Gladstone Land Corporation (LAND)

NASDAQ
18.10
+0.47(+2.67%)
After Hours
18.49
+0.39(+2.15%)
- Real-time Data
  • Volume:
    230,749
  • Day's Range:
    17.73 - 18.33
  • 52 wk Range:
    17.31 - 42.10

LAND Overview

Prev. Close
17.63
Day's Range
17.73-18.33
Revenue
82.62M
Open
17.75
52 wk Range
17.31-42.1
EPS
-0.289
Volume
230,749
Market Cap
624.81M
Dividend (Yield)
0.5472
(3.02%)
Average Vol. (3m)
258,475
P/E Ratio
-86.04
Beta
0.796
1-Year Change
-20.51%
Shares Outstanding
34,520,068
Next Earnings Date
Feb 21, 2023
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Gladstone Land Corporation Analysis

Gladstone Land Corporation Company Profile

Gladstone Land Corporation Company Profile

Gladstone Land Corp is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. It owns approximately 164 farms comprised of over 112,542 acres across 15 states in the United States, as well as several farm-related facilities. The Company's farms are located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. It also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards. It also owns several farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The Company is managed by its external adviser, Gladstone Management Corporation.

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Technical Summary

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  • Land is the future
    0
    • As Bill Gates and Warren Buffet said, this kind of Land Lord companies are the new Gold.
      0
      • The analyst's have been wrong for quite some time. Perhaps they are comparing it to a manufacturing company, or perhaps an apartment REIT. This trips up normally smart people, because one can compare balance sheets and cash flows of say an apartment REIT and side by side to say a LAND, they simply don't understand they are two different animals. An apartment building will deteriorate over 20 years. Will require considerable maintenance and capital expenditures. LAND and farms, do not depreciate like an older property. My contention is LAND should at least sell for same premium to book value which is around 2.25X's book. So fair value is maybe $35 a share ? From there I say LAND deserves a higher premium then average book value. So today if I could buy entire company for a $1Billion, I think it would be a good deal. Today the market only values it at $800Million, so -$200,000,000 undervalued or more. And if you wait and buy at $31-35 a share, you still could outperform property market.
        0
        • People need to eat 🤷
          0