Gladstone Land Q4 earnings slip, revenue and expenses rise [Seeking Alpha]
Gladstone Land Corporation (LAND)
Last gladstone land corporation earnings: 2/19 04:30 pm
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US:NASDAQ Investor Relations:
ir.gladstoneland.com
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Source: Seeking Alpha
Q4 adjusted FFO per share of $0.15 fell from $0.16 in Q3 2023 and $0.19 in Q4 2022. Operating revenue of $24.5M, topping the $23.9M consensus, increased from $23.5M in the previous quarter and declined from $24.8M a year ago. Operating expenses of $15.6M climbed from $14.1M in the prior quarter and $15.2M in the year-ago period. Net asset value per share declined to $19.06 at Dec. 31, 2023 from $20.33 at Sept. 30, 2023. LAND executed 30 new or amended lease agreements on farms that are expected to result in an aggregate decrease in annual net operating income of ~$617K from the prior leases. During the quarter, Gladstone Land ( LAND ) sold a 138-acre parcel of unfarmed land in Florida for $9.6M, which, after accounting for closing costs, resulted in a return on equity of 343% and a net gain of ~$6.4M. The company still owns and leases the remaining acreage of the farm. Gladstone Land stock dipped 0.6% in Tuesday after-hours trading. During a portion of 2023, the company
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LAND
News
- Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Gladstone Land Announces Increase in Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for the First Quarter Ended March 31, 2024Accesswire
- Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds [Seeking Alpha]Seeking Alpha
- How Much Upside is Left in Gladstone (LAND)? Wall Street Analysts Think 36.67% [Yahoo! Finance]Yahoo! Finance
- Invest Like Bill Gates With This Top Farmland REIT [Yahoo! Finance]Yahoo! Finance
LAND
Earnings
- 2/20/24 - Miss
LAND
Sec Filings
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- 2/20/24 - Form 8-K
- LAND's page on the SEC website