|Bid||0.00 x 1000|
|Ask||0.00 x 1300|
|Day's Range||11.47 - 11.49|
|52 Week Range||11.12 - 13.85|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||92.70|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||0.53 (4.58%)|
|1y Target Est||13.00|
Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 324 gross acres of farmland in Monterey County, California, for $9.0 million. The farm, located in Salinas, California, is used to grow strawberries and vegetables. In connection with the acquisition, the Company also entered into a six-year, triple-net lease with Wish Farms, Inc. (“Wish Farms”).
Landsvirkjun has signed a new USD 150m multi-currency revolving credit facility without a guarantee of collection on July 11, 2019. The revolving credit facility will be used for general corporate purposes and provides Landsvirkjun with access to funds which can be drawn and repaid as needed. The facility has a 3-year tenor with two 1-year extension options, and refinances Landsvirkjun’s existing USD 200m facility signed in 2015 and due to mature in December 2020.
MCLEAN, Va., July 09, 2019 -- Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following.
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Gladstone Land Corporation (LAND) (the “Company”) today announced that it has priced its public offering of 2,000,000 shares of its common stock at a price to the public of $11.73 per share. The Company also granted the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock solely to cover over-allotments, if any. The net proceeds to the Company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately $22.3 million (exclusive of the underwriters’ over-allotment option).
Gladstone Land Corporation (LAND) (the “Company”) today announced that it plans to sell shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of common stock solely to cover over-allotments, if any. The Company intends to use the net proceeds from this offering to repay existing indebtedness, which, in turn, will be used to fund future property acquisitions and for other general corporate purposes.
The acquisition is the first in the Sacramento region for Gladstone Land Corp., a real estate investment trust that specializes in farmland producing fruit and produce.
Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 542 gross acres of farmland in Yolo County, California, for approximately $9.2 million. The farm includes a 482-acre, high-density olive orchard. In connection with the acquisition, the Company also entered into a 15-year, triple-net lease with the seller, California Olive Ranch, Inc., reported to be the largest extra virgin olive oil producer in the U.S.
Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired two farms totaling 516 gross acres near South Haven, Michigan, for approximately $7.8 million. The two farms consist of approximately 383 total acres of blueberry bushes, plus approximately 6 acres of cranberries. The acquisitions also included various farm-related facilities, including two blueberry processing facilities and a fresh packing and cooling facility. In addition, the Company entered into a 10-year, triple-net lease on each farm with a leading blueberry grower and processer in the region.
Gladstone Land Corporation is a US$232m small-cap, real estate investment trust (REIT) based in McLean, United States...
An arbitral tribunal has reached a decision on a new electricity price in the extended power contract between Landsvirkjun and Elkem Iceland, which operates a ferrosilicon plant at Grundartangi in Iceland. The original power contract between the companies dates from the year 1975 and has been subject to six amendments since the plant started operations in 1979. The contract expired in 2019.
”The operations of Landsvirkjun continued to develop in the right direction in the first quarter and were characterised by a strong cash flow with cash flow from operations amounting to USD 84 million. This cash flow was utilised to pay down debt, where Landsvirkjun’s net debt has decreased by USD 236 million over the past 12 months.
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MCLEAN, Va. (AP) _ Gladstone Land Corp. (LAND) on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $2.5 million, or 13 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
MCLEAN, Va., May 07, 2019 -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) today reported financial results for the first quarter ended.
MCLEAN, Va., May 06, 2019 -- Gladstone Land Corporation (NASDAQ: LAND) announces the following event: What:Gladstone Land Corporation's First Quarter Ended March 31, 2019,.
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Gladstone Land Corporation (LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 930 gross acres of farmland in Chowchilla, California, for approximately $28.6 million. In connection with the acquisition, the Company also entered into a 10-year, triple-net lease with The Specialty Crop Company, Inc., reported to be one of the top nut growers in the world and the largest grower of fresh and dried figs in the world. “We are delighted to add another large pistachio orchard to our growing number of farms,” said Bill Reiman, Managing Director of Gladstone Land.
MCLEAN, Va., April 09, 2019 -- Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following.
Landsvirkjun and the Icelandic State have signed an agreement whereas Landsvirkjun transfers its 33.2% share in Farice and 7.9% share in Neydarlinan ohf. Following the transfer Farice will be fully owned by the Icelandic State. It also operates the Icelandic Maritime service and the National Tetra Telecommunication Service.
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At the Annual General Meeting of Landsvirkjun, the National Power Company of Iceland, held today, the Minister of Finance and Economic Affairs re-appointed Board members for Landsvirkjun’s Board of Directors. The Annual General Meeting confirmed the Board of Directors’ report and consolidated accounts for the past financial year.
S&P Global Ratings has revised its outlook on Landsvirkjun to positive from stable and affirmed 'BBB/A-2' long- and short-term corporate credit ratings with and without the state guarantee. According to S&P Global Ratings, the revised outlook is based on the positive trend in the operations of Landsvirkjun, including increased financial strength and decreased market risk. The positive outlook reflects the possibility of an upgrade within the next two years if Landsvirkjun sustains its improved financial position.
CEO of Gladstone Land Corp (NASDAQ:LAND) David Gladstone bought 100,000 shares of LAND on 03/15/2019 at an average price of $12 a share.