Gladstone: Fourth Quarter Earnings Overview

Gladstone Land Corp. Announces Fourth Quarter Financial Results

Gladstone Land Corp., a real estate investment trust headquartered in McLean, Virginia, released its fourth quarter financial performance on Tuesday.

During this period, the company reported funds from operations totaling $14.4 million, which equates to 38 cents per share.

Funds from operations, a significant metric in the REIT sector, is calculated by adjusting net income to include items such as depreciation and amortization.

The company also disclosed a net loss of $1.8 million, or 5 cents per share, for the quarter.

Specializing in farmland investments, Gladstone Land generated $41.5 million in revenue for the quarter.

For the full year, the company’s funds from operations remained at $14.4 million, with total revenue reaching $88.3 million.