Gladstone Commercial Pref Share GOOD 6.625 Prep 10/31/24 E | 10-Q: FY2025 Q1 Revenue: USD 37.5 M

Revenue: As of FY2025 Q1, the actual value is USD 37.5 M.

EPS: As of FY2025 Q1, the actual value is USD 0.04.

Segment Revenue

• Lease Revenue: $37,501 for the three months ended March 31, 2025, compared to $35,721 for the same period in 2024, representing a 5.0% increase.

Operational Metrics

• Net Income: $5,136 for the three months ended March 31, 2025, compared to $3,526 for the same period in 2024, representing a 45.7% increase.
• Depreciation and Amortization: $13,243 for the three months ended March 31, 2025, compared to $13,326 for the same period in 2024.
• Property Operating Expenses: $6,900 for the three months ended March 31, 2025, compared to $5,884 for the same period in 2024, representing a 17.3% increase.
• Operating Expenses: Total operating expenses were $23,858 for the three months ended March 31, 2025, compared to $23,315 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $17,684 for the three months ended March 31, 2025, compared to $15,023 for the same period in 2024.
• Net Cash Used in Investing Activities: -$75,644 for the three months ended March 31, 2025, compared to $18,468 provided in 2024.
• Net Cash Provided by Financing Activities: $58,247 for the three months ended March 31, 2025, compared to -$34,708 used in 2024.

Unique Metrics

• Acquisitions: Six industrial properties acquired during the three months ended March 31, 2025, with an aggregate purchase price of $73,725.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue investing in industrial properties and maintain a conservative liquidity position. It aims to refinance upcoming debt maturities and fund acquisitions through a combination of equity offerings and credit facility availability.
• Non-Core Business: The company sold two non-core properties in April 2025, realizing gains on sales, and continues to focus on re-leasing vacant space and renewing lease expirations.