Gladstone Land Corporation, Inc. | REIT Profile
Symbol: LAND
CIK: 1495240
Exchange: NASDAQ
Preferred Stock: LANDM, LANDO
Founded: 2003 (19 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 14, 2022
Closing Price: $33.03
Price Change: -0.51 (-1.521%)
Lowest Price: $32.55
Highest Price: $33.48
52-Week Low: $14.60
52-Week High: $35.08
52-Week Change: 127.31%
5 Day Price Change: 2.60%
1 Month Price Change: 11.48%
3 Month Price Change: 45.74%
6 Month Price Change: 43.07%
YTD Price Change: -0.65%
1 Year Price Change: 134.55%
2 Year Price Change: 172.34%
5 Year Price Change: 241.13%
Dividend of Trading Day January 14, 2022
Annualized Dividend: $0.5424*
Dividend Yield (TTM): 1.596%
Annualized Dividend (TTM): $0.5355
Ex-Dividend Date: 2021-12-22
Next Ex-Dividend: 2022-01-20
Dividend Frequency: Monthly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest News Headlines
- Gladstone Land Acquires Additional Farmland in Florida - Mon, 20 Dec 2021 13:34:00 UTC
- Gladstone Land Acquires Pistachio Orchard in California - Mon, 06 Dec 2021 13:31:57 UTC
- Gladstone Land Acquires Farmland in Oregon - Mon, 29 Nov 2021 13:32:13 UTC
- Gladstone Land Corporation Exceeds $75 Million Raised for Series C Preferred Stock Offering - Thu, 18 Nov 2021 21:06:41 UTC
- Gladstone Land Acquires Two Farms and Facilities in Georgia - Mon, 15 Nov 2021 13:32:01 UTC
Funds From Operations (FFO)
Key Stats of Trading Day January 14, 2022
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: -208.54
Market Capitalization: $1,129,956,729
Latest Volume: 300,967
Avg. Total Volume: 358,182
Avg. 10-Day Volume: 345,106
Avg. 30-Day Volume: 358,182
TTM EPS: N/A
Shares Outstanding: 34,210,013
Float: N/A
50-Day Moving Avg.: $31.23
200-Day Moving Avg.: $25.49
Latest REIT Community Comments on #LAND
- seems like #LAND was one of the few reits to go up today - Folders1 - 2021-05-12 23:32:03 - See full comment
- Hi ZREITs, #Land is down today presenting a good buy chance. - Value finder - 2021-05-11 10:32:24 - See full comment
- One of the good things about #IRM is that it pays "Qualified Dividends" instead of "Ordinary Dividends" which is what #LAND pays (ordinary). Meaning Qualified dividends have a smaller tax bracket than Ordinary. "The tax rate on qualified dividends is 15% for most taxpayers. (It’s zero for single taxpayers with incomes under $40,000 and 20% for single taxpayers with incomes over $441,451.) However, "ordinary dividends" (or "nonqualified dividends") are taxed at your normal marginal tax rate." Source of the quote: https://www.kiplinger.com/investing/stocks/dividend-stocks/601396/qualified-dividends-vs-ordinary-dividends - wolfman82 - 2021-05-08 11:00:36 - 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
Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $12.11 per share you would have been able to buy 82 shares of LAND on 2021-01-16 costing $993.02 | @ $12.11 per share you would have been able to buy 41 shares of LAND on 2021-01-16 costing $496.51 | @ $12.11 per share you would have been able to buy 20 shares of LAND on 2021-01-16 costing $242.20 | @ $12.11 per share you would have been able to buy 8 shares of LAND on 2021-01-16 costing $96.88 | @ $12.11 per share you would have been able to buy 4 shares of LAND on 2021-01-16 costing $48.44 |
| Current worth | On 2022-01-14 these 82 shares would be worth $2,708.46 @ $33.03 | On 2022-01-14 these 41 shares would be worth $1,354.23 @ $33.03 | On 2022-01-14 these 20 shares would be worth $660.60 @ $33.03 | On 2022-01-14 these 8 shares would be worth $264.24 @ $33.03 | On 2022-01-14 these 4 shares would be worth $132.12 @ $33.03 |
| Dividends earned | $44.34 in dividends would have been earned since 2021-01-16 with 82 shares. | $22 in dividends would have been earned since 2021-01-16 with 41 shares. | $10.82 in dividends would have been earned since 2021-01-16 with 20 shares. | $4.33 in dividends would have been earned since 2021-01-16 with 8 shares. | $2.16 in dividends would have been earned since 2021-01-16 with 41 shares. |
| Net (gain / loss)* | 1,759.78 USD | 879.89 USD | 429.22 USD | 171.69 USD | 85.84 USD |
| ROI** | 177.22% | 177.22% | 177.22% | 177.22% | 177.22% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by LAND. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| LAND | 2021-12-22 | 0.045 | --- | 2021-10-12 | 2021-12-23 | 2021-12-31 |
| LAND | 2021-11-18 | 0.045 | --- | 2021-10-12 | 2021-11-19 | 2021-11-30 |
| LAND | 2021-10-21 | 0.045 | 0.22% | 2021-10-12 | 2021-10-22 | 2021-10-29 |
| LAND | 2021-09-21 | 0.045 | --- | 2021-07-13 | 2021-09-22 | 2021-09-30 |
| LAND | 2021-08-20 | 0.045 | --- | 2021-07-13 | 2021-08-23 | 2021-08-31 |
| LAND | 2021-07-22 | 0.045 | 0.22% | 2021-07-13 | 2021-07-23 | 2021-07-30 |
| LAND | 2021-06-17 | 0.045 | --- | 2021-04-13 | 2021-06-18 | 2021-06-30 |
| LAND | 2021-05-18 | 0.045 | --- | 2021-04-13 | 2021-05-19 | 2021-05-28 |
| LAND | 2021-04-22 | 0.045 | 0.11% | 2021-04-13 | 2021-04-23 | 2021-04-30 |
| LAND | 2021-03-17 | 0.045 | --- | 2021-01-12 | 2021-03-18 | 2021-03-31 |
| LAND | 2021-02-16 | 0.045 | --- | 2021-01-12 | 2021-02-17 | 2021-02-26 |
| LAND | 2021-01-21 | 0.045 | 0.11% | 2021-01-12 | 2021-01-22 | 2021-01-29 |
| LAND | 2020-12-22 | 0.045 | --- | 2020-10-13 | 2020-12-23 | 2020-12-31 |
| LAND | 2020-11-19 | 0.045 | --- | 2020-10-13 | 2020-11-20 | 2020-11-30 |
| LAND | 2020-10-22 | 0.045 | 0.22% | 2020-10-13 | 2020-10-23 | 2020-10-30 |
| LAND | 2020-09-22 | 0.045 | --- | 2020-07-14 | 2020-09-23 | 2020-09-30 |
| LAND | 2020-08-21 | 0.045 | --- | 2020-07-14 | 2020-08-24 | 2020-08-31 |
| LAND | 2020-07-23 | 0.045 | -64.16% | 2020-07-14 | 2020-07-24 | 2020-07-31 |
| LAND [E] | 2020-06-24 | 0.125 | 179.64% | 2020-04-14 | 2020-06-25 | 2020-07-02 |
| LAND | 2020-06-18 | 0.045 | --- | 2020-04-14 | 2020-06-19 | 2020-06-30 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Current Cash | 24,779,000 | 30,232,000 | 13,688,000 | 3,992,000 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 0 | 0 | 0 | 0 |
| Current Assets (Other) | 0 | 0 | 0 | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Long-term Investments | 613,000 | 621,000 | 587,000 | 280,000 |
| Property, Plant & Equipment Net | 0 | 168,000 | 178,000 | 188,000 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 3,881,000 | 4,202,000 | 4,827,000 | 5,358,000 |
| Other Assets | 6,653,000 | 6,441,000 | 5,426,000 | 6,601,000 |
| Net Tangible Assets | 297,429,000 | 297,922,000 | 268,350,000 | 242,093,000 |
| Total Assets | 856,689,000 | 841,120,000 | 816,787,000 | 757,027,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 30,192,000 | 26,994,000 | 27,357,000 | 23,161,000 |
| Current Liabilities (Other) | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 |
| Current Long-term Debt | 19,361,000 | 21,561,000 | 34,052,000 | 4,825,000 |
| Long-term Debt | 500,753,000 | 484,510,000 | 476,408,000 | 475,751,000 |
| Total Liabilities | 550,306,000 | 533,065,000 | 537,817,000 | 503,737,000 |
| Minority Interest | -2,000 | 42,000 | 12,000 | 6,000 |
| Common Stock | 21,534,739 | 21,346,458 | 20,936,658 | 20,888,075 |
| Retained Earnings | -45,653,000 | -40,701,000 | -38,785,000 | -35,344,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 352,677,000 | 348,020,000 | 315,770,000 | 286,562,000 |
| Shareholder Equity | 305,236,000 | 305,699,000 | 276,621,000 | 250,895,000 |
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Total Revenue | 12,669,000 | 15,311,000 | 13,520,000 | 11,043,000 |
| Cost of Revenue | 5,995,000 | 7,561,000 | 6,472,000 | 5,159,000 |
| Gross Profit | 6,674,000 | 7,750,000 | 7,048,000 | 5,884,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 0 | 0 | 0 | 0 |
| Operating Expense | 6,477,000 | 8,093,000 | 6,996,000 | 5,606,000 |
| Operating Income | 6,192,000 | 7,218,000 | 6,524,000 | 5,437,000 |
| Income Expense Net (Other) | -6,010,000 | -4,117,000 | -5,566,000 | -4,914,000 |
| EBIT | 6,192,000 | 7,218,000 | 6,524,000 | 5,437,000 |
| Interest Income | 5,448,000 | 5,421,000 | 5,393,000 | 4,859,000 |
| Pretax Income | 182,000 | 3,101,000 | 958,000 | 523,000 |
| Income Tax | 0 | 0 | 0 | 0 |
| Minority Interest | -2,000 | 42,000 | 12,000 | 6,000 |
| Net Income | 184,000 | 3,059,000 | 946,000 | 517,000 |
| Net Income Basic | -2,078,000 | 934,000 | -639,000 | -644,000 |
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Net Income | 184,000 | 3,059,000 | 946,000 | 517,000 |
| Depreciation | 3,843,000 | 4,257,000 | 3,838,000 | 3,419,000 |
| Changes in Receivables | 0 | 0 | 0 | 0 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | -5,453,000 | 16,544,000 | 9,696,000 | -24,713,000 |
| Cash Flow | 6,704,000 | 3,233,000 | 7,468,000 | 9,646,000 |
| Capital Expenditures | -6,745,000 | -2,682,000 | -3,316,000 | -3,425,000 |
| Investments | -18,187,000 | -7,486,000 | -49,031,000 | -152,972,000 |
| Investing Activity (Other) | 0 | 0 | -587,000 | 1,050,000 |
| Total Investing Cash Flows | -24,932,000 | -10,168,000 | -52,700,000 | -155,347,000 |
| Dividends Paid | -4,374,000 | -4,975,000 | -4,226,000 | -3,837,000 |
| Net Borrowings | 13,722,000 | -4,388,000 | 29,667,000 | 102,265,000 |
| Cash Flow Financing | 12,775,000 | 23,479,000 | 54,928,000 | 120,988,000 |
| Financing Cash Flows (Other) | -29,000 | -39,000 | -38,000 | -39,000 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
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 |
|---|---|---|
| 4 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.8 |
| 8 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.5 |
| 9 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.8 |
| 0 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 7.7 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 7 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 7.7 |
| 7 | 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. | 8.3 |
| 10 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 9.0 |
| Rating | Leverage Section | Avg. Rating |
| 2 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 7.2 |
| 9 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 8.7 |
| 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. | 8.4 |
| 5 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.1 |
| 8 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.9 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 6.2 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.2 |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.1 |
| 10 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 6.4 |
| 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. | 5.5 |
| 6.8 | Overall REITRating™ Score (See trend) | 6.2 |
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: 2022-01-16 - v2.8