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LANDO| 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, totaling approximately 94,000 acres valued at $1.0 billion. The farms produce fresh produce, annual row crops, permanent crops, and other orchards, with additional property including cooling facilities, processing buildings, and distribution centers. The company generates revenue through leasing its properties to farmers and pays monthly distributions to stockholders, having increased its common distributions 20 times over the prior 23 quarters.
