Announcement • Jul 15
Gladstone Land Corporation to Report Q2, 2026 Results on Aug 11, 2026 Gladstone Land Corporation announced that they will report Q2, 2026 results After-Market on Aug 11, 2026 Upcoming Dividend • Jun 16
Upcoming dividend of US$0.047 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 30 June 2026. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.8%). Announcement • Jun 03
Gladstone Land Corporation Announces Appointment of George Chip Stelljes, Iii as Director, Effective June 1, 2026 Gladstone Land Corporation announced that George Chip Stelljes, III had been elected to the 2028 class of directors for the Company, effective June 1, 2026. Mr. Stelljes had also been appointed to serve on the Company's Compensation Committee, Ethics, Nominating & Corporate Governance Committee, and Valuation Committee. In connection with Mr. Stelljes' appointment, the size of the Company's board of directors had been expanded from seven to eight directors. Mr. Stelljes was selected to serve as a director due to his more than twenty-five years of experience in the investment analysis, management, and advisory industries. Mr. Stelljes was currently the managing partner of St. John's Capital, LLC, a vehicle used to make private equity investments. From 2001 to 2013, Mr. Stelljes held various senior positions with the Gladstone Companies, including serving as the chief investment officer, president and a director of Gladstone Capital Corporation, Gladstone Investment Corporation, Gladstone Commercial Corporation, and Gladstone Management Corporation. Prior to his service at the Gladstone companies, for 23 years, Mr. Stelljes served in a variety of roles at multiple private equity and venture capital funds, including Patriot Capital, Camden Partners, and Columbia Capital as well as Allied Capital. Mr. Stelljes was currently the chairman of the board of directors of Equalize Community Development Fund, a closed-end investment company that operates as an interval fund and an independent director of Oxford Square Capital Corporation, a publicly-traded, closed-end management investment company. He was also a former board member and regional president of the National Association of Small Business Investment Companies. Mr. Stelljes held an MBA from the University of Virginia and a BA in Economics from Vanderbilt University. Declared Dividend • May 31
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 23rd June 2026 Payment date: 30th June 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.8%. Reported Earnings • May 12
First quarter 2026 earnings released: US$0.26 loss per share (vs US$0.25 profit in 1Q 2025) First quarter 2026 results: US$0.26 loss per share (down from US$0.25 profit in 1Q 2025). Revenue: US$16.6m (flat on 1Q 2025). Net loss: US$10.6m (down 216% from profit in 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 18% per year. Declared Dividend • May 02
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 20th May 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.8%. Announcement • Apr 26
Gladstone Land Corporation has filed a Follow-on Equity Offering in the amount of $500 million. Gladstone Land Corporation has filed a Follow-on Equity Offering in the amount of $500 million.
Security Name: Common Stock
Security Type: Common Stock
Security Features: Income Trust
Transaction Features: At the Market Offering Announcement • Apr 15
Gladstone Land Corporation to Report Q1, 2026 Results on May 11, 2026 Gladstone Land Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 11, 2026 Announcement • Mar 30
Gladstone Land Corporation, Annual General Meeting, May 14, 2026 Gladstone Land Corporation, Annual General Meeting, May 14, 2026. New Risk • Mar 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 314% Cash payout ratio: 332% Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$17m net loss in 2 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Mar 23
Gladstone Land Corporation, Gladstone Capital Corporation, Gladstone Commercial Corporation, Gladstone Investment Corporation, and Gladstone Management Corporation Appoint John Sateri as Chief Investment Officer, Effective March 20, 2026 On March 20, 2026, the Board appointed John Sateri as the Chief Investment Officer (“CIO”) of Gladstone Land Corporation (the “Company”), effective immediately, and contemporaneously with his appointment as the Company’s CIO, Mr. Sateri was also appointed as the CIO of Gladstone Capital Corporation, Gladstone Commercial Corporation, Gladstone Investment Corporation, and Gladstone Management Corporation (the “Adviser”). Mr. Sateri, age 58, has been with the Gladstone Companies since April 2007. Since September 2021, Mr. Sateri has served as Executive Vice President of Investments of the Adviser, serving as a member of the Investment Committee supporting all Gladstone managed credit, equity, and real estate funds (including the Company, Gladstone Commercial Corporation, Gladstone Investment Corporation, and Gladstone Capital Corporation) as well as originating debt and equity investments in privately held companies. Mr. Sateri has also served as the President of the Gladstone Alternative Income Fund (“GALT”) since its inception in June 2024. Mr. Sateri is active on numerous private company boards and holds a bachelor’s degree in Business Administration from The University of Hawaii at Manoa and a master’s degree in Real Estate Development from the University of Maryland at College Park. Upcoming Dividend • Mar 16
Upcoming dividend of US$0.047 per share Eligible shareholders must have bought the stock before 23 March 2026. Payment date: 31 March 2026. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.0%). Declared Dividend • Mar 01
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 23rd March 2026 Payment date: 31st March 2026 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%. Reported Earnings • Feb 25
Full year 2025 earnings released: US$0.29 loss per share (vs US$0.29 loss in FY 2024) Full year 2025 results: US$0.29 loss per share. Revenue: US$88.3m (up 3.7% from FY 2024). Net loss: US$10.5m (flat on FY 2024). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Global Specialized REITs industry are expected to grow by 5.7%. Declared Dividend • Feb 01
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 18th February 2026 Payment date: 27th February 2026 Dividend yield will be 5.3%, which is higher than the industry average of 3.8%. Declared Dividend • Jan 19
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 23rd January 2026 Payment date: 30th January 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.8%. Announcement • Jan 14
Gladstone Land Corporation to Report Q4, 2025 Results on Feb 24, 2026 Gladstone Land Corporation announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Upcoming Dividend • Dec 15
Upcoming dividend of US$0.047 per share Eligible shareholders must have bought the stock before 22 December 2025. Payment date: 31 December 2025. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (4.3%). Declared Dividend • Nov 28
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 22nd December 2025 Payment date: 31st December 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.8%. Board Change • Nov 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Katharine Gorka was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 15
Gladstone Land Corporation to Report Q3, 2025 Results on Nov 05, 2025 Gladstone Land Corporation announced that they will report Q3, 2025 results on Nov 05, 2025 Declared Dividend • Sep 05
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 22nd September 2025 Payment date: 30th September 2025 Dividend yield will be 6.7%, which is higher than the industry average of 3.8%. New Risk • Aug 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 212% Cash payout ratio: 109% Dividend yield: 6.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 212% Cash payout ratio: 109% Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$17m net loss in 2 years). Reported Earnings • Aug 08
Second quarter 2025 earnings released: US$0.38 loss per share (vs US$0.19 loss in 2Q 2024) Second quarter 2025 results: US$0.38 loss per share (further deteriorated from US$0.19 loss in 2Q 2024). Revenue: US$12.3m (down 42% from 2Q 2024). Net loss: US$13.9m (loss widened 109% from 2Q 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Global Specialized REITs industry. Declared Dividend • Aug 01
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 20th August 2025 Payment date: 29th August 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.8%. Announcement • Jul 11
Gladstone Land Corporation to Report Q2, 2025 Results on Aug 07, 2025 Gladstone Land Corporation announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Declared Dividend • Jun 05
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 20th June 2025 Payment date: 30th June 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Declared Dividend • Apr 13
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 21st April 2025 Payment date: 30th April 2025 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Announcement • Apr 09
Gladstone Land Corporation to Report Q1, 2025 Results on May 12, 2025 Gladstone Land Corporation announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Mar 24
Gladstone Land Corporation, Annual General Meeting, May 08, 2025 Gladstone Land Corporation, Annual General Meeting, May 08, 2025. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Walter Wilkinson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 20
Full year 2024 earnings released: US$0.29 loss per share (vs US$0.28 loss in FY 2023) Full year 2024 results: US$0.29 loss per share (further deteriorated from US$0.28 loss in FY 2023). Revenue: US$85.2m (down 5.7% from FY 2023). Net loss: US$10.5m (loss widened 6.1% from FY 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Board Change • Feb 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Walter Wilkinson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jan 20
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 24th January 2025 Payment date: 31st January 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.8%. Announcement • Jan 15
Gladstone Land Corporation to Report Q4, 2024 Results on Feb 19, 2025 Gladstone Land Corporation announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Walter Wilkinson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Walter Wilkinson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Dec 10
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 20th December 2024 Payment date: 31st December 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%. Announcement • Dec 06
Gladstone Land Corporation Announces Resignation of Paul W. Adelgren from Board, Effective December 15, 2024 Gladstone Land Corporation announced that Paul W. Adelgren notified the company that he is resigning from the Company’s board of directors, effective December 15, 2024. Announcement • Nov 16
Gladstone Land Corporation Announces Executive Changes Gladstone Land Corporation announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Following Mr. Brubaker’s departure, Michael LiCalsi, the Company’s General Counsel and Secretary, who also serves as Gladstone Administration’s President, General Counsel and Secretary, will assume certain additional operational responsibilities while Gladstone Management will conduct a national search for a Chief Investment Officer to fill Mr. Brubaker’s investment committee responsibilities. Announcement • Nov 07
Gladstone Land Corporation Announces Monthly Cash Distribution for October, November and December 2024 Gladstone Land Corporation announced that the monthly cash distributions of $0.0467 per share of common stock for each of October, November, and December 2024. The company has increased its common distributions 35 times over the prior 39 quarters, and the current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Declared Dividend • Oct 14
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 22nd October 2024 Payment date: 31st October 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.8%. Announcement • Oct 09
Gladstone Land Corporation to Report Q3, 2024 Results on Nov 06, 2024 Gladstone Land Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Declared Dividend • Aug 22
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 20th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.8%. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.19 loss per share (vs US$0.048 profit in 2Q 2023) Second quarter 2024 results: US$0.19 loss per share (down from US$0.048 profit in 2Q 2023). Revenue: US$21.3m (flat on 2Q 2023). Net loss: US$6.65m (down 485% from profit in 2Q 2023). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 09
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 21st August 2024 Payment date: 30th August 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.8%. Declared Dividend • Jul 23
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 21st August 2024 Payment date: 30th August 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Board Change • Jul 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Head of Resource Management & Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 10
Gladstone Land Corporation to Report Q2, 2024 Results on Aug 08, 2024 Gladstone Land Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Declared Dividend • May 17
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 18th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.8%. Upcoming Dividend • May 10
Upcoming dividend of US$0.047 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 31 May 2024. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.3%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.21 (vs US$0.12 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.21 (up from US$0.12 loss in 1Q 2023). Revenue: US$20.3m (down 4.4% from 1Q 2023). Net income: US$7.45m (up US$11.8m from 1Q 2023). Profit margin: 37% (up from net loss in 1Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 25
Dividend of US$0.047 announced Shareholders will receive a dividend of US$0.047. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.8%. Board Change • Apr 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Head of Resource Management & Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Gladstone Land Corporation to Report Q1, 2024 Results on May 07, 2024 Gladstone Land Corporation announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Mar 28
Gladstone Land Corporation, Annual General Meeting, May 09, 2024 Gladstone Land Corporation, Annual General Meeting, May 09, 2024, at 11:00 Eastern Daylight. Agenda: To elect two directors to hold office for terms that will expire at the 2027 Annual Meeting of Stockholders and when their respective successors are duly elected and qualified; to ratify the Audit Committee's selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2024; and to consider other business issues. Announcement • Jan 10
Gladstone Land Corporation to Report Q4, 2023 Results on Feb 20, 2024 Gladstone Land Corporation announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Upcoming Dividend • Nov 10
Upcoming dividend of US$0.046 per share at 4.1% yield Eligible shareholders must have bought the stock before 17 November 2023. Payment date: 30 November 2023. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.5%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.19 in 3Q 2022) Third quarter 2023 results: FFO per share: US$0.2 (down from US$0.19 in 3Q 2022). Revenue: US$23.5m (down 2.7% from 3Q 2022). Funds from operations (FFO): US$6.31m (down 1.3% from 3Q 2022). FFO margin: 27% (in line with 3Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Oct 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Head of Resource Management & Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 11
Gladstone Land Corporation to Report Q3, 2023 Results on Nov 07, 2023 Gladstone Land Corporation announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.046 per share at 3.4% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 3.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (185% payout ratio). Currently unprofitable and not forecast to become profitable over next 2 years (US$11m net loss in 2 years). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$0.048 (vs US$0.11 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.048 (up from US$0.11 loss in 2Q 2022). Revenue: US$21.2m (up 4.5% from 2Q 2022). Net income: US$1.73m (up US$5.60m from 2Q 2022). Profit margin: 8.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Jul 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Head of Resource Management & Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 12
Gladstone Land Corporation to Report Q2, 2023 Results on Aug 07, 2023 Gladstone Land Corporation announced that they will report Q2, 2023 results After-Market on Aug 07, 2023 Announcement • Jun 25
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 2000 Growth-Defensive Index Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 2000 Growth-Defensive Index Upcoming Dividend • May 15
Upcoming dividend of US$0.046 per share at 3.5% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 31 May 2023. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • May 10
First quarter 2023 earnings released: US$0.12 loss per share (vs US$0.08 loss in 1Q 2022) First quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.08 loss in 1Q 2022). Revenue: US$21.2m (up 6.5% from 1Q 2022). Net loss: US$4.32m (loss widened 58% from 1Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Apr 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Head of Resource Management & Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 11
Gladstone Land Corporation to Report Q4, 2022 Results on Feb 21, 2023 Gladstone Land Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 21, 2023 Board Change • Dec 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. Director Paula Novara was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. Independent Director Walter Wilkinson was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 15
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 31 March 2022. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (1.6%). Breakeven Date Change • Mar 01
No longer forecast to breakeven The 6 analysts covering Gladstone Land no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.34m in 2024. New consensus forecast suggests the company will make a loss of US$5.44m in 2024. Breakeven Date Change • Mar 01
No longer forecast to breakeven The 6 analysts covering Gladstone Land no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.34m in 2024. New consensus forecast suggests the company will make a loss of US$5.44m in 2024. Breakeven Date Change • Feb 24
Forecast breakeven date moved forward to 2023 The 2 analysts covering Gladstone Land previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 58% to 2022. The company is expected to make a profit of US$349.5k in 2023. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Board Change • Feb 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Walter Wilkinson was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Caren Merrick was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Caren Merrick was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 12
Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.097 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$16.9m (up 34% from 2Q 2020). Net loss: US$3.47m (loss widened 67% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 30 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.4%). Reported Earnings • May 13
First quarter 2021 earnings released: FFO US$0.20 per share (vs US$0.26 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$16.0m (up 4.9% from 1Q 2020). Funds from operations (FFO): US$4.65m (down 13% from 1Q 2020). FFO margin: 29% (down from 35% in 1Q 2020). Upcoming Dividend • May 11
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 28 May 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.5%). Is New 90 Day High Low • Mar 13
New 90-day high: €16.20 The company is up 34% from its price of €12.10 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.61 per share. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 12%, compared to a 45% growth forecast for the REITs industry in Germany. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$0.22 (vs US$0.13 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$57.0m (up 40% from FY 2019). Net income: US$4.93m (up US$7.43m from FY 2019). Profit margin: 8.6% (up from net loss in FY 2019). Upcoming Dividend • Feb 09
Upcoming Dividend of US$0.045 Per Share Will be paid on the 26th of February to those who are registered shareholders by the 16th of February. The trailing yield of 3.2% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (4.7%).