Stonegate Capital Partners Updates 3Q24 Report on Gladstone Commercial Corp. GOOD
DALLAS, TX -- November 5th, 2024 -- Gladstone Commercial Corporation.GOOD: Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. GOOD. Gladstone Commercial Corp. reported revenue, FFO per share, and AFFO per share of $39.2M, $0.38, and $0.14, respectively. This compares to our/consensus estimates of $36.8M/$36.9M, $0.36/$0.35, and $0.31/$0.28. Core FFO for the quarter was $0.38 per share, up from $0.36 in 2Q24. This sequential increase was primarily driven by a $2.0M settlement received at one property related to deferred maintenance.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Fundamentals remain strong with 98.5% occupancy levels.
- Diversification continues as 63% of properties are industrial.
- 100% of rents collected in YTD.
Click image above to view full announcement.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
Distributed by: Reportable, Inc.
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