Gladstone Land Corporation

LAND

US3765491010

Specialized REITs

Market Closed - Nasdaq Other stock markets 01:30:01 01/06/2024 am IST			5-day change	1st Jan Change
13.52 ^USD	+1.77%		+1.46%	-6.47%

15/05	Oppenheimer Adjusts Price Target on Gladstone Land to $16 From $20, Keeps Outperform Rating	MT
14/05	B. Riley Adjusts Price Target on Gladstone Land to $14 From $16, Keeps Neutral Rating	MT

Gladstone Land Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 01:36 am IST

Gladstone Land Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 19.83 million compared to USD 21.2 million a year ago. Revenue was USD 20.25 million compared to USD 21.2 million a year ago.

Net income was USD 13.57 million compared to USD 1.75 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.12 a year ago.

Latest news about Gladstone Land Corporation

Oppenheimer Adjusts Price Target on Gladstone Land to $16 From $20, Keeps Outperform Rating	15/05	MT
B. Riley Adjusts Price Target on Gladstone Land to $14 From $16, Keeps Neutral Rating	14/05	MT
Transcript : Gladstone Land Corporation, Q1 2024 Earnings Call, May 08, 2024	08/05
Gladstone Land Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	08/05	CI
Transcript : Gladstone Land Corporation, Q4 2023 Earnings Call, Feb 21, 2024	21/02
Gladstone Land Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	21/02	CI
Gladstone Land Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	21/02	CI
Gladstone Land Completes $65.7 Million Sale of Farm in Florida	17/01	MT
Investment funds stocking up on US farmland in safe-haven bet	16/11	RE
Transcript : Gladstone Land Corporation, Q3 2023 Earnings Call, Nov 08, 2023	08/11
Gladstone Land Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	08/11	CI
Gladstone Land Raises Quarterly Cash Distribution to $0.1392 a Share	11/23/11	MT
Transcript : Gladstone Land Corporation, Q2 2023 Earnings Call, Aug 08, 2023	08/23/08
Gladstone Land Corporation Announces Monthly Distribution for Each of July, August, and September of 2023	08/23/08	CI
Gladstone Land Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	08/23/08	CI
Gladstone Land Lifts Monthly Common Stock Distributions to $0.0462/Share Each During Q3 From $0.046/Share Each in Q2	12/23/12	MT
Echoes of 2008	05/23/05
ANALYST RECOMMENDATIONS : Anglo American, Gladstone, GSK, Netflix...	05/23/05
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 3000E Growth Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 3000 Growth Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell Microcap Growth Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 2000 Growth-Defensive Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 2500 Growth Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell Small Cap Comp Growth Index	23/23/23	CI
Gladstone Land Corporation(NasdaqGM:LAND) dropped from Russell 2000 Growth Index	23/23/23	CI

Chart Gladstone Land Corporation

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Company Profile

Gladstone Land Corporation is a real estate investment trust that acquires and owns farmland and farm-related properties located in various agricultural markets in the United States. The Company owns around 168 farms, comprised of 112,000 acres in 15 different states and 46,400 acre-feet of water assets in California. Its farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables. It 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. Approximately 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 20% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities and processing buildings, among others. Its adviser is Gladstone Management Corporation.

Sector

Specialized REITs

Calendar

07/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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Ratings for Gladstone Land Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.5 USD

Average target price

15.2 USD

Spread / Average Target

+12.59%

Consensus

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