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Gladstone: Q1 Earnings Snapshot
By Ap News - May 07, 2024, 04:28 PM ET
Last Updated - May 07, 2024, 04:28 PM EDT
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Land Corp. (LAND) on Tuesday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $5.1 million, or 14 cents per share, in the period.
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Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $7.4 million, or 21 cents per share.
The real estate investment trust specializing in farmland, based in McLean, Virginia, posted revenue of $20.3 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAND at https://www.zacks.com/ap/LAND
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