logo

This website uses cookies to ensure you get the best experience on our website.

Read through our Privacy Policy to learn more.

 Go Back

Gladstone: Q4 Earnings Snapshot

By AP News - Feb 19, 2025, 05:03 PM ET
Last Updated - Feb 19, 2025, 05:03 PM EST
Gladstone: Q4 Earnings Snapshot

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Land Corp. (LAND) on Wednesday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.

The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $3.4 million, or 9 cents per share, in the period.

Sponsored

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 11 cents per share.

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 $5.5 million, or 15 cents per share.

The real estate investment trust specializing in farmland, based in McLean, Virginia, posted revenue of $21.1 million in the period.

For the year, the company reported funds from operations of $16.7 million. Revenue was reported as $85.2 million.

_____

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

Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250415