Gladstone Land Stock Price, News & Analysis

Gladstone Land Corporation (Nasdaq:LAND) has declared cash distributions of $0.0456 per share for common stock for July, August, and September 2022, amounting to a total of $0.1368 for the quarter. The company has consistently paid 113 monthly distributions since its IPO in January 2013 and increased distributions 27 times over the past 30 quarters. Additionally, Series B, C, and D Preferred Stocks will receive distributions totaling $0.375, $0.375, and $0.3125 respectively. Earnings for the second quarter will be reported on August 9, 2022.

Gladstone Land Corporation (Nasdaq:LAND) announced the acquisition of 1,374 acres of farmland in Glenn County, California, for $24.5 million from Solum Partners. The deal includes a 15-year triple-net lease with California Olive Ranch, the largest U.S. producer of extra virgin olive oil. The acquisition enhances Gladstone's portfolio, leveraging water resources and diversifying its offerings. Currently, Gladstone Land owns approximately 114,000 acres across 165 farms valued over $1.5 billion.

Gladstone Land Corporation (NASDAQ:LAND) provided a business update on June 13, 2022, amidst stock price volatility. The company highlighted that farmland remains a robust inflation hedge, with food prices rising 10.1% over the past year. Despite severe drought conditions affecting California, 23 farms were appraised, increasing in value by $13 million. The company plans significant ESG initiatives, including renewable energy projects. Lease renewals are expected to increase income by 48.3% for one farm, while upcoming acquisitions could total $85 million. Current debt is manageable at a fixed rate of 3.25%.

Gladstone Land Corporation (NASDAQ:LAND) reported Q1 2022 financial results, highlighting a net income of $1.2 million, down from $2.0 million in Q4 2021. The company experienced a net loss to common stockholders of $2.7 million, or $0.08 per share. AFFO decreased to $6.4 million, or $0.19 per share. Total operating revenues fell by 12.5% to $19.9 million, with cash flows from operations down by 37.2% to $7.6 million. Despite a conservative acquisition strategy amid economic uncertainty, NAV per share increased by 8.6% to $15.54. The company also increased its distribution run rate by 0.22%.

Gladstone Land Corporation (NASDAQ:LAND) will host its First Quarter Earnings Call on May 11, 2022, at 8:30 a.m. EDT. The event will be available via webcast, allowing participants to access key financial information and insights following the quarter's close on March 31, 2022. Those unable to attend live can access a replay until May 18, 2022. Gladstone Land specializes in acquiring farmland and related properties, leasing them to farmers, contributing to its real estate investment trust model. More information is available on their website.

Gladstone Land Corporation (NASDAQ: LAND) has declared cash distributions of $0.0454 per share of common stock and $0.125 per share for Series B and C preferred stocks for April, May, and June 2022. For Series D preferred stock, the distribution is set at $0.104167. The total quarterly distribution for common stock reaches $0.1362, with a strong history of 110 consecutive payments since 2013. An earnings announcement for Q1 2022 is planned for May 10, 2022, with a subsequent conference call scheduled for May 11, 2022.

Gladstone Land Corporation (Nasdaq:LAND) declared monthly cash distributions of $0.0454 per share for common stock for April, May, and June 2022. The total distribution for the quarter amounts to $0.1362.

Additionally, distributions for Series B, C, and D Preferred Stocks are set at $0.125, $0.125, and $0.104167 per share respectively. Notably, the company has maintained an uninterrupted distribution trend since its IPO in January 2013. Earnings for the quarter ending March 31, 2022, will be reported on May 10, 2022, followed by a conference call on May 11, 2022, at 8:30 a.m. EDT.

Gladstone Land Corporation (Nasdaq: LAND) announced its financial results for Q4 and the fiscal year 2021 on February 22, 2022. The company acquired 27 new farms for $294.5 million, increasing total operating revenues by 32.1% to $75.3 million. AFFO rose 42.2% to $20.4 million. However, net loss attributable to common stockholders increased to approximately $8.7 million. The NAV per share improved to $14.31. The company continues to see strong lease revenues, particularly from participation rents, which significantly increased year-over-year.

Gladstone Land Corporation (NASDAQ:LAND) will host its Fourth Quarter Earnings Call on February 23, 2022, at 8:30 a.m. EST. Investors can participate via webcast or phone. A replay will be available until March 2, 2022. The company focuses on acquiring farms and leasing them to farmers, reflecting a specialized position in the real estate investment trust sector.