Gladstone Commercial Pref Share GOOD 6.625 Prep 10/31/24 E | 10-Q: 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.

EBIT: As of FY2025 Q3, the actual value is USD 25.52 M.

Segment Revenue

• Lease Revenue: For the three months ended September 30, 2025, lease revenue was $40,841,000, compared to $39,235,000 for the same period in 2024, representing a 4.1% increase. For the nine months ended September 30, 2025, lease revenue was $117,875,000, compared to $112,013,000 for the same period in 2024, representing a 5.2% increase.

Operational Metrics

• Net Income: For the three months ended September 30, 2025, net income was $4,137,000, compared to $11,721,000 for the same period in 2024, representing a decrease of 64.7%. For the nine months ended September 30, 2025, net income was $13,908,000, compared to $16,843,000 for the same period in 2024, representing a decrease of 17.4%.
• Depreciation and Amortization: For the three months ended September 30, 2025, depreciation and amortization was $15,271,000, compared to $13,343,000 for the same period in 2024, representing a 14.4% increase. For the nine months ended September 30, 2025, depreciation and amortization was $42,763,000, compared to $42,683,000 for the same period in 2024, representing a 0.2% increase.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $72,430,000, compared to $34,166,000 for the same period in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was -$218,315,000, compared to $8,638,000 provided by investing activities for the same period in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $155,443,000, compared to -$44,409,000 used in financing activities for the same period in 2024.

Unique Metrics

• Property Acquisitions: During the nine months ended September 30, 2025, the company acquired 19 industrial properties with an aggregate purchase price of $207,905,000.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue executing its capital recycling program, selling non-core properties and redeploying proceeds to fund acquisitions in target secondary growth markets or repay outstanding debt.
• Non-Core Business: The company expects to continue selling non-core properties as reasonable disposition opportunities become available.

Priority

• The company emphasizes strategies with concrete projections, such as the acquisition of new properties and refinancing of existing debt, to maintain liquidity and fund expansion.