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.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com