Gladstone Land (LAND) said Wednesday it has completed the sale of five farms in Florida for $52.5 million, realizing a 112% return on its invested equity.
The company plans to use part of the proceeds from the sale to pay down about $19 million of debt on the property, which was set for an interest rate repricing later this year, President and Chief Executive David Gladstone said.
Shares of Gladstone Land were up 0.9% in recent Wednesday trading.
Price: 10.91, Change: +0.10, Percent Change: +0.91
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。