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
703-287-5800
http://www.gladstonefarms.com

SectorReal Estate
IndustryREIT - Industrial
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Lewis ParrishCFO & Assistant Treasurer71.9kN/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 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

Gladstone Land is a publicly-traded real estate investment trust that invests in and owns farmland and farm-related properties located in certain major agricultural markets in the U.S., which it leases to unrelated third-party farmer-tenants. The Company reports the current fair value of its farmland on a quarterly basis; as of March 31, 2019, its estimated net asset value was $12.30 per common share. Gladstone Land currently owns 87 farms, comprised of 74,828 acres in 10 different states across the U.S., valued at approximately $649 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 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. Gladstone Land pays monthly distributions to its stockholders and has paid 75 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution rate on its common stock is $0.0445 per month, or $0.534 per year.

Corporate Governance

Gladstone Land Corporation’s ISS Governance QualityScore as of June 25, 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.