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Gladstone Land Corporation

LAND US

LAND USGladstone Land Corporation

United States Composite

13.00

USD

+0.24

(+1.87%)

-0.27EPS Dil.

-47.37P/E

465.86MMarket Cap

9.71%Div. Yield

Next Earnings

May 6

Ex-Dividend Date

March 20

Dividend Date

March 29

Held by Insiders

7.12%

Held by Institutions

48.65%

Short % of Float

1.54%

YTD Yield

-16.64%

3Y Yield

-39.16%

5Y Yield

2.74%

Capital Structure

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

ST Debt

LT Borrowings

594

584

574

LT Finance Leases

- -

Preferred Equity and Hybrid Capital

Shares Outstanding

Market Capitalization

582

510

518

Working Capital

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

Total Current Assets

Cash, Cash Equivalents & STI

Accounts Receivable, Net

- -

Inventories

- -

Total Current Liabilities

Payables & Accruals

ST Debt

Deferred Revenue

- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years

5 years

1 year

Sales/Revenue/Turnover

38.44%

20.24%

1.12%

Net Income, GAAP

0.00%

68.67%

200.00%

Free Cash Flow

-170.63%

8.74%

12.50%

Total Cash Common Dividend

20.85%

22.04%

23.53%

Total Equity

32.05%

33.55%

-1.50%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

2021

2022

2023

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

2021

-0.08

-0.12

-0.05

-0.04

-0.29

2022

-0.08

-0.11

-0.10

-0.14

-0.43

2023

-0.12

0.05

-0.08

-0.12

-0.27

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

2021

0.24

0.26

0.23

0.96

2022

0.24

0.26

0.28

0.29

1.07

2023

0.30

0.31

0.34

0.31

1.26

Company Description

CEO: Mr. David John Gladstone
Sector: Real Estate
Industry: REIT - Specialty
Address: 1521 Westbranch Drive McLean VA United States 22102-3211
Website: www.gladstonefarms.com
Business: 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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 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 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. 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 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.

Company News

Yahoo
16 days ago
Peapack-Gladstone (PGC) Expected to Beat Earnings Estimates: Should You Buy?
Zacks
22 days ago
Wall Street Analysts Predict a 32.47% Upside in Gladstone (LAND): Here's What You Should Know
Yahoo
23 days ago
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
Zacks
a month ago
How Much Upside is Left in Gladstone (LAND)? Wall Street Analysts Think 36.67%
Yahoo
a month ago
Invest Like Bill Gates With This Top Farmland REIT

Company Description

CEO: Mr. David John Gladstone
Sector: Real Estate
Industry: REIT - Specialty
Address: 1521 Westbranch Drive McLean VA United States 22102-3211
Website: www.gladstonefarms.com
Business: 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 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 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 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. 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 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.