Gladstone Land Corporation Overview
Pro stress-test →Gladstone Land Corporation is a real estate investment trust that acquires and owns farmland and farm-related properties located in various agricultural markets in the United States. The Company owns around 150 farms, comprised of 103,000 acres in 15 different states and 55,000 acre-feet of water assets in California.
Strategic Profile
Pro stress-test →Gladstone Land's goal is to build the premier farmland real estate company focused on the ownership of high quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. Its farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables.
Competitive Landscape
Pro stress-test →Gladstone Land operates in the specialized farmland REIT sector, competing with other farmland REITs and private farmland investment vehicles. LAND underperformed the US Specialized REITs industry which returned -5.5% over the past year, and underperformed the US Market which returned 19.3% over the past year.
Industry Context
Gladstone Land Corporation operates in Real Estate Investment Trust (REIT) - Specialized Farmland.
Key facts
Founded: 1997 · Headquarters: McLean, Virginia · Revenue: $85.16M · Market cap: $514.67M