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
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See LAND on SEC.gov

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Overall Score: 6.8

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


Gladstone Land Corporation, Inc. Company Logo

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Hightlights of Trading Day January 14, 2022


Open Price: $33.3
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


Dividend Yield: 1.642%*
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


See more news headlines for Gladstone Land Corporation, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: N/A
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
Profit Margin: 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
Beta: 0.90
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


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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.

LAND Sample Property

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


The next Earnings Report for LAND is 2022-02-22

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