Gladstone: Q1 Earnings Snapshot
By Ap News
Published - 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.
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.
