3.74%
PE Ratio
-54.35
Earnings Per Share (EPS)
-0.27
Revenue
90.4M
Net Profit
-9.85M

About Gladstone Land Corporation

Gladstone Land Corp is an externally-managed, agricultural REIT. It is primarily in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to t... Gladstone Land Corp is an externally-managed, agricultural REIT. It is primarily in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. Show more

Sector
Real Estate Investment Trust
Industry
Real Estate Investment Trust
Headquarters
Baltimore, Maryland, USA
Founded
1970
Gladstone Land Corporation is listed in the Real Estate Investment Trust sector of the NASDAQ with ticker LAND. The last closing price for Gladstone Land was $14.79. Over the last year, Gladstone Land shares have traded in a share price range of $ 12.31 to $ 17.44.

Gladstone Land currently has 35,838,442 shares outstanding. The market capitalization of Gladstone Land is $530.05 million. Gladstone Land has a price to earnings ratio (PE ratio) of -54.35.

LAND Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.16-1.0603048376415.0915.3614.6415575614.94385539CS
41.6412.340105342413.2915.3613.217195014.41248012CS
122.0916.27725856712.8415.3612.8116614713.70416358CS
261.027.3328540618313.9115.3612.3118328613.4069639CS
52-2.29-13.298490127817.2217.4412.3117581214.0061792CS
156-8.75-36.951013513523.6842.112.3123512222.07536414CS
2603.2627.934875749811.6742.19.6122413720.08980526CS

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LAND Discussion

View Posts
gfp927z gfp927z 3 years ago
>>> Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2022 and Fourth Quarter Ended December 31, 2021, Earnings Release and Conference Call Dates


Accesswire

January 11, 2022


https://finance.yahoo.com/news/gladstone-land-announces-increase-monthly-210500762.html


MCLEAN, VA / ACCESSWIRE / January 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 January, February and March 2022.

Monthly Cash Distributions:

Common Stock: $0.0453 per share of common stock for each of January, February and March 2022, payable per the table below:

Summary of Common Stock Cash Distributions

Record Date

Payment Date

Amount

January 21

January 31

$ 0.0453

February 18

February 28

0.0453

March 23

March 31

0.0453

Total for the Quarter:

$ 0.1359

The Company has paid 107 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 25 times over the prior 28 quarters. The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneLand.com.

Series B Preferred Stock(Nasdaq LANDO): $0.125 per share of Series B Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series B Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

January 21

January 31

$ 0.125

February 18

February 28

0.125

March 23

March 31

0.125

Total for the Quarter:

$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date.

Series C Preferred Stock(Unlisted): $0.125 per share of Series C Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

January 26

February 4

$ 0.125

February 24

March 4

0.125

March 25

April 4

0.125

Total for the Quarter:

$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.

Series D Preferred Stock (Nasdaq:LANDM): $0.104167 per share of Series D Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

January 21

January 31

$ 0.104167

February 18

February 28

0.104167

March 23

March 31

0.104167

Total for the Quarter:

$ 0.312501

The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.

Earnings Announcement:

The Company also announced today that it plans to report earnings for its fourth quarter ended December 31, 2021, after the stock market closes on Tuesday, February 22, 2022. The Company will hold a conference call on Wednesday, February 23, 2022, at 8:30 a.m. EST to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through March 2, 2022. To hear the replay, please dial (877) 660-6853 and use playback conference number 13725346.

The live audio broadcast of the Company's conference call will also be available online at www.GladstoneLand.com.

About Gladstone Land:

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 164 farms, comprised of approximately 113,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at approximately $1.5 billion, in the aggregate. Additional information can be found at www.GladstoneLand.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

For further information: Gladstone Land Corporation, +1-703-287-5893

SOURCE: Gladstone Land Corporation

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gfp927z gfp927z 3 years ago
>>> Gladstone Land Acquires Additional Farmland in Florida


Acesswire

December 20, 2021


https://finance.yahoo.com/news/gladstone-land-acquires-additional-farmland-133000518.html


MCLEAN, VA / ACCESSWIRE / December 20, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") announced that it has acquired 1,204 gross acres of farmland, including 975 farmable acres, located north of Fort Myers, Florida, for approximately $7.4 million. In connection with the acquisition, Gladstone Land entered into a five-year, triple-net lease agreement with the seller and current tenant. The property is farmed primarily for sod, melons, and cattle.

"We are very pleased to add this versatile property to our portfolio," said Bill Frisbie, Executive Vice President of Gladstone Land. "Demand for farmable acreage in Florida continues to increase, and we are excited to partner with a very strong tenant who will manage the property well."

"The acquisition of this farm adds to our existing properties in the Southeast and is another good, long-term investment for us," said David Gladstone, President and CEO of Gladstone Land. "We have had a strong year in 2021 with acquisitions and look forward to another good year in 2022."

About Gladstone Land Corporation:

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 164 farms, comprised of approximately 113,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at approximately $1.5 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 106 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The company has increased its common distributions 24 times over the prior 27 quarters, and the current per-share distribution on its common stock is $0.0452 per month, or $0.5424 per year. Additional information, including detailed information about each of the company's farms, can be found at www.GladstoneLand.com.

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gfp927z gfp927z 3 years ago
Gladstone Land - >>> 2 Stocks That Cut You a Check Each Month


These two very successful niche operators have been handing out monthly dividends for many years running.


Motley Fool

by Eric Volkman

Dec 17, 2021


In this current era, where change often moves with lightning speed, who wants to wait three months to receive a dividend? Is it because the decades-old standard quarterly dividend is still very much the norm? Why can't it be the exception?

Well for a select group of dividend-paying companies, distributing a chunk of profits in the form of a regular monthly dividend is the norm. Let's take a closer look at two of them -- Realty Income (NYSE:O) and Gladstone Land (NASDAQ:LAND) -- and see if getting paid each month by these dividend stocks is right for you.


Gladstone Land

Elsewhere in the REIT sector, we have Gladstone Land. This company's focus is on farmland and assets related to the same, i.e., properties that are rented under triple-net leases to their tenants. Gladstone owned 160 farms covering more than 108,000 acres across 14 U.S. states as of November. All of its properties are under lease.

Are you saying you've never heard of an agricultural properties REIT? That's not surprising. There are only very few on the market and of that small group, Gladstone is far and away the largest and most significant.

Gladstone tends to favor farms that grow fresh produce and select "permanent" crops like nuts and blueberries. It believes these are more profitable and can thus produce higher rental income. These crops also tend to require lower storage expenses and are less volatile in price than commodity crops such as wheat and corn.

This focus makes for a good business strategy. Thanks to organic growth (no pun intended) and net additions to its property portfolio (33, to be exact), Gladstone posted a robust 40% year-over-year increase in revenue in its Q3 (to just under $19.6 million). AFFO saw an even higher leap, bounding 66% upwards to nearly $5.3 million.

That's entirely in character for Gladstone, which over the past few years has seen dramatic improvements in both revenue and AFFO.

All this means Gladstone has plenty in its financial tank for a dividend that gets distributed 12 times per year. The dividend has been paid without fail since the company listed on the stock market in 2013.

The payout isn't immense in either absolute terms (the latest one was less than $0.05 per share) or yield, which these days is 1.8%. However, the regularity of this reliable monthly dividend, Gladstone's strong position in its very limited niche, and its vast scope for expansion make it a compelling stock worth considering. After all, this is a huge country that still has plenty of agricultural lands available to develop.

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jas1n jas1n 3 years ago
you on crack bro?
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drobx drobx 3 years ago
Hello-o-o-o ... !
I have the idea to look into investing in farmland. Any thoughts on that and/or this stock in particular? I see that it is losing losing 12 cents per share, but paying a dividend of 54 cents per share.

I got here from reading the following, and I'll look into FPI as well:
https://wellkeptwallet.com/invest-in-farmland/
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TheWatcher51 TheWatcher51 4 years ago
Hello... ello... elllo... ? Land
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Yozila Yozila 8 years ago
Market makers trying to sucker in new buyers by pumping the price, don't be fooled. This stock is done at 11X overvaluation. Wait until it collapses from weight of debt & buy at £1-£2
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Yozila Yozila 8 years ago
Share buy backs to prop the falling price is not a good sign! Land Securities could well see administration especially with 11X overvaluation & heavy debt load.
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CAretiree CAretiree 9 years ago
Added to my position following news of the 14.3% increase in monthly dividend to $.04/share. It's a good fit for my Roth IRA.
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CAretiree CAretiree 9 years ago
I believe it was Will Rogers who said, "Buy land. They ain't makin' any more of it."
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