Gladstone Land Corp
NASDAQ:LAND
Intrinsic Value
Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. [ Read More ]
The intrinsic value of one LAND stock under the Base Case scenario is 36.1 USD. Compared to the current market price of 13.34 USD, Gladstone Land Corp is Undervalued by 63%.
Valuation Backtest
Gladstone Land Corp
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Fundamental Analysis
Company's Q4 Financial Performance Declines
2023-Q4 Earnings Call
In the fourth quarter, the company raised about $556,000 from Series E preferred stock sales. Net income was $1.8 million, while net loss to shareholders was $4.3 million. Annual net income reached $14.6 million, with a net loss to common shareholders of $9.9 million. Adjusted Funds From Operations (AFFO) declined QoQ to $5.4 million and YoY to $20.3 million. Dividends increased by $0.002 per share QoQ, and net asset value per share decreased to $19.06.
Balance Sheet Decomposition
Gladstone Land Corp
Current Assets | 18.6m |
Cash & Short-Term Investments | 18.6m |
Non-Current Assets | 1.4B |
Long-Term Investments | 5.8m |
PP&E | 1.2B |
Intangibles | 8.3m |
Other Non-Current Assets | 112.6m |
Current Liabilities | 14.7m |
Accounts Payable | 10.3m |
Accrued Liabilities | 568k |
Other Current Liabilities | 3.9m |
Non-Current Liabilities | 653m |
Long-Term Debt | 633.6m |
Other Non-Current Liabilities | 19.3m |
Earnings Waterfall
Gladstone Land Corp
Revenue
|
90.4m
USD
|
Cost of Revenue
|
-12.7m
USD
|
Gross Profit
|
77.7m
USD
|
Operating Expenses
|
-44.1m
USD
|
Operating Income
|
33.6m
USD
|
Other Expenses
|
-43.5m
USD
|
Net Income
|
-9.9m
USD
|
Free Cash Flow Analysis
Gladstone Land Corp
What is Free Cash Flow?
LAND Profitability Score
Profitability Due Diligence
Gladstone Land Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.
Score
Gladstone Land Corp's profitability score is 45/100. The higher the profitability score, the more profitable the company is.
LAND Solvency Score
Solvency Due Diligence
Gladstone Land Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Score
Gladstone Land Corp's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
LAND Price Targets Summary
Gladstone Land Corp
According to Wall Street analysts, the average 1-year price target for LAND is 18.19 USD with a low forecast of 16.16 USD and a high forecast of 21 USD.
Ownership
LAND Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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9 Months |
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12 Months |
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Shareholder Return
LAND Price
Gladstone Land Corp
Average Annual Return | 29.54% |
Standard Deviation of Annual Returns | 78.83% |
Max Drawdown | -68% |
Market Capitalization | 478.1m USD |
Shares Outstanding | 35 840 000 |
Percentage of Shares Shorted | 1.66% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Gladstone Land Corp. is an agricultural real estate investment trust, which engages in the business of owning and leasing farmland. The company is headquartered in Mc Lean, Virginia and currently employs 69 full-time employees. The company went IPO on 2013-01-29. The firm is engaged in the business of owning and leasing farmland. The company owns approximately 164 farms comprised of over 112,542 acres across 15 states in the United States, as well as several farm-related facilities. The firm's farms are 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, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards. The company also owns several farm-related facilities, such as cooling facilities, packinghouses, processing facilities, and various storage facilities. The firm is managed by its external adviser, Gladstone Management Corporation.
Contact
IPO
Employees
Officers
The intrinsic value of one LAND stock under the Base Case scenario is 36.1 USD.
Compared to the current market price of 13.34 USD, Gladstone Land Corp is Undervalued by 63%.