Gladstone Land Stock Price, News & Analysis

Gladstone Land Corporation (NASDAQ:LAND) announced cash distributions for its 5.00% Series D Cumulative Term Preferred Stock. Shareholders will receive distributions of $0.142361 per share for February, payable on February 28, 2021, for shares recorded by February 17. For March, the distribution is $0.104167 per share, payable on April 5, 2021, for shares recorded by March 25. The total cash distribution for the quarter amounts to $0.246528 per share.

Gladstone Land currently owns 137 farms across the U.S., valued at approximately $1.2 billion.

Gladstone Land Corporation (NASDAQ: LAND) has announced the pricing of its public offering of 2,100,000 shares of its 5.00% Series D Cumulative Term Preferred Stock at $25.00 per share. The offering, which includes a 30-day option for underwriters to purchase an additional 315,000 shares, is expected to close on January 19, 2021. The Company aims to use the estimated net proceeds of approximately $50.7 million for the redemption of existing preferred stock, property acquisitions, and general corporate purposes.

Gladstone Land Corporation (Nasdaq: LAND) has declared cash distributions for January, February, and March 2021. The common stock will receive $0.04495 per share monthly, totaling $0.13485 for the quarter. The Series A Preferred Stock is set at $0.1328125 for January, with a conditional redemption expected on February 12, 2021. Series B and C Preferred Stocks will distribute $0.125 each month, totaling $0.375 for the quarter. The company has maintained 95 consecutive monthly distributions since its IPO in January 2013.

Gladstone Land Corporation (NASDAQ:LAND) announced the conditional optional redemption of its 6.375% Series A Cumulative Term Preferred Stock. This redemption is contingent upon the successful closing of its Series D Cumulative Term Preferred Stock offering by February 11, 2021. The Series A Preferred Stock will be redeemed at approximately $25.05 per share, including accrued dividends, effective February 12, 2021. Post-redemption, the Series A shares will be delisted from Nasdaq. The company currently owns 137 farms across 13 states, valued at around $1.2 billion.

Gladstone Land Corporation (NASDAQ:LAND) announced plans for a public offering of its Series D Cumulative Term Preferred Stock. The pricing and terms will be negotiated with underwriters, who may also purchase additional shares. Proceeds will fund the redemption of outstanding Series A Preferred Stock, property acquisitions, and other corporate needs. The company, which owns around 137 farms valued at approximately $1.2 billion, has maintained a consistent monthly distribution to shareholders since its IPO in January 2013.

Gladstone Land Corporation (NASDAQ:LAND) has announced the acquisition of 160 acres of farmland in Tulare County, California, for $4.2 million. The Company has also signed an eight-year leaseback with the seller. This acquisition expands Gladstone Land's portfolio, as it now adds citrus crops including Meyer lemons and mandarins. The Company currently owns 137 farms valued at approximately $1.2 billion. Gladstone Land has a track record of consistent monthly cash distributions, having paid 95 consecutive distributions since its IPO in 2013.

Gladstone Land Corporation (NASDAQ:LAND) has acquired approximately 1,670 acres of farmland across California and Washington, including 1,390 planted acres of blueberries. This deal also involves a 10-year triple-net leaseback agreement with the seller. The company reported strong demand for fresh blueberries, particularly organic varieties. In December alone, Gladstone Land completed $162 million in acquisitions. Currently, the company owns 136 farms valued at about $1.2 billion, and has consistently paid monthly distributions to shareholders since 2013.

Gladstone Land Corporation (NASDAQ:LAND) has acquired 4,642 acres of farmland in Tulare County, California, for $61.5 million. The property features nearly 3,000 planted acres of almonds, pistachios, and organic pomegranates. A 10-year leaseback agreement was established with the seller, enhancing operational stability. This acquisition expands Gladstone Land's portfolio and introduces a new crop, pomegranates, further cementing its position in the agricultural market.

Gladstone Land Corporation (Nasdaq: LAND) announced the acquisition of 368 acres of farmland in Ventura County, California, for approximately $20.8 million. This acquisition includes a lease with a large farming operation specializing in fresh vegetables. Executives expressed enthusiasm about expanding their portfolio with a reputable tenant known for generations in the vegetable business. Currently, Gladstone Land owns 131 farms across 13 states, valued at over $1 billion, and has consistently paid monthly distributions to shareholders since 2013.