More on Gladstone Land's Q1

• Q1 adjusted FFO of $1.256M or $0.123 per share vs. $1.157M and $0.125 in Q4. Dividend is $0.12.
• Operating revenues of $3.68M up 8%; operating expenses of $2.28M up 23%.
• Farms owned of 46 up from 43. Acres owned of 23K up 36.8%. Occupancy is flat at 100%. Farmland portfolio value of $318M up 11.5% NAV per share of $13.87 down from $14.20. Today's close was $10.38.
• Conference call tomorrow at 8:30 ET
• Previously: Gladstone Land misses by $0.01, beats on revenue (May 2)
• LAND flat after hours