Gladstone Land Acquires Farmland in Maryland’s Eastern Shore & Delaware and Provides Update on California Wildfires - Seite 2

About Gladstone Land Corporation:
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers.  The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 116 farms, comprised of approximately 90,000 acres in 12 different states, valued at approximately $919 million.  Gladstone Land’s 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 20-plus 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 90 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013.  The Company has increased its common distributions 19 times over the prior 22 quarters, and the current per-share distribution on its common stock is $0.0448 per month, or $0.5376 per year.  Additional information, including detailed information about each of the Company’s farms, can be found at www.GladstoneFarms.com.

Owners or brokers who have farmland for sale in the U.S. should contact:

• Eastern U.S. – Bill Frisbie at [phone] or [e-mail]
• Midwest U.S. – Bill Hughes at [phone] or [e-mail]
• Western U.S. – Bill Reiman at [phone] or [e-mail], or Tony Marci at [phone] or [e-mail]

Lenders who are interested in providing the Company with long-term financing on farmland should contact Jay Beckhorn at [phone] or [e-mail].