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Gladstone Land (LAND)
NASDAQ:LAND
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.22Last Year’s EPS
0.21Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 1.30%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful sales and increased participation rents, which were offset by decreased fixed base rents, declining operating income, and tenant issues affecting net asset value. The overall sentiment reflects a cautious outlook with a focus on restructuring lease agreements for future gains.Company Guidance
During the call, Gladstone Land Corporation provided guidance on various financial metrics and operational strategies for 2024. The company reported adjusted funds from operations (AFFO) of approximately $16.7 million for 2024, compared to $20.3 million in 2023, with a per-share AFFO of $0.47 versus $0.57 in the previous year. Dividends declared per share were $0.56 in 2024, slightly up from $0.55 in 2023. The company highlighted the impact of recent lease structure changes, noting a decrease in fixed base cash rents by $9.7 million annually, offset by a rise in participation rents to $9.4 million in 2024, up from $5.9 million in 2023. The net asset value per common share decreased to $14.91 as of December 31, down from $15.57 at the end of the third quarter, largely due to revaluations of certain permanent crop farms. The company also highlighted its cautious investment approach due to high capital costs and its strategy to adjust lease structures to include higher participation rent components.Increased Participation Rents
During the fourth quarter, participation rents increased to approximately $4.8 million from $3.3 million in the prior year quarter, and for the year, participation rents increased to $9.4 million from $5.9 million last year.
Successful Farmland Sales
The company sold five farms in Florida at a 40% premium over the purchase price after 6.5 years and two Midwest farms for a 9% gain over the purchase price.
Cash Reserves and Liquidity
The company has over $195 million in capital access, including $50 million in cash on hand, and nearly $150 million in unpledged properties.
Steady Row Crop Performance
Renewed 12 leases on annual row crops expected to result in a 14% increase in annual net operating income, contributing to a $556,000 increase.
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LAND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LAND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $11.52 | $11.67 | +1.30% |
| Nov 06, 2024 | $13.36 | $13.43 | +0.52% |
| Aug 08, 2024 | $13.60 | $13.42 | -1.32% |
| May 07, 2024 | $12.57 | $12.74 | +1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gladstone Land (LAND) report earnings?
Gladstone Land (LAND) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Gladstone Land (LAND) earnings time?
Gladstone Land (LAND) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAND EPS forecast?
LAND EPS forecast for the fiscal quarter 2025 (Q1) is -0.22.
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