Earnings Call Summary | Gladstone Land(LAND.US) Q2 2024 Earnings Conference
Earnings Call Summary | Gladstone Land(LAND.US) Q2 2024 Earnings Conference
The following is a summary of the Gladstone Land Corporation (LAND) Q2 2024 Earnings Call Transcript:
以下是Gladstone Land Corporation（gladstone land）2024 Q2 業績會議電話交流摘要：
Financial Performance:
金融業績：
Gladstone Land Corporation reported a net loss of $823,000 and a net loss to common shareholders of $6.7 million for Q2 2024. Adjusted FFO was approximately $3.7 million.
They experienced a decrease in net operating income by about $794,000 due to tenant issues. However, this was partially compensated by an increase in participation rents by about $1.1 million.
Gladstone Land Corporation報告2024 Q2淨虧損823,000美元，普通股股東淨虧損6,700,000美元。調整後的FFO約爲370萬美元。
由於租戶問題，他們的淨營業收入下降約794,000美元。但是，這在某種程度上被參與租金增加了約110萬美元部分補償。
Business Progress:
業務進展：
They currently own about 112,000 acres on 168 farms and about 54,000 acre-feet of water assets valued at about $1.5 billion.
During Q2, Gladstone Land executed 11 new leases or amended leases contributing to an increased annual net operating income of approximately $465,000 over previous leases.
They acquired additional water assets at below-market prices, enhancing their farms' desirability to renters.
They have been managing tenant issues with one farm currently vacant, and five properties (12 farms) being directly operated through management agreements.
他們目前擁有168個農場的約112,000英畝和約15億美元的價值約54,000英畝英尺的水資產。
在Q2期間，Gladstone Land簽署了11份新的租賃合同或修訂的租賃合同，增加了約465,000美元的年度淨營業收入。
他們以低於市場價格收購了額外的水資源，增強了租戶對農場的渴望。
他們一直在處理租戶問題，目前有一個農場空置，通過管理協議直接經營了五個物業（12個農場）
Opportunities:
機會：
The acquisition of water assets at below-market prices enhances the farms' appeal to potential tenants, ensuring a sustainable and desirable investment.
The recent increase in prices for certain crops like almonds and pistachios indicates a potential recovery and positive shift in their market dynamics, enhancing profitability prospects.
以低於市場價格收購水資源，增強了農場吸引潛在租戶的吸引力，確保了可持續和有吸引力的投資。
最近某些作物（如杏仁和開心果）價格上漲表明了市場動態的可能恢復和積極轉變，增強了盈利前景。
Risks:
風險：
They noted a decrease in crop pricing for types like almonds and pistachios, impacting their profitability. Despite recent price recoveries, ongoing market volatility remains a risk.
Challenges relating to tenant management have led to decreased net operating income and heightened operational challenges.
他們指出某些作物（如杏仁和開心果）的價格下降影響了其盈利能力。儘管最近價格有所恢復，但持續的市場波動仍然是一種風險。
有關租戶管理的挑戰導致淨營業收入下降和運營挑戰加劇。
More details: Gladstone Land IR
更多細節：Gladstone Land IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。