secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001234006-23-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000123400623000008/0001234006-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000123400623000008/good-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001234006-23-000008

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