Gladstone Land (LAND) Q1 FFO and Revenues Beat Estimates

Core Viewpoint - Gladstone Land (LAND) reported quarterly funds from operations (FFO) of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, but down from $0.14 per share a year ago [1][2] Financial Performance - The FFO surprise for the quarter was 86.67%, while the previous quarter saw an FFO of $0.09 against an expectation of $0.11, resulting in a surprise of -18.18% [2] - Revenues for the quarter ended March 2025 were $16.8 million, surpassing the Zacks Consensus Estimate by 3.79%, but down from $20.25 million year-over-year [3] Market Performance - Gladstone shares have declined approximately 11.3% since the beginning of the year, compared to a decline of 3.8% for the S&P 500 [4] - The current Zacks Rank for Gladstone is 4 (Sell), indicating expected underperformance in the near future [7] Future Outlook - The consensus FFO estimate for the upcoming quarter is $0.07 on revenues of $17.56 million, and for the current fiscal year, it is $0.48 on revenues of $81.63 million [8] - The estimate revisions trend for Gladstone is currently unfavorable, which could impact future stock performance [6][7] Industry Context - The REIT and Equity Trust - Other industry is ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [9]