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LAND| Name | Value |
|---|---|
| Revenues | 21.2M |
| Cost of Revenue | 0.9M |
| Gross Profit | 20.3M |
| Operating Expense | 12.5M |
| Operating I/L | 7.4M |
| Other Income/Expense | -9.0M |
| Interest Income | 6.3M |
| Pretax | 7.9M |
| Income Tax Expense | 5.5M |
| 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.
