Gladstone Land Corporation (LAND)
NASDAQ (NMS) 
Gladstone Land Announces Updated Monthly Cash Distribution Dates for July, August and September 2024 For its Series E Preferred Stock
MCLEAN, VA / ACCESSWIRE / July 25, 2024 / Updating the Series E Preferred Stock Record Dates and Payment Dates. Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today corrected record and payment dates for the cash distributions for its Series E Preferred Stock for each of July, August and September 2024.
Gladstone Land REIT Is Stagflation-Resilient
Gladstone Land REIT offers growth potential within the context of a broader market environment, which is arguably overvalued. REIT owns over 115,000 acres, mainly in California, with sustainable revenue and manageable debt. Farmland values may beat inflation in a stagflationary economic environment, with the potential for continued appreciation due to supply/demand factors.
Gladstone Land Offers A 6.65-7% Yield (To Maturity) On Its Preferred Equity
Gladstone Land is a REIT focusing on farmland leasing. Preferred dividends are well covered and the balance sheet is strong with high equity to assets ratio. Series D preferred shares offer a potential yield of 6.65% if called in January 2026.
Gladstone Land: Solid Fundamentals Masked By Macro Challenges
Gladstone Land has a dividend yield of 4.3%, paid out to shareholders on a monthly basis. LAND stock owns and leases farmlands across the US. The REIT's solid portfolio mix and fundamentals have been impacted by macro challenges such as higher interest rates and rising costs for tenants.
Landsec incurs losses from write down in property values
Central London-focused real estate group Land Securities Group PLC (LSE:LAND)'s annual earnings from rental income stood at £371 million, a decrease from £393 million in 2023, while earnings per share (EPS) remained stable at 50.1 pence. Despite these earnings, Landsec reported a loss before tax of £341 million due to a valuation deficit of £625 million.
