Gladstone Land Corporation (LAND)
NASDAQ: LAND · Real-Time Price · USD
10.54
+0.08 (0.73%)
Dec 20, 2024, 4:00 PM EST - Market closed

Company Description

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
Gladstone Land logo
Country United States
Founded 1997
IPO Date Jan 29, 2013
Industry REIT - Specialty
Sector Real Estate
Employees 70
CEO David Gladstone

Contact Details

Address:
1521 Westbranch Drive, Suite 100
McLean, Virginia 22102-3211
United States
Phone 703 287 5800
Website gladstonefarms.com

Stock Details

Ticker Symbol LAND
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0001495240
CUSIP Number 376549101
ISIN Number US3765491010
Employer ID 54-1892552
SIC Code 6798

Key Executives

Name Position
David John Gladstone Founder, Chairman, Chief Executive Officer and President
Paula Novara Head of Resource Management and Director
Lewis Parrish CPA Chief Financial Officer and Assistant Treasurer
Karin McLaughlin Investor Relations Specialist
John Anthony Dellafiora Jr., CPA Chief Compliance Officer
Michael Bernard LiCalsi Esq., J.D. General Counsel and Secretary
William Reiman Executive Vice President of West Coast Operations
Jennifer A. Smith Chief Valuation Officer
Jay Beckhorn CPA Treasurer

Latest SEC Filings

Date Type Title
Dec 4, 2024 8-K Current Report
Nov 15, 2024 8-K Current Report
Nov 6, 2024 8-K Current Report
Nov 6, 2024 10-Q Quarterly Report
Aug 22, 2024 8-K Current Report
Aug 8, 2024 8-K Current Report
Aug 8, 2024 10-Q Quarterly Report
May 17, 2024 8-K Current Report
May 9, 2024 8-K Current Report
May 7, 2024 8-K Current Report