LAND - Gladstone Land: Solid Fundamentals Masked By Macro Challenges

2024-06-13 23:32:21 ET

Summary

• Gladstone Land has a dividend yield of 4.3%, paid out to shareholders on a monthly basis.
• LAND stock owns and leases farmlands across the US.
• The REIT's solid portfolio mix and fundamentals have been impacted by macro challenges such as higher interest rates and rising costs for tenants.
• LAND operates on a triple net lease basis, which passes along most of the operating costs to the tenant and increases profit margins for the REIT.

Overview

Real Estate Investment Trusts unlock the ability to gain exposure to an avenue of investments that wouldn't typically be accessible through traditional means. I live in the suburbs, a short commute outside of NYC, and there isn't exactly an abundance of farmlands around me. Gladstone Land ( LAND ) is a REIT that makes it possible to gain exposure to its portfolio of farmlands across the USA. The company owns and operates different farms and farm related properties and then leases those properties to individual farmers. The company has a wide range of properties across the US....

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