Gladstone Land(LAND)

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Gladstone Land (LAND) Earnings Call Presentation
2025-07-02 19:29
农田资产与市场表现 - Gladstone Land目前拥有150个农场,总面积约为103,000英亩,水资源资产超过55,000英亩-英尺,农场可租赁面积占比为95.9%[10] - Gladstone Land专注于收购高价值农田,交易规模在200万到5000万美元之间,租赁期限一般为5到10年以上[43] - 美国农田的可耕地面积逐年减少,导致最肥沃农田的盈利能力提高[21] - Gladstone Land的农场主要集中在加利福尼亚州,拥有63个农场和34,845英亩的土地[51] - 截至2024年12月31日,公司的总农田价值约为34,000亿美元[68] - NCREIF农田指数的平均年回报率为11.0%,与MSCI美国REIT指数的11.6%和标准普尔500指数的9.4%相当[29] 财务表现 - 2025年第一季度净收入为15,108千美元,较2024年第一季度的13,567千美元增长11.4%[122] - 2025年第一季度每股稀释净收入为0.252美元,较2024年第一季度的0.208美元增长21.2%[122] - 2025年第一季度每股稀释FFO为0.059美元,较2024年第一季度的0.167美元下降64.7%[122] - 2025年第一季度每股稀释AFFO为0.056美元,较2024年第一季度的0.143美元下降60.8%[122] - 公司的农田租赁收入年增长率平均为2.5%[90] - 公司的占用率加权平均为99.6%,从未低于96.0%[88] 分配与债务结构 - 自2013年IPO以来,公司已连续147个月向普通股东和运营合伙人单位支付现金分配,总分配金额为每股7.32美元[76] - 当前每股现金分配年化为0.5604美元,月分配为0.0467美元[108] - 过去41个季度中,普通股的分配率已增加35次,总增幅为55.7%[108] - 变动利率债务占比为0.0%[94] - 固定利率债务占比为37.4%[94] - 优先股占比为31.1%[94] 未来展望 - 预计2025年租赁收入将更倾向于第四季度,而非以往的均匀分布[75] - 预计2025年将有8.7%的基础租赁收入到期[82] - 截至2025年3月31日,公司的加权平均剩余租期为6.7年[83] - 公司的加权平均有效利率为3.41%,固定期限为3.5年[84]
Gladstone Land: I'm Not Comfortable Investing In This Farmland REIT, Despite The 5.7% Dividend Yield
Seeking Alpha· 2025-06-11 21:05
The Gladstone Land stock (NASDAQ: LAND ) is, in my view, a moderate investment choice. Despite the fact that it could be part of a dividend income portfolio, it ultimately falls short, and as we will see in the analysis below, there are much betterMr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) to control the risk undertaken by t ...
SEALSQ Extends Relationship with Landis+Gyr to Offer Utilities Enhanced PKI Services for AMI Network and Meter Security
Globenewswire· 2025-06-11 20:30
Geneva, Switzerland, June 11, 2025 (GLOBE NEWSWIRE) -- SEALSQ's advanced Public Key Infrastructure (PKI) tool, INeS, was selected by Landis+Gyr to provide 30 million digital certificates for smart meters being deployed in the Asia Pacific region starting this summer About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and c ...
Is the Options Market Predicting a Spike in Gladstone Land Stock?
ZACKS· 2025-06-09 21:35
Investors in Gladstone Land Corporation (LAND) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 15, 2025 $2.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...
Landsvirkjun’s first quarter results
Globenewswire· 2025-05-20 21:51
Solid operations in challenging weather conditions • Landsvirkjun‘s profit from core operations for the first quarter of the year amounted to USD 91 million and cash flow from operations USD 104 million. • The Company’s financial position has never been stronger, the equity ratio is 67% and the net debt to EBITDA ratio is 1.4×. • Operating revenues increased compared with the same period of the prior year after a downturn following the record year 2023. Hörður Arnarson, CEO: „Following a temporary downturn ...
Landsvirkjun Successfully Issues Green Bonds in the U.S. Market
Globenewswire· 2025-05-16 00:05
Landsvirkjun has today successfully issued green bonds in the U.S. private placement market, totalling USD 150 million. The original issuance target was USD 125 million, but strong investor interest led to the offering being upsized and closed at USD 150 million. The bonds mature in 6 and 8 years and were issued in three tranches. Two tranches carry fixed interest rates of 5.17% and 5.37%, respectively, corresponding to a spread of 115–125 basis points over U.S. Treasury bonds. The third tranche carries a ...
Gladstone Land Corporation (LAND) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-13 22:44
Gladstone Land Corporation (NASDAQ:LAND) Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET Company Participants David Gladstone - CEO & President Michael LiCalsi - General Counsel Lewis Parrish - CFO Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery Scott John Massocca - B. Riley Securities Operator Greetings and welcome to the Gladstone Land Corporation’s First Quarter Earnings Call. At this time, all participants are in a listen-only mode. A ques ...
Gladstone Land(LAND) - 2025 Q1 - Earnings Call Transcript
2025-05-13 21:32
Gladstone Land (LAND) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Company Participants David Gladstone - Founder, Chairman, CEO & PresidentMichael Licalsi - General Counsel & SecretaryLewis Parrish - CFO & Assistant TreasurerGaurav Mehta - Managing DirectorRob Stevenson - Managing Director - Head of Real Estate Research Conference Call Participants John Massocca - Senior Research Analyst Operator and welcome to the Gladstone Land Corporation First Quarter Earnings Call. At this time, all participants are ...
Gladstone Land(LAND) - 2025 Q1 - Earnings Call Transcript
2025-05-13 21:30
Gladstone Land (LAND) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 and welcome to the Gladstone Land Corporation First Quarter Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce David Gladstone, Chief Executive Officer and President. Please go ahead. Speaker1 Okay, Paul. Thank you for that nice introduction. And this is David ...
Gladstone Land (LAND) Q1 FFO and Revenues Beat Estimates
ZACKS· 2025-05-13 06:30
Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to FFO of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 86.67%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.11 per share when it actually produced FFO of $0.09, delivering a surprise of -18. ...