Latest news with #LANDO
Miami Herald
4 days ago
- Business
- Miami Herald
Gladstone Land Announces Preferred Stock Repurchase Authorization
MCLEAN, VA / ACCESS Newswire / July 11, 2025 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that its board of directors has authorized a share repurchase program for up to $20,000,000 of the Company's 6.00% Series B Cumulative Redeemable Preferred Stock (Nasdaq: LANDO) and up to $35,000,000 of the Company's 6.00% Series C Cumulative Redeemable Preferred Stock (Nasdaq: LANDP) (together, the "Preferred Stock Repurchase Program"). The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during applicable trading window periods or pursuant to any applicable Rule 10b5-1 trading plans. The timing, prices, and sizes of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The board's authorization of the Preferred Stock Repurchase Program expires July 10, 2026, and the Preferred Stock Repurchase Program may be suspended or discontinued at any time and does not obligate the Company to acquire any particular amount of preferred stock. "After a thorough analysis and in consultation with our board of directors, we are announcing another share repurchase authorization as part of a capital allocation strategy that we believe is in the best interest of our shareholders and our business. We believe that the current market conditions provide an attractive buying opportunity for our preferred stock and that using capital to repurchase our preferred shares at appropriate prices represents a favorable strategic use of capital," said David Gladstone, President of the Company. About Gladstone Land Corporation: Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 150 farms, comprised of approximately 103,000 acres in 15 different states and over 55,000 acre-feet of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Over 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and nearly 20% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 149 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company's farms, can be found at Owners or brokers who have farmland for sale in the U.S. should contact: Western U.S. - Bill Reiman at (805) 263-4778 or Bill.R@ and Midwest U.S. - Joey Van Wingerden at (703) 287-5914 or Joe.V@ orSoutheastern U.S.- Brett Smith at (703) 287-5837 or Brett.S@ Lenders who are interested in providing Gladstone Land with long-term financing on farmland should contact Jay Beckhorn at (703) 587-5823 or For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: Certain statements in this press release 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, 2024, as filed with the SEC on February 19, 2025, 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. For further information: Gladstone Land, (703) 287-5893 SOURCE: Gladstone Land Corporation
North Wales Chronicle
25-05-2025
- Automotive
- North Wales Chronicle
Lando Norris banishes qualifying blues to claim Monaco Grand Prix pole
The British driver set a new record around the streets of Monte Carlo to beat local hero Charles Leclerc to pole by 0.109 seconds. Norris, who has bemoaned his qualifying slip-ups throughout the season, put it together at the death to clinch his first pole since the season-opener in Melbourne. IT'S POLE FOR LANDO! 🏁 Sensational work by LN4 🧡#McLaren | #M7AReborn | #MonacoGP 🇲🇨 — McLaren (@McLarenF1) May 24, 2025 Oscar Piastri, who leads McLaren team-mate Norris by 13 points at the top of the championship standings, will start Sunday's race from third ahead of Ferrari's Lewis Hamilton. Max Verstappen, who clinched his second win of the season at Imola last weekend to close to within 22 points of Piastri, qualified fifth. Leclerc, who sparked jubilation in the principality 12 months ago when he ended years of near misses to clinch his first home victory, topped all three practice sessions and looked well set to clinch a fourth Monaco pole in five years. The Monegasque improved on his final run in qualifying but was undone by Norris' blistering final lap. 'It has been a long time coming, I feel good,' Norris said. 'I don't think you realise how good this feels after a few qualifying struggles over last few months. 'This is probably the hardest place to do it. I am very pleased.' Monaco is widely considered to be the most crucial qualifying session of the year, due it being nigh-on impossible to overtake around the narrow streets of the principality. The FIA have introduced a mandatory two pit-stop rule for this season in a bid to create more strategy options for the race. Hamilton crashed in the closing stages of final practice, losing control of his Ferrari at Massenet and spinning into the barriers. Ferrari were forced into extensive work on Hamilton's car, including changing the nose, front wing and gearbox. THAT'S THE FRONT ROW!!! P2 for @Charles_Leclerc!! 👏 — Scuderia Ferrari HP (@ScuderiaFerrari) May 24, 2025 The seven-time world champion had to pull together a fast lap to make it out of Q1 but was then placed under investigation for impeding Verstappen. Ferrari appeared to inform their driver that the Dutchman was on a slow lap, with Hamilton saying: 'You said he was slowing down, f**k sake man!' Hamilton was just over four tenths off Norris' pole time. Mercedes endured a miserable qualifying, with George Russell – fourth in the drivers' standings – and Kimi Antonelli lining up 14th and 15th. Antonelli crashed out at the end of Q1 in his first F1 Monaco qualifying. The 18-year-old blew his left front tyre when hitting the barriers on the entry to the Nouvelle Chicane. Russell was on the radio at the start of Q2 to report that he had lost power, with his car coming to halt in the middle of the tunnel – bringing out an inevitable red flag. The marshals pushed his stricken machinery out of the tunnel and into an escape road as Russell guided the car and banged his steering wheel in frustration.
South Wales Guardian
24-05-2025
- Automotive
- South Wales Guardian
Lando Norris banishes qualifying blues to claim Monaco Grand Prix pole
The British driver set a new record around the streets of Monte Carlo to beat local hero Charles Leclerc to pole by 0.109 seconds. Norris, who has bemoaned his qualifying slip-ups throughout the season, put it together at the death to clinch his first pole since the season-opener in Melbourne. IT'S POLE FOR LANDO! 🏁 Sensational work by LN4 🧡#McLaren | #M7AReborn | #MonacoGP 🇲🇨 — McLaren (@McLarenF1) May 24, 2025 Oscar Piastri, who leads McLaren team-mate Norris by 13 points at the top of the championship standings, will start Sunday's race from third ahead of Ferrari's Lewis Hamilton. Max Verstappen, who clinched his second win of the season at Imola last weekend to close to within 22 points of Piastri, qualified fifth. Leclerc, who sparked jubilation in the principality 12 months ago when he ended years of near misses to clinch his first home victory, topped all three practice sessions and looked well set to clinch a fourth Monaco pole in five years. The Monegasque improved on his final run in qualifying but was undone by Norris' blistering final lap. 'It has been a long time coming, I feel good,' Norris said. 'I don't think you realise how good this feels after a few qualifying struggles over last few months. 'This is probably the hardest place to do it. I am very pleased.' Monaco is widely considered to be the most crucial qualifying session of the year, due it being nigh-on impossible to overtake around the narrow streets of the principality. The FIA have introduced a mandatory two pit-stop rule for this season in a bid to create more strategy options for the race. Hamilton crashed in the closing stages of final practice, losing control of his Ferrari at Massenet and spinning into the barriers. Ferrari were forced into extensive work on Hamilton's car, including changing the nose, front wing and gearbox. THAT'S THE FRONT ROW!!! P2 for @Charles_Leclerc!! 👏 — Scuderia Ferrari HP (@ScuderiaFerrari) May 24, 2025 The seven-time world champion had to pull together a fast lap to make it out of Q1 but was then placed under investigation for impeding Verstappen. Ferrari appeared to inform their driver that the Dutchman was on a slow lap, with Hamilton saying: 'You said he was slowing down, f**k sake man!' Hamilton was just over four tenths off Norris' pole time. Mercedes endured a miserable qualifying, with George Russell – fourth in the drivers' standings – and Kimi Antonelli lining up 14th and 15th. Antonelli crashed out at the end of Q1 in his first F1 Monaco qualifying. The 18-year-old blew his left front tyre when hitting the barriers on the entry to the Nouvelle Chicane. Russell was on the radio at the start of Q2 to report that he had lost power, with his car coming to halt in the middle of the tunnel – bringing out an inevitable red flag. The marshals pushed his stricken machinery out of the tunnel and into an escape road as Russell guided the car and banged his steering wheel in frustration.
Leader Live
24-05-2025
- Automotive
- Leader Live
Lando Norris banishes qualifying blues to claim Monaco Grand Prix pole
The British driver set a new record around the streets of Monte Carlo to beat local hero Charles Leclerc to pole by 0.109 seconds. Norris, who has bemoaned his qualifying slip-ups throughout the season, put it together at the death to clinch his first pole since the season-opener in Melbourne. IT'S POLE FOR LANDO! 🏁 Sensational work by LN4 🧡#McLaren | #M7AReborn | #MonacoGP 🇲🇨 — McLaren (@McLarenF1) May 24, 2025 Oscar Piastri, who leads McLaren team-mate Norris by 13 points at the top of the championship standings, will start Sunday's race from third ahead of Ferrari's Lewis Hamilton. Max Verstappen, who clinched his second win of the season at Imola last weekend to close to within 22 points of Piastri, qualified fifth. Leclerc, who sparked jubilation in the principality 12 months ago when he ended years of near misses to clinch his first home victory, topped all three practice sessions and looked well set to clinch a fourth Monaco pole in five years. The Monegasque improved on his final run in qualifying but was undone by Norris' blistering final lap. 'It has been a long time coming, I feel good,' Norris said. 'I don't think you realise how good this feels after a few qualifying struggles over last few months. 'This is probably the hardest place to do it. I am very pleased.' Monaco is widely considered to be the most crucial qualifying session of the year, due it being nigh-on impossible to overtake around the narrow streets of the principality. The FIA have introduced a mandatory two pit-stop rule for this season in a bid to create more strategy options for the race. Hamilton crashed in the closing stages of final practice, losing control of his Ferrari at Massenet and spinning into the barriers. Ferrari were forced into extensive work on Hamilton's car, including changing the nose, front wing and gearbox. THAT'S THE FRONT ROW!!! P2 for @Charles_Leclerc!! 👏 — Scuderia Ferrari HP (@ScuderiaFerrari) May 24, 2025 The seven-time world champion had to pull together a fast lap to make it out of Q1 but was then placed under investigation for impeding Verstappen. Ferrari appeared to inform their driver that the Dutchman was on a slow lap, with Hamilton saying: 'You said he was slowing down, f**k sake man!' Hamilton was just over four tenths off Norris' pole time. Mercedes endured a miserable qualifying, with George Russell – fourth in the drivers' standings – and Kimi Antonelli lining up 14th and 15th. Antonelli crashed out at the end of Q1 in his first F1 Monaco qualifying. The 18-year-old blew his left front tyre when hitting the barriers on the entry to the Nouvelle Chicane. Russell was on the radio at the start of Q2 to report that he had lost power, with his car coming to halt in the middle of the tunnel – bringing out an inevitable red flag. The marshals pushed his stricken machinery out of the tunnel and into an escape road as Russell guided the car and banged his steering wheel in frustration.
