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LAND| Name | Value |
|---|---|
| Revenues | 12.3M |
| Cost of Revenue | 1.2M |
| Gross Profit | 11.1M |
| Operating Expense | 11.3M |
| Operating I/L | -0.2M |
| Other Income/Expense | -7.7M |
| Interest Income | 0.0M |
| Pretax | -7.9M |
| Income Tax Expense | 0.0M |
| Net Income/Loss | -7.9M |
Gladstone Land, founded in 1997, is a real estate investment trust that acquires and owns farmland and farm-related properties in major U.S. agricultural markets. It leases these properties to third-party farmers, owning 127 farms across 13 states, valued at approximately $1.0 billion. The farms produce fresh produce, annual row crops, and permanent crops like almonds, apples, and blueberries. The company also acquires farming-related properties such as cooling facilities and distribution centers. It generates revenue through leasing its properties to farmers and pays monthly distributions to stockholders, with a consistent track record of increasing common distributions over the years.
