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Stonegate Capital Partners Updates 3Q24 Report on Gladstone Commercial Corp. (GOOD)

By: Newsfile

Dallas, Texas--(Newsfile Corp. - November 5, 2024) - Gladstone Commercial Corporation. (NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). Gladstone Commercial Corp. reported revenue, FFO per share, and AFFO per share of $39.2M, $0.38, and $0.14, respectively. This compares to our/consensus estimates of $36.8M/$36.9M, $0.36/$0.35, and $0.31/$0.28. Core FFO for the quarter was $0.38 per share, up from $0.36 in 2Q24. This sequential increase was primarily driven by a $2.0M settlement received at one property related to deferred maintenance.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Fundamentals remain strong with 98.5% occupancy levels.
  • Diversification continues as 63% of properties are industrial.
  • 100% of rents collected in YTD.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/228977_figure1.jpg

Click image above to view full announcement.


About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228977

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