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 Corporation (Nasdaq: LAND) has filed a prospectus supplement with the SEC for a continuous public offering of up to 8,000,000 shares of its 5.00% Series E Cumulative Redeemable Preferred Stock at an offering price of $25.00 per share. The company anticipates raising up to $200 million in gross proceeds with approximately $175 million net after expenses. The offering is expected to terminate by December 31, 2025, or once all shares are sold. It aims to list the preferred stock on Nasdaq within a year of the offering's termination.
Gladstone Land Corporation (NASDAQ: LAND) reported its third-quarter results for 2022, showing a net income of approximately $1.8 million, a notable increase from $0.6 million in the previous quarter. The company acquired four farms for about $37.4 million, expecting an initial net capitalization rate of 6.2%. AFFO rose by 60.3% to $7.2 million, driven by a 19.7% increase in cash lease revenues. They repaid $16.9 million in loans and amended the Series C Preferred Stock offering, now limited to 10.4 million shares. NAV per share increased to $16.56, up $0.96 from the last quarter.
Gladstone Land Corporation (Nasdaq: LAND) has scheduled its Third Quarter Earnings Call for November 9, 2022, at 8:30 a.m. Eastern Time. Investors can join via webcast or by calling (877) 407-9046. A replay of the call will be available until November 16, 2022, at (877) 660-6853 using conference number 13732344. The corporation focuses on acquiring farms and related properties, leasing them to farmers, positioning itself in the agricultural real estate sector.
Gladstone Land Corporation (Nasdaq:LAND) announced the election of Paula Novara to its board of directors for the class of 2025, effective October 11, 2022. Novara has been with the company since its inception as Head of Resource Management and has extensive experience in human resources, having previously held roles at WMF Group and Prudential Financial. The company owns 169 farms across the U.S., totaling over 115,000 acres, valued at more than $1.5 billion, leasing these lands to farmers to support its business model.
Gladstone Land Corporation (NASDAQ: LAND) has announced cash distributions of $0.0458 per share for each month of October, November, and December 2022, totaling $0.1374 for the quarter. Additionally, Series B, C, and D Preferred Stocks will receive $0.125 and $0.104167 per share respectively, with total quarterly distributions of $0.375 and $0.312501. The company has maintained a consistent distribution record, paying 116 consecutive monthly distributions since its IPO in January 2013. An earnings report for Q3 2022 is scheduled for November 8, 2022.
Gladstone Land Corporation (Nasdaq: LAND) provided a business update amid stock price volatility. Amid high inflation, farmland remains a strong inflation hedge, with food prices rising 11.4%. The company reported 100% occupancy and 97.7% cash rent collection in 2022. Six lease renewals are expected to increase income by $281,000. With $642.7 million in total debt at an average rate of 3.26%, financial health appears secure. While Hurricane Ian caused minor damage, the company anticipates no interruptions in rental income. Gladstone Land's focus on water security amidst drought conditions continues to drive demand for its farmland.
Gladstone Land Corporation (Nasdaq: LAND) announced an amendment to its $500 million Series C Preferred Stock offering, reducing total sales to 10,200,000 shares (approximately $255 million). The offering will now terminate on either December 31, 2022 or upon selling all available shares. To date, about $213 million has been sold since April 2020. CEO David Gladstone noted the company's farmland portfolio remains strong, but rising capital costs and cap rate compression may slow acquisition activity. The proceeds will be used to repay debt and fund acquisitions.
Gladstone Land Corporation (Nasdaq: LAND) has announced the acquisition of 1,317 acres of farmland in Washington and Oregon for approximately $37.3 million from Horizon Vineyards. This deal includes assuming long-term vineyard leases with a reputable grower. The acquisition is intended to diversify Gladstone's holdings by crop type and geographic location. The vineyards feature strong water resources and are well-managed, aligning with the company's strategy for continued growth and investment in quality farmland assets.
Gladstone Land Corporation (Nasdaq:LAND) has declared cash distributions of $0.0456 per share for common stock for July, August, and September 2022, amounting to a total of $0.1368 for the quarter. The company has consistently paid 113 monthly distributions since its IPO in January 2013 and increased distributions 27 times over the past 30 quarters. Additionally, Series B, C, and D Preferred Stocks will receive distributions totaling $0.375, $0.375, and $0.3125 respectively. Earnings for the second quarter will be reported on August 9, 2022.
Gladstone Land Corporation (Nasdaq:LAND) announced the acquisition of 1,374 acres of farmland in Glenn County, California, for $24.5 million from Solum Partners. The deal includes a 15-year triple-net lease with California Olive Ranch, the largest U.S. producer of extra virgin olive oil. The acquisition enhances Gladstone's portfolio, leveraging water resources and diversifying its offerings. Currently, Gladstone Land owns approximately 114,000 acres across 165 farms valued over $1.5 billion.
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