|Mr. Lewis Parrish||CFO & Assistant Treasurer||71.9k||N/A||1979|
|Mr. David John Gladstone||Founder, Chairman, CEO & Pres||N/A||N/A||1942|
|Mr. Terry Lee Brubaker||Vice Chairman & COO||N/A||N/A||1944|
|Ms. Karin McLaughlin||Investor Relations Specialist||N/A||N/A||N/A|
|Mr. John Anthony Dellafiora Jr.||Chief Compliance Officer||N/A||N/A||N/A|
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.
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.