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Gladstone: Q2 Earnings Snapshot
By AP News - Aug 08, 2024, 05:02 PM ET
Last Updated - Aug 08, 2024, 05:02 PM EDT
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Land Corp. (LAND) on Thursday reported a key measure of profitability in its second quarter.
The McLean, Virginia-based real estate investment trust said it had funds from operations of $3.7 million, or 10 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 a loss of $6.7 million, or 19 cents per share.
The real estate investment trust specializing in farmland, based in McLean, Virginia, posted revenue of $21.3 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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