NASDAQ Welcomes Gladstone Land Corporation (LAND) to The NASDAQ Stock Market
NEW YORK, Jan. 29, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) announced today that the trading of Gladstone Land Corporation
(Nasdaq:LAND) commenced on The NASDAQ Stock Market.
Gladstone Land is an externally-managed real estate company formed to invest
in farmland located in major agricultural markets throughout the United
States. The company focuses on annual row crop properties that provide
increasing rental income over the term of the lease, along with steady
appreciation of the land. In addition to currently owning twelve farms, leased
to six separate corporate and independent farmer tenants, Gladstone Land also
owns two cooler buildings and a facility utilized for storage and packing.
Gladstone Land is currently seeking to buy additional farms throughout the
United States and is interested in potentially acquiring properties related to
farming, such as additional storage facilitates, processing plants, packaging
buildings and distribution centers.
"NASDAQ is proud to welcome Gladstone Land and its shareholders to the NASDAQ
family," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client
Group. "NASDAQ is home to innovation in all forms, and we are happy to partner
with Gladstone Land Corporation to offer another member of the real estate
investment community opportunities for growth and success as a listed company
on our exchange."
Gladstone Land Corporation joins more than 560 financial and real estate
companies in listing on The NASDAQ Stock Market, including recent REIT IPOs,
Wheeler Real Estate Investment Trust and American Realty Capital Properties.
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