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Company Overview

Our Properties

Gladstone Land owns farmland in Arizona, California, Colorado, Florida, Michigan, Nebraska, North Carolina, Oregon, Texas and Washington.  As of March 31, 2020 our portfolio had a total fair value of approximately $891.6 million. We are actively seeking other farm properties to purchase across the United States.

Additionally, as of March 31, 2020:
•  we owned 113 farms comprised of 87,860 total acres across 10 states in the U.S.;
•  our occupancy rate (based on gross acreage) was 100.0%, and our farms were leased to 70 different, unrelated third-party tenants growing over 45 different types of crops;
•  the weighted-average remaining lease term across our agricultural real estate holdings was 6.9 years; and
•  the weighted-average term to maturity of our notes and bonds payable was 10.2 years, and the weighted-average remaining fixed-price term of our borrowings was 5.7 years, with an expected weighted-average effective interest rate of 3.57% over that term.

Our Business

Gladstone Land acquires farmland that it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent to Gladstone Land. We offer land owners and farmers the following options:

  1. For farmers who are selling their land: We offer long-term sale leaseback transactions which allow them to free up capital to improve their farming operations.
  2. For farmers who identify land they want to farm, but not own: We can purchase the farms and rent them to the farmers with flexible lease terms.
  3. For sellers who do not farm the land: We offer cash purchase of the land, while either keeping the existing tenant-farmers in place or finding new farmers if needed.

Our Goal

Our goal is to build the premier farmland real estate company focused on ownership of high quality farms and farm-related properties that are leased on a triple-net basis lease to good tenants.