LAND - Gladstone Land Corporation

NasdaqGM - NasdaqGM Real Time Price. Currency in USD

Gladstone Land Corporation

1521 Westbranch Drive
Suite 100
McLean, VA 22102
United States
703-287-5839
http://www.gladstoneland.com

SectorReal Estate
IndustryREIT - Industrial
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Lewis ParrishCFO & Assistant Treasurer41.44kN/A1979
Mr. David John GladstoneFounder, Chairman, CEO & PresN/AN/A1942
Mr. Terry Lee BrubakerVice Chairman & COON/AN/A1944
Ms. Karin McLaughlinInvestor Relations SpecialistN/AN/AN/A
Mr. John Dellafiora Jr., CPAChief Compliance OfficerN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to farmers, and pays monthly distributions to its stockholders. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2017, the estimated net asset value of the Company was $13.96 per share. Gladstone Land currently owns 74 farms, comprised of 63,175 acres in 9 different states across the U.S., valued at approximately $536 million. Its acreage is predominantly concentrated in locations where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually, as well as permanent crops, such as almonds, blueberries, and pistachios, which are planted every 10 to 20-plus years. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land has paid 60 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution is $0.04425 per month, or $0.531 per year. Additional information can be found at www.GladstoneLand.com and www.GladstoneFarms.com.

Corporate Governance

Gladstone Land Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.