Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 35

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 35
---
ITEM 1A.RISK FACTORS

An investment in our securities involves a number of significant risks and other factors relating to our structure and investment objectives.  As a result, we cannot assure you that we will achieve our investment objectives.  You should consider carefully the following information as an investor and/or prospective investor in our securities.  The risks described below may not be the only risks we face.  Additional risks not presently known to us or that we currently believe are immaterial may also significantly impact our business operations.  If any of these risks occur, our business prospects, financial condition, or results of operations could suffer, the market price of our capital stock could decline, and you could lose all or part of your investment in our capital stock.

Risks Relating to Our Business and Operations

Our real estate portfolio is concentrated across a limited number of states, which subjects us to an increased risk of significant loss if adverse weather, economic, or regulatory changes or developments in the markets in which our properties are located occur.

Since our current real estate profile is concentrated across a limited number of states, we are subject to adverse changes in the political or regulatory climate in those states or specific counties where our properties are located that could adversely affect our real estate portfolio and our ability to lease properties.  The geographic concentration of our portfolio could also cause us to be more susceptible to adverse weather, economic or regulatory changes, or developments in the markets in which our properties are located than if we owned a more geographically-diverse portfolio, which could materially and adversely affect the value of our farms and our ability to lease our farms on favorable terms or at all.

We may operate farms on certain of our properties, which will increase our operating costs and expose us to additional farming and related operational risks.

We may, on a temporary basis, operate certain of our farms via a management agreement with a third-party operator.  If we choose to operate any farms we own, we will incur additional costs associated with such farming activities.  In addition, we will be exposed to risks related to farming these properties, including, but not limited to, overall market conditions, natural disasters, adverse weather conditions (including drought), crop-related disease, lower-than-expected harvests, and regulatory restrictions.  These risks may harm our farming operations and have a material adverse effect on our results of operations and cash flow.

We may not be successful in identifying and consummating additional suitable acquisitions that meet our investment criteria, which may impede our growth and negatively affect our results of