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LANDM| Name | Value |
|---|---|
| Revenues | 24.5M |
| Cost of Revenue | 1.5M |
| Gross Profit | 23.0M |
| Operating Expense | 14.2M |
| Operating I/L | -21.9M |
| Other Income/Expense | -7.0M |
| Interest Income | 0.0M |
| Pretax | 1.8M |
| Income Tax Expense | -3.5M |
| Net Income/Loss | 1.8M |
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, permanent crops like almonds and apples, and other orchards, blueberry groves, and vineyards. The company may also acquire property related to farming, such as cooling facilities and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has consistently increased its common distributions, currently at $0.0449 per month, or $0.5388 per year.
