Gladstone: 1Q Earnings Snapshot

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 $2.5 million, or 13 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 a loss of $496,000, or 3 cents per share.


The real estate investment trust specializing in farmland posted revenue of $7.8 million in the period.

The company’s shares have increased almost 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.50, a fall of almost 1% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LAND at

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