Gladstone Commercial Corporation Reports Results for the Third Quarter Ended September 30, 2026
Gladstone Commercial reported Q3 2026 revenue of $42.4 million, down 3.6% sequentially, with a net loss attributable to common stockholders of $5.2 million, or $(0.11) per share, versus net income of $5.1 million a quarter earlier. Core FFO fell 7.8% QoQ to $16.9 million, or $0.35 per share, on a $6.5 million impairment charge, higher property expenses, and rising SOFR-linked interest expense. Occupancy improved to 99.3% leased and the company collected 100% of cash rents through October. The REIT acquired one industrial property for $6.6 million at a 9.16% cap rate, issued $2.2 million of stock under its ATM, and repaid $10.2 million of 4.25% mortgage debt after quarter end.
Key figures
- Revenue
- 42419000
- Revenue Yoy
- 0
- Core ffo
- 16899000
- Total debt
- 858271000
- Total assets
- 1245747000
- Properties owned
- 152
- Impairment charge
- 6518000
- Square feet owned
- 17816521
- Core ffo per share
- $0.35
- Core ffo qoq change
- -7.8%
- Cash rent collection
- 100%
- Portfolio leased pct
- 99.3%
- Ffo per share diluted
- $0.35
- Dividends declared per common share
- $0.30
AI analysis
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