Gladstone Land (LAND) - NASDAQ
  • Tue, Jul. 12, 5:05 PM
    • Gladstone Land (NASDAQ:LAND) declares $0.04125/share monthly dividend, in line with previous.
    • Forward yield 4.47%
    • Payable Aug. 2; for shareholders of record July 22; ex-div July 20
    • Payable Aug. 31; for shareholders of record Aug. 22; ex-div Aug. 18.
    • Payable Sept. 30; for shareholders of record Sept. 21; ex-div Sept. 19.
    | Tue, Jul. 12, 5:05 PM
  • Tue, Jul. 5, 9:23 AM
    • The 401 acres of farmland in St. Lucie County was purchased for $5.1M. Upon closing, Gladstone (NASDAQ:LAND) entered a lease with a grower and marketer of fresh vegetables for a seven-year lease with annual rent escalations and two, seven-year extension options.
    • It's Gladstone's first Southeast Florida purchase and brings the portfolio up to 48 farms across the country.
    • Company NAV as of March 31 of $13.87 per share compares to Friday's close of $11.30.
    | Tue, Jul. 5, 9:23 AM | 4 Comments
  • Mon, Jun. 20, 10:03 AM
    • The company expands its secured note purchase facility with Farmer Mac to $125M from $75M, and extends the term by two years.
    • LAND +1%
    | Mon, Jun. 20, 10:03 AM | 1 Comment
  • Mon, May 2, 4:41 PM
    • Q1 adjusted FFO of $1.256M or $0.123 per share vs. $1.157M and $0.125 in Q4. Dividend is $0.12.
    • Operating revenues of $3.68M up 8%; operating expenses of $2.28M up 23%.
    • Farms owned of 46 up from 43. Acres owned of 23K up 36.8%. Occupancy is flat at 100%. Farmland portfolio value of $318M up 11.5% NAV per share of $13.87 down from $14.20. Today's close was $10.38.
    • Conference call tomorrow at 8:30 ET
    • Previously: Gladstone Land misses by $0.01, beats on revenue (May 2)
    • LAND flat after hours
    | Mon, May 2, 4:41 PM | 2 Comments
  • Mon, May 2, 4:26 PM
    • Gladstone Land (NASDAQ:LAND): Q1 EPS of $0.02 misses by $0.01.
    • Revenue of $3.68M (+39.9% Y/Y) beats by $0.01M.
    • Press Release
    | Mon, May 2, 4:26 PM
  • Tue, Apr. 12, 5:19 PM
    • Gladstone Land (NASDAQ:LAND) declares $0.04125/share monthly dividend, 3.2% increase from prior dividend of $0.04.
    • Forward yield 4.94%
    • Payable May 2; for shareholders of record April 22; ex-div April 20.
    • Payable May 31; for shareholders of record May 19; ex-div May 17.
    • Payable June 30; for shareholders of record June 17; ex-div June 15.
    | Tue, Apr. 12, 5:19 PM | 5 Comments
  • Tue, Apr. 5, 4:14 PM
    • The deal is for 453 acres of farmland in Fresno County, with pistachio trees ranging from 5-19 years old planted on 435 of those acres.
    • As part of the purchase, LAND entered into a sale-leaseback deal with the seller for a 10-year triple-net lease, plus a 5-year extension option.
    • The lease includes a variable component based on the farm's gross revenue.
    • Source: Press Release
    | Tue, Apr. 5, 4:14 PM | 2 Comments
  • Thu, Mar. 3, 5:12 PM
    • The company gets into the San Luis Valley, paying $19.3M in cash and about 746K operating partnership units for 6.19K acres of farmland in Saguache County. The OP units were valued at $8.85 each, for total consideration of about $25.9M.
    • The property consists of 39 pivot-irrigated fields, most of which are organic or undergoing conversion to organic. There's also a potato packing and storage facility and other farm-related buildings.
    • At closing, Gladstone (NASDAQ:LAND) entered into a sale-leaseback deal with Mountain Valley Produce.
    • The deal was financed with $15.5M of paper bearing interest at a fixed rate of 3.05%.
    • CEO David Gladstone: "Eat more potatoes!"
    • Source: Press Release
    | Thu, Mar. 3, 5:12 PM | 10 Comments
  • Tue, Feb. 23, 4:47 PM
    • Q4 adjusted FFO of $1.157M or $0.125 per share vs. $930.6K and $0.103 in Q3. Full-year AFFO per share of $.0398 vs. $0.36 in 2014.
    • Net asset value per share of $14.20 vs. $13.64 in Q3. The stock closed today at $8.24.
    • Occupancy rate of 100% flat from Q3. 16,810 acres owned up 13%. 43 farms owned vs. 41.
    • Conference call tomorrow at 8:30 ET
    • Previously: Gladstone Land beats by $0.01, misses on revenue (Feb. 23)
    • LAND flat after hours
    | Tue, Feb. 23, 4:47 PM | 1 Comment
  • Tue, Feb. 23, 4:36 PM
    • Gladstone Land (NASDAQ:LAND): Q4 FFO of $0.13 beats by $0.01.
    • Revenue of $3.41M (+45.1% Y/Y) misses by $0.02M.
    • Press Release
    | Tue, Feb. 23, 4:36 PM
  • Mon, Feb. 22, 12:39 PM
    • The three regions in which the company owns about 87% of its farmland were the three highest-performing regions in the U.S. last year, according to the National Council of Real Estate Investment Fiduciaries Farmland Property Index.
    • In spite of drought concerns, California led the way with total return of 18.47%. The Mountain region was second at 10.51%, and Southeast third at 10.18%. Gladstone (NASDAQ:LAND) has roughly 87% of its portfolio in these three regions. The company owns no farms in what's designated by the NCREIF as the Corn Belt (returns of 0.14% last year).
    • Source: Press release
    | Mon, Feb. 22, 12:39 PM | 4 Comments
  • Dec. 28, 2015, 1:11 PM
    • Gladstone Land (LAND +2.2%) has bought 1,239 acres near Wilcox, AZ for $5.7M. The land features 840 irrigated, farmable, acres, and is being sold by a tenant said to have "technologically-advanced farming operations across the country and a strong presence in the region."
    • The tenant has agreed to a 10-year, triple-net, lease featuring annual rent escalations and two 5-year extension options. CEO David Gladstone: "This investment allows us to continue to grow our asset base of high-quality, irrigated farmland that is rented to top-tier tenants. Our recent offering will allow us to acquire additional farms, which, through both income return and value appreciation, should result in investments that continue to be accretive to our bottom line and permit us to cover our distributions to stockholders."
    | Dec. 28, 2015, 1:11 PM | 13 Comments
  • Dec. 22, 2015, 12:47 PM
    • Gladstone Land (LAND +0.8%) earlier this month raised in the area of $8M with a somewhat-weakly received equity offering. The stock's off about 9% since.
    • CEO David Gladstone is a buyer though, picking up nearly 52K shares last week at prices ranging from $8.50-$8.55. His stake in the company is now about 1.93M shares.
    | Dec. 22, 2015, 12:47 PM
  • Dec. 11, 2015, 9:30 AM
    • The company sold 900K shares at a price of $8.82 each. The underwriter greenshoe is for another 135K shares at that price. The company had hoped to sell about 1.1M shares.
    • LAND -6.9% to $8.45.
    • Previously: Gladstone Land raising capital (Dec. 10)
    | Dec. 11, 2015, 9:30 AM
  • Dec. 11, 2015, 9:16 AM
    | Dec. 11, 2015, 9:16 AM
  • Dec. 10, 2015, 4:32 PM
    • The company hopes to sell about 1.1M shares in a secondary offering, with an underwriter greenshoe of roughly 165K shares.
    • LAND -1.5% after hours
    | Dec. 10, 2015, 4:32 PM
Company Description
Gladstone Land Corp. is a real estate investment trust. The company engages in owning and leasing of farmland. It specializes in purchasing farms and farm-related properties and leasing them to farmers. The company land acquires farmland that it rents to corporate and independent farmers on a... More
Sector: Financial
Industry: Real Estate Development
Country: United States