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Gladstone Land Corporation

LAND
Current price
9.81 USD +0.1 USD (+1.03%)
Last closed 9.80 USD
ISIN US3765491010
Sector Real Estate
Industry REIT - Specialty
Exchange NASDAQ
Capitalization 351 353 440 USD
Yield for 12 month -22.88 %
1Y
3Y
5Y
10Y
15Y
LAND
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

12.90 USD

P/E ratio

Dividend Yield

5.75 %

Current Year

+84 763 000 USD

Last Year

+90 398 000 USD

Current Quarter

+21 096 000 USD

Last Quarter

+22 571 000 USD

Current Year

+84 763 000 USD

Last Year

+77 594 000 USD

Current Quarter

+19 238 000 USD

Last Quarter

+21 191 000 USD

Key Figures LAND

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
EBITDA 68 430 000 USD
Operating Margin TTM 34.75 %
Price to Earnings
Return On Assets TTM 1.45 %
PEG Ratio 22.95
Return On Equity TTM 1.89 %
Wall Street Target Price 12.90 USD
Revenue TTM 85 156 000 USD
Book Value 18.99 USD
Revenue Per Share TTM
Dividend Share 0.56 USD
Quarterly Revenue Growth YOY -13.50 %
Dividend Yield 5.75 %
Gross Profit TTM 71 452 000 USD
Earnings per share -0.29 USD
Diluted Eps TTM -0.29 USD
Most Recent Quarter IV 2024
Quarterly Earnings Growth YOY
Profit Margin 15.61 %

Dividend Analytics LAND

Max Ratio

>10 - expected double digit dividend yield on cost over 10Y >5 - expected 5-9 dividend yield on cost over 10Y <5 - expected <5 dividend yield on cost over 10Y MaxRatio is an estimated 10Y dividend yield on cost calculated by combining the current dividend yield with the 5-year & 10-year average dividend growth rate, projected over the next 10 years discounted based on current Financial Score. It provides a projected outlook on future dividend returns.

5Y Dividend Growth

6.00 %

Consecutive Years

3 years

5Y Average Payout Ratio

166.75 %

Dividend History LAND

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Ex Dividend Date 21.05.2025
Dividend CAGR 3Y 1.46 %
Dividend CAGR 5Y 1.10 %
Dividend CAGR 10Y 4.59 %
Consecutive Years 3
Consistent Years 10
Continuous Dividends 12
Forward Annual Dividend Yield 5.77 %
Forward Annual Dividend 0.56 USD
Last Split Factor
Payout Ratio TTM 1 111.80 %
Last Split Date

Stock Valuation LAND

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Trailing PE
Forward PE
Enterprise Value Revenue 10.10
Price Sales TTM 4.13
Enterprise Value EBITDA 12.24
Price Book MRQ 0.51

Financials LAND

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 LAND

For 52 weeks

8.62 USD 14.77 USD
50 Day MA 10.64 USD
Shares Short Prior Month 1 164 937
200 Day MA 12.24 USD
Short Ratio 3.01
Shares Short 1 216 557
Short Percent 3.62 %