Gladstone Land Corp is a real estate investment trust that specializes in owning and leasing farmland. It is managed externally and operates within a single reporting segment. The company’s primary focus is on high-quality farms and farm-related properties which are leased to tenants with a strong background in farming and resources on a triple-net basis.
The majority of the properties are leased on a long-term basis, either with fixed renewal provisions or with shorter option periods. Since 2014, it has invested more than $1 billion in agricultural real estate, making Gladstone Land one of the largest farmland REITs in the United States. It is registered as an Investment Company and listed on Nasdaq Global Market under the symbol LAND. As of December 31, 2020, the company owned 98 farms located in 12 states across the United States, covering approximately 138,500 acres of farmland.
Gladstone Land’s portfolio consists of diversified properties that are leased to over 50 tenants. This provides them with a stable income stream and helps to mitigate any risk from tenant defaults. By leasing its farms to experienced farmers, they are able to achieve superior returns on their real estate investments, while providing diversification benefits to investors.
The company has an experienced management team with a track record of success and a proven commitment to responsible land ownership. With its wide range of properties in key agricultural markets across the United States, Gladstone Land is well-positioned to benefit from the future growth of the farmland market. The company has also declared a quarterly dividend since 2017 and has increased it every year since then. This makes Gladstone Land an attractive investment for those looking for long-term stability and consistent income from a real estate portfolio.