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Nelson Rodrigues
Apr 22, 2022 12:52PM ET
Land is the future
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12.69
+0.30
+2.42%
After Hours
12.74
+0.05
+0.39%
19:44:14 - Real-time Data
Type:
Equity
Market:
United States
- Volume: 163,020
- Bid/Ask: 12.58 / 12.74
- Day's Range: 12.36 - 12.70
Gladstone Land
12.69
+0.30
+2.42%
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Gladstone Land Corporation Company Profile
Get an in-depth profile of Gladstone Land Corporation, including a general overview of the company's business and key management, as well as employee data and location and contact information.
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land's farms are predominantly 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. The Company 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, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
Contact Information
Address
1521 Westbranch Drive Suite 100
McLean, 22102-3211
United States
McLean, 22102-3211
United States
Phone
703 287 5800
Fax
703 287 5899
Top Executives
| Name | Age | Since | Title |
|---|---|---|---|
| John H. Outland | 78 | 2013 | Independent Director |
| Anthony W. Parker | 78 | 2013 | Independent Director |
| Michela A. English | 73 | 2013 | Independent Director |
| Walter H. Wilkinson | 77 | 2014 | Independent Director |
| Paul W. Adelgren | 80 | 2013 | Independent Lead Director |
| Paula Novara | 54 | 1997 | Head of Resource Management & Director |
| David John Gladstone | 82 | 1997 | Founder, Chairman, CEO & President |
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Comment Guidelines
Carlos Amieva
Dec 28, 2021 5:32AM ET
As Bill Gates and Warren Buffet said, this kind of Land Lord companies are the new Gold.
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Warren Smith
Nov 06, 2021 1:23AM ET
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.
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Liam Rr
Jan 15, 2021 12:34PM ET
People need to eat 🤷
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