Gladstone Land Corporation, established in 1997, functions as a publicly traded Real Estate Investment Trust (REIT) primarily focused on acquiring and managing agricultural properties and related infrastructure within key U.S. farming regions. These holdings are subsequently leased out to independent third-party farmers. The company's substantial portfolio, whose fair market value is reported quarterly, currently stands at approximately $1.6 billion. It encompasses 169 farms, spanning roughly 116,000 acres across 15 states, along with over 45,000 acre-feet of banked water rights in California. A significant portion of Gladstone Land's properties are ideally suited for growing annual row crops, such as berries and various vegetables, which its tenant farmers typically plant and harvest each year. Additionally, the REIT holds land dedicated to permanent crops, including diverse orchards (e.g., almonds, apples, cherries, figs, lemons, olives, pistachios), blueberry groves, and vineyards. While these types of crops are generally planted for a duration exceeding two decades, they consistently yield annual harvests. Demonstrating a commitment to sustainable agriculture, about 40% of its fresh produce acreage is either certified organic or transitioning to organic status, a category that also includes over 10% of its permanent crop holdings. Beyond primary farmland, the company strategically invests in related agricultural support facilities, such as cooling, processing, packaging, and distribution centers. Gladstone Land consistently provides monthly cash distributions to its shareholders, maintaining an impressive record of 129 consecutive payouts on its common stock since its initial public offering in January 2013. Furthermore, these common distributions have been raised 32 times over the past 35 quarters, with the current per-share payout amounting to $0.0464 monthly, or $0.5568 annually.