Gladstone Land Draws Attention Following Board Decision; Dividend Focus Remains for Farmland REIT
Gladstone Land Corp. named George “Chip” Stelljes III to its board, expanding it to eight members. Shares rose 0.7% to $9.255 after the announcement. The company reported a first-quarter net loss of $10 million and continues to face challenges with rent timing and water costs. Gladstone Land owns 144 farms across 14 states and maintains a dividend yield above 6%.