earnings
confidence high
sentiment neutral
materiality 0.65
Gladstone Commercial Q2 net loss $1.6M; core FFO $0.36 per share, up 5.9%
GLADSTONE COMMERCIAL CORP
2024-Q2 EPS reported
-$0.03
revenue$72,779,000
- Net loss attributable to common stockholders $1.6M ($0.04/sh) vs net income $0.3M ($0.01/sh) in Q1.
- Core FFO diluted $0.36/sh (up 5.9% QoQ); total operating revenue $37.1M, up 3.7%.
- Acquired five-property portfolio for $12.0M at 12.3% cap rate; sold one non-core property for $2.6M.
- Collected 100% of cash rents; portfolio occupancy 98.5%; renewed/leased 2.38M sq ft during quarter.
- Subsequent to quarter: issued 1.5M shares via ATM for net $21.6M; dividend maintained at $0.30/sh.