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NASDAQ: LAND
Gladstone Land Corp Stock

$13.18-0.02 (-0.15%)
Updated Jun 21, 2024
LAND Price
$13.18
Fair Value Price
N/A
Market Cap
$472.35M
52 Week Low
$12.31
52 Week High
$17.44
P/E
219.67x
P/B
0.65x
P/S
5.35x
PEG
1.05x
Dividend Yield
4.23%
Revenue
$89.45M
Earnings
$26.38M
Gross Margin
84%
Operating Margin
55.41%
Profit Margin
2.1%
Debt to Equity
0.89
Operating Cash Flow
$39M
Beta
0.81
Next Earnings
Aug 5, 2024
Ex-Dividend
Jun 18, 2024
Next Dividend
Jun 28, 2024

LAND Overview

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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.

Zen Score

Industry Average (33)
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Due Diligence Checks

LAND ($13.18) is trading above its intrinsic value of $4.74, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
LAND is poor value based on its earnings relative to its share price (219.67x), compared to the US market average (30.75x)
P/E vs Market Valuation
LAND is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more LAND due diligence checks available for Premium users.

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LAND News

Valuation

LAND price to earnings (PE)

For valuing profitable companies with steady earnings
Company
219.67x
Industry
51.21x
Market
30.75x
LAND is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
LAND is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

LAND price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.65x
Industry
6.05x
LAND is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

LAND price to earnings growth (PEG)

For valuing profitable companies with growth potential
LAND is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

LAND's financial health

Profit margin

Revenue
$20.3M
Net Income
$13.6M
Profit Margin
36.8%
LAND's Earnings (EBIT) of $49.57M... subscribe to Premium to read more.
Interest Coverage Financials
LAND's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$1.4B
Liabilities
$640.2M
Debt to equity
0.89
LAND's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
LAND's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$3.4M
Investing
$62.5M
Financing
-$33.0M
LAND's operating cash flow ($38.79M)... subscribe to Premium to read more.
Debt Coverage Financials

LAND vs Specialty REIT Stocks

TickerMarket Cap1d %P/EP/B
LAND$472.35M-0.15%219.67x0.65x
FPI$557.63M-0.77%21.05x1.09x
AFCG$257.93M-0.16%24.00x0.83x
UNIT$687.14M+1.42%-31.78x-0.28x
PW$2.40M-15.51%-0.14x0.12x

Gladstone Land Stock FAQ

What is Gladstone Land's quote symbol?

(NASDAQ: LAND) Gladstone Land trades on the NASDAQ under the ticker symbol LAND. Gladstone Land stock quotes can also be displayed as NASDAQ: LAND.

If you're new to stock investing, here's how to buy Gladstone Land stock.

What is the 52 week high and low for Gladstone Land (NASDAQ: LAND)?

(NASDAQ: LAND) Gladstone Land's 52-week high was $17.44, and its 52-week low was $12.31. It is currently -24.43% from its 52-week high and 7.07% from its 52-week low.

How much is Gladstone Land stock worth today?

(NASDAQ: LAND) Gladstone Land currently has 35,838,442 outstanding shares. With Gladstone Land stock trading at $13.18 per share, the total value of Gladstone Land stock (market capitalization) is $472.35M.

Gladstone Land stock was originally listed at a price of $15.00 in Jan 29, 2013. If you had invested in Gladstone Land stock at $15.00, your return over the last 11 years would have been -12.13%, for an annualized return of -1.17% (not including any dividends or dividend reinvestments).

How much is Gladstone Land's stock price per share?

(NASDAQ: LAND) Gladstone Land stock price per share is $13.18 today (as of Jun 21, 2024).

What is Gladstone Land's Market Cap?

(NASDAQ: LAND) Gladstone Land's market cap is $472.35M, as of Jun 24, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Gladstone Land's market cap is calculated by multiplying LAND's current stock price of $13.18 by LAND's total outstanding shares of 35,838,442.
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