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Gladstone Land Announces First Quarter 2020 Results - News released on Wed, 06 May 2020 16:20:04 -0400 - REITNewsHeadlines- 2020-05-10 16:51:40 PDT

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Gladstone announced Q1 2020 results. AFFO for the quarter was approximately $5.4 million, an increase of approximately $1.9 million, or 53.4%, from the prior quarter, while AFFO per common share increased to approximately $0.25 for the current quarter, compared to $0.17 for the prior quarter. #LAND had total lease revenues increased by approximately $1.8 million, or 13.3%, primarily driven by an early lease termination payment received from an outgoing tenant and additional rents earned from recent acquisitions, partially offset by a decrease in the amount of participation rents recorded. - Greaterthan - 2020-05-10 16:51:40 PDT

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