Gladstone Land Corporation (LAND)
- Previous Close
13.43 - Open
13.47 - Bid 13.23 x 100
- Ask 13.31 x 300
- Day's Range
13.26 - 13.49 - 52 Week Range
12.31 - 17.48 - Volume
144,447 - Avg. Volume
174,235 - Market Cap (intraday)
475.217M - Beta (5Y Monthly) 1.00
- PE Ratio (TTM)
265.20 - EPS (TTM)
0.05 - Earnings Date Aug 5, 2024 - Aug 9, 2024
- Forward Dividend & Yield 0.56 (4.22%)
- Ex-Dividend Date Jun 18, 2024
- 1y Target Est
15.20
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.
www.gladstonefarms.comRecent News: LAND
Performance Overview: LAND
Trailing total returns as of 5/20/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: LAND
Valuation Measures
Market Cap
475.22M
Enterprise Value
975.83M
Trailing P/E
265.20
Forward P/E
--
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
5.31
Price/Book (mrq)
0.66
Enterprise Value/Revenue
10.91
Enterprise Value/EBITDA
11.28
Financial Highlights
Profitability and Income Statement
Profit Margin
29.53%
Return on Assets (ttm)
1.49%
Return on Equity (ttm)
3.62%
Revenue (ttm)
89.33M
Net Income Avi to Common (ttm)
1.92M
Diluted EPS (ttm)
0.05
Balance Sheet and Cash Flow
Total Cash (mrq)
59.93M
Total Debt/Equity (mrq)
84.65%
Levered Free Cash Flow (ttm)
42.19M
Research Analysis: LAND
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