Gladstone Land (LAND) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Gladstone Land retains the option to voluntarily redeem its various tranches of preferred securities, which introduces a degree of uncertainty for investors holding these assets. The potential redemption of Series B Preferred Stock at any time, Series C Preferred Stock post-June 1, 2024, and Series E Preferred Stock after its offering’s first anniversary signals flexibility for the company but unpredictability for stockholders. Furthermore, the company may choose to redeem Series D Term Preferred Stock before January 31, 2026, under favorable market conditions that allow for cheaper financing options. Such redemptions could be disadvantageous for stockholders if conducted during unfavorable market periods.
The average LAND stock price target is $16.00, implying 21.67% upside potential.
To learn more about Gladstone Land’s risk factors, click here.
