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Gladstone Land Corporation (LAND)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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15.950.00 (0.00%)
At close: 4:00PM EDT

Gladstone Land Corporation

1521 Westbranch Drive
Suite 100
McLean 22102
United States
703-287-5800
http://www.gladstonefarms.com

Sector(s)Real Estate
IndustryREIT—Industrial
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. David John GladstoneFounder, Chairman, CEO & PresN/AN/A1942
Mr. Terry Lee BrubakerVice Chairman & COON/AN/A1944
Mr. Lewis ParrishCFO & Assistant Treasurer71.9kN/A1979
Ms. Karin McLaughlinInvestor Relations SpecialistN/AN/AN/A
Mr. John Anthony Dellafiora Jr.Chief Compliance OfficerN/AN/AN/A
Amounts are as of December 31, 2018 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

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 113 farms, comprised of approximately 88,000 acres in 10 different states, valued at approximately $892 million. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 87 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 18 times over the prior 21 quarters, and the current per-share distribution on its common stock is 0.0447 per month, or 0.5364 per year.

Corporate Governance

Gladstone Land Corporation’s ISS Governance QualityScore as of December 8, 2019 is 8. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 10; Compensation: 2.

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.