8-K
filed February 22, 2023, 6:59 PM ET
ticker GOOD
CIK 0001234006
earnings
confidence high
sentiment negative
materiality 0.75
Gladstone Commercial Q4 net loss $1.3M, FFO $0.34; cuts monthly dividend to $0.10
GLADSTONE COMMERCIAL CORP
2022-FY EPS reported
-$0.08
revenue$148,981,000
- Q4 total operating revenue $37.2M, down 6.6% sequentially; net loss attributable to common $1.3M ($0.03/share).
- Q4 diluted FFO $0.34, Core FFO $0.34; FY2022 diluted FFO $1.54, Core FFO $1.56.
- Reduced monthly common dividend from $0.1254 to $0.10 starting Jan 2023 (20% cut).
- Acquired 13 industrial properties for $114.4M in 2022; sold 5 non-core assets for $41.3M.
- Amended advisory agreement to waive incentive fees for Q1 and Q2 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
GLADSTONE COMMERCIAL CORP reported the three months ended December 31, 2022 results: revenue $37,217, net income $1,812, EPS (0.03).
- Period
- the three months ended December 31, 2022
- Revenue
- $37,217
- Net income
- $1,812
- EPS
- (0.03)
- Result
- reported results
Exact text from the filing
in thousands, except per share data): As of and for the three months ended December 31, 2022 September 30, 2022 $ Change % Change Operating Data: Total operating revenue $ 37,217 $ 39,834 $ (2,617) (6.6) % Total operating expenses (26,827) (37,448) (3) 10,621 (28.4) % Other expense, net (8,578) (1) 111 (4) (8,689) (7,827.9) % Net income $ 1,812 $ 2,497 $
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
GLADSTONE COMMERCIAL CORP reported the year ended December 31, 2022 results: revenue $148,981, net income $9,272.
- Period
- the year ended December 31, 2022
- Revenue
- $148,981
- Net income
- $9,272
- Result
- reported results
Exact text from the filing
million and 146,493 square feet, in the aggregate. As of and for the year ended December 31, 2022 December 31, 2021 $ Change % Change Operating Data: Total operating revenue $ 148,981 $ 137,688 $ 11,293 8.2 % Total operating expenses (117,758) (1) (102,800) (14,958) 14.6 % Other expense, net (21,951) (2) (25,155) (4) 3,204 (12.7) % Net income $ 9,272 $ 9,733 $
View on SEC.gov
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