Gladstone Land Stock Price, News & Analysis

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.

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.