MCLEAN, Va., June 26, 2014 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:LAND) (the "Company") announced today that it has entered into the third of three lease renewals over the course of the previous nine months, all at an increase in rental rates. The renewal terms range from six to nine years, with an average increase in annual straight-line rental income of 21.0%. The aggregate increase in rental income will be approximately $470,000 per year. Each lease also has a reset provision to market rates at various times over its term.
Gladstone Land Corporation Continues To See Strong Demand For Its Farmland In Lease Renewals
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