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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 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, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually.
The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers.
The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013.
The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.
Country | United States |
IPO Date | Jan 29, 2013 |
Industry | REIT - Industrial |
Sector | Real Estate |
Employees | 70 |
CEO | David John Gladstone |
Contact Details
Address: 1521 Westbranch Drive McLean, Virginia United States | |
Website | https://www.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 & President |
Lewis Parrish CPA | Chief Financial Officer & Assistant Treasurer |
Jay Beckhorn CPA | Treasurer |
Jennifer A. Smith | Chief Valuation Officer |
John Anthony Dellafiora Jr., CPA | Chief Compliance Officer |
Karin McLaughlin | Investor Relations Specialist |
Michael Bernard LiCalsi Esq., J.D. | General Counsel & Secretary |
Paula Novara | Head of Resource Management & Director |
William Reiman | Executive Vice President of West Coast Operations |
Latest SEC Filings
Date | Type | Title |
---|---|---|
Dec 04, 2024 | 8-K | Current Report |
Nov 15, 2024 | 8-K | Current Report |
Nov 06, 2024 | 8-K | Current Report |
Nov 06, 2024 | 10-Q | Quarterly Report |
Aug 27, 2024 | 3 | Filing |
Aug 22, 2024 | 8-K | Current Report |
Aug 08, 2024 | 8-K | Current Report |
Aug 08, 2024 | 10-Q | Quarterly Report |
May 17, 2024 | 8-K | Current Report |
May 09, 2024 | 8-K | Current Report |