Investor Warning: Gladstone Land Corporation
The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have lost money investing in the Gladstone Land Corporation (NASDAQ: LAND).
According to MarketWatch, the Gladstone Land Corporation is a real estate investment trust (REIT) that “engages in owning and leasing of farmland” and “specializes in purchasing farms and farm-related properties and leasing them to farmers.” It trades on the NASDAQ exchange under LAND.
Founded in 1997, the Gladstone Land Corporation is based on McLean, Virginia. As of December 2014, LAND owns thirty-three farms: fifteen in California, nine in Florida, four in Michigan, four in Oregon, and one in Arizona. Gladstone’s farm holdings encompass approximately 8,370 acres; it also leases a parcel of a California farm to an oil company.
David J. Gladstone has been LAND’s Chairman, President, and Chief Executive Officer since 1997; Terry Lee Brubaker has been Vice Chairman and Chief Operating Officer since 2007; Lewis Parish has been Chief Financial Officer and Assistant Treasurer since 2011; John Dellafioria has been Chief Compliance Officer since 2007; William Reiman has been Managing Director since 2013.
In August 2014, LAND released an income statement listing a total revenue of $2.78 million, and a gross profit of $2.63 million, for the quarter ending June 30, 2015. This compares to a total revenue of $2.63 million and a gross profit of $2.42 million for the previous quarter, ending March 31, 2015. LAND was also mentioned in a list of the “Top 3 England ETFs” in August.
If you have lost money investing in the Gladstone Land Corporation (LAND), call the securities and investment fraud law firm Fitapelli Kurta at (877) 238-4175 for a free consultation. You may be able to recover your losses. All cases are taken on contingency, which means Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call (877) 238-4175 now to speak to an attorney for free.