Gladstone Commercial Q3 Core FFO $0.44/share; acquires four industrial properties for $46.1M

GLADSTONE COMMERCIAL CORP

2022-Q3 EPS reported -$0.05 revenue$111,764,000

Core FFO available to common stockholders $17.5M ($0.44 per diluted share), up 14.9% QoQ.
Total operating revenue $39.8M, up 9.4% QoQ; net loss attributable to common stockholders $0.6M ($0.02 per share).
Acquired four fully-occupied industrial properties for $46.1M at 7.26% cap rate; sold three office properties for $28.0M with $8.9M gain.
Amended credit facility: new $150M term loan, revolver increased to $125M, total facility $495M.
Collected 100% of cash rents for Q3 and October; quarterly dividend maintained at $0.3762 per share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLADSTONE COMMERCIAL CORP reported third quarter ended September 30, 2022 results: revenue total operating revenue $39,834, net income net income $2,497.

Period: third quarter ended September 30, 2022
Revenue: total operating revenue $39,834
Net income: net income $2,497
Result: reported results

Exact text from the filing

in thousands, except share and per share data): As of and for the three months ended September 30, 2022 June 30, 2022 $ Change % Change Operating Data: Total operating revenue $ 39,834 $ 36,399 $ 3,435 9.4 % Total operating expenses (37,448) (1) (27,825) (4) (9,623) 34.6 % Other expense, net 111 (2) (7,002) 7,113 (101.6) % Net income $ 2,497 $ 1,572 $ 925 58.8 %

View on SEC.gov

Browse all earnings releases →

GLADSTONE COMMERCIAL CORP filing history →

Source: SEC EDGAR

accession 0001234006-22-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.