Gladstone Land Corporation Announces Fourth Quarter and Year End Earnings Release and Conference Call Dates
January 31 2017 - 4:05PM
Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) announced
today that it plans to report earnings for the fourth quarter and
year ended December 31, 2016, after the stock market closes on
Tuesday, February 21, 2017. The Company will hold a
conference call Wednesday, February 22, 2017, at 8:30 a.m. EST to
discuss its earnings results. Please call (855) 363-1762 to
join the conference call. An operator will monitor the call
and set a queue for questions.
A conference call replay will be available after the call and
will be accessible through March 22, 2017. To hear the
replay, please dial (855) 859-2056, and use playback conference
number 56219748.
The live audio broadcast of the Company’s conference call will
be available online at www.GladstoneLand.com. The event will
be archived and available for replay on the Company’s website
through April 22, 2017.
About Gladstone Land:Gladstone Land is a
publicly-traded real estate investment trust that invests in
farmland located in major agricultural markets in the U.S., which
it leases to farmers, and pays monthly distributions to its
stockholders. The Company intends to report the current fair
value of its farmland on a quarterly basis; as of September 30,
2016, the estimated net asset value of the Company was $13.68 per
share. Gladstone Land currently owns 59 farms, comprised of
54,340 acres in 7 different states across the U.S., valued at
approximately $452 million. Its acreage is predominantly
concentrated in locations where its tenants are able to grow fresh
produce annual row crops, such as berries and vegetables, which are
planted and harvested annually or more frequently; as well as
permanent crops, such as almonds, blueberries, and pistachios,
which are planted every 10 to 20-plus years. The Company also
may acquire property related to farming, such as cooling
facilities, processing buildings, packaging facilities, and
distribution centers. Gladstone Land has paid 48 consecutive
monthly cash distributions on its common stock since its initial
public offering in January 2013, and the current per-share
distribution on its common stock is $0.043 per month, or $0.516 per
year. Additional information can be found at
www.GladstoneLand.com and www.GladstoneFarms.com.
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.
For further information: Gladstone Land Corporation, +1-703-287-5893
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