Gladstone Land Announces Preferred Stock Repurchase Authorization

Gladstone Land Corporation has unveiled a repurchase program for its preferred stock, covering up to $20 million of its Series B and $35 million of its Series C stock. The buybacks will occur through market and private transactions within U.S. exchanges. These initiatives align with prevailing market prices and conditions. The authorization remains valid until July 10, 2026, with a possibility of suspension.

President David Gladstone views this strategy as a favorable capital allocation, citing current market conditions as an opportunity. He emphasizes that repurchasing preferred shares reflects a beneficial use of capital resources.