Gladstone Commercial Q1 Core FFO $0.37, revenue down 1.8% QoQ; cuts dividend 20%

GLADSTONE COMMERCIAL CORP

2023-Q1 EPS reported -$0.02 revenue$36,554,000

Core FFO available to common stockholders $15.0M ($0.37/share), up 9.3% from Q4 2022; net loss narrowed to $(0.02)/share from $(0.03).
Total operating revenue $36.6M, down 1.8% QoQ; portfolio occupancy 95.9% vs 96.8% in Q4.
Common dividend reduced 20.3% to $0.30/share from $0.3762; declared $0.30 for April–June 2023.
Acquired 76,089 sq ft industrial property for $5.3M at a 9.70% cap rate; renewed or leased 361,107 sq ft post-quarter.
Repaid $2.7M fixed-rate debt at 4.16% interest; management targets capital recycling into industrial growth markets.

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 0.6

GLADSTONE COMMERCIAL CORP reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Gladstone Commercial Corporation issued a press release announcing its financial results for the first quarter ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

GLADSTONE COMMERCIAL CORP filing history →

Source: SEC EDGAR

accession 0001234006-23-000008

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.