Gladstone Commercial Q3 Core FFO $0.34, down 17% QoQ; net loss narrows to $0.04/share

GLADSTONE COMMERCIAL CORP

2023-Q3 EPS reported -$0.23 revenue$111,675,000

Core FFO available to common stockholders fell to $0.34 per diluted share from $0.41 in Q2 2023.
Net loss attributable to common stockholders narrowed to $1.4M ($0.04/share) from $7.8M ($0.19/share) in Q2.
Total operating revenue decreased 5.7% QoQ to $36.5M; higher interest expense drove Core FFO decline.
Collected 100% of cash rents; acquired two properties for $11.9M at 9.54% cap rate and sold three non-core for $19M.
Subsequent to quarter: acquired two industrial properties for $12.3M; repaid $9.0M debt at 4.04% interest.

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 0.95

GLADSTONE COMMERCIAL CORP reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, Gladstone Commercial Corporation issued a press release announcing its financial results for the third quarter ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

GLADSTONE COMMERCIAL CORP filing history →

Source: SEC EDGAR

accession 0001234006-23-000016

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.