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Gladstone Land (LAND) Lags Q1 FFO and Revenue Estimates
Zacks Investment Research· 2024-05-07 22:31
Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -4.67%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.18 per share when it actually produced FFO of $0.15, delivering a surprise of -16. ...
Gladstone Land(LAND) - 2024 Q1 - Quarterly Results
2024-05-07 20:08
EXHIBIT 99.1 Gladstone Land Announces First Quarter 2024 Results Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. McLean, VA, May 7, 2024: Gladstone Land Corporation (Nasdaq: LAND) ("Gladstone Land" or the "Company") today reported financial results for the first quarter ended March 31, 2024. A description of funds from operations ("FFO"), core FFO ("CFFO"), adjusted FFO ("AFFO"), and net asset value ("NA ...
Gladstone Land(LAND) - 2024 Q1 - Quarterly Report
2024-05-07 20:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in it ...
Wall Street Analysts Predict a 32.47% Upside in Gladstone (LAND): Here's What You Should Know
Zacks Investment Research· 2024-04-10 14:56
Gladstone Land (LAND) closed the last trading session at $13.46, gaining 2.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.83 indicates a 32.5% upside potential.The average comprises six short-term price targets ranging from a low of $16 to a high of $20, with a standard deviation of $2.04. While the lowest estimate indicates an increase of 18.9% from the current price level ...
Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds
Seeking Alpha· 2024-03-30 15:40
ligora/iStock via Getty Images Introduction As explained in a previous article, the business model of Gladstone Land (NASDAQ:LAND) is very straightforward: the REIT owns farmland and leases it to farmers. It is not exposed to successful or disappointing harvests other than the impact it has on the tenants. At the end of 2023, Gladstone Land owned almost 112,000 acres across 168 farms in 15 states. I am still very interested in the REIT’s preferred shares and I am particularly intrigued by the value prop ...
How Much Upside is Left in Gladstone (LAND)? Wall Street Analysts Think 36.67%
Zacks Investment Research· 2024-03-22 14:55
Gladstone Land (LAND) closed the last trading session at $13.17, gaining 1.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $18 indicates a 36.7% upside potential.The mean estimate comprises six short-term price targets with a standard deviation of $1.90. While the lowest estimate of $16 indicates a 21.5% increase from the current price level, the most optimistic analyst expects ...
Agricultural advancements: The farmland REIT sowing seeds for solid returns
Finbold· 2024-03-20 11:55
In the pursuit of financial freedom, passive income stands as a beacon of hope. The ability to generate income without active involvement opens doors to independence, allowing individuals to steer away from the traditional grind of a 9-to-5 job and pursue endeavors that truly fulfill them.Among the avenues available for passive income, investing in dividend stocks emerges as a straightforward strategy, offering regular payouts to investors. One such avenue, Gladstone Land (NASDAQ: LAND), presents an intrigu ...
Gladstone Land(LAND) - 2023 Q4 - Earnings Call Transcript
2024-02-21 15:32
Gladstone Land Corporation (NASDAQ:LAND) Q4 2023 Earnings Call Transcript February 21, 2024 8:30 AM ET Company Participants David Gladstone - CEO & President Michael LiCalsi - General Counsel Lewis Parrish - CFO Conference Call Participants Rob Stevenson - Janney Montgomery Scott Mike Albanese - EF Hutton Barry Oxford - Colliers Michael Diana - Maxim Group Operator Greetings. Welcome to Gladstone Land Corporation's Year-End and Fourth Quarter Earnings Call. At this time, all participants are in a listen-onl ...
Gladstone Land (LAND) Q4 FFO Miss Estimates
Zacks Investment Research· 2024-02-20 23:36
分组1 - Gladstone Land reported quarterly funds from operations (FFO) of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share, and down from $0.20 per share a year ago, representing an FFO surprise of -16.11% [1] - The company posted revenues of $24.45 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 1.63%, but down from $24.79 million year-over-year [1] - Over the last four quarters, Gladstone has not surpassed consensus FFO estimates, but has topped consensus revenue estimates three times [1] 分组2 - The stock has underperformed, losing about 6.6% since the beginning of the year compared to the S&P 500's gain of 4.9% [2] - The current consensus FFO estimate for the coming quarter is $0.15 on $21.44 million in revenues, and $0.63 on $89.89 million in revenues for the current fiscal year [4] - The Zacks Industry Rank for REIT and Equity Trust - Other is in the top 44% of over 250 Zacks industries, indicating a favorable outlook for the industry [5]
Gladstone Land(LAND) - 2023 Q4 - Annual Report
2024-02-19 16:00
Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in its char ...