GLADSTONE COMMERCIAL CORP (GOOD) Form 8-K — Nov 3, 2026
Gladstone Commercial (Nasdaq: GOOD) reported Q3 2026 results with a net loss of $5.2 million, or $0.11 per share, versus net income of $5.1 million a quarter earlier, driven in part by a $6.5 million impairment charge on one property. Core FFO fell 7.8% sequentially to $16.9 million, or $0.35 per share, on higher property expenses, rising SOFR-linked interest costs, and the absence of a prior-period lease termination fee. Total operating revenue slipped 3.6% to $42.4 million. Offsetting positives include 99.3% portfolio occupancy, 100% cash rent collection through October, a $6.6 million industrial acquisition at a 9.16% cap rate, and a $0.30 quarterly distribution maintained.
Key figures
- Eps
- -$0.11 (net loss per share); Core FFO $0.35 per diluted share
- Revenue
- $42.4 million
- Net Income
- -$2.063 million (net loss); -$5.2 million attributable to common stockholders
- Total Debt
- $858.271 million
- Revenue Yoy
- -3.6% sequentially
- Total Assets
- $1,245.747 million
- Shares Outstanding
- 48,507,694 basic weighted average shares/OP Units
- Occupancy
- 99.3% leased
- Sqft owned
- 17816521
- Atm issuance
- 168,868 shares for $2.2 million net proceeds
- Core ffo total
- $16.9 million
- Properties owned
- 152
- Impairment charge
- $6.5 million
- Core ffo change seq
- -7.8%
- Industrial acquisition
- $6.6 million at 9.16% cap rate, 146,650 sq ft
- Debt repaid post quarter
- $10.2 million at 4.25% fixed
- Sqft leased or renewed q3
- 502557
- Dividends per share common
- $0.30 per quarter
AI analysis
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