Gladstone Land Corporation (Nasdaq: LAND) has announced the election of Katharine Cornell Gorka as a Director, effective August 22, 2024. Ms. Gorka, aged 64, brings significant experience to the board, having served in various senior roles including as President of Threat Knowledge Group, a provider of U.S. national security threat expertise, and as the chair of the Fairfax County Republican Party. Her previous positions include serving as a Senior Policy Advisor at the U.S. Department of Homeland Security and as the Press Secretary for U.S. Customs and Border Protection.
Gladstone Land, a publicly-traded real estate investment trust, currently owns 168 farms totaling approximately 112,000 acres in 15 different states. The company's farmland holdings are valued at approximately $1.4 billion. Additionally, the company holds around 54,000 acre-feet of water assets in California.
The company reports the fair value of its farmland holdings on a quarterly basis. For further information about Gladstone Land, interested parties can visit www.GladstoneLand.com or contact the company at (703) 287-5893.
Ms. Gorka's election to the board is seen as a move to further expand the company's knowledge and expertise base, as well as its diversity of views, with her management expertise and strategic analyses expected to add value to the Board of Directors. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $13.38. For more information, read the company's full 8-K submission here.
