Gladstone Land (LAND) Lags Q1 FFO and Revenue Estimates

Gladstone Land (LAND) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -4.67%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.18 per share when it actually produced FFO of $0.15, delivering a surprise of -16. ...