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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Source:The NASDAQ OMX Group, Inc.