Stonegate Capital Partners Updates 1Q25 Report on Gladstone Commercial Corp. (GOOD)

Rhea-AI Summary

Gladstone Commercial Corporation (NASDAQ: GOOD) reported its Q1 2025 financial results, with revenue of $37.5M, exceeding both analyst and consensus estimates of $36.8M and $37.3M respectively. The company's FFO per share came in at $0.34, meeting expectations, while AFFO per share of $0.29 surpassed estimates of $0.23/$0.26.

Core FFO slightly decreased to $0.34 per share from $0.35 in Q4 2024. Notable operational highlights include the acquisition of six fully leased properties, maintaining a strong 98.4% occupancy rate, and achieving 100% rent collection year-to-date. The company's portfolio composition shows a significant focus on industrial properties, which represent 65% of straight-line rents.

Positive

• Revenue of $37.5M exceeded both analyst and consensus estimates
• AFFO per share of $0.29 outperformed expectations
• 100% rent collection rate year-to-date
• High occupancy rate of 98.4%
• Acquisition of six fully leased properties expanding portfolio
• Strong industrial property exposure at 65% of straight-line rents

Negative

• Core FFO per share declined from $0.35 in Q4 2024 to $0.34 in Q1 2025

Dallas, Texas--(Newsfile Corp. - May 9, 2025) - Gladstone Commercial Corporation. (NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). GOOD reported revenue, FFO per share, and AFFO per share of $37.5M, $0.34, and $0.29, respectively. This compares to our/consensus estimates of $36.8M/$37.3M, $0.34/$0.34, and $0.23/$0.26. Core FFO for the quarter was $0.34 per share, down from $0.35 in 4Q24.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Six fully leased properties acquired in the quarter
• 100% of rents collected YTD with 98.4% occupancy at quarter end
• Industrial properties account for 65% of straight-line rents

Click image above to view full announcement.

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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251457

FAQ

What were Gladstone Commercial's (GOOD) Q1 2025 earnings results?

Gladstone Commercial reported Q1 2025 revenue of $37.5M, FFO per share of $0.34, and AFFO per share of $0.29, with revenue and AFFO exceeding analyst expectations.

What is GOOD's current occupancy rate and rent collection status?

As of Q1 2025, Gladstone Commercial maintained a 98.4% occupancy rate and achieved 100% rent collection year-to-date.

How many properties did Gladstone Commercial (GOOD) acquire in Q1 2025?

Gladstone Commercial acquired six fully leased properties during Q1 2025.

What percentage of Gladstone Commercial's (GOOD) portfolio is industrial properties?

Industrial properties account for 65% of Gladstone Commercial's straight-line rents.

How did GOOD's Core FFO perform in Q1 2025 compared to the previous quarter?

Core FFO decreased slightly from $0.35 per share in Q4 2024 to $0.34 per share in Q1 2025.