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Gladstone invests $129M into farmland in 2017

Feb. 20, 2018 5:24 PM ETGladstone Land Corporation (LAND) StockLANDBy: Omer I., SA News Editor9 Comments
  • Q4 AFFO of $2M or $0.138 per share vs. $1.9M and $0.139 in Q3. Distribution of $0.132.
  • Net asset value per share of $13.96 dips from $14.15.
  • Farms owned up to 73 from 58 last year; acres up to 63K from 51K last year; occupancy rate stays at 100%.
  • Management noted 2017 was a strong year, with $129M of new farms, and a consistent increase in distributions to shareholders.
  • Previously: Gladstone Land FFO of $0.125 (Feb. 20).
  • LAND flat after hours

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