BrasilAgro

LND

Market cap $419M

The packaged foods industry has broadly declined over the last year with some producers dropping over 20%; dividend yields have expanded to as much as 9.5%. However, a high dividend yield does might not indicate value, profitability, or financial strength. Twenty-three high yield packaged food producers we compared on a matrix of factors including yield, payout ratio, value, growth, profitability, and debt.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q2 2026 Earnings Call Transcript

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas ( LND ) Q1 2026 Earnings Call November 7, 2025 8:00 AM EST Company Participants Ana Paula Zerbinati Gama - Investor Relations Manager & Institute Director André Guillaumon - CEO & Member of Board of Executive Officers Gustavo Lopez - CFO, Investor Relations Officer & Member of Board of Executive Officers Conference Call Participants Pedro Fonseca Presentation Ana Paula Zerbinati Gama Investor Relations Manager & Institute Director Hello. Good morning.

BrasilAgro posted 4Q25 results, showing continued operational losses excluding land sales amid a tough agricultural cycle. FY26 outlook remains challenging for LND, with crop prices still low and input costs on the rise, complicating profitability. Despite short-term uncertainty, a long-term cyclical perspective does not reveal an attractive opportunity in LND shares.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q4 2025 Earnings Call September 4, 2025 9:00 AM EDT Company Participants Ana Paula Zerbinati Gama - Investor Relations Manager & Institute Director André Guillaumon - CEO & Member of Board of Executive Officers Gustavo Lopez - CFO, Investor Relations Officer & Member of Board of Executive Officers Conference Call Participants Thiago Duarte - Banco BTG Pactual S.A., Research Division Pedro Fonseca Presentation Ana Paula Zerbinati Gama Investor Relations Manager & Institute Director Good morning, everyone.

I reiterate my buy recommendation on BrasilAgro despite weak Q4 results, citing a 26.5% upside based on my DCF valuation. The company's unique model—improving and selling farmland—remains resilient, with management projecting crop recovery and operational improvement in the coming quarters. LND's position in the perennial, globally competitive Brazilian agribusiness sector and attractive valuation support a favorable long-term risk-return profile.

BrasilAgro is a financially healthy Brazilian agriculture company with industry-leading margins that has historically been a solid compounder. The stock is currently fairly valued as its growth potential is balanced by a high degree of volatility from commodity prices and currency fluctuations. The company's performance is heavily influenced by a combination of Brazilian politics, interest rates, exchange rates and China's demand for agricultural exports.

A high dividend yield is typically a red flag. But there are some exceptions. I highlight 3 REITs with yields of up to 8% that I am buying.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q3 2025 Earnings Conference Call May 8, 2025 9:00 AM ET Company Participants Ana Paula Zerbinati - IR & Capital Market Head André Guillaumon - CEO Gustavo Lopez - CFO & IRO Conference Call Participants Pedro Fonseca - XP Guilherme Guttilla - BTG Pactual Bruno Tomazetto - Itaú Ana Paula Zerbinati Good morning, everyone. We are here once again to disclose our earnings for BrasilAgro.

I am upgrading my recommendation on BrasilAgro shares from Hold to Buy due to the US-China Trade War creating a significant opportunity. BrasilAgro's resilient business model and solid financial health make it less dependent on climate events compared to peers. The company acquires, develops, and sells farms, reducing exposure to climate problems and enhancing asset value.