Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.

Gladstone Land Corporation

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.16 per share, beating the Zacks Consensus Estimate of $3.12 per share. This compares to FFO of $3.29 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 1.28%. A quarter ago, it was expected that this communications tower operator would post FFO of $3.37 per share when it actually produced FFO of $3.47, delivering a surprise of 2.97%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
SBA Communications, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $664.25 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.10%. This compares to year-ago revenues of $657.86 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
SBA Communications shares have added about 9% since the beginning of the year versus the S&P 500's decline of -6.1%.
What's Next for SBA Communications?
While SBA Communications has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SBA Communications: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $3.08 on $658.24 million in revenues for the coming quarter and $12.67 on $2.71 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Gladstone Land (LAND), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 12.
This real estate investment trust specializing in farmland is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -57.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Gladstone Land's revenues are expected to be $16.19 million, down 20.1% from the year-ago quarter.
Should You Invest in SBA Communications Corporation (SBAC)?
Before you invest in SBA Communications Corporation (SBAC), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SBA Communications Corporation (SBAC) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SBA Communications (SBAC) Surpasses Q1 FFO and Revenue Estimates

Equinix EQIX is well-poised to benefit from the robust data center demand. Its recurring revenue model and strategic expansions are encouraging. A solid balance sheet provides financial flexibility. Regular dividend payouts result in shareholder wealth creation.
However, competition from other data centers, which leads to aggressive pricing policies, is a key concern for Equinix. High interest expenses add to its woes.
What’s Aiding Equinix Stock?
The demand for high-performing data centers will escalate in the years to come with the exponential rise in data traffic, which will require enterprises to engage data-center service providers such as Equinix. Therefore, the increasing total addressable market for data centers provides an immense growth opportunity for Equinix. Management expects total revenues to increase 3-4% in 2025 from the previous year.
Equinix is likely to benefit from favorable operating leverage. Its business generates a substantial portion of monthly recurring revenue bookings (greater than 90% of total revenues in the last three years) from existing customers, contributing to its revenue growth. The company generated 36% of the recurring revenues from its 50 largest customers in 2024. We estimate recurring revenues to increase by 3% and 5.9% in 2025 and 2026, respectively, on a year-over-year basis.
Equinix continues to focus on acquisitions and developments to expand its data center capacity in key markets and strengthen its competitive positioning and global reach. In February 2025, the company opened its first International Business Exchange data center in Jakarta, Indonesia, to meet the increasing digital infrastructure and connectivity needs in Southeast Asia. In November 2024, it announced its plans to establish its sixth data center in Singapore, with an initial investment of $260 million. As of Feb. 12, 2025, it had 62 major builds underway across 36 markets in 25 countries, including 16 xScale builds. This represents approximately 34,000 cabinets of retail capacity and 165 megawatts of xScale capacity, which will be delivered through to the end of 2026.
Equinix’s robust balance sheet position enables it to capitalize on long-term growth opportunities. As of Dec. 31, 2024, the company’s liquidity totaled $7.5 billion. Moreover, it enjoyed investment-grade credit ratings of Baa2 from Moody’s, BBB rating from S&P Global Ratings and BBB+ from Fitch Ratings as of the end of the fourth quarter of 2024, rendering it favorable access to the debt market.
Solid dividend payouts remain the biggest attraction for REIT investors, and Equinix has remained committed to that. It has increased its dividend five times in the last five years, and its five-year annualized dividend growth rate is 12.14%. Given a robust operating platform, our year-over-year growth projection of 8.7% for 2025 adjusted funds from operations and a healthy financial position, its dividend distribution is expected to be sustainable over the long run. Check Equinix’s dividend history here.
What’s Hurting Equinix Stock?
However, Equinix competes with data centers operated by established communications carriers and REITs. In addition to competing with neutral colocation providers, the company competes with traditional colocation providers, Internet service providers and Web-hosting facilities.
Considering the strong growth potential, competition is expected to increase from existing players and the entry of new players into the space. The increased competition is likely to lead to aggressive pricing policies, making Equinix vulnerable to pricing pressure.
Despite the Federal Reserve announcing rate cuts in the second half of 2024, the interest rate is still high and is a concern for Equinix. As of Dec. 31, 2024, Equinix’s total debt principal outstanding was nearly $17.61 billion. Our estimate indicates a year-over-year increase of 6% in the company’s 2025 interest expense.
In the past six months, shares of this Zacks Rank #3 (Hold) company have declined 2.3% compared with the real estate market’s decline of 6.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land LAND and Cousins Properties CUZ, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Cousins Properties’ full-year FFO per share is $2.79, which indicates an increase of 3.7% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Equinix, Inc. (EQIX) : Free Stock Analysis Report
Cousins Properties Incorporated (CUZ) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is it Wise to Retain Equinix Stock in Your Portfolio Now?

Digital Realty DLR has forayed into the Indonesian market through a 50-50 joint venture with Bersama Digital Infrastructure Asia (BDIA). The newly formed entity, Digital Realty Bersama, will develop and operate data centers across Indonesia, enhancing the company's presence in the rapidly growing Asia-Pacific region. This expansion significantly strengthens Digital Realty’s PlatformDIGITAL footprint, supporting Indonesia’s accelerating digital economy.
Digital Realty Bersama combines Digital Realty’s global expertise with BDIA’s local market knowledge and network capabilities. BDIA’s carrier-neutral data center platform, Bersama Digital Data Centres (“BDDC”), has been contributed to the JV, which will now operate as Digital Realty Bersama.
Indonesia’s digital landscape is poised for exponential growth, fueled by a young, tech-savvy population and increasing demand for cloud computing and AI-powered infrastructure. According to Structure Research, the Jakarta colocation market is expected to generate $499 million in 2025, with a five-year CAGR of 11%.
Recognizing this potential, Digital Realty has committed approximately $100 million for a 50% stake in the data centers and adjacent land, solidifying its position in one of Southeast Asia’s promising data center markets. Apart from its equity interest, DLR will receive property management and development fees from the JV.
Digital Realty Bersama
BDDC’s experienced leadership team, including CEO Angelo Syailendra and Chairman Setyanto Hantoro, will continue to oversee operations, with Krishna Worotikan, former Country Chief Financial Officer of Microsoft Indonesia, joining as CFO.
Digital Realty Bersama owns and operates a connected campus featuring two high-performance data centers — CGK10 in West Jakarta and CGK11 in Central Jakarta. CGK11, a newly launched state-of-the-art facility, initially offers 5 MW of IT load capacity, with plans to scale up to 32 MW.
Positioned strategically in Jakarta’s central business district, CGK11 is designed to serve as a key connectivity hub, providing direct access to a vast array of networks and services throughout Indonesia as well as a direct connection to the Association of Indonesian Internet Service Providers (APJII). Moreover, Digital Realty's service orchestration platform, ServiceFabric, will supplement connectivity and optimize hybrid IT workflows and AI workloads for enterprises.
Final Words on Digital Realty
Digital Realty’s strategic push into Indonesia reinforces its global growth trajectory, diversifying its portfolio while tapping into an underserved yet high-growth market. With growing digital transformation, cloud computing and the proliferation of artificial intelligence, the company is well-poised to gain from an unmatched global footprint of data centers. Its services, like PlatformDIGITAL, are likely to provide its tenants with a seamless experience. A solid tenant base assures stable revenues.
The accretive buyouts and investments in land and infrastructure globally and a robust development pipeline bode well for long-term growth. A healthy balance sheet position, with a well-laddered debt maturity schedule, is likely to aid future endeavors. However, intense competition from other industry players leads to aggressive pricing pressure, weighing its profitability.
Shares of this Zacks Rank #3 (Hold) company have declined 16.7% over the past three months against the industry’s growth of 4.9%. However, DLR has a long-term growth rate of 8.2%, ahead of the industry’s average of 6.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land LAND and Sabra Healthcare REIT SBRA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Sabra’s full-year FFO per share stands at $1.49, which calls for an increase of 3.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Digital Realty Forays Into Indonesia With Strategic Joint Venture

SBA Communications' SBAC portfolio is well-positioned to gain from wireless carriers’ high capital spending for network expansion amid growth in mobile data usage. The long-term leases with its tenants assure stable revenues. Also, portfolio expansion moves, domestically and internationally, are encouraging.
Analysts seem positive about this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for SBAC’s 2025 and 2026 funds from operations (FFO) per share has moved marginally northward over the past two months to $12.91 and $13.32, respectively.
Shares of this communications real estate investment trust (REIT) company have gained 9.5% so far in the year, outperforming the industry’s rise of 4.5%. Given the strength of its fundamentals, there seems to be additional room for growth.
Image Source: Zacks Investment Research
Factors That Make SBA Communications Stock a Solid Pick
Robust Market Demand: The advancement in mobile technology, such as 4G and 5G networks, and the proliferation of bandwidth-intensive applications have propelled growth in mobile data usage globally. With increasing smartphone adoption, greater broadband demand and plans for 5G service worldwide, wireless service providers and carriers have been deploying additional equipment for existing networks to enhance network coverage and capacity. This has been spurring the demand for SBA Communications’ wireless communications infrastructure.
Resilient Business Model: SBA Communications has a resilient and stable site-leasing business model. The company generates most of its revenues from long-term (typically five to 10 year) tower leases that have built-in rent escalators. With high operating margins, its tower-leasing business remains attractive. Wireless service providers continue to lease additional antenna space on the company’s towers amid the increase in network use, data transfer, network expansion and network coverage requirements.
During 2025, management expects organic site leasing revenues in both its domestic and international segments to increase over 2024 levels on a currency-neutral basis. This is due in part to wireless carriers deploying unused spectrum, and revenues from towers acquired and built during 2024 and expected to be acquired and built during 2025.
Expansion Efforts: As the company continues to expand its tower portfolio and seek new growth opportunities, it focuses on business expansion into domestic and select international markets with high growth characteristics. In 2024, the company acquired 186 towers and related assets and built 482 towers. Additionally, SBA Communications spent $14.3 million to purchase land and easements and to extend its lease terms during the fourth quarter of 2024.
Following the fourth quarter of 2024, along with more than Millicom’s 7,000 sites under contract, SBA Communications purchased or is under contract to buy 32 communication sites for a total consideration of $14.6 million in cash. Such portfolio expansion efforts will position SBA Communications to leverage secular trends in mobile data usage and wireless spending growth across the globe.
Dividend Payment: Solid dividend payouts are arguably the biggest enticements for REIT shareholders and SBA Communications remains committed to that. In February 2025, the REIT announced a quarterly cash dividend of $1.11 per share on its Class A common stock, indicating an increase of nearly 13% from the prior quarter. The company has increased its dividend five times in the last five years, and its five-year annualized dividend growth rate is 19.75%. Given SBAC’s solid operating platform, decent financial position and a lower-than-industry dividend payout rate, the dividend distribution is expected to be sustainable over the long run.
Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are Gladstone Land LAND and Sabra Healthcare REIT SBRA, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Sabra’s full-year FFO per share stands at $1.49, which calls for an increase of 3.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SBA Communications Corporation (SBAC) : Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why You Should Add SBA Communications Stock to Your Portfolio

On 3/19/25, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 3/31/25. As a percentage of LANDP's recent share price of $20.21, this dividend works out to approximately 0.62%, so look for shares of LANDP to trade 0.62% lower — all else being equal — when LANDP shares open for trading on 3/19/25. On an annualized basis, the current yield is approximately 7.44%, which compares to an average yield of 7.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of LANDP shares, versus LAND:
Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Monday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently up about 0.2% on the day, while the common shares (Symbol: LAND) are up about 0.7%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
Dow Component Preferreds
Top Ten Hedge Funds Holding TPLE
ANGL YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Div Reminder for Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock

Delighting its shareholders, American Tower Corporation AMT announced a 4.9% hike in its quarterly dividend on the company’s common stock to $1.70 per share from $1.62 paid out earlier. The raised dividend is scheduled to be paid out on April 28 to shareholders of record as of April 11, 2025.
Based on the new rate, the annualized dividend rate comes to $6.80 per share, up from the prior annual rate of $6.48. This indicates an annualized yield of roughly 3.29%, considering American Tower’s closing price of $206.93 on March 6.
Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and AMT had recently hinted about its plan to resume dividend growth at mid-single-digit rates in 2025 after focusing on deleveraging in prior years. In 2024, amid the setbacks that impacted its growth rate, this tower REIT had paused its dividend hikes for the year. AMT had faced significant headwinds in India and Latin America, affecting its growth prospects in these regions.
Is AMT’s Dividend Sustainable?
AMT's core tower business is benefiting from favorable industry trends. As mobile carriers push forward with their 5G network expansions, demand for AMT’s infrastructure has risen. In the fourth quarter of 2024, the company reported solid year-over-year organic tenant billings growth of 5%, with total tenant billings increasing 5.7%.
In the fourth quarter, data centers contributed $236 million to property revenues, reflecting a 9.8% increase year over year. Leveraging the growing demand for cloud computing and AI applications, the company plans to invest more than $600 million in expanding its data center portfolio in 2025. These investments are projected to yield stabilized returns in the mid-teens. Additionally, the company’s strategic move to exit operations in high-risk regions appears to be a positive step.
Beyond its strong operating platform, American Tower maintains ample liquidity to meet its debt obligations. Steady adjusted EBITDA margins, consistent revenue growth, and solid returns on invested capital highlight the resilience of its core business and reinforce its capacity to manage near-term liabilities. As of Dec. 31, 2024, the company held $12 billion in total liquidity. Additionally, it remains on track with its net leverage target of 5x EBITDA, having reduced floating-rate debt to just 3%. The company also benefits from a weighted average debt maturity of 5.7 years.
Therefore, with a solid operating model and healthy financial position, the company remains well-poised to respond to challenges and bank on growth opportunities. Also, we expect the latest dividend rate to be sustainable.
Wrapping Up on AMT
AMT's long-term growth prospects remain strong. The company is well-positioned to capitalize on robust demand for its communications infrastructure, as U.S. and European carriers deploy mid-band spectrum and emerging market operators enhance 4G networks and expand 5G coverage. Additionally, rising demand for AI and cloud computing is expected to drive further revenue growth in its data center segment. Its strategic exit from India and South African fiber, along with other non-core assets, should also enhance earnings quality and overall financial performance.
As investors are always on the lookout for companies with a track record of consistent and incremental dividend payouts to bet their money on, solid dividend payouts are arguably the biggest enticements for them. However, near-term headwinds from Sprint churn and FX volatility remain concerns. Also, interest rate headwinds are likely to continue in the current year.
Shares of this Zacks Rank #3 (Hold) company have risen 12.8% so far this year, well ahead of the industry's growth of 4.8%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land LAND and Sabra Healthcare REIT SBRA, each carrying a Zacks Rank of #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Sabra’s full-year FFO per share is $1.49, which indicates an increase of 3.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
Just Released: Zacks Top 10 Stocks for 2025
Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Tower Corporation (AMT) : Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

American Tower Hikes Dividend by 4.9%: Is it Sustainable?

Extra Space Storage, Inc. EXR has achieved a significant milestone by surpassing 4,000 stores nationwide. The company's continued expansion underscores its leadership in the self-storage sector and its ability to grow through strategic acquisitions, partnerships, and third-party management services.
This self-storage operator in the United States now operates 4,011 stores across 42 states and Washington, D.C., reaching 98 of the 100 largest metropolitan markets in the country. This notable growth trajectory has more than doubled the company's store count since 2021. In 2024 alone, Extra Space Storage added 297 stores to its operating platform, reflecting a consistent and aggressive expansion strategy.
According to Joe Margolis, CEO of Extra Space Storage, "This achievement is a testament to the company's steady growth and the resiliency of the self-storage sector." EXR’s ability to scale its operations highlights the increasing demand for self-storage solutions and its competitive edge in the industry.
Extra Space Storage has executed a multi-pronged approach to expansion through wholly-owned properties, joint ventures, and its third-party management platform. Of the 4,011 stores, 49% are wholly-owned properties, 12% are owned through joint venture partnerships, and 39% are managed on behalf of independent owners.
This diversified growth strategy allows the company to optimize its market position while mitigating risk. The acquisition of Life Storage, Inc. in July 2023, in an all-stock transaction, helped Extra Space Storage emerge as the largest self-storage operator in the United States based on the number of locations.
EXR’s 2024 Acquisition Activity and Future Investments
Extra Space Storage remains committed to strategic investments and acquisitions to fuel its growth. In 2024, the company acquired 55 operating stores and three Certificate of Occupancy (“C of O”) stores for a total cost of $581 million. In association with the JV partners, it acquired five operating stores, one C of O store, completed seven developments as well as enhanced its ownership stake in two existing JVs to 49.0% for a net investment of $360.3 million. These transactions demonstrate Extra Space Storage’s strategy of expanding its footprint through both direct acquisitions and joint venture investments.
Looking ahead, as of Dec. 31, 2024, Extra Space Storage was under agreement to acquire or develop 10 additional stores for $118.1 million in 2025. Eight of these stores, totaling $97.9 million, have already closed or completed in early 2025, with the remaining two stores, involving $20.25 million of investments, expected to be completed later in the year.
Beyond traditional acquisitions, Extra Space Storage is diversifying its investment approach by leveraging preferred equity investments and a bridge loan program. These initiatives provide additional avenues for capital deployment and revenue generation, positioning the company for sustained financial health and operational flexibility.
Final Thoughts on Extra Space Storage
Extra Space Storage’s ability to expand at an unprecedented pace highlights the resilience and demand within the self-storage sector. With more than 4,000 locations and a solid pipeline of acquisitions and investments, the company is well-positioned for continued success.
However, Extra Space Storage is not free of challenges and faces a tough operating environment. Particularly, the company continues to see new customer price sensitivity and, therefore, is likely to face headwinds from lower new customer rates in the near term. As such, the reacceleration in revenue growth is expected to be challenging until the company regains pricing power with new customers.
Over the past year, shares of EXR have gained 7.3%, outperforming its industry’s growth of 5.6%. Extra Space Storage currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Other Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land LAND and Sabra Healthcare REIT SBRA, each carrying a Zacks Rank of #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Sabra’s full-year FFO per share is $1.49, which indicates an increase of 3.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Extra Space Storage Inc (EXR) : Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Extra Space Storage's Store Count Surpasses 4,000 Nationwide

Shares of Prologis Inc. PLD have rallied 17.4% in the year-to-date period, outperforming the industry's growth of 7.3%.
This industrial real estate investment trust (REIT) targets investments in distribution facilities for customers who are engaged in global trade and depend on the efficient movement of goods through the global supply chain.
In January 2025, Prologis reported a fourth-quarter 2024 core funds from operations (FFO) per share of $1.50, outpacing the Zacks Consensus Estimate of $1.38. This compares favorably with the year-ago quarter’s figure of $1.26. The quarterly results reflected a rise in rental revenues and healthy leasing activity.
Image Source: Zacks Investment Research
Let us decipher the factors behind the surge in the stock price.
In a rising e-commerce market, companies are making immense efforts to improve supply-chain efficiencies, propelling demand for logistics infrastructure and efficient distribution networks. Given Prologis’ solid capacity to offer modern logistics facilities in some of the busiest distribution markets across the globe, it is well-poised to bank on this trend.
The solid demand for Prologis’ strategically located facilities has driven healthy operating performance over the past several quarters. In the fourth quarter of 2024, 46.5 million square feet of leases commenced in the company’s owned and managed portfolio.
Prologis continues to bolster its presence in high-barrier, high-growth markets through strategic acquisitions and development activities. In 2024, the company’s share of acquisitions amounted to $1.92 billion. For the same period, development stabilization aggregated $4.17 billion, while development starts totaled $1.34 billion. For 2025, the company anticipates acquisitions, at Prologis share, between $750 million and $1.25 billion. Development stabilization and development starts are each expected in the range of $2.25-$2.75 billion in 2025.
Moreover, the data center industry is currently experiencing significant growth, driven by the demands of the evolving needs of today’s digital economy, cloud and AI applications. To capitalize on this growing opportunity, Prologis is focusing on both warehouse conversions and ground-up developments.
Prologis maintains a healthy balance sheet position with ample flexibility that poises it well to capitalize on long-term growth opportunities. As of Dec. 31, 2024, the company had a total available liquidity of $7.38 billion. Its credit ratings as of Dec. 31, 2024, were A3 (Outlook Positive) from Moody’s and A (Outlook Stable) from Standard & Poor’s, enabling the company to borrow at an advantageous rate.
Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and Prologis remains committed to that. Last month, the company’s board announced a quarterly cash dividend of $1.01 per share of its common stock for first-quarter 2025. This represents a 5% hike from the prior payout. In the last five years, it has increased its dividend six times, and its five-year annualized dividend growth rate is 13.66%. Given the company’s solid operating platform and decent financial position compared with the industry, this dividend rate is expected to be sustainable over the near term.
The above-mentioned factors are expected to continue the positive trend in the stock.
Key Risks for Prologis
The recovery in the industrial market has continued for a long time and the growth of e-commerce sales is likely to stabilize to some extent in the upcoming quarters. Therefore, any robust performance is unlikely in the near term.
Analysts seem pessimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2025 FFO per share has declined marginally over the past month to $5.73.
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Gladstone Land LAND and Sabra Healthcare REIT SBRA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Gladstone’s 2025 FFO per share is pegged at 54 cents, which indicates year-over-year growth of 14.9%.
The Zacks Consensus Estimate for Sabra’s full-year FFO per share is $1.49, which indicates an increase of 3.5% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Prologis, Inc. (PLD) : Free Stock Analysis Report
Sabra Healthcare REIT, Inc. (SBRA) : Free Stock Analysis Report
Gladstone Land Corporation (LAND) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prologis Gains 17.4% Year to Date: Will It Continue to Rise?

On 2/19/25, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) will trade ex-dividend, for its monthly dividend of $0.125, payable on 2/28/25. As a percentage of LANDP's recent share price of $20.34, this dividend works out to approximately 0.61%, so look for shares of LANDP to trade 0.61% lower — all else being equal — when LANDP shares open for trading on 2/19/25. On an annualized basis, the current yield is approximately 7.41%, which compares to an average yield of 7.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of LANDP shares, versus LAND:
Below is a dividend history chart for LANDP, showing historical dividends prior to the most recent $0.125 on Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Gladstone Land Corp's 6.00% Series C Cumulative Redeemable Preferred Stock (Symbol: LANDP) is currently up about 0.4% on the day, while the common shares (Symbol: LAND) are up about 0.1%.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Also see:
LAQ Historical Stock Prices
IVZ Average Annual Return
ZIOP Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/25, Gladstone Land Corp (Symbol: LAND) will trade ex-dividend, for its monthly dividend of $0.0467, payable on 2/28/25. As a percentage of LAND's recent stock price of $11.62, this dividend works out to approximately 0.40%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LAND is likely to continue, and whether the current estimated yield of 4.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LAND shares, versus its 200 day moving average:
Looking at the chart above, LAND's low point in its 52 week range is $10.27 per share, with $15.36 as the 52 week high point — that compares with a last trade of $11.54.
Gladstone Land Corp is in our coverage universe of monthly dividend paying stocks. In Tuesday trading, Gladstone Land Corp shares are currently down about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Socially Responsible Dividend Stocks
SP market cap history
Funds Holding REGN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Gladstone Land Corporation

Price history and volume

Shares 360

Investment risk — medium

Investment potential — low

Security parameters