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Bill Gates is the largest private farmland owner in the United States, with a portfolio of approximately 250,000 acres, according to The Land Report.
Asked in a Reddit Ask Me Anything session why he was buying so much farmland, Gates replied, “I own less than 1/4,000th the amount of farmland in the United States. has invested in increasing the productivity of these farms and making them more productive.” Create more jobs. There’s no grand plan there. In fact, all these decisions are made by a professional investment team. ”
If Gates thinks he’s making a smart move by investing in farmland, he could do the same with this farmland-focused real estate investment trust (REIT).
Do not miss it:
gladstone land corporation
gladstone land corporation (NASDAQ:LAND) has a portfolio of 168 farms totaling nearly 112,000 acres across Arizona, California, Colorado, Delaware, Florida, Georgia, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Oregon, South Carolina, and Texas. It’s a REIT. , and Washington as of its latest investor presentation. It primarily focuses on farms that grow fresh produce annually, including most fruits and vegetables, as well as certain permanent crops such as blueberries and nuts. This is because fresh food has historically outpaced inflation.
Gladstone currently pays a quarterly dividend of $0.0465 per share, which equates to an annual dividend of $0.558 per share, giving the stock a yield of approximately 4.4% at the time of writing.
In addition to high yields, Gladstone is also committed to increasing dividends to shareholders. “We have increased our common stock dividend by a factor of 33 over the past 36 quarters,” the company boasted in its January dividend increase announcement.
If you want to invest like Bill Gates, Gladstone is a great way to go.
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This article originally appeared on Benzinga.com.
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