secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001234006-23-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000123400623000016/0001234006-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000123400623000016/good-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001234006-23-000016

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