- Gladstone Land reported reasonably solid results, although the lack of participatory rent did reduce its revenues QoQ.
- The trust will likely deliver some slight growth over the next few quarters due to some lease renewals.
- The trust is not a particularly good way to hedge yourself against food price inflation but farmland still belongs in your portfolio.
- The 1.92% distribution yield is easily sustainable as the trust is generating more than sufficient cash.
- The trust is substantially overvalued at the current price and it may make sense to wait a bit for it to come down.
For further details see:
Gladstone Land: Good Results, Good Potential, But Overpriced