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. The Company currently owns 150 farms, comprised of approximately 103,000 acres in 15 different states and over 55,000 acre-feet of water assets in California.
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, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually.
Over 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and nearly 20% 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 147 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013.
The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year.
| Country | United States |
| Founded | 1997 |
| Industry | REIT - Specialty |
| Sector | Real Estate |
| 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 | LANDP |
| Exchange | NASDAQ |
| Stock Type | Preferred Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001495240 |
| CUSIP Number | 376549408 |
| ISIN Number | US3765494089 |
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 |
| 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, CPA | Treasurer |