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. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
My Notes
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Gladstone Land Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.51 |
| 52 Week High | US$15.36 |
| 52 Week Low | US$10.51 |
| Beta | 1.04 |
| 1 Month Change | -12.20% |
| 3 Month Change | -24.44% |
| 1 Year Change | -27.72% |
| 3 Year Change | -66.79% |
| 5 Year Change | -18.08% |
| Change since IPO | -29.93% |
Recent News & Updates
Gladstone Land: A Record 5% Dividend Yield From U.S. Farmland
Dec 18Gladstone Land: I'm Sticking With The Preferred Shares
Nov 24Recent updates
Gladstone Land: A Record 5% Dividend Yield From U.S. Farmland
Dec 18Gladstone Land: I'm Sticking With The Preferred Shares
Nov 24Gladstone Land Offers A 6.65-7% Yield (To Maturity) On Its Preferred Equity
Jul 20Gladstone Land: Solid Fundamentals Masked By Macro Challenges
Jun 14Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds
Mar 30Gladstone Land: Recent Real Estate Transaction Validates Portfolio Value
Feb 06Gladstone Land goes ex-dividend tomorrow
Oct 19Gladstone Land Has Become Interesting Again
Oct 13Gladstone Land reduces series C preferred stock offering to $255M
Aug 24Gladstone Land: Growth Slowing, Debt Load Rising
Aug 12Gladstone Land acquires vineyards in Washington, Oregon for $37.3M
Jul 25Gladstone Land raises dividend 0.4% to $0.0456 dividend
Jul 18Gladstone Land: Current Valuation Is A Downside Risk
Jun 02Gladstone Land: High Premium To NAV Limits Upside And Introduces Downside Risk
Jan 31Gladstone Land: Not Your Typical REIT
Jan 08Shareholder Returns
| LAND | US Specialized REITs | US Market | |
|---|---|---|---|
| 7D | -6.6% | -6.6% | -4.0% |
| 1Y | -27.7% | -0.3% | 24.0% |
Return vs Industry: LAND underperformed the US Specialized REITs industry which returned -0.3% over the past year.
Return vs Market: LAND underperformed the US Market which returned 24% over the past year.
Price Volatility
| LAND volatility | |
|---|---|
| LAND Average Weekly Movement | 2.9% |
| Specialized REITs Industry Average Movement | 3.2% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: LAND has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: LAND's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | n/a | David Gladstone | 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
| LAND fundamental statistics | |
|---|---|
| Market cap | US$395.50m |
| Earnings (TTM) | -US$9.29m |
| Revenue (TTM) | US$88.45m |
4.3x
P/S Ratio-40.9x
P/E RatioIs LAND overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LAND income statement (TTM) | |
|---|---|
| Revenue | US$88.45m |
| Cost of Revenue | US$13.39m |
| Gross Profit | US$75.06m |
| Other Expenses | US$84.35m |
| Earnings | -US$9.29m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.26 |
| Gross Margin | 84.86% |
| Net Profit Margin | -10.50% |
| Debt/Equity Ratio | 85.4% |
How did LAND perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield192%
Payout RatioDoes LAND pay a reliable dividends?
See LAND dividend history and benchmarks| Gladstone Land dividend dates | |
|---|---|
| Ex Dividend Date | Dec 20 2024 |
| Dividend Pay Date | Dec 31 2024 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 11 days |
Does LAND pay a reliable dividends?
See LAND dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:09 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Gladstone Land Corporation is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Zucker | Aegis Capital Corporation |
| Gaurav Mehta | Alliance Global Partners |
| Nathan Crossett | Berenberg |