GLADSTONE COMMERCIAL CORP (GOOD) Form 10-Q — Nov 3, 2026
Gladstone Commercial (GOOD) filed its Q3 2026 10-Q reporting lease revenue of $42.4 million, up 3.9% year-over-year, with nine-month revenue of $128.3 million up 8.9%. Q3 FFO was $0.35 per share, flat versus prior year, and nine-month FFO per share rose 4.9% to $1.07. However, the company swung to a Q3 net loss available to common stockholders of $5.2 million (-$0.11 per share) versus income of $1.0 million a year earlier, driven by a $6.5 million impairment on its Lake Mary, Florida property, higher interest expense (+8.5%), and a reduced incentive fee waiver.
Key figures
- Revenue
- 42419000
- Revenue Yoy
- 3.9% (Q3 2026 vs Q3 2025); 8.9% nine-month
- Cash Position
- 10752000
- Shares Outstanding
- 48579926
- Properties
- 152 properties, 17.8M sq ft, 27 states
- Q3 ffo basic
- $16.76M / $0.35 per share
- Occupancy rate
- 99.3%
- Impairment charge
- 6518000
- Nine month revenue
- 128317000
- Available liquidity
- $75.7M ($10.8M cash + $64.9M revolver capacity)
- Base rent collection
- 100% of base rents collected for nine months
- Nine month ffo basic
- $51.80M / $1.07 per share (+4.9%)
- Atm proceeds nine months
- $2.2M (168,868 shares)
- Weighted avg mortgage rate
- 4.20%
AI analysis
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