Welcome to our dedicated page for Gladstone Land news (Ticker: LAND), a resource for investors and traders seeking the latest updates and insights on Gladstone Land stock.
Gladstone Land Corporation (LAND) provides investors with comprehensive access to official news and press releases related to its agricultural REIT operations. This centralized resource delivers timely updates on farmland acquisitions, lease agreements, and strategic initiatives across major U.S. agricultural regions.
Track critical developments including quarterly financial results, portfolio expansions, and water asset management strategies. Our curated collection ensures stakeholders stay informed about LAND’s triple-net lease structures, crop diversification efforts, and tenant partnership updates.
Key content includes earnings announcements, operational milestones, and management commentary. Bookmark this page for direct access to primary source materials that support informed analysis of LAND’s performance in the farmland investment sector.
Gladstone Land (Nasdaq:LAND) reported damage to its southeastern farms from Hurricanes Helene and Milton. Initial assessments show wind damage to blueberry plantings in southern Georgia and water damage to a cooling facility in central Florida, which is covered by insurance. While strawberry farms in central Florida experienced varying impacts, most operations have resumed planting with slight delays. The company's two citrus groves in southeast Florida emerged without notable damage. Management emphasized that property damage across their farms has been minimal despite the historic storms' strength, attributing their resilience partly to their focus on annual row crops rather than permanent tree crops in Florida.
Gladstone Land (Nasdaq:LAND) has announced monthly cash distributions for October, November, and December 2024, as well as earnings release and conference call dates for the third quarter ended September 30, 2024. The company declared:
- Common Stock: $0.0467 per share for each month
- Series B Preferred Stock: $0.125 per share for each month
- Series C Preferred Stock: $0.125 per share for each month
- Series D Preferred Stock: $0.104167 per share for each month
- Series E Preferred Stock: $0.104167 per share for each month
Gladstone Land has paid 140 consecutive monthly cash distributions on its common stock since its IPO in January 2013 and has increased distributions 35 times over the prior 39 quarters. The company will report Q3 2024 earnings on November 6, 2024, after market close, with a conference call scheduled for November 7, 2024, at 8:30 a.m. ET.
Gladstone Land (Nasdaq:LAND) has announced an update on its permanent crop portfolio. Executive VP Bill Reiman is leading a strategic review of the company's permanent cropland assets. The company acknowledges recent challenges in the sector, including:
1. Price downturn for crops like almonds, pistachios, and grapes over the past 12-18 months
2. Increased input and borrowing costs reducing farm margins
3. Year-round maintenance costs for permanent crops
To address these issues, Gladstone Land is exploring options such as:
- Restructuring leases with lower fixed rates but higher participation rent
- Forming joint ventures with growers
- Selling certain properties
Potential proceeds from asset sales could be used to invest in more stable income-generating assets or to pay off maturing debt.
Gladstone Land (Nasdaq:LAND) has announced the election of Katharine Cornell Gorka to its Board of Directors, effective August 22, 2024. Gorka, 64, brings a wealth of experience in national security and public policy to the company. She is currently the President of Threat Knowledge Group and chairs the Fairfax County Republican Party. Her previous roles include Senior Policy Advisor at the U.S. Department of Homeland Security, Press Secretary for U.S. Customs and Border Protection, and Director for Civil Society at The Heritage Foundation.
Gorka's educational background includes a degree from the University of North Carolina at Chapel Hill and an M.Sc. in Economics from the London School of Economics. The company believes her management expertise and strategic analysis skills will add value to the Board by expanding its knowledge base and diversity of perspectives.
Gladstone Land (Nasdaq:LAND) reported financial results for Q2 2024. Key highlights include:
- Net loss of $823,000, compared to net income of $7.9 million in Q2 2023
- AFFO of $3.7 million ($0.103 per share), slightly up from $3.6 million ($0.102 per share) in Q2 2023
- Total cash lease revenues remained flat, with decreased fixed base cash rents offset by increased participation rents
- NAV per share decreased to $17.59, down $1.56 from Q2 2023
- Increased distribution run rate by 0.22%, paying $0.1398 per common share during Q2
- Executed lease agreements expected to increase annual net operating income by $70,000
- Obtained additional water assets at a cost of $1.5 million
- Repurchased 140,777 shares of Series B and C Preferred Stock
The company faces challenges with vacant and non-accrual properties but continues to acquire water assets and maintain a strong balance sheet.
Gladstone Land (Nasdaq: LAND) has announced its upcoming second quarter earnings call and webcast for the period ended June 30, 2024. The event is scheduled for Friday, August 9, 2024, at 8:30 a.m. ET. Investors can participate via webcast or by calling (866) 424-3437. A conference call replay will be available until August 16, 2024, by dialing (877) 660-6853 with playback conference number 13746758. The webcast will also be archived on the company's website for later viewing. Gladstone Land is a real estate investment trust specializing in purchasing farms and farm-related properties, which are then leased to farmers.
Gladstone Land (Nasdaq: LAND) has announced updated monthly cash distribution dates for its Series E Preferred Stock for July, August, and September 2024. The company will distribute $0.104167 per share each month, totaling $0.312501 for the quarter. The record and payment dates are as follows:
- July: Record date - July 25, Payment date - August 5
- August: Record date - August 26, Payment date - September 5
- September: Record date - September 25, Payment date - October 4
Gladstone Land emphasizes that it has not skipped, reduced, or deferred any monthly Series E Preferred Stock distributions to date, maintaining its consistent payment record.
Gladstone Land (NASDAQ:LAND) announced a series of cash distributions for July, August, and September 2024. Common stockholders will receive $0.0467 per share each month, totaling $0.1401 for the quarter. Series B, C, D, and E Preferred Stockholders will also receive their respective monthly distributions, with no reductions or deferments to date. Additionally, Gladstone Land has scheduled its Q2 2024 earnings release for August 8, 2024, followed by a conference call on August 9, 2024, to discuss the results.
Gladstone Land (Nasdaq:LAND) reported financial results for the first quarter of 2024. The company sold a farm, resulting in a gain of $10.4 million. Despite a decrease in net operating income due to lease agreements and vacant properties, the company increased distribution rates and saw improvements in net income and NAV per share. The CEO aims to resolve tenant issues and focus on securing water rights for farms in California.
Gladstone Land (NASDAQ: LAND) updated their earnings call and webcast information for the first quarter ended March 31, 2024. The event will take place on Wednesday, May 8, 2024, at 8:30 a.m. ET. Investors can participate via webcast or phone. Gladstone Land is a real estate investment trust specializing in farms and farm-related properties. A conference call replay will be available until May 15, 2024. For more information, visit their website.
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