Gladstone Land completes the sale of five farms in Florida for $52.5M

Gladstone Land (LAND) Corporation announced that it has completed the sale of a property in Florida consisting of five farms for $52.5 million. The investment in this property provided a 112% return on equity invested, and the sale resulted in a net capital gain for the Company. “This property was acquired less than seven years ago through a purchase from a large landholder in Immokalee, Florida,” said Brett Smith, Director of the Southeastern U.S. at Gladstone Land. “In late 2024, we received an offer to purchase the property at a compelling valuation and elected to proceed with the sale. We still own over 13,000 acres of farmland in Florida.”