earnings
confidence high
sentiment positive
materiality 0.75
Gladstone Land Q4 AFFO $0.20/share, up 28% QoQ; full-year AFFO $0.67/share, up 42%
GLADSTONE LAND Corp
2021-FY EPS reported
-$0.29
revenue$75,318,000
- Q4 net loss to common $1.4M ($0.04/share); AFFO $6.7M ($0.20/share), up from $0.17 prior quarter.
- Full-year 2021 AFFO $20.4M ($0.67/share), up 42.2% YoY; total operating revenues $75.3M, up 32.1%.
- Acquired 27 farms for $294.5M in 2021; 100% occupancy at year-end; NAV per share $14.31, up $0.51 QoQ.
- Subsequent: expanded MetLife facility by $100M; sold 663,508 Series C preferred shares for $15.1M.
- Increased distribution run rate by 0.22% to $0.0453/month; 25th increase in 28 quarters.