Gladstone Commercial Q1 2024 Core FFO $0.34/share, down from $0.36; 100% rent collected

GLADSTONE COMMERCIAL CORP

2024-Q1 EPS reported $0.01 revenue$35,721,000

Core FFO available to common was $13.9M ($0.34 per share), down 4.5% from $14.5M ($0.36) in Q4 2023.
Net income available to common stockholders was $0.3M ($0.01 per share), vs $1.3M ($0.03) in Q4 2023.
Collected 100% of cash rents for Q1 2024 and April 2024.
Sold three non-core properties for $19.5M in Q1; after quarter end, sold one more for $2.6M.
Declared monthly dividends of $0.30 per common share, unchanged from prior quarter.

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 0.9

GLADSTONE COMMERCIAL CORP reported first quarter ended March 31, 2024 results: revenue $35,721, net income $3,526, EPS $0.01.

Period: first quarter ended March 31, 2024
Revenue: $35,721
Net income: $3,526
EPS: $0.01
Result: reported results

Exact text from the filing

in thousands, except share and per share data): As of and for the three months ended March 31, 2024 December 31, 2023 $ Change % Change Operating Data: Total operating revenue $ 35,721 $ 35,908 $ (187) (0.5) % Total operating expenses (23,315) (1) (28,136) (4) 4,821 (17.1) % Other expense, net (8,880) (2) (3,221) (5) (5,659) 175.7 % Net income $ 3,526 $ 4,551 $

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Source: SEC EDGAR

accession 0001234006-24-000008

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