Gladstone Land Corp. Is Evaluating Its Permanent Cropland Portfolio Amid Declining Crop Prices And Rising Costs, Exploring Options Like New Leases, Joint Ventures, Or Selling Properties To Maintain Monthly Dividends And Potentially Investing In Assets...
Gladstone Land Corp. Is Evaluating Its Permanent Cropland Portfolio Amid Declining Crop Prices And Rising Costs, Exploring Options Like New Leases, Joint Ventures, Or Selling Properties To Maintain Monthly Dividends And Potentially Investing In Assets...
Gladstone Land Corp. Is Evaluating Its Permanent Cropland Portfolio Amid Declining Crop Prices And Rising Costs, Exploring Options Like New Leases, Joint Ventures, Or Selling Properties To Maintain Monthly Dividends And Potentially Investing In Assets For Steadier Income Or Paying Off Debt
gladstone land corp 6.00% cum redeemable pfd stk ser b正在評估其永久農田組合，在農作物價格下跌和成本上升的情況下，探索新租約、合資或出售資產等選項，以維持月度分紅，並有可能投資於穩定收入的資產或償還債務。
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.
納斯達克: gladstone land corp宣佈，執行副總裁(西海岸運營)比爾·賴曼繼續領導公司對其永久農田組合的戰略審查和評估。賴曼先生自2013年以來一直是公司收購和投資組合管理團隊成員，並是一位五代農民，最近擔任過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。
譯文內容由第三人軟體翻譯。