Gladstone Land is a farmland REIT focused on fresh produce and permanent crops farmland, primarily in California and Colorado. Preferred dividends exhibited good coverage by AFFO in 2024, with recent land sales likely to improve the REIT's liquidity. This should allow for a continuation of the preferred share repurchase program.
High Yield Investor's Samuel Smith and Scott Kaufman from High Dividend Opportunities discuss why preferred shares and baby bonds are compelling for investors. Key picks for preferreds and baby bonds.
If you love the idea of getting paid every month just for buying and holding stocks, you've come to the right place.
Gladstone Land Corporation focuses on acquiring U.S. farmland but faces challenges due to low economic yield and high financing costs. LAND's share price has declined by over 50% despite stable underlying business, reflecting market sentiment shifts and valuation concerns. Farmland's low productivity and high operational expenses strain LAND's tenants, impacting lease agreements and investor returns.
Gladstone Land's Q4-2024 performance was disappointing, with a 37% decline in FFO. We value the company primarily via NAV, as farmland is not the best cash flow generator. We like the preferred shares, but we are upgrading the common as well now.
The consensus price target hints at a 29.6% upside potential for Gladstone (LAND). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to FFO of $0.15 per share a year ago.
Gladstone (LAND) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Blue-chip real estate trust Land Securities Group PLC (LSE:LAND) has increased the size of its shopping centre footprint through the acquisition of a 92% stake in Liverpool ONE for nearly half a billion pounds. According to LandSec's metrics, the company now owns seven of the top-30 shopping centres in the UK.
Gladstone Land's shift to crop-sharing leases will reduce base rent income in the short term and may boost future profitability. Preferred shares offer better value and safety compared to common shares, with dividends well covered despite high payout ratios. The REIT's balance sheet is improving, but farmland value declines have impacted NAV, making preferred shares more attractive.
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024.
FTSE 100-listed real estate investment trust Land Securities Group PLC (LSE:LAND) improved its return on equity in the six months ending 30 September, although this key performance metric remains significantly below target. LandSec delivered a 3.9% total return on equity, which represents the profitability for shareholders' contributions, in the period.