Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds [Seeking Alpha]
Gladstone Land Corporation (LAND)
Last gladstone land corporation earnings: 2/19 04:30 pm
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US:NASDAQ Investor Relations:
ir.gladstoneland.com
Company Research
Source: Seeking Alpha
The REIT remains AFFO positive, generating $5.4M AFFO in Q4 and $20.3M for the full year. The preferred shares of Gladstone Land offer a yield of 7.4% if redeemed in January 2026, or 8.3% if not called. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » 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 proposition of LANDM as the securities either get called by the end of January 2026, or the preferred dividend yield jumps to in excess of 8%. The REIT remains
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LAND
News
- Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024Accesswire
- How Much Upside is Left in Gladstone (LAND)? Wall Street Analysts Think 36.67% [Yahoo! Finance]Yahoo! Finance
- Invest Like Bill Gates With This Top Farmland REIT [Yahoo! Finance]Yahoo! Finance
- Gladstone Land Corporation (NASDAQ:LAND) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LAND
Earnings
- 2/20/24 - Miss
LAND
Sec Filings
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- 2/20/24 - Form 8-K
- LAND's page on the SEC website