Gladstone Land shares rise 12.49% intraday after Q4 FFO and revenue exceed expectations.

Gladstone Land surged 12.49% intraday, with the company reporting Q4 FFO of $0.38/share (exceeding $0.35) and revenue of $41.45M (beating $32.71M). Revenue growth was driven by $20M in participation rents, $2.1M in lease termination fees, and $2.6M in crop sales, boosting AFFO to $0.38/share. The company, a farmland leasing REIT, specializes in leasing agricultural properties and generating income through crop-sharing agreements and lease-related fees.