Gladstone Land Provides Update on Its Permanent Crop Portfolio
Gladstone Land Provides Update on Its Permanent Crop Portfolio
MCLEAN, VA / ACCESSWIRE / September 23, 2024 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced that Executive Vice President (West Coast Operations), Bill Reiman, continues to lead the Company's strategic review and assessment of its permanent cropland portfolio. Mr. Reiman has been a member of the Company's acquisition and portfolio management team since 2013 and is a fifth-generation farmer, most recently serving as Chairman of the California Strawberry Commission and the Ventura County Agricultural Association.
MCLEAN, VA / ACCESSWIRE / 2024年9月23日 / gladstone land公司 (納斯達克:LAND) ("公司") 宣佈，執行副總裁 (西海岸業務) Bill Reiman 仍在領導公司對其永久性農產品組合的戰略審查和評估。自2013年以來，Reiman先生一直是公司收購和組合管理團隊的成員，他是第五代農民，最近曾擔任加利福尼亞草莓委員會和文圖拉縣農業協會主席。
As the Company has noted in recent press releases and earnings calls, prices of certain permanent crops have experienced a downturn over the last 12-18 months, including, but not limited to, almonds, pistachios, and grapes, that, when combined with increased input and borrowing costs, has reduced farm margins significantly. In addition, farmland planted to permanent crops have trees, vines, or bushes that must be maintained throughout the year, leading to additional year-round costs being incurred by the farmer or landowner. Since the Company continues to pay monthly dividends, the timing and volatility of the expenses and revenues associated with permanent crops makes it more difficult to plan for monthly dividends.
正如公司最近在新聞稿和盈利電話會議中所指出的，包括杏仁、開心果和葡萄在內，某些永久性農產品的價格在過去12-18個月裏經歷了下降，再加上增加的投入和借貸成本，導致農場盈利顯著減少。此外，種植永久性農產品的農田上種植着必須全年維護的樹木、藤蔓或灌木，這導致農民或地主需要承擔額外的全年成本。由於公司繼續支付每月的分紅派息，永久性農產品相關的支出和收入的時機和波動性使得爲每月的分紅計劃變得更加困難。
As a result, the Company continues to explore its options with certain of these permanent crop farms. Such options may include entering into new leases at decreased fixed base rental rates in exchange for increasing the participation rent component, looking at joint ventures with growers, or selling certain properties on the open market or at auctions. Should the Company sell any of its assets, uses of proceeds may include investing in new assets that the Company expects would generate more steady income and reduce overall portfolio risk or paying off debt as it matures.
因此，公司繼續探討與某些永久性農產品農場的選擇。這些選擇可能包括以降低的固定基礎租金率進入新租約，以此來增加參與租金部分，與種植者進行合資，或者在公開市場上或拍賣中出售某些資產。如果公司出售任何資產，所得款項的用途可能包括投資於公司預計會產生更穩定收入並減少整體投資風險的新資產，或償還到期債務。
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:
關於前瞻性聲明的警告：
Certain statements in this press release, including, but not limited to, the Company's ability to maintain or grow its portfolio and FFO, expected increases in capitalization rates, benefits from increases in farmland values, increases in operating revenues, and the increase in NAV per share, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company's ability to procure financing for investments, downturns in the current economic environment, the performance of its tenants, the impact of competition on its efforts to renew existing leases or re-lease real property, and significant changes in interest rates. Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption "Risk Factors" within the Company's Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC on February 20, 2024, and certain other documents filed with the SEC from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
本新聞稿中的某些聲明，包括但不限於公司維護或增加其投資組合和FFO的能力，預期增加的資本化率，從土地增值中受益，營業收入的增加以及每股NAV的增加，都是「涉及前瞻性聲明」的。1933年修改版人民法院法案第27A條和1934年修改版證券交易法案第21E條中規定的，而這些涉及前瞻性聲明固有地涉及某些風險和不確定性，儘管它們是基於公司目前被認爲是合理的計劃，截至本新聞稿發佈之日。可能導致實際結果與這些涉及前瞻性的基礎陳述不同的因素包括但不限於公司爲投資獲得融資的能力，當前經濟環境的下行風險，其租戶的表現，競爭對其續簽現有租約或再租用房地產的努力以及利率的顯着變化。導致實際結果與其前瞻性聲明所述或暗示的不同的其他因素在於 filed 提交給SEC的2023年12月31日的Form 10-k表格下標題爲「風險因素」的披露以及某些其他不時提交給SEC的文件。公司警告讀者不要對任何此類涉及前瞻性聲明寄予過高期望，這些聲明僅在發佈之日作出。公司沒有義務公開更新或修改任何涉及前瞻性的聲明，除非法律要求。
About Gladstone Land:
關於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. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 168 farms, comprised of approximately 112,000 acres in 15 different states and approximately 54,000 acre-feet (about 17.6 billion gallons) of water assets in California, valued at a total of approximately $1.5 billion. Additional information can be found at .
gladstone land是一家上市的股權房地產投資信託(reits)，投資於美國主要農產品市場的農田，租賃給農民。該公司以季度爲基礎報告其農田持有的總公允價值，目前擁有168個農場，分佈在15個不同的州，總面積約爲112,000英畝，在加利福尼亞州擁有約54,000英畝英尺（約176億加侖）的水資產，價值約15億美元。更多信息請訪問網站。
For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any monthly dividend-paying Gladstone funds, please visit .
有關gladstone land的股東信息，請致電（703）287-5893。有關任何月度分紅基金的投資者關係查詢，請訪問網站。
For further information: Gladstone Land Corporation, (703) 287-5893
更多信息：Gladstone Land Corporation，(703)287-5893
SOURCE: Gladstone Land Corporation
消息來源：Gladstone Land Corporation
譯文內容由第三人軟體翻譯。
