Gladstone Land Corporation, Inc. | REIT Profile
Symbol: LAND
CIK: 1495240
Exchange: NASDAQ
Founded: 2003 (18 years)
HQ: McLean, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Farms
Externally Managed REIT
See LAND on Google Finance
See LAND on Yahoo Finance
See LAND on SEC.gov
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See score breakdown | See trend
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More
Stock Chart
See in Advanced Graph ViewHightlights of Trading Day January 19, 2021
Dividend of Trading Day January 19, 2021
Latest News Headlines
- Wed, 13 Jan 2021 13:31:51 +0000 (UTC) - Gladstone Land Corporation Announces Pricing of Preferred Stock Offering
- Tue, 12 Jan 2021 21:16:40 +0000 (UTC) - Gladstone Land Announces Increase in Monthly Cash Distributions for January, February, and March 2021
- Tue, 12 Jan 2021 13:45:58 +0000 (UTC) - Gladstone Land Corporation Announces Conditional Optional Redemption of all Outstanding Shares of Its Series A Preferred Stock
- Tue, 12 Jan 2021 13:31:40 +0000 (UTC) - Gladstone Land Corporation Announces Preferred Stock Offering
- Mon, 04 Jan 2021 13:32:08 +0000 (UTC) - Gladstone Land Acquires Citrus Orchard in California
Funds From Operations (FFO)
Key Stats of Trading Day January 19, 2021
Latest REIT Community Comments on #LAND
- Sweet. #land - Atopp - 2020-12-20 18:33:28 - See full comment
- Gladstone announced Q1 2020 results. AFFO for the quarter was approximately $5.4 million, an increase of approximately $1.9 million, or 53.4%, from the prior quarter, while AFFO per common share increased to approximately $0.25 for the current quarter, compared to $0.17 for the prior quarter. #LAND had total lease revenues increased by approximately $1.8 million, or 13.3%, primarily driven by an early lease termination payment received from an outgoing tenant and additional rents earned from recent acquisitions, partially offset by a decrease in the amount of participation rents recorded. - Greaterthan - 2020-05-10 16:51:40 - See full comment
- I bought #Land while prices were still reasonable, now just as about as high before the crash. why buy at these prices now? - heyyo - 2020-04-24 20:00:40 - See full comment
Properties Owned by LAND
Properties Based on REIT's Official Presentation
| Properties | Types | States | Countries |
|---|---|---|---|
| 92 | 1 | 10 | 1 |
Please visit REIT’s official webpage for the most up-to-date property list.
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Dividend History
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
About Gladstone Land Corporation, Inc.
Gladstone Land Corporation (common stock listed on NASDAQ: LAND) is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. The company's goal is to build the premier farmland real estate company focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources.
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 10 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.3 |
| 7 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.0 |
| 9 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.9 |
| 9 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 7.5 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 10 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 7.9 |
| 6 | AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| 9 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 8.0 |
| 10 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 8.7 |
| Rating | Leverage Section | Avg. Rating |
| 2 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.2 |
| 9 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 7.8 |
| 7 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.8 |
| 5 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.6 |
| 5 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 8 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.7 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 5.0 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.9 |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.4 |
| 10 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 6.9 |
| 8 | Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. | 8.2 |
| 9 | Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. | 8.0 |
| Rating | Market Cap Section | Avg. Rating |
| 10 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.7 |
| 8.0 | Overall REITRating™ Score (See trend) | 6.1 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
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Last updated: 2021-01-20