Gladstone Land Corporation (NASDAQ:LAND) Q3 2023 Earnings Call Transcript

Mike Whitaker: LANDO went public and went down and then obviously went back up to like $27 a share for a period of time. So, it’s just sort of like a, just the time that we are in right now. We feel that this is going to be possibly going back up at some point when the market starts to come back up. Is there anything that’s causing this outside of what we are talking about with inflation, interest rates, and so on?

David Gladstone: No, inflation and interest rates that are very high now that people have many other alternatives to get the returns they are looking.

Mike Whitaker: I agree with you. Okay. That’s the only question I had. Appreciate it. Thanks for your time.

David Gladstone: Latanya, we got any others?

Operator: There are no further questions. Thank you. I would like to turn it back to you Mr. Gladstone for closing comments.

David Gladstone: I don’t think anybody wants to hear any more closing comments. But nonetheless, we had a good quarter. It’s a lousy quarter when you think about it in terms of interest rates, but we are bound by those markets that are out there for securities that pay dividends and we are very happy that we are in good shape, no downsides that we are looking at today. So, thank you all for calling in and we will see you next quarter. That’s the end of this call.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation and have a great day.