GLADSTONE LAND Corp

Gladstone Land Corporation is a publicly traded real estate investment trust that acquires, owns, and manages farmland and farm-related properties across the United States. The company's portfolio consists of 150 farms spanning approximately 103,000 acres across 15 states, along with over 55,000 acre-feet of water assets in California. The farms primarily support fresh produce operations and permanent crop cultivation, with tenants growing commodities including berries, vegetables, almonds, blueberries, figs, olives, pistachios, and wine grapes. Over 30% of the company's fresh produce acreage operates under organic certification or is transitioning to organic status, while approximately 20% of permanent crop acreage holds similar certifications.

The company generates revenue through farm lease agreements with agricultural operators who cultivate the land. Fresh produce operations typically involve annual planting and harvesting cycles, while permanent crop farms generate longer-term returns based on 20-plus year production cycles with annual harvests. Water assets in California represent an additional component of the portfolio's value proposition in a region where water availability significantly impacts agricultural operations.

Gladstone Land has maintained a monthly distribution policy since its initial public offering in January 2013, delivering 150 consecutive monthly distributions to shareholders. The company was originally founded in 1997 and is incorporated in Maryland with headquarters in McLean, Virginia.