Company: LANDO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001495240-25-000012
Chunk: 143

Company: GLADSTONE LAND Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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 with an ancillary focus on farmland growing certain commodity crops (e.g., beans and corn).

The following table summarizes the different geographic locations (by state) of our farms owned as of and during the three months ended March 31, 2025 and 2024 (dollars in thousands):

23

 As of and For the Three Months Ended March 31, 2025As of and For the Three Months Ended March 31, 2024StateNo. ofFarmsTotalAcres% ofTotalAcresLeaseRevenue% of TotalLeaseRevenueNo. ofFarmsTotalAcres% ofTotalAcresLeaseRevenue% of TotalLeaseRevenueCalifornia(1)6334,84533.8%$10,491 62.4%6334,84431.2%$13,180 66.5%Florida2013,09012.7%2,574 15.3%2518,72016.7%3,086 15.6%Washington62,5202.4%1,089 6.5%62,5202.2%1,062 5.3%Colorado1232,77331.8%667 4.0%1232,77329.3%661 3.3%Arizona66,3206.1%579 3.5%66,3205.6%569 2.9%Oregon68980.9%422 2.5%68980.8%566 2.8%Nebraska75,2235.1%289 1.7%97,7827.0%25 0.1%Michigan121,2451.2%276 1.6%231,8921.7%240 1.2%Texas13,6673.6%125 0.8%13,6673.3%112 0.6%Maryland69871.0%120 0.7%69870.9%115 0.6%South Carolina35970.6%61 0.4%35970.5%61 0.3%Georgia22300.2%56 0.3%22300.2%56 0.3%New Jersey31160.1%34 0.2%31160.1%32 0.2%Delaware11800.2%20 0.1%11800