Type               Public
Traded as          NYSE:LAND
Industry           real estate
Founded            2011
Headquarters       Virgina
Area served        United States
Key people         David J. Gladstone
Revenue            3.4M
Net income         0.6M
Website            www.gladstoneland.com

Gladstone Land Corporation, incorporated on March 24, 2011, is an externally-managed real estate company formed to invest in farmland located in agricultural markets throughout the United States. The Company’s farmland is concentrated in locations where tenants are able to grow annual row crops, such as berries, lettuce and melons, among others, which are planted and harvested annually or more frequently. The Company also leases a small parcel on its Oxnard farm to an oil company. As of December 27, 2012, the Company owned twelve farms, leased to six separate corporate and independent farmer tenants, in California and Florida. Additionally it owns two cooler buildings and a facility utilized for storage and packing. In August 2012, the Company acquired 219 acres of farmland near Wimauma, Florida, or the Colding Loop Farm. In September 2012, it acquired three farms totaling 124 acres near Plant City, Florida, known as Trapnell Road Farms. In April 2013, it acquired a farm near Covert, Michigan, with 119 total acres and 89 farmable acres. In June 2013, Gladstone Land Corp acquired a farm in Marion County near Salem, Oregon, with 209 total acres and 206 farmable acres.

As of December 27, 2012, the Company’s portfolio of properties consisted of the San Andreas Farm in Watsonville, California; West Gonzales Farm in Oxnard, California; West Beach Farms in Watsonville, California; Dalton Lane Farm in Watsonville, California; Keysville Road Farms in Plant City, Florida; Colding Loop Farm in Wimauma, Florida, and Trapnell Road Farms in Plant City, Florida. As of December 27, 2012, the Company extended the Dalton Lane Farm lease for three years. As of December 27, 2012, the Company in addition to acquiring properties, planned to acquire farmland in exchange for limited partnership units, or units, of Gladstone Land Limited Partnership.