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Gladstone Land Corporation

3L4
Current price
11.37 EUR 0 EUR (0.00%)
Last closed 12.2 USD
ISIN US3765491010
Sector Real Estate
Industry REIT - Specialty
Exchange Frankfurt Exchange
Capitalization 467 144 480 USD
Yield for 12 month -18.29 %
1Y
3Y
5Y
10Y
15Y
3L4
21.11.2021 - 28.11.2021

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. Address: 1521 Westbranch Drive, McLean, VA, United States, 22102-3211

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Analytics

WallStreet Target Price

14.75 USD

P/E ratio

Dividend Yield

4.67 %

Current Year

+90 398 000 USD

Last Year

+89 236 000 USD

Current Quarter

+22 571 000 USD

Last Quarter

+21 297 000 USD

Current Year

+86 197 000 USD

Last Year

+86 417 000 USD

Current Quarter

Last Quarter

+9 189 000 USD

Key Figures 3L4

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
EBITDA 69 359 000 USD
Operating Margin TTM 39.85 %
PE Ratio
Return On Assets TTM 1.51 %
PEG Ratio 22.95
Return On Equity TTM 2.05 %
Wall Street Target Price 14.75 USD
Revenue TTM 88 454 000 USD
Book Value 19.29 USD
Revenue Per Share TTM
Dividend Share 0.56 USD
Quarterly Revenue Growth YOY -3.9 %
Dividend Yield 4.67 %
Gross Profit TTM 78 037 000 USD
Earnings per share -0.26 USD
Diluted Eps TTM -0.26 USD
Most Recent Quarter III 2024
Quarterly Earnings Growth YOY
Profit Margin 16.47 %

Dividend Analytics 3L4

Dividend growth over 5 years

4 %

Continuous growth

9 years

Payout Ratio 5 years average

-36 %

Dividend History 3L4

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Forward Annual Dividend Rate 0.56
Ex Dividend Date 20.11.2024
Forward Annual Dividend Yield 4.34 %
Last Split Factor
Payout Ratio 1111.8 %
Last Split Date
Dividend Date 31.12.2024

Stock Valuation 3L4

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Trailing PE
Forward PE
Enterprise Value Revenue 11.1126
Price Sales TTM 5.2812
Enterprise Value EBITDA 13.4565
Price Book MRQ 0.6753

Financials 3L4

1 year
3 years
5 years
10 years
15 years
Results 2019 Dynamics
* The data for this period has not yet been published

Technical indicators 3L4

For 52 weeks

12.06 USD 15.16 USD
50 Day MA 13.68 USD
Shares Short Prior Month 519 647
200 Day MA 13.53 USD
Short Ratio 3.28
Shares Short 557 012
Short Percent 1.67 %