Gladstone Land Corporation is an externally-managed agricultural real estate investment trust that owns and leases farmland across multiple U.S. states to independent and corporate farming operations under triple-net lease agreements. The company's portfolio consists primarily of fresh produce and permanent crop farmland, along with farm-related facilities such as cooling, packing, and processing infrastructure, generating revenue from rental income through leases that typically feature fixed or variable escalation clauses and sometimes base rents tied to gross farm revenues. The company pursues growth through selective acquisition of farmland and farm-related properties from retiring farmers and agricultural companies, targeting locations with favorable climates, adequate water access, and productive capacity while seeking to maximize stockholder returns through regular cash distributions, land appreciation, and capital gains from strategic property sales.