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Overview
Gladstone Land Corporation is a real estate investment trust (REIT) that primarily invests in farmland across the United States. The company was founded in 1997 and is headquartered in McLean, Virginia. Gladstone Landβs primary business strategy is to acquire and own farmland, which it leases to farmers for agricultural production. The companyβs portfolio consists of farms that produce a variety of crops, including row crops, specialty crops, and permanent crops such as fruits, nuts, and vegetables. The companyβs aim is to provide stable and growing cash distributions to its shareholders, while also preserving the value of its farmland assets. Gladstone Land has a long-term perspective on its investments and focuses on acquiring high-quality, well-located farmland with sustainable water resources. As of December 31, 2020, Gladstone Land owned 143 farms, encompassing approximately 105,000 acres in 12 states. The companyβs diversified portfolio of farmland includes farms in California, Florida, Michigan, Oregon, and New York, among others. Gladstone Land trades on the NASDAQ under the ticker symbol LAND. The company is externally managed by Gladstone Management Corporation, a real estate investment management company with over $4 billion in assets under management.
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