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Gladstone Land NasdaqGM:LAND Stock Report

Last Price

US$13.07

Market Cap

US$468.4m

7D

-0.5%

1Y

-18.1%

Updated

27 Mar, 2024

Data

Company Financials +

Gladstone Land Corporation

NasdaqGM:LAND Stock Report

Market Cap: US$468.4m

LAND Stock Overview

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.

LAND fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends2/6

Gladstone Land Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gladstone Land
Historical stock prices
Current Share PriceUS$13.07
52 Week HighUS$17.48
52 Week LowUS$12.73
Beta1.0
1 Month Change1.16%
3 Month Change-11.27%
1 Year Change-18.11%
3 Year Change-28.58%
5 Year Change4.48%
Change since IPO-12.87%

Recent News & Updates

Gladstone Land: Recent Real Estate Transaction Validates Portfolio Value

Feb 06

Recent updates

Gladstone Land: Recent Real Estate Transaction Validates Portfolio Value

Feb 06

Gladstone Land goes ex-dividend tomorrow

Oct 19

Gladstone Land Has Become Interesting Again

Oct 13

Gladstone Land reduces series C preferred stock offering to $255M

Aug 24

Gladstone Land: Growth Slowing, Debt Load Rising

Aug 12

Gladstone Land acquires vineyards in Washington, Oregon for $37.3M

Jul 25

Gladstone Land raises dividend 0.4% to $0.0456 dividend

Jul 18

Gladstone Land: Current Valuation Is A Downside Risk

Jun 02

Gladstone Land: High Premium To NAV Limits Upside And Introduces Downside Risk

Jan 31

Gladstone Land: Not Your Typical REIT

Jan 08

Gladstone Land acquires Blueberry Orchard in New Jersey

Jun 07

What Type Of Shareholders Make Up Gladstone Land Corporation's (NASDAQ:LAND) Share Registry?

Mar 17
What Type Of Shareholders Make Up Gladstone Land Corporation's (NASDAQ:LAND) Share Registry?

Shareholder Returns

LANDUS Specialized REITsUS Market
7D-0.5%1.5%0.4%
1Y-18.1%4.0%28.8%

Return vs Industry: LAND underperformed the US Specialized REITs industry which returned 3.4% over the past year.

Return vs Market: LAND underperformed the US Market which returned 29.5% over the past year.

Price Volatility

Is LAND's price volatile compared to industry and market?
LAND volatility
LAND Average Weekly Movement3.5%
Specialized REITs Industry Average Movement3.3%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: LAND has not had significant price volatility in the past 3 months.

Volatility Over Time: LAND's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aDavid Gladstonehttps://www.gladstonefarms.com

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.

Gladstone Land Corporation Fundamentals Summary

How do Gladstone Land's earnings and revenue compare to its market cap?
LAND fundamental statistics
Market capUS$468.41m
Earnings (TTM)-US$9.85m
Revenue (TTM)US$90.34m

5.2x

P/S Ratio

-47.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LAND income statement (TTM)
RevenueUS$90.34m
Cost of RevenueUS$12.80m
Gross ProfitUS$77.54m
Other ExpensesUS$87.39m
Earnings-US$9.85m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.27
Gross Margin85.83%
Net Profit Margin-10.91%
Debt/Equity Ratio88.1%

How did LAND perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

203%

Payout Ratio
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