Gladstone Land was founded in 1997 and is a publicly traded REIT that acquires and owns farmland. It leases properties to unrelated farmers and currently owns 169 farms across 15 states. The total value of its farmland holdings is approximately $1.6 billion. The companys farms are primarily located in areas where tenants grow annual row crops or permanent crops like orchards and vineyards. Around 40% of its fresh produce acreage is organic or transitioning to be organic, while over 10% of its permanent crop acreage is also organic. Gladstone Land pays monthly distributions to stockholders and has increased common distributions 32 times since 2013. The current per-share distribution on common stock is $0.0464 per month.
Indicator | Value |
---|---|
PER | 27.9 |
EV/EBITDA | 13.2 |
Price/Free Cash Flow' | 15.2 |
ROIC | 2.4% |
Net Debt/EBITDA | 7.6 |