Gladstone Land Announces Increase in Monthly Cash Distributions for July, August, and September 2020 and Second Quarter Ended June 30, 2020, Earnings Release and Conference Call Dates

MCLEAN, Va., July 14, 2020 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following cash distributions for each of July, August, and September 2020 and also announced its plan to report earnings for its second quarter ended June 30, 2020.

Monthly Cash Distributions:

Common Stock:  $0.0448 per share of common stock for each of July, August, and September 2020, payable per the table below:

	Summary of Common Stock Cash Distributions
	Record Date	Payment Date	Amount
	July 24	July 31	$ 0.0448
	August 24	August 31	0.0448
	September 23	September 30	0.0448
		Total for the Quarter:	$ 0.1344

The Company has paid 89 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 19 times over the prior 22 quarters.  The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders.  For more information regarding the DRIP, please visit www.GladstoneFarms.com.

Series A Preferred Stock (Nasdaq: LANDP):  $0.1328125 per share of Series A Preferred Stock for each of July, August, and September 2020, payable per the table below:

	Summary of Series A Preferred Stock Cash Distributions
	Record Date	Payment Date	Amount
	July 24	July 31	$ 0.1328125
	August 24	August 31	0.1328125
	September 23	September 30	0.1328125
		Total for the Quarter:	$ 0.3984375

The Company has not skipped, reduced, or deferred a monthly Series A Preferred Stock distribution to date.