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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This is clear mispricing. 2 essentially identical securities trading at disparate prices. Temporary factors are depressing the price of LANDP. It should bounce to parity with its peer security as these factors subside.

LAND: Farmland With An Accidental High Yield

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Tightening financial conditions have led to a significant decrease in preferred stock and ETD offering activity, with only one new preferred stock offered in May. Allstate issued non-cumulative perpetual preferred shares with a fixed 7.375% dividend rate, while Gladstone Investment Corporation offered $65 million worth of 8% senior notes due 2028. CDx3 preferred stocks ranked 10 out of 10 are selling at an average discount to par of about 7.4% and offer an average current yield of 6.37%.

One Single New Preferred Stock IPO This Month

I recently wrote some puts on LAND that were at-the-money, following a drop after they posted earnings. The earnings were okay, nothing spectacular but nothing terrible either. What is attractive is that I believe LAND is trading at a reasonable valuation and below its NAV.

Gladstone Land: Discounted Farmland REIT

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Despite cooling inflation, investing in farmland remains an excellent way to hedge against higher prices. That's because it's a real asset that does well in periods of inflation and over more extended periods because of ongoing food scarcity issues.

3 Ways to Play the Ongoing Demand for Farmland

MCLEAN, VA / ACCESSWIRE / May 30, 2023 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today announced that it has applied to list its 6.00% Series C Preferred Stock (the "Series C Preferred") on the Nasdaq Global Market under the ticker "LANDP." Pending Nasdaq approval, the Company expects the listing of its Series C Preferred to be effective on or about June 8, 2023, following the filing of Gladstone Land's Form 8-A12B and Nasdaq's listing certification with the U.S. Securities and Exchange Commission (the "SEC").

Gladstone Land Corporation Announces Nasdaq Listing of Series C Preferred Stock

Gladstone Land is an externally managed REIT focusing on farmland. While I'm not too interested in the common shares, I think the preferred shares offer good value for money.

Gladstone Land: LANDM Offers A 7.9% Yield To Call

Gladstone Land is a farmland-focused REIT. After a large decline, LAND is now trading at less than NAV.

Gladstone Land: Farmland REIT At A Discount

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Farmland REIT Gladstone Land pays an attractive and growing monthly dividend. Sun Communities owns a growing portfolio of manufactured home communities, RV parks, and marinas.

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There are very few farm stocks out there and most of them have low yields. LANDO is a preferred stock focusing on farm income with a yield approaching 7%.

Gladstone Land: This Farm Preferred Stock Offers Almost 7% Yield

Gladstone Land Corporation (NASDAQ:LAND ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants David 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 - EF Hutton Craig Kucera - B. Riley Securities John Massocca - Ladenburg Thalmann Operator Greetings, welcome to the Gladstone Land Corporation First Quarter 2023 Earnings Call.

Gladstone Land Corporation (LAND) Q1 2023 Earnings Call Transcript

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.17 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.19 per share a year ago.

Gladstone Land (LAND) Q1 FFO and Revenues 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 / May 8, 2023 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") today reported financial results for the first quarter ended March 31, 2023.

Gladstone Land Announces First Quarter 2023 Results

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MCLEAN, VA / ACCESSWIRE / April 11, 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 April, May and June 2023. Monthly Cash Distributions: Common Stock: $0.046 per share of common stock for each of April, May and June 2023, payable per the table below: Summary of Common Stock Cash Distributions Record Date Payment Date Amount April 21 April 28 $ 0.046 May 23 May 31 0.046 June 21 June 30 0.046 Total for the Quarter: $ 0.138 The Company has paid 122 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 30 times over the prior 33 quarters (including this quarter).

Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2023 and First Quarter Ended March 31, 2023, Earnings Release and Conference Call Dates

LAND operates in an industry with a persistent and strong tailwind. Growing food crops provide a buffer against rising inflation or even a prolonged situation of high inflation in this business.

Gladstone Land: A Reliable Monthly Dividend Income Stream

Gladstone Land is a farmland REIT. I like this segment of the real estate sector. The preferred shares are an important part of the capital structure as it provides attractive returns to investors while it is a cheap source of capital for the REIT.

Gladstone Land: The Preferred Shares Offer An Excellent Risk/Reward Ratio

MCLEAN, VA / ACCESSWIRE / March 22, 2023 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") provided the following business update in light of the recent and ongoing flooding occurring in California. California continues to experience one of its wettest winters in recorded history, which has resulted in flood conditions throughout much of the state.

Gladstone Land Provides Update On California Flooding

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Most of Brookfield Infrastructure's assets benefit from rates indexed to inflation. Gladstone Land can capitalize on property and food inflation.

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Gladstone Land Corporation posted respectable fourth quarter results, which is mostly what we have come to expect from the company. The company is likely to slow down on growth compared to what it has done in the past due to rising interest rates.

Gladstone Land: Farmland And Food A Great Thesis For A Reasonably-Valued REIT

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Inflation Remains A Problem

Gladstone Land Corporation (NASDAQ:LAND ) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants David Gladstone - President and CEO Michael LiCalsi - President, Gladstone Administration, General Counsel and Secretary Lewis Parrish - Chief Financial Officer Conference Call Participants Gaurav Mehta - EF Hutton Rob Stevenson - Janney Montgomery Scott John Massocca - Ladenburg Thalmann Craig Kucera - B Riley Securities Operator Greetings. And welcome to the Gladstone Land Corporation Fiscal Year End Earnings Call.

Gladstone Land Corporation (LAND) Q4 2022 Earnings Call Transcript

Gladstone (LAND) delivered FFO and revenue surprises of -11.36% and 1.27%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Land (LAND) Misses Q4 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 / February 21, 2023 / Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2022.

Gladstone Land Announces Fourth Quarter and Year Ended 2022 Results

News for Gladstone Land Stock (LAND)