Gladstone Land Corporatio... (LAND)
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11.25
0.27%
After-hours Dec 13, 2024, 05:19 PM EST

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.

Gladstone Land Corporation
Gladstone Land Corporation logo
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