Gladstone Land Q4 2023 FFO $0.15 Misses $0.19 Estimate, Sales $24.45M Beat $24.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gladstone Land (NASDAQ:LAND) reported Q4 2023 FFO of $0.15 per share, missing the $0.19 estimate, and sales of $24.45M, slightly above the $24.22M estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 20, 2024 | 9:25 pm
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Gladstone Land's Q4 2023 FFO missed estimates, and sales only slightly exceeded expectations, indicating a year-over-year decline in performance.
Missing the FFO estimate by 21.05% and reporting a decrease in earnings and sales compared to the previous year are negative indicators for Gladstone Land's financial health and operational efficiency. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on these results.
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IMPORTANCE 90
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