earnings
confidence high
sentiment negative
materiality 0.65
Gladstone Commercial Q2 net loss $7.8M available to common; Core FFO $0.41/share up 10.8%
GLADSTONE COMMERCIAL CORP
2023-Q2 EPS reported
-$0.19
revenue$75,212,000
- Net loss available to common stockholders of $7.8M ($0.19/share) vs prior quarter net income $0.03M.
- Core FFO available to common and OP unitholders $16.5M ($0.41/share), up 10.8% sequentially.
- Total operating revenue $38.7M, up 5.8% QoQ; collected 100% cash rents in quarter.
- Recorded $6.8M impairment charge on three properties; sold two non-core assets for $4.7M.
- Acquired one property for $5.3M at 9.71% cap rate; post-quarter acquired two industrial properties for $11.9M.