Home » Stock Symbols » LAND

Gladstone Land Corporation

LAND: Share Price & Live Data

14 USD
+0.04 (0.29%)
Price open 13.97
Previous close 13.96
Market cap 293.11M
Volume 60.90K
Day high 14.00
Day low 13.93
Year high 14.00
Year low 11.30

About Gladstone Land Corporation

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., which it leases to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farms on a quarterly basis, currently owns 103 farms, comprised of approximately 87,000 acres in 10 different states, valued at approximately $876 million. The 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 groves of blueberries 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 81 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 16 times over the prior 58 months, and the current per-share distribution on its common stock is $0.0446 per month, or $0.5352 per year.

Latest Gladstone Land Corporation News

Gladstone Land Is Launching Real Estate Investment Trust

Company to Invest IPO Proceeds and Borrowings Into Farmland

Overview

Name
Gladstone Land Corporation
Exchange
NASDAQ Stock Exchange
Sector
Real Estate
Industry
REIT—Industrial
Country
United States
Full time employees
0

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.