Company Overview - The company owns 137 farms comprising 101,079 acres across 13 states in the U.S.[16] - The company has diversified its crop portfolio, now including permanent crops such as almonds, blueberries, and wine grapes, in addition to annual row crops[16] - The company operates under an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure, controlling 100.0% of the common units of limited partnership interest in the Operating Partnership[16] - The company’s shares of common stock began trading on the Nasdaq Global Market under the symbol "LAND" on January 29, 2013[16] - The company has issued 6.00% Series B and Series C Cumulative Redeemable Preferred Stock, and a newly-designated 5.00% Series D Cumulative Term Preferred Stock[16] - The company is externally managed by Gladstone Management Corporation, with administrative services provided by Gladstone Administration, LLC[16] Investment Strategy - The investment strategy focuses on acquiring triple-net-leased farmland and farm-related properties, with plans to expand geographically across the U.S.[18] - The company anticipates future acquisitions of farmland that grows commodity crops on a selective basis[16] - The company plans to continue expanding its crop varieties, focusing on fresh produce and certain permanent crops[18] - The company may also acquire commercial properties that support agricultural communities, enhancing its portfolio[17] - The company aims to maximize stockholder returns through monthly cash distributions, land appreciation, and capital gains from property sales[17] Financial Management and Risks - The company faces risks related to tenant defaults and the potential inability to pay rent, impacting cash distributions to stockholders[12] - The company is subject to various risks including adverse weather, economic changes, and regulatory developments affecting its concentrated real estate portfolio[12] - The company’s cash flow is exposed to risks related to declining crop prices and lower-than-average crop production due to its participation rent component[12] - The company intends to use leverage by borrowing against properties to maximize investment opportunities[18] - The company employs a leveraged strategy to maximize returns, with no limitations on borrowing against single investment properties or overall borrowing levels[26] Tenant and Lease Management - The company’s farmland investments are primarily leased to independent farming operations, which may have limited financial resources[12] - The company evaluates tenant creditworthiness based on experience, financial strength, and adherence to quality standards[24] - Rental income is primarily generated through triple-net leases, with terms ranging from 3 to 10 years for annual row crops and 7 to 15 years for permanent crops[21] - The majority of leases are structured as triple-net leases, with original terms ranging from 3 to 10 years for annual row crops and 7 to 15 years for permanent crops[21] - The company monitors tenant credit quality through periodic site visits and has not identified any changes in credit quality to date[25] Geographic Expansion - The company currently owns properties in 13 states and intends to acquire more farmland in regions like the Pacific Northwest and Mid-Atlantic[18] - The company currently owns properties in 13 different states across the U.S. and plans to expand its geographic focus to other areas in the Southeast, Pacific Northwest, Midwest, and Mid-Atlantic[25] Operational Structure - The company does not currently have any employees and relies on the Adviser and Administrator for necessary services[37] - As of December 31, 2020, the Adviser and Administrator collectively had 67 full-time employees, with 36 in investment management and due diligence[38] - The company anticipates that the number of employees from the Adviser and Administrator dedicated to its matters will increase as more investments are acquired[37] Compliance and Regulations - The company is subject to various environmental laws and regulations, which could impose significant liabilities and affect its operations[41] - The company expects that compliance with various laws and regulations will not materially affect capital expenditures or results of operations for the year ending December 31, 2021[41] - The company has adopted a policy to minimize conflicts of interest, requiring independent director approval for transactions involving officers or directors[28] COVID-19 Impact - The company granted short-term rent extensions to two tenants due to COVID-19, totaling approximately $340,000 in semi-annual rental payments[40] - The company has not received further requests for rent relief from tenants since the initial COVID-19 impact, indicating a potential stabilization in rental income[40] - During 2020, the company granted short-term rent extensions to two tenants totaling approximately $340,000 due to COVID-19 related delays[40] Competition - The company faces competition from various entities, including agricultural investment firms and other agricultural REITs, which may impact its market position[39]

Gladstone Land Corp (NASDAQ:LAND) Q3 2020 Earnings Conference Call November 5, 2020 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel & Secretary Lewis Parrish - Chief Financial Officer & Assistant Treasurer Conference Call Participants Craig Kucera - Wunderlich Securities Operator Greetings and welcome to the Gladstone Land Corporation Earnings Call for the Quarter ended September 30, 2020. At this time, all participants are in a listen-only mode. A ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value per share LAND The Nasdaq Stock Market, LLC 6.375% Series A Cumulative Term Preferred Stock, $0.001 par value per share LANDP The Nasdaq Stock Market, LLC 6.00% Series B Cumulative Redeemable Preferred Stock, $0.001 par value per share LANDO The Nasdaq Stock Market, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT ...

Gladstone Land Corp (NASDAQ:LAND) Q2 2020 Earnings Conference Call August 6, 2020 8:30 AM ET Company Participants David Gladstone - Founder, Chairman, CEO & President Michael LiCalsi - General Counsel & Secretary Lewis Parrish - CFO & Assistant Treasurer Conference Call Participants Craig Kucera - B. Riley FBR, Inc. James Villard - Ladenburg Thalmann & Co. Operator Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Land Corporation Second Quarter ended 6/30/2020 Earnings Call and W ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-35795 GLADSTONE LAND CORPORATION (Exact name of registrant as specified in its ...

Gladstone Land Corporation (NASDAQ:LAND) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET Company Participants David Gladstone – Chairman, Chief Executive Officer and President Michael LiCalsi – General Counsel and Secretary Lewis Parrish – Chief Financial Officer and Assistant Treasurer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Land Corporation’s First Quarter Ended March 31, 2020 Earnings Call and Webcast Conference. At this t ...

Table of Contents Common stock, $0.001 par value per share LAND The Nasdaq Stock Market, LLC 6.375% Series A Cumulative Term Preferred Stock, $0.001 par value per share LANDP The Nasdaq Stock Market, LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

Gladstone Land Corporation (NASDAQ:LAND) Q4 2019 Earnings Conference Call February 20, 2020 8:30 AM ET Company Participants David Gladstone - Chairman and Chief Executive Officer Michael LiCalsi - General Counsel and Secretary Lewis Parrish - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Ben Zucker - Aegis Capital James Villard - Ladenburg Thalmann Operator Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Land Corporation’s Fourth Quarter and Year En ...

Table of Contents | --- | --- | --- | |-----------------------------------------------------------------------------|-------|------------------------------| | | | | | Common Stock, $0.001 par value per share | LAND | The Nasdaq Stock Market, LLC | | 6.375% Series A Cumulative Term Preferred Stock, par value $0.001 per share | LANDP | The Nasdaq Stock Market, LLC | UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

Gladstone Land Corporation (NASDAQ:LAND) Q3 2019 Earnings Conference Call November 7, 2019 8:30 AM ET Company Participants David Gladstone – Chairman and Chief Executive Officer Michael LiCalsi – General Counsel and Secretary Lewis Parrish – Chief Financial Officer Conference Call Participants Rob Stevenson – Janney Ben Zucker – Aegis Capital John Massocca – Ladenburg Thalmann Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Gladstone Land Corporation’s Third Quarter En ...