Stonegate Capital Partners Updates 3Q24 Report on Gladstone Commercial Corp. (GOOD)
November 05, 2024 4:36 PM EST | Source: Reportable, Inc.
Dallas, Texas--(Newsfile Corp. - November 5, 2024) - Gladstone Commercial Corporation. (NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: 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.
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/228977