Gladstone Land Corporation completed the sale of five farms located in Florida for a total of $52.5 million. This divestiture resulted in a net gain of $14.1 million for the company.
Additionally, the company sold two farms in Nebraska for $12.0 million, generating a net gain of $1.6 million. These sales are part of Gladstone Land's ongoing strategy to manage its portfolio and realize value from its assets.
These transactions contribute to the company's liquidity and reflect its active approach to optimizing its farmland holdings. The realized gains demonstrate successful capital allocation and portfolio adjustments in early 2025.
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