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Gladstone Land Corporation - 5.00% Series D Cumulative Term Preferred Stock(LANDM)

Description: Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.


Keywords: Real Estate Investment Trust Agriculture Plants Farm Organisms Land Management Blueberry Rural Culture Pistachio

Home Page: www.gladstonefarms.com

LANDM Technical Analysis

1521 Westbranch Drive
McLean, VA 22102
United States
Phone: 703-287-5800


Officers

Name Title
Mr. David John Gladstone Founder, Chairman, CEO & Pres
Mr. Terry Lee Brubaker Vice Chairman & COO
Mr. Lewis Parrish CFO & Assistant Treasurer
Ms. Karin McLaughlin Investor Relations Specialist
Mr. John Anthony Dellafiora Jr., CPA Chief Compliance Officer
Mr. Michael Bernard LiCalsi Esq., J.D. Gen. Counsel & Sec.
Mr. William Reiman Exec. VP of West Coast Operations
Ms. Jennifer A. Smith Chief Valuation Officer
Mr. William Frisbie Exec. VP of East Coast Operations
Mr. Jay Beckhorn Treasurer

Exchange: NASDAQ

Country: US

Currency: US Dollar ($)

Forward PE: 0
Trailing PE: 0
Price-to-Book MRQ: 1.9559
Price-to-Sales TTM: 4.681
IPO Date: 2021-01-13
Fiscal Year End: December
Full Time Employees: 0
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