GLADSTONE LAND Corp

# Gladstone Land Corporation (LANDP)

Gladstone Land is a publicly traded real estate investment trust that acquires, owns, and leases farmland and farm-related properties across the United States. The company generates revenue primarily through long-term agricultural leases on its portfolio, which consists of 150 farms encompassing approximately 103,000 acres across 15 states, along with over 55,000 acre-feet of water assets in California. The portfolio focuses on regions supporting fresh produce and permanent crop production, with significant exposure to berries, vegetables, almonds, blueberries, figs, olives, pistachios, and wine grapes.

The company's farmland is concentrated in major agricultural markets where tenants cultivate both annual row crops and permanent crops. Over 30 percent of Gladstone Land's fresh produce acreage operates under organic certification or is transitioning to organic standards, while approximately 20 percent of its permanent crop acreage holds similar certification status. The company maintains a geographically diversified portfolio intended to mitigate regional agricultural and climate risks.

Gladstone Land has distributed cash to shareholders monthly since its initial public offering in January 2013, maintaining a consistent dividend payment structure over 150 consecutive months. The company was founded in 1997 and is incorporated in Maryland with headquarters in McLean, Virginia.