LAND - Gladstone Land Corp Stock Price, Fair Value and News

12.63USD-0.26 (-2.02%)Market Closed

Market Summary

USD12.63-0.26

Market Closed

-2.02%

LAND Stock Price

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LAND RSI Chart

LAND Valuation

Market Cap

452.6M

Price/Earnings (Trailing)

31.08

Price/Sales (Trailing)

5.01

EV/EBITDA

7.47

Price/Free Cashflow

11.29

LAND Price/Sales (Trailing)

LAND Profitability

EBT Margin

0.52%

Return on Equity

2.02%

Return on Assets

1.05%

Free Cashflow Yield

8.85%

LAND Fundamentals

LAND Revenue

Revenue (TTM)

90.4M

Rev. Growth (Yr)

-1.37%

Rev. Growth (Qtr)

3.9%

LAND Earnings

Earnings (TTM)

14.6M

Earnings Growth (Yr)

63.8%

Earnings Growth (Qtr)

-42.09%

Breaking Down LAND Revenue

Last 7 days

-2.6%

Last 30 days

-2.8%

Last 90 days

-11.4%

Trailing 12 Months

-23.4%

How does LAND drawdown profile look like?

LAND Financial Health

LAND Investor Care

Dividend Yield

3.93%

Dividend/Share (TTM)

0.53

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

-0.28

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	90.5M	91.4M	90.7M	90.4M
2022	79.2M	82.6M	87.2M	89.2M
2021	57.8M	62.0M	67.6M	75.3M
2020	48.1M	52.4M	55.4M	57.0M
2019	35.3M	32.2M	35.2M	40.7M
2018	28.6M	34.0M	35.5M	36.7M
2017	19.4M	21.1M	23.2M	25.1M
2016	12.7M	14.2M	15.2M	17.3M
2015	8.8M	10.0M	11.7M	12.1M
2014	4.9M	5.5M	6.3M	7.4M
2013	3.5M	3.6M	3.8M	4.0M
2012	3.1M	3.2M	3.3M	3.4M
2011	0	0	0	3.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Gladstone Land Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 28, 2023	novara paula	bought	9,889	17.6597	560	-
Oct 18, 2021	merrick caren d	acquired	-	-	1,000	-
Dec 22, 2020	gladstone david	gifted	-	-	248,000	chief executive officer
Mar 17, 2020	english michela a	sold	-4,173	10.84	-385	-
Mar 16, 2020	licalsi michael	bought	8,064	10.0804	800	general counsel and secretary
Mar 16, 2020	parrish lewis	bought	5,065	10.13	500	cfo
Mar 02, 2020	gladstone david	gifted	-	-	700,000	chief executive officer
Feb 24, 2020	adelgren paul w	bought	9,975	14.25	700	-
Nov 15, 2019	adelgren paul w	bought	11,428	12.03	950	-
Sep 10, 2019	gladstone david	bought	883,706	11.9	74,261	ceo

Which funds bought or sold LAND recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	AdvisorNet Financial, Inc	reduced	-75.49	-100,370	29,348	-%
Apr 12, 2024	Gilman Hill Asset Management, LLC	added	44.83	70,615	280,140	0.05%
Apr 12, 2024	HARBOR INVESTMENT ADVISORY, LLC	unchanged	-	-1,499	18,009	-%
Apr 12, 2024	Ignite Planners, LLC	reduced	-25.09	-157,591	331,354	0.09%
Apr 11, 2024	MARYLAND CAPITAL ADVISORS INC.	reduced	-52.22	-7,268	5,737	-%
Apr 10, 2024	SOA Wealth Advisors, LLC.	unchanged	-	-5.00	67.00	-%
Apr 09, 2024	ADIRONDACK TRUST CO	unchanged	-	99.00	4,002	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	new	-	280	280	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-2.01	-325	3,909	-%
Apr 05, 2024	VERITY Wealth Advisors	unchanged	-	-22,200	266,800	0.20%

Are Funds Buying or Selling LAND?

Are funds buying LAND calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LAND

No. of Funds

Unveiling Gladstone Land Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.74%	3,492,241	SC 13G/A
Jan 26, 2024	blackrock inc.	7.5%	2,689,360	SC 13G/A
Jan 16, 2024	gladstone david	7.01%	2,513,985	SC 13G/A
Feb 01, 2023	blackrock inc.	6.6%	2,306,090	SC 13G/A
Jan 19, 2023	gladstone david	7.14%	2,513,985	SC 13G/A
Jan 10, 2023	vanguard group inc	10.04%	3,483,685	SC 13G/A
Feb 03, 2022	blackrock inc.	6.6%	2,262,226	SC 13G/A
Feb 02, 2022	gladstone david	7.35%	2,513,985	SC 13G/A
Feb 10, 2021	vanguard group inc	4.99%	1,201,501	SC 13G/A
Feb 02, 2021	gladstone david	9.40%	2,513,985	SC 13G/A

Recent SEC filings of Gladstone Land Corp

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	DEFA14A	DEFA14A
Mar 27, 2024	DEF 14A	DEF 14A
Feb 20, 2024	8-K	Current Report
Feb 20, 2024	10-K	Annual Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Jan 26, 2024	SC 13G/A	Major Ownership Report
Jan 16, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Gladstone Land Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	83.1B	11.1B	-9.66%	-13.83%	60.81	7.46	4.04%	-19.43%
CCI	41.5B	7.0B	-9.60%	-26.03%	27.65	5.95	-0.07%	-10.36%
AVB	25.7B	2.8B	-1.70%	6.38%	27.64	9.27	6.73%	-18.30%
ARE	20.5B	2.9B	-3.74%	0.55%	197.59	7.1	11.46%	-80.13%
AMH	12.7B	1.6B	-3.36%	8.14%	29.37	7.9	7.80%	39.39%
REG	10.7B	1.3B	-1.98%	-2.93%	29.32	8.08	8.04%	-24.50%
BXP	9.2B	3.3B	-6.31%	15.09%	48.4	2.81	5.31%	-77.32%
MID-CAP
FRT	8.1B	1.1B	-1.05%	1.77%	34.35	7.19	5.38%	-38.52%
MAC	3.4B	884.1M	-1.05%	66.77%	-12.56	3.89	2.90%	-314.82%
SLG	3.2B	899.4M	-1.62%	125.91%	-5.7	3.58	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.88%	17.82%	19.35	2.84	4.38%	15.77%
AIV	1.2B	198.2M	7.12%	4.87%	-7.34	5.82	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.57%	5.74%	13.37	1.77	25.53%	134.62%
NYMT	627.7M	258.7M	-4.58%	-31.06%	-12.9	2.43	0.11%	83.70%
IVR	399.8M	277.9M	-10.13%	-19.51%	-25.21	1.44	44.33%	96.06%

Gladstone Land Corp News

Latest updates

Gladstone Land Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	3.9%	24.00	24.00	21.00	21.00	25.00	24.00	20.00	20.00	23.00	20.00	17.00	16.00	15.00	14.00	13.00	15.00	13.00	11.00	8.00	8.00	8.00
Operating Expenses	10.6%	16.00	14.00	13.00	14.00	15.00	15.00	12.00	13.00	13.00	11.00	9.00	10.00	8.00	7.00	6.00	8.00	7.00	6.00	4.00	5.00	5.00
S&GA Expenses	22.8%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.00	0.00	1.00	1.00	0.00	0.00	1.00	0.00
EBITDA Margin	-100.0%	-	0.68*	0.68*	0.68*	0.69*	0.69*	0.70*	0.70*	0.70*	0.71*	0.72*	0.71*	0.66*	-	-	-	-	-	-	-	-
Interest Expenses	-0.4%	6.00	6.00	6.00	6.00	6.00	6.00	7.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00	4.00	4.00	3.00	3.00
EBT Margin	-100.0%	-	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	-	-	-	-	-	-	-	-
Net Income	-42.1%	2.00	3.00	8.00	2.00	1.00	2.00	1.00	1.00	2.00	1.00	-0.53	1.00	0.00	2.00	0.00	3.00	1.00	1.00	0.00	0.00	-1.01
Net Income Margin	5.5%	0.16*	0.15*	0.14*	0.06*	0.05*	0.06*	0.06*	0.05*	0.05*	0.02*	0.03*	0.04*	-	-	-	-	-	-	-	-	-
Free Cashflow	21680.0%	17.00	0.00	18.00	5.00	21.00	4.00	12.00	8.00	12.00	3.00	10.00	7.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-1.3%	1,387	1,406	1,429	1,426	1,457	1,438	1,410	1,386	1,352	1,262	1,202	1,134	1,067	878	857	841	817	757	629	576	565
Cash Equivalents	-26.0%	19.00	25.00	48.00	39.00	61.00	37.00	48.00	49.00	17.00	66.00	67.00	73.00	9.00	6.00	25.00	30.00	14.00	4.00	29.00	23.00	15.00
Liabilities	-1.0%	668	675	694	692	726	731	758	754	762	736	720	717	683	561	550	533	538	504	397	381	384
Shareholder's Equity	-1.6%	720	731	735	735	731	707	652	632	589	525	481	418	384	317	306	308	279	253	231	195	181
Additional Paid-In Capital	0.0%	856	856	853	851	837	802	742	714	668	599	549	477	440	368	353	348	316	287	263	223	202
Shares Outstanding	0%	36.00	36.00	36.00	36.00	35.00	34.00	35.00	34.00	30.00	31.00	28.00	27.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	540	-	-	-	708	-	-	-	672	-	-	-	301	-	-	-	210	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	21680.0%	17,424	80.00	17,863	4,714	20,715	3,718	11,802	7,553	12,021	3,391	10,309	6,656	13,409	1,656	6,441	3,496	7,468	9,646	1,824	2,432	2,364
Cashflow From Investing	35.9%	-2,682	-4,187	6,117	-3,016	-6,857	-43,480	-31,575	-3,572	-145,500	-64,551	-79,544	-5,406	-197,281	-40,520	-24,932	-10,168	-52,700	-155,347	-48,886	-5,717	-45,217
Cashflow From Financing	-11.7%	-21,251	-19,021	-14,500	-24,111	10,277	28,324	18,836	28,692	83,696	60,862	63,130	62,426	186,635	20,540	13,038	23,216	54,928	120,988	52,659	11,663	54,654
Dividend Payments	0.5%	4,988	4,965	4,932	4,904	4,789	4,739	4,701	4,664	4,596	4,254	3,999	3,642	3,342	2,967	2,874	2,850	2,802	2,780	2,469	2,409	2,220

LAND Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING REVENUES:
Lease revenue, net	$ 90,319	$ 89,236	$ 75,318
Other operating revenue	79	0	0
Total operating revenues	90,398	89,236	75,318
OPERATING EXPENSES:
Depreciation and amortization	37,161	35,366	27,183
Property operating expenses	4,201	2,819	2,536
Base management fee	8,603	8,307	6,329
Incentive fee	1,771	3,225	3,901
Administration fee	2,255	2,005	1,526
General and administrative expenses	2,924	2,740	2,139
Write-off of costs associated with offering of Series C cumulative redeemable preferred stock	0	853	0
Total operating expenses	56,915	55,315	43,614
OTHER INCOME (EXPENSE):
Other income	3,633	3,441	2,291
Interest expense	(23,665)	(25,738)	(24,883)
Dividends declared on cumulative term preferred stock	(3,019)	(3,019)	(3,068)
Gain (loss) on dispositions of real estate assets, net	5,208	(3,760)	(2,537)
Property and casualty (loss) recovery, net	(1,016)	(56)	68
Loss from investments in unconsolidated entities	(59)	(73)	(61)
Total other expense, net	(18,918)	(29,205)	(28,190)
NET INCOME	14,565	4,716	3,514
Net income attributable to non-controlling interests	0	(8)	(19)
NET INCOME ATTRIBUTABLE TO THE COMPANY	14,565	4,708	3,495
Dividends declared on cumulative redeemable preferred stock	(24,371)	(19,693)	(12,235)
Loss on extinguishment of cumulative redeemable preferred stock	(46)	(25)	(23)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (9,852)	$ (15,010)	$ (8,763)
LOSS PER COMMON SHARE:
Basic (in dollars per share)	$ (0.28)	$ (0.43)	$ (0.29)
Diluted (in dollars per share)	$ (0.28)	$ (0.43)	$ (0.29)
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING
Weighted average shares of common stock outstanding – basic (in shares)	35,733,742	34,563,460	30,357,268
Weighted average shares of common stock outstanding – diluted (in shares)	35,733,742	34,563,460	30,357,268
COMPREHENSIVE INCOME
Net income	$ 14,565	$ 4,716	$ 3,514
Change in fair value related to interest rate hedging instruments	(1,641)	10,043	464
COMPREHENSIVE INCOME	12,924	14,759	3,978
Net income attributable to non-controlling interests	0	(8)	(19)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY	$ 12,924	$ 14,751	$ 3,959

LAND Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Real estate, at cost	$ 1,383,742,000	$ 1,432,394,000
Less: accumulated depreciation	(142,212,000)	(106,966,000)
Total real estate, net	1,241,530,000	1,325,428,000
Lease intangibles, net	4,782,000	5,702,000
Real estate and related assets held for sale, net	53,626,000	0
Cash and cash equivalents	18,571,000	61,141,000
Other assets, net	68,815,000	64,980,000
TOTAL ASSETS	1,387,324,000	1,457,251,000
LIABILITIES:
Borrowings under lines of credit	200,000	100,000
Notes and bonds payable, net	573,911,000	626,400,000
Accounts payable and accrued expenses	10,298,000	16,266,000
Total liabilities	667,711,000	725,889,000
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.001 par value; 48,043,098 shares authorized, 35,838,442 shares issued and outstanding as of December 31, 2023; 47,992,588 shares authorized, 35,050,397 shares issued and outstanding as of December 31, 2022	36,000	35,000
Additional paid-in capital	856,206,000	836,674,000
Distributions in excess of accumulated earnings	(144,011,000)	(114,370,000)
Accumulated other comprehensive income (loss)	7,366,000	9,007,000
Total stockholders’ equity	719,613,000	731,362,000
Non-controlling interests in Operating Partnership	0	0
Total equity	719,613,000	731,362,000
TOTAL LIABILITIES AND EQUITY	1,387,324,000	1,457,251,000
Related Party
LIABILITIES:
Other liabilities, net	3,874,000	4,370,000
Nonrelated Party
LIABILITIES:
Other liabilities, net	19,909,000	19,646,000
Series D Preferred Stock
LIABILITIES:
Series D cumulative term preferred stock, net, $0.001 par value, $25.00 per share liquidation preference; 3,600,000 shares authorized, 2,415,000 shares issued and outstanding as of December 31, 2023, and December 31, 2022	59,519,000	59,107,000
Series B Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock	6,000	6,000
Series C Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock	10,000	10,000
Series E Preferred Stock
Stockholders’ equity:
Cumulative redeemable preferred stock	$ 0	$ 0

About Gladstone Land Corp

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 126 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 31 times over the prior 34 quarters, and the current per-share distribution on its common stock is $0.0462 per month, or $0.5544 per year.

CEO	Mr. David John Gladstone
WEBSITE	gladstonefarms.com
INDUSTRY	REIT Mortgage

Gladstone Land Corp Frequently Asked Questions

What is the ticker symbol for Gladstone Land Corp? What does LAND stand for in stocks?

LAND is the stock ticker symbol of Gladstone Land Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Gladstone Land Corp (LAND)?

As of Mon Apr 15 2024, market cap of Gladstone Land Corp is 452.64 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LAND stock?

You can check LAND's fair value in chart for subscribers.

What is the fair value of LAND stock?

You can check LAND's fair value in chart for subscribers. The fair value of Gladstone Land Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Gladstone Land Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LAND so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Gladstone Land Corp a good stock to buy?

The fair value guage provides a quick view whether LAND is over valued or under valued. Whether Gladstone Land Corp is cheap or expensive depends on the assumptions which impact Gladstone Land Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LAND.

What is Gladstone Land Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, LAND's PE ratio (Price to Earnings) is 31.08 and Price to Sales (PS) ratio is 5.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LAND PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Gladstone Land Corp's stock?

In the past 10 years, Gladstone Land Corp has provided 0.032 (multiply by 100 for percentage) rate of return.