Gladstone Land Stock Price, News & Analysis

Gladstone Land Corporation (NASDAQ:LAND) reported Q1 2022 financial results, highlighting a net income of $1.2 million, down from $2.0 million in Q4 2021. The company experienced a net loss to common stockholders of $2.7 million, or $0.08 per share. AFFO decreased to $6.4 million, or $0.19 per share. Total operating revenues fell by 12.5% to $19.9 million, with cash flows from operations down by 37.2% to $7.6 million. Despite a conservative acquisition strategy amid economic uncertainty, NAV per share increased by 8.6% to $15.54. The company also increased its distribution run rate by 0.22%.

Gladstone Land Corporation (NASDAQ:LAND) will host its First Quarter Earnings Call on May 11, 2022, at 8:30 a.m. EDT. The event will be available via webcast, allowing participants to access key financial information and insights following the quarter's close on March 31, 2022. Those unable to attend live can access a replay until May 18, 2022. Gladstone Land specializes in acquiring farmland and related properties, leasing them to farmers, contributing to its real estate investment trust model. More information is available on their website.

Gladstone Land Corporation (NASDAQ: LAND) has declared cash distributions of $0.0454 per share of common stock and $0.125 per share for Series B and C preferred stocks for April, May, and June 2022. For Series D preferred stock, the distribution is set at $0.104167. The total quarterly distribution for common stock reaches $0.1362, with a strong history of 110 consecutive payments since 2013. An earnings announcement for Q1 2022 is planned for May 10, 2022, with a subsequent conference call scheduled for May 11, 2022.

Gladstone Land Corporation (Nasdaq:LAND) declared monthly cash distributions of $0.0454 per share for common stock for April, May, and June 2022. The total distribution for the quarter amounts to $0.1362.

Additionally, distributions for Series B, C, and D Preferred Stocks are set at $0.125, $0.125, and $0.104167 per share respectively. Notably, the company has maintained an uninterrupted distribution trend since its IPO in January 2013. Earnings for the quarter ending March 31, 2022, will be reported on May 10, 2022, followed by a conference call on May 11, 2022, at 8:30 a.m. EDT.

Gladstone Land Corporation (Nasdaq: LAND) announced its financial results for Q4 and the fiscal year 2021 on February 22, 2022. The company acquired 27 new farms for $294.5 million, increasing total operating revenues by 32.1% to $75.3 million. AFFO rose 42.2% to $20.4 million. However, net loss attributable to common stockholders increased to approximately $8.7 million. The NAV per share improved to $14.31. The company continues to see strong lease revenues, particularly from participation rents, which significantly increased year-over-year.

Gladstone Land Corporation (NASDAQ:LAND) will host its Fourth Quarter Earnings Call on February 23, 2022, at 8:30 a.m. EST. Investors can participate via webcast or phone. A replay will be available until March 2, 2022. The company focuses on acquiring farms and leasing them to farmers, reflecting a specialized position in the real estate investment trust sector.

Gladstone Land Corporation (Nasdaq:LAND) announced cash distributions of $0.0453 per common share for January, February, and March 2022. The total distribution for the quarter amounts to $0.1359. The company has consistently paid monthly distributions for 107 consecutive months and raised distributions 25 times in the last 28 quarters. Additionally, distributions for Series B, C, and D Preferred Stocks were announced, with each at $0.125 for three months, and Series D at $0.104167. Earnings for Q4 2021 will be reported post-market on February 22, 2022.

Gladstone Land Corporation (NASDAQ:LAND) announced the acquisition of 1,204 acres of farmland, including 975 farmable acres, near Fort Myers, Florida, for approximately $7.4 million. The deal includes a five-year triple-net lease with the seller. The property primarily produces sod, melons, and cattle. Executives expressed satisfaction with the acquisition, citing increasing demand for farmland in Florida and the potential for long-term investment benefits. Gladstone Land currently owns 164 farms across 15 states, valued at around $1.5 billion.

Gladstone Land Corporation (NASDAQ:LAND) has acquired 2,635 acres of farmland, primarily 1,776 acres planted with pistachios, near Lost Hills, California, for $88.0 million. This acquisition includes a 10-year triple-net lease with the seller. The orchards benefit from favorable soil and climate conditions that have resulted in strong yield history. With this addition, Gladstone Land continues to expand its portfolio of permanent crops, reinforcing its strategy of long-term investments.