Gladstone Land Corporation

Gladstone Land Corporation is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties in major U.S. agricultural markets. The company currently owns 150 farms, totaling approximately 103,000 acres across 15 states, along with over 55,000 acre-feet of water assets in California. Its farms are primarily located in regions suitable for growing fresh produce annual row crops, such as berries and vegetables, which are planted and harvested annually. Gladstone Land also owns farms cultivating permanent crops like almonds, blueberries, figs, olives, pistachios, and wine grapes, which are typically planted every 20-plus years and harvested annually. Over 30% of its fresh produce acreage is either organic or transitioning to organic, and nearly 20% of its permanent crop acreage is in this category. The company pays monthly distributions to its stockholders and has made 150 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is 0.0467 US dollars per month, or 0.5604 US dollars per year. Gladstone Land Corporation was founded on June 14, 1997, and is based in McLean, United States.