Gladstone Land Corporation expanded its board from seven to eight directors with the election of George “Chip” Stelljes, III, effective June 1, 2026. Stelljes was named to the company’s 2028 class of directors and also joined three board committees: Compensation, Ethics, Nominating & Corporate Governance, and Valuation.
Stelljes brings more than 25 years of experience in investment analysis, management and advisory work. From 2001 to 2013, he held senior roles across Gladstone companies, including chief investment officer, president and director positions at Gladstone Capital, Gladstone Investment, Gladstone Commercial and Gladstone Management. Before that, he spent 23 years working with private equity and venture capital firms including Patriot Capital, Camden Partners, Columbia Capital and Allied Capital.
Gladstone Land said Stelljes is currently managing partner of St. John’s Capital, LLC, a private equity investment vehicle. He also serves as chairman of Equalize Community Development Fund and as an independent director of Oxford Square Capital Corporation.
The company said it now owns 144 farms, totaling about 99,000 acres across 14 states, along with nearly 56,000 acre-feet of water assets in California, equal to more than 18.1 billion gallons. Gladstone Land has paid 159 consecutive monthly cash distributions since its January 2013 IPO. The current monthly payout is $0.0467 per share, or $0.5604 annually. Today the company's shares have moved 1.03% to a price of $9.285. Check out the company's full 8-K submission here.
