LAND - Gladstone Land: Recent Real Estate Transaction Validates Portfolio Value

2024-02-06 01:32:43 ET

Summary

• Gladstone Land is a leading farmland-focused REIT.
• Owning farmland remains compelling due to low volatility, strong returns, and the potential for consolidation by institutional players.
• Farmland could serve as an effective hedge against climate change, as changes in climate are expected to increase crop prices and rental income for landowners.
• Despite LAND's languishing stock price, a recent transaction by Gladstone validates the portfolio's real estate value.

I have been a vocal supporter of Gladstone Land Corporation ( LAND ), having written several bullish articles on the REIT in the past few quarters. However, despite my bullishness, LAND's stock price has not reacted as expected, with the shares trading at essentially the same price since my last update in November and down 10% from when I initiated in May (Figure 1)....

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