earnings
confidence high
sentiment positive
materiality 0.65
Gladstone Commercial Q3 Core FFO $0.38/share, revenue up 5.9% QoQ
GLADSTONE COMMERCIAL CORP
2024-Q3 EPS reported
$0.17
revenue$112,013,000
- Total operating revenue $39.2M, up 5.9% from Q2; net income $11.7M vs $1.6M in Q2.
- Core FFO available to common shareholders $16.3M, $0.38 per share, up 11.2% from Q2.
- Recorded $4.5M impairment on one property; $10.3M net gain on sale of two properties.
- Collected 100% of cash rents for Q3 and October; dividend maintained at $0.30/share.
- After quarter end, issued $15.2M of new fixed-rate debt at 5.60% and repaid $14.8M.