Gladstone Land: A Unique REIT In An Overlooked Asset Class

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Obsidian Limited
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Summary

  • Gladstone Land Corporation is a farmland REIT with a diversified portfolio across the continental United States.
  • Gladstone has taken on an untraditional asset class benefitting from unusual growth drivers.
  • Shrinking supply and increasing institutional ownership create significant tailwinds for the REIT.
  • Recent acquisitions and a strong outlook have propelled LAND’s share price to new highs, stretching the valuation and dramatically compressing the dividend.
Tractor in field at sunrise

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Introduction

Gladstone Land Corporation (NASDAQ:LAND) is a unique REIT focused on farms across the United States. Farmland supply is decreasing in the United States despite a growing population and agricultural demand. LAND is uniquely positioned to capitalize on a differentiated asset

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Obsidian Limited profile picture
1.3K Followers
Obsidian Limited provides investors with income focused insights and research. We identify and cover opportunities across asset classes with a focus on appreciating cash flow.

Disclosure: I/we have a beneficial long position in the shares of O, VNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article is not to be considered investment advice. Research provided in this article is supportive of your own thorough and complete due diligence. Please consult your investment advisor on opportunities presented herein.

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