Gladstone Land Announces Monthly Cash Distributions for January, February and March 2025 and Earnings Release and Conference Call Dates for the Fourth Quarter Ended December 31, 2024
Gladstone Land (LAND) has declared monthly cash distributions for Q1 2025. Common stockholders will receive $0.0467 per share for each month, totaling $0.1401 for the quarter. The company has maintained 143 consecutive monthly distributions since its 2013 IPO, with 35 increases over 40 quarters.
Additionally, distributions were declared for preferred stock series: Series B (LANDO) and Series C (LANDP) at $0.125 per share monthly, Series D (LANDM) and Series E at $0.104167 per share monthly. The company announced it will discontinue voluntary NAV per share publications after December 31, 2024. Fourth quarter 2024 earnings will be reported on February 19, 2025, with a conference call scheduled for February 20.
Gladstone Land (LAND) ha dichiarato distribuzioni mensili in contante per il primo trimestre del 2025. Gli azionisti comuni riceveranno $0,0467 per azione per ogni mese, per un totale di $0,1401 per il trimestre. L'azienda ha mantenuto 143 distribuzioni mensili consecutive dalla sua IPO nel 2013, con 35 aumenti in 40 trimestri.
Inoltre, sono state dichiarate distribuzioni per le serie di azioni privilegiate: Serie B (LANDO) e Serie C (LANDP) a $0,125 per azione mensilmente, Serie D (LANDM) e Serie E a $0,104167 per azione mensilmente. L'azienda ha annunciato che sospenderà le pubblicazioni volontarie del NAV per azione dopo il 31 dicembre 2024. I risultati del quarto trimestre 2024 verranno riportati il 19 febbraio 2025, con una teleconferenza programmata per il 20 febbraio.
Gladstone Land (LAND) ha declarado distribuciones en efectivo mensuales para el primer trimestre de 2025. Los accionistas comunes recibirán $0,0467 por acción cada mes, totalizando $0,1401 para el trimestre. La compañía ha mantenido 143 distribuciones mensuales consecutivas desde su IPO en 2013, con 35 aumentos en 40 trimestres.
Además, se han declarado distribuciones para las series de acciones preferentes: Serie B (LANDO) y Serie C (LANDP) a $0,125 por acción mensualmente, Serie D (LANDM) y Serie E a $0,104167 por acción mensualmente. La compañía anunció que dejará de publicar voluntariamente el NAV por acción después del 31 de diciembre de 2024. Los resultados del cuarto trimestre de 2024 se reportarán el 19 de febrero de 2025, con una llamada de conferencia programada para el 20 de febrero.
Gladstone Land (LAND)는 2025년 1분기 월간 현금 배당금을 발표했습니다. 보통주 주주들은 매달 주당 $0.0467를 받을 것이며, 분기 총액은 $0.1401입니다. 이 회사는 2013년 IPO 이후로 143개월 연속으로 배당금을 유지했으며, 40분기 동안 35번의 인상이 있었습니다.
추가로, 우선주 시리즈에 대해서도 배당금이 선언되었습니다: 시리즈 B (LANDO) 및 시리즈 C (LANDP)는 주당 $0.125, 시리즈 D (LANDM) 및 시리즈 E는 주당 $0.104167입니다. 회사는 2024년 12월 31일 이후 자발적인 주당 NAV 발표를 중단하겠다고 발표했습니다. 2024년 4분기 실적은 2025년 2월 19일에 보고될 예정이며, 2월 20일에 컨퍼런스 콜이 예정되어 있습니다.
Gladstone Land (LAND) a déclaré des distributions mensuelles en espèces pour le premier trimestre 2025. Les actionnaires ordinaires recevront 0,0467 $ par action chaque mois, totalisant 0,1401 $ pour le trimestre. L'entreprise a maintenu 143 distributions mensuelles consécutives depuis son introduction en bourse en 2013, avec 35 augmentations en 40 trimestres.
De plus, des distributions ont été déclarées pour les séries d'actions privilégiées : Série B (LANDO) et Série C (LANDP) à 0,125 $ par action mensuellement, Série D (LANDM) et Série E à 0,104167 $ par action mensuellement. L'entreprise a annoncé qu'elle mettrait fin aux publications volontaires du NAV par action après le 31 décembre 2024. Les résultats du quatrième trimestre 2024 seront publiés le 19 février 2025, avec une conférence téléphonique prévue pour le 20 février.
Gladstone Land (LAND) hat monatliche Barverteilungen für das 1. Quartal 2025 angekündigt. Stammaktionäre werden 0,0467 $ pro Aktie für jeden Monat erhalten, was insgesamt 0,1401 $ für das Quartal ausmacht. Das Unternehmen hat seit seinem IPO im Jahr 2013 143 aufeinanderfolgende monatliche Ausschüttungen aufrechterhalten, mit 35 Erhöhungen über 40 Quartale.
Zusätzlich wurden Ausschüttungen für die Vorzugsaktienserien bekannt gegeben: Serie B (LANDO) und Serie C (LANDP) zu 0,125 $ pro Aktie monatlich, Serie D (LANDM) und Serie E zu 0,104167 $ pro Aktie monatlich. Das Unternehmen kündigte an, die freiwillige Veröffentlichung des NAV pro Aktie nach dem 31. Dezember 2024 einzustellen. Die Ergebnisse des vierten Quartals 2024 werden am 19. Februar 2025 veröffentlicht, mit einer Telefonkonferenz, die für den 20. Februar geplant ist.
- 143 consecutive monthly distributions maintained since 2013 IPO
- 35 distribution increases over 40 quarters
- Consistent preferred stock distributions with no history of skips or reductions
- Discontinuation of voluntary NAV per share publication after December 31, 2024, reducing transparency for investors
Insights
This dividend announcement reveals consistent quarterly distributions across multiple share classes, with the common stock maintaining its
The preferred stock series (B, C, D and E) maintain their respective distribution rates, showing stability in the capital structure. The preferred shares offer higher yields than common stock, with Series B and C at
For retail investors, the DRIP program offers compound growth potential, though the discontinuation of NAV reporting may impact valuation assessment capabilities.
The consistent distribution pattern across all share classes indicates stable cash flow from LAND's farmland portfolio. However, the decision to cease voluntary NAV reporting is concerning as it reduces transparency in property valuation metrics, which are important for REIT analysis. This could potentially impact investor confidence and valuation multiples.
The layered capital structure with multiple preferred stock series demonstrates sophisticated capital management, providing stability while maintaining flexibility for future growth. The uninterrupted distribution history across all series suggests strong underlying asset performance and effective portfolio management. The timing of distributions is well-structured to maintain regular cash flow to investors while managing the company's working capital.
MCLEAN, VA / ACCESSWIRE / January 14, 2025 / 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 January, February and March 2025.
Monthly Cash Distributions:
Common Stock:
Summary of Common Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
January 24 | January 31 |
| $ | 0.0467 |
|
February 19 | February 28 |
|
| 0.0467 |
|
March 19 | March 31 |
|
| 0.0467 |
|
Total for the Quarter: |
| $ | 0.1401 |
| |
The Company has paid 143 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 35 times over the prior 40 quarters. The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneLand.com.
Series B Preferred Stock (Nasdaq: LANDO):
Summary of Series B Preferred Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
January 24 | January 31 |
| $ | 0.125 |
|
February 19 | February 28 |
|
| 0.125 |
|
March 19 | March 31 |
|
| 0.125 |
|
Total for the Quarter: |
| $ | 0.375 |
| |
The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date.
Series C Preferred Stock (Nasdaq:LANDP):
Summary of Series C Preferred Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
January 24 | January 31 |
| $ | 0.125 |
|
February 19 | February 28 |
|
| 0.125 |
|
March 19 | March 31 |
|
| 0.125 |
|
Total for the Quarter: |
| $ | 0.375 |
| |
The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.
Series D Preferred Stock (Nasdaq:LANDM):
Summary of Series D Preferred Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
January 24 | January 31 |
| $ | 0.104167 |
|
February 19 | February 28 |
|
| 0.104167 |
|
March 19 | March 31 |
|
| 0.104167 |
|
Total for the Quarter: |
| $ | 0.312501 |
| |
The Company has not skipped, reduced, or deferred a monthly Series D Preferred Stock distribution to date.
Series E Preferred Stock (Unlisted):
Summary of Series E Preferred Stock Cash Distributions
Record Date | Payment Date |
| Amount |
| |
January 27 | February 5 |
| $ | 0.104167 |
|
February 25 | March 5 |
|
| 0.104167 |
|
March 26 | April 4 |
|
| 0.104167 |
|
Total for the Quarter: |
| $ | 0.312501 |
| |
The Company has not skipped, reduced, or deferred a monthly Series E Preferred Stock distribution to date.
In addition, the Company, in consultation with its Board and external advisers, has determined that the Company's last voluntary publication of NAV per common share will be as of December 31, 2024. The Company has reviewed and analyzed the costs and benefits of the Company's voluntary publication of NAV per share and determined that it is no longer in the best interest of the Company and its shareholders to expend the time and resources necessary to voluntarily calculate a quarterly NAV.
Earnings Announcement:
The Company also announced today that it plans to report earnings for its fourth quarter ended December 31, 2024, after the stock market closes on Wednesday, February 19, 2025. The Company will hold a conference call on Thursday, February 20, 2025, at 8:30 a.m. Eastern Time to discuss its earnings results. Please call (866) 424-3437 to join the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through February 27, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13750257.
The live audio broadcast of the Company's conference call will also be available online at www.GladstoneLand.com.
About Gladstone Land:
Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 157 farms, comprised of over 111,000 acres in 15 different states and nearly 54,000 acre-feet (about 17.6 billion gallons) of water assets in California, valued at a total of approximately
For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.
For further information: Gladstone Land Corporation, (703) 287-5893
SOURCE: Gladstone Land Corporation
View the original press release on accesswire.com
FAQ
What is Gladstone Land's (LAND) dividend distribution for Q1 2025?
When will Gladstone Land (LAND) report Q4 2024 earnings?
Why is Gladstone Land (LAND) stopping NAV per share publications?
What is the distribution amount for Gladstone Land's (LAND) Series B and C preferred stock?
How many consecutive monthly distributions has Gladstone Land (LAND) maintained?
