Gladstone Land Stock Price, News & Analysis

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.

Gladstone Land Corporation (NASDAQ:LAND) has expanded its secured note purchase facility with Farmer Mac from $125 million to $225 million. The new terms allow bonds to be issued until May 31, 2023, with an effective loan-to-value ratio of up to 60% of the underlying agricultural real estate. This expansion is expected to support Gladstone Land's growth strategy. The company currently owns 128 farms across 94,000 acres in 13 states, valued at approximately $1 billion.

Gladstone Land Corporation (NASDAQ:LAND) has acquired 236 acres of farmland in Fresno County, California, for $3.6 million, aimed at growing almond trees. This acquisition is coupled with a 20-year lease agreement with an existing tenant, allowing operational expansion. David Gladstone, the company's President, expressed optimism about adding almond acreage, enhancing their nut crop portfolio. The company currently owns 128 farms across 13 states, valued at approximately $1 billion, and has consistently paid distributions to shareholders since its IPO in 2013.

Gladstone Land Corporation (NASDAQ:LAND) has acquired 597 acres of farmland in South Carolina for approximately $3.8 million. This acquisition, which includes a 10-year lease with a local sod grower, marks Gladstone's first investment in the state, expanding its footprint to 13 states and 26 growing regions. The fully irrigated farms are ideal for various crops, enhancing Gladstone's agricultural portfolio, which currently includes 127 farms valued at approximately $987 million. The company has consistently paid monthly cash distributions to stockholders since its IPO in 2013.

Gladstone Land Corporation has successfully listed its 6.00% Series B Preferred Stock on Nasdaq under the ticker LANDO, effective October 19, 2020, ahead of the expected timeline. The stock was originally issued at $25.00 per share through a $150 million offering that concluded in March 2020. With a consistent dividend rate, the listing signifies investor confidence in Gladstone Land's business model, as noted by CEO David Gladstone. The company owns 124 farms across 12 states, valued at approximately $983 million, and has a strong history of monthly distributions to shareholders.

Gladstone Land Corporation (NASDAQ:LAND) announced the elevation of two Managing Directors to Executive Vice President roles: Bill Frisbie for East Coast Operations and Bill Reiman for West Coast Operations. Frisbie has been with the company since 2006, overseeing farmland acquisitions in the East, while Reiman joined in 2013, focusing on the West. The company emphasizes their importance in driving growth, underlined by its substantial farmland holdings across the U.S., valued at approximately $983 million. Gladstone has consistently paid monthly distributions to shareholders since its IPO.