MCLEAN, Va., Jan. 7, 2014 /PRNewswire/ -- Gladstone Land Corporation (NASDAQ: LAND) (the "Company") announced today that its board of directors declared the following monthly cash distributions:

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Cash Distributions:

Common Stock:  $0.03 per share of common stock for each of January, February and March 2014, payable per the table below.  The Company has paid 11 consecutive monthly cash distributions on its common stock.

Summary of Common Stock Cash Distributions:

The Company had previously been paying a monthly dividend of $0.12 per share during 2013 in order to distribute its historic accumulated earnings and profits so it would be eligible to declare status as a real estate investment trust.  All such historical accumulated earnings and profits have now been fully distributed.

The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders.  For more information regarding the DRIP, please visit www.gladstoneland.com.

Gladstone Land Corporation is a publicly-traded real estate investment company that owns farmland and farm-related properties located in major agricultural markets in the United States that it leases to corporate and independent farmers.  The Company currently owns 21 farms appraised at approximately $113 million.  Information on the business activities of all of the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE Gladstone Land Corporation