Gladstone Land Announces Increase in Monthly Cash Distributions for January, February and March 2022 and Fourth Quarter Ended December 31, 2021, Earnings Release and Conference Call Dates

Rhea-AI Summary

Gladstone Land Corporation (Nasdaq:LAND) announced cash distributions of $0.0453 per common share for January, February, and March 2022. The total distribution for the quarter amounts to $0.1359. The company has consistently paid monthly distributions for 107 consecutive months and raised distributions 25 times in the last 28 quarters. Additionally, distributions for Series B, C, and D Preferred Stocks were announced, with each at $0.125 for three months, and Series D at $0.104167. Earnings for Q4 2021 will be reported post-market on February 22, 2022.

Positive

• Consistent monthly cash distributions for 107 months.
• Increased distributions 25 times in 28 quarters.
• Quarterly cash distributions total $0.1359 for common stock.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / January 11, 2022 / 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 January, February and March 2022.

Monthly Cash Distributions:

Common Stock: $0.0453 per share of common stock for each of January, February and March 2022, payable per the table below:

Summary of Common Stock Cash Distributions

Record Date	Payment Date	Amount
January 21	January 31	$ 0.0453
February 18	February 28	0.0453
March 23	March 31	0.0453
Total for the Quarter:		$ 0.1359

The Company has paid 107 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 and has increased its common stock distributions 25 times over the prior 28 quarters. The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneLand.com.

Series B Preferred Stock (Nasdaq LANDO): $0.125 per share of Series B Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series B Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
January 21	January 31	$ 0.125
February 18	February 28	0.125
March 23	March 31	0.125
Total for the Quarter:		$ 0.375

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

Series C Preferred Stock (Unlisted): $0.125 per share of Series C Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
January 26	February 4	$ 0.125
February 24	March 4	0.125
March 25	April 4	0.125
Total for the Quarter:		$ 0.375

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

Series D Preferred Stock (Nasdaq:LANDM): $0.104167 per share of Series D Preferred Stock for each of January, February and March 2022, payable per the table below:

Summary of Series D Preferred Stock Cash Distributions

Record Date	Payment Date	Amount
January 21	January 31	$ 0.104167
February 18	February 28	0.104167
March 23	March 31	0.104167
Total for the Quarter:		$ 0.312501

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

Earnings Announcement:

The Company also announced today that it plans to report earnings for its fourth quarter ended December 31, 2021, after the stock market closes on Tuesday, February 22, 2022. The Company will hold a conference call on Wednesday, February 23, 2022, at 8:30 a.m. EST to discuss its earnings results. Please call (877) 407-9046 to join the conference call. An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through March 2, 2022. To hear the replay, please dial (877) 660-6853 and use playback conference number 13725346.

The live audio broadcast of the Company's conference call will also be available online at www.GladstoneLand.com.

About Gladstone Land:

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 164 farms, comprised of approximately 113,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at approximately $1.5 billion, in the aggregate. Additional information can be found at www.GladstoneLand.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

For further information: Gladstone Land Corporation, +1-703-287-5893

SOURCE: Gladstone Land Corporation

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FAQ

What is the cash distribution amount for Gladstone Land (LAND) in Q1 2022?

The cash distribution amount for each share of common stock is $0.0453 for January, February, and March 2022.

When will Gladstone Land (LAND) report its earnings for Q4 2021?

Gladstone Land plans to report its earnings for Q4 2021 on February 22, 2022, after the market closes.

How many consecutive months has Gladstone Land (LAND) paid cash distributions?

Gladstone Land has paid cash distributions for 107 consecutive months.

What are the total cash distributions for Series B, C, and D Preferred Stocks?

The total cash distribution for Series B and C Preferred Stocks is $0.375 each, and for Series D, it is $0.312501 for the quarter.