Headquartered in Mclean, VA Fiscal year ends December NASDAQ: LAND gladstonefarms.com
Gladstone Land Corporation is a publicly traded real estate investment trust (REIT) that acquires, owns, and leases farmland and farm-related properties across major U.S. agricultural markets. Founded in 1997, the company currently owns 142 farms comprising approximately 98,000 acres across 14 states and nearly 56,000 acre-feet (over 18.1 billion gallons) of water assets in California. Its portfolio is predominantly located in regions where tenants grow fresh produce annual row crops such as berries and vegetables, as well as permanent crops including almonds, blueberries, figs, olives, pistachios, and wine grapes. The company generates revenue primarily through long-term net leases to agricultural tenants, with some leases including participation rent components tied to crop revenues. Gladstone Land also directly operates certain properties through third-party management agreements. The company pays monthly distributions to stockholders and has maintained 162 consecutive monthly cash distributions on its common stock since its January 2013 IPO. Gladstone Land trades on Nasdaq under the ticker LAND and also has outstanding Series B and Series C Cumulative Redeemable Preferred Stock. Updated
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Gladstone Land Corporation is a publicly traded real estate investment trust (REIT) that acquires, owns, and leases farmland and farm-related properties across major U.S. agricultural markets.
The Wall Street consensus 12-month price target for LAND is $9.33.
