MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Land Corp. (LAND) on Tuesday reported a key measure of profitability in its fourth quarter.
The McLean, Virginia-based real estate investment trust said it had funds from operations of $14.4 million, or 38 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $1.8 million, or 5 cents per share.
The real estate investment trust specializing in farmland, based in McLean, Virginia, posted revenue of $41.5 million in the period.
For the year, the company reported funds from operations of $14.4 million. Revenue was reported as $88.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAND at https://www.zacks.com/ap/LAND