LANDM - Gladstone Land Corporation Stock Price & Dividend Safety Sector: Real Estate | Exchange: NASDAQ Global Market Current Price & Safety Score Price: 25.07 USD StockBonds Safety Grade: F Altman Z-Score (Bankruptcy Risk): 0.60 StockBond Score: 0.00 Company Description Founded in 1997 Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farmrelated properties located in major agricultural markets in the US and leases its properties to unrelated thirdparty farmers The Company which reports the aggregate fair value of its farmland holdings on a quarterly basis currently owns 127 farms comprised of approximately 94000 acres in 13 different states valued at approximately 10 billion Gladstone Lands farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops such as berries and vegetables which are generally planted and harvested annually The Company also owns farms growing permanent crops such as almonds apples figs olives pistachios and other orchards as well as blueberry groves and vineyards which are generally planted every 10 to 20plus years and harvested annually The Company may also acquire property related to farming such as cooling facilities processing buildings packaging facilities and distribution centers The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 The Company has increased its common distributions 20 times over the prior 23 quarters and the current pershare distribution on its common stock is 00449 per month or 05388 per year