---
schema_version: "secwatch.filing_event.v1"
accession: "0001234006-23-000004"
form_type: "8-K"
ticker: "GOOD"
cik: "0001234006"
company_name: "GLADSTONE COMMERCIAL CORP"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:16:37.826290+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Commercial Q4 net loss $1.3M, FFO $0.34; cuts monthly dividend to $0.10

## Summary
- 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.

## SEC filing metadata
- accession: 0001234006-23-000004
- form_type: 8-K
- ticker: GOOD
- cik: 0001234006
- company_name: GLADSTONE COMMERCIAL CORP
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000004/0001234006-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000004/good-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001234006-23-000004
- JSON: https://secwatch.observer/filing/0001234006-23-000004.json
- Plain text: https://secwatch.observer/filing/0001234006-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000004/0001234006-23-000004-index.htm
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000004/0001234006-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.