LAND
Gladstone Land Corporation
USNASDAQ: LAND
LAND
Gladstone Land Corporation
USNASDAQ: LAND
REIT
REIT - IndustrialUS

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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.

$10.67

0%
$0
Grades
B
Very good valuation with great growth
Acceptable quality. Balance sheet and profitability are borderline, so check for red flags.
Acceptable dividend and business growth with some warning signs.
The stock appears undervalued by most metrics. A great time to buy.
Market Cap
$386M
Small-Cap
EPS (TTM)
$0.41
Dividend Yield
4.64%
Large Yield
Dividend Streak
10 years
Since 2015
Payout Ratio
137.9%
High Payout
Dividend Growth
0.9%
CAGR - 5Y
Revenue/ share$2.37
FCF/ share$0.68
Earnings Yield3.47%
Gross Margin43.25%
Operating Margin28.28%
ROE1.89%
Cash$18.3M
Net Debt$509M
Debt to Equity0.77
PE28.83
EV/Sales10.51
Beta1.11