secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE COMMERCIAL CORP (GOOD)
CIK:        0001234006
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001234006-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Commercial Q4 FFO $0.36; FY23 core FFO $1.47; annual dividend cut 20% to $1.20
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- Q4 total operating revenue $35.9M (-1.5% QoQ); net income $4.6M vs $1.8M prior Q.
- FY23 net loss attributable to common stockholders $7.8M vs loss $1.6M in FY22.
- FY23 core FFO per share $1.47, down 5.8% YoY; FFO per share $1.46, down 5.2%.
- Annual cash dividend cut 20% to $1.20 per share for FY23; monthly dividend held at $0.30 through March 2024.
- Acquired five properties for $29.5M at 9.56% cap rate; sold seven for $39.6M; portfolio 96.8% leased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1234006/000123400624000004/0001234006-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1234006/000123400624000004/good-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001234006-24-000004

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