Gladstone Commercial Pref Share GOOD 6.625 Prep 10/31/24 E | 8-K: FY2025 Q3 Revenue: USD 40.84 M

Revenue: As of FY2025 Q3, the actual value is USD 40.84 M.

EPS: As of FY2025 Q3, the actual value is USD 0.02.

Financial Metrics Summary

Total Operating Revenue

• Total operating revenue for the three months ended September 30, 2025, was $40,841,000, representing a 3.3% increase from $39,533,000 for the three months ended June 30, 2025.

Total Operating Expenses

• Total operating expenses were - $26,021,000, up 3.5% from - $25,146,000 in the previous quarter.

Net Income

• Net income for the three months ended September 30, 2025, was $4,137,000, a decrease of 10.7% from $4,634,000 for the three months ended June 30, 2025.

Funds from Operations (FFO)

• FFO available to common stockholders and Non-controlling OP Unitholders - diluted was $16,366,000, a 6.0% increase from $15,439,000 in the previous quarter.

Core Funds from Operations (Core FFO)

• Core FFO available to common stockholders and Non-controlling OP Unitholders - diluted was $16,400,000, a 1.8% increase from $16,114,000 in the previous quarter.

Cash Flow and Dividends

• Cash dividends declared per common share and Non-controlling OP Unit remained at $0.30.

Real Estate and Assets

• Real estate, before accumulated depreciation, was valued at $1,400,357,000, a 3.7% increase from $1,350,523,000.
• Total assets increased by 4.5% to $1,265,003,000 from $1,209,993,000.

Properties and Leasing

• Properties owned increased to 151 from 143, and square feet owned increased by 3.7% to 17,675,963 square feet.
• Square feet leased was 99.1%, up from 98.7%.

Outlook / Guidance

• Gladstone Commercial anticipates continued stability in income and plans to re-lease unoccupied properties and grow its portfolio, despite economic challenges such as high interest rates and geopolitical issues. The company expects to continue accessing debt and equity markets for liquidity and focuses on investing in industrial properties.