Gladstone Land Corporation (LAND) Bundle
An Overview of Gladstone Land Corporation (LAND)
General Summary of Gladstone Land Corporation (LAND)
Gladstone Land Corporation is a publicly traded real estate investment trust (REIT) specializing in farmland ownership and agriculture-related investments. Founded in 2013, the company owns 169 farms totaling 115,248 acres across 15 states as of December 31, 2023.
| Key Company Metrics | 2023 Data |
|---|---|
| Total Farms Owned | 169 |
| Total Acres | 115,248 |
| States with Farm Presence | 15 |
Financial Performance
For the fiscal year 2023, Gladstone Land Corporation reported the following financial results:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $74.1 million |
| Net Income | $32.7 million |
| Funds from Operations (FFO) | $39.2 million |
Industry Leadership
Gladstone Land Corporation distinguishes itself through:
- Diversified agricultural property portfolio
- Focus on high-value permanent crops
- Consistent dividend payments
| Crop Types Owned | Percentage of Portfolio |
|---|---|
| Permanent Crops | 79% |
| Annual Crops | 21% |
Mission Statement of Gladstone Land Corporation (LAND)
Mission Statement of Gladstone Land Corporation (LAND)
Gladstone Land Corporation (LAND) focuses on acquiring and owning high-quality farmland and farm-related properties across the United States.
Core Mission Components
| Component | Specific Details |
|---|---|
| Agricultural Land Investment | $1.3 billion total portfolio value as of Q4 2023 |
| Geographic Diversification | Owns farmland in 15 different states across the United States |
| Property Portfolio | Owns 169 farms comprising 113,000 total acres |
Strategic Investment Approach
- Target high-quality farmland with sustainable crop production
- Focus on properties with long-term agricultural potential
- Maintain diversified crop portfolio across different agricultural segments
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $74.4 million |
| Net Income | $24.1 million |
| Dividend Yield | 4.7% |
Crop Diversification Strategy
Current Crop Portfolio Breakdown:
- Permanent Crops: 54% of total farmland
- Annual Crops: 46% of total farmland
- Primary Crop Types: Berries, nuts, vegetables, row crops
Operational Scope
Gladstone Land Corporation operates with a strategic focus on:
- Acquiring high-quality farmland
- Leasing properties to experienced farmers
- Generating consistent income through long-term agricultural land investments
Vision Statement of Gladstone Land Corporation (LAND)
Vision Statement of Gladstone Land Corporation (LAND)
Agricultural Real Estate Investment StrategyGladstone Land Corporation focuses on acquiring and managing high-quality farmland across the United States. As of Q4 2023, the company owned 169 farms comprising 115,000 total acres across 14 states.
| Geographic Regions | Number of Farms | Total Acres |
|---|---|---|
| California | 58 | 49,214 |
| Other States | 111 | 65,786 |
The company's portfolio includes:
- Permanent crops: 58 farms
- Row crops: 111 farms
- Average farm size: 680 acres
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.4 billion |
| Total Revenue | $74.7 million |
| Dividend Yield | 4.65% |
Gladstone Land Corporation targets agricultural properties with:
- High-quality soil
- Water availability
- Strong agricultural infrastructure
- Proximity to key agricultural markets
| Crop Type | Percentage of Portfolio |
|---|---|
| Fruits | 42% |
| Vegetables | 33% |
| Nuts | 25% |
Core Values of Gladstone Land Corporation (LAND)
Core Values of Gladstone Land Corporation (LAND)
Sustainable Agricultural Investment
As of 2024, Gladstone Land Corporation owns 169 farms totaling 115,000 acres across 15 states.
| Farm Property Metric | 2024 Value |
|---|---|
| Total Farm Acres | 115,000 |
| Number of Farms | 169 |
| States with Farm Presence | 15 |
Long-Term Agricultural Asset Management
Gladstone Land Corporation maintains a diversified agricultural portfolio with the following characteristics:
- Gross Real Estate Value: $1.3 billion
- Annual Farm Lease Revenue: $53.4 million
- Crop Diversity: Over 50 different types of crops
Commitment to Farmer Success
| Tenant Support Metric | 2024 Data |
|---|---|
| Average Lease Duration | 7.4 years |
| Tenant Retention Rate | 92% |
| Annual Tenant Support Investment | $2.1 million |
Environmental Stewardship
Environmental metrics for Gladstone Land Corporation's agricultural holdings:
- Organic Farmland: 22,000 acres
- Water Conservation Initiatives: $3.7 million invested
- Sustainable Farming Practices: Implemented across 85% of portfolio
Financial Transparency and Governance
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $682 million |
| Dividend Yield | 4.6% |
| Total Assets | $1.5 billion |
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