earnings
confidence high
sentiment neutral
materiality 0.50
Gladstone Commercial Q4 FFO per share $0.35, down from $0.38; FY 2024 Core FFO $1.42 vs $1.47
GLADSTONE COMMERCIAL CORP
2024-FY EPS reported
$0.27
revenue$149,388,000
- Q4 2024 total operating revenue $37.4M, down 4.7% from Q3; net income $7.2M, down 39%.
- Core FFO per share $0.35 (Q4), $1.42 (FY) vs $0.38 and $1.47 prior periods.
- Portfolio occupancy 98.7% (Dec 31) vs 96.8% a year ago; 100% base rent collected.
- Acquired 7 properties for $26.8M at 10.99% cap rate; sold 7 non-core for $39M.
- Dividend maintained at $0.30/share/quarter; declared Jan-Mar 2025.