Inflation ImpactWith the rate of inflation for fruits and vegetables still exceeding the rate of inflation overall, most of LAND's 168 farms are expected to continue to do well.
LiquidityLAND is in a positive liquidity position with $200 million consisting of nearly $50 million in cash and $150 million available under the two Metlife Term Loans and the line of credit.
Revenue GrowthThe company executed 21 amended or new lease agreements during the quarter, with some expected to generate an aggregate increase in NOI of approximately $309K, or 11%, over that of the prior leases.