earnings
confidence high
sentiment negative
materiality 0.80
Gladstone Commercial Q2 net loss $1.5M; Core FFO flat at $0.39/share; 100% rent collection
GLADSTONE COMMERCIAL CORP
2022-Q2 EPS reported
-$0.03
revenue$71,930,000
- Total operating revenue $36.4M, up 2.4% from $35.5M in Q1 2022.
- Net loss attributable to common stockholders $1.5M (($0.04)/share) vs Q1 income $0.3M ($0.01/share).
- Core FFO available to common shareholders $15.3M ($0.39/share), essentially flat sequentially.
- Acquired five fully-occupied industrial properties for $38.1M at weighted avg cap rate of 6.57%.
- Collected 100% of cash rents in Q2 and July; declared monthly dividends unchanged at $0.37620/common share.