Gladstone Land Corp (LAND) Files $57.5M IPO
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Gladstone Land Corp. (Nasdaq: LAND) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $57.5 million. Gladstone plans to list on the Nasdaq Global Market under the ticker, "LAND."
The offering is being made through Janney Montgomery Scott.
Rental income in 2010 was $2.42 million, moving to $2.97 million the next year. Net income fell from $560,523 in FY10 down to $108,919 in FY11.
Gladstone Land Corp. is an externally-managed real estate company formed to invest in farmland located in major agricultural markets throughout the United States.
The offering is being made through Janney Montgomery Scott.
Rental income in 2010 was $2.42 million, moving to $2.97 million the next year. Net income fell from $560,523 in FY10 down to $108,919 in FY11.
Gladstone Land Corp. is an externally-managed real estate company formed to invest in farmland located in major agricultural markets throughout the United States.
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