Gladstone Land (LAND) Q1 FFO and Revenues Beat Estimates

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to FFO of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 86.67%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.11 per share when it actually produced FFO of $0.09, delivering a surprise of -18. ...