Gladstone Land publishes investor presentation on farmland REIT portfolio and leasing strategy

• Gladstone Land investor presentation outlined portfolio of 144 farms spanning about 99,000 acres across 14 states, with 94.9% occupancy on farmable acreage.
• California footprint included 34,845 acres across 63 farms, with more than 55,000 acre-feet of water assets held in state.
• Strategy centered on acquiring high-value farmland used for fruits, vegetables, nuts, and other permanent crops, then leasing primarily on triple-net terms.
• Presentation highlighted shift on several western permanent crop farms toward lower or eliminated fixed base rent in exchange for higher participation rent, increasing expected fourth-quarter weighting of lease revenue for 2025 and 2026 crop years.
• Distribution track record cited 156 consecutive monthly cash distributions since 2013, with $7.74 per share paid in total distributions.

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