Gladstone Land Stock (NASDAQ:LANDP)


RevenueOwnershipFinancialsChartTranscripts

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$21.40

52W Range

$17.65 - $22.63

50D Avg

$21.66

200D Avg

$20.59

Market Cap

$768.28M

Avg Vol (3M)

$25.94K

Beta

1.08

Div Yield

$1.50 (4.58%)

LANDP Company Profile


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 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.

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Industry

REIT - Specialty

Sector

Real Estate

Exchange

NASDAQ

ADR

-

Country

US

Employees

-

IPO Date

Jun 08, 2023

Website

LANDP Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 18
ARIZONA$2.04M

Fiscal year ends in Dec 23 | Currency in USD

LANDP Financial Summary


Dec 23Dec 22Dec 21
Revenue$90.40M$89.24M$75.32M
Operating Income$34.04M$34.27M$30.87M
Net Income$14.56M$4.71M$3.50M
EBITDA$71.29M$69.73M$58.17M
Basic EPS---
Diluted EPS---

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Nov 07, 24 | 11:48 AM
Q2 24Aug 09, 24 | 10:51 AM
Q1 24May 08, 24 | 12:27 PM