Gladstone Commercial Q1 Core FFO $0.40/share flat QoQ; President Cutlip to retire June 30

GLADSTONE COMMERCIAL CORP

2022-Q1 EPS reported $0.01 revenue$35,531,000

Core FFO available to common stockholders and OP Unitholders was $15.3M ($0.40 diluted), up 1.3% from Q4 2021.
Net income available to common stockholders $0.3M ($0.01/share) vs net loss of $0.01M in Q4.
Acquired two industrial properties for $13.3M; subsequent to quarter, bought $19.3M two-property portfolio.
President Bob Cutlip announces retirement effective June 30, 2022; Arthur 'Buzz' Cooper appointed co-president and will succeed.
Collected 100% of Q1 and April cash rents; declared monthly dividends of $0.3762/share common.

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