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Gladstone Commercial Corp (GOOD)
NASDAQ:GOOD
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -0.75%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong operational performance and strategic growth in industrial properties. However, there are slight concerns over financial metrics and market conditions, particularly in the office segment.Company Guidance
During the Gladstone Commercial Corporation Year-End Earnings Call for the fourth quarter of the 2024 fiscal year, several key metrics were highlighted. The company reported funds from operations (FFO) and core FFO per share available to common stockholders at $0.35 for the quarter, a slight decrease from $0.36 in the same quarter of the previous year. For the fiscal year ending December 31, 2024, FFO and core FFO were $1.41 and $1.42 per share, respectively. The same-store rents increased by 5% over the previous year, driven by higher straight-line rent rates and recovery revenue. Gladstone Commercial maintained a high portfolio occupancy of 98.7% and collected 100% of cash-based rents during the year. The company acquired campus properties totaling 316,727 square feet for $26.8 million and increased its portfolio's industrial concentration to 63% of annualized straight-line rent. Additionally, they completed a $75 million private placement of senior unsecured notes, further strengthening their balance sheet. Going forward, the company aims to increase its industrial concentration to at least 70% while maintaining disciplined underwriting standards.100% Rent Collection
During 2024, Gladstone Commercial Corporation collected 100% of cash-based rents, demonstrating strong tenant relationships and financial stability.
Increased Industrial Concentration
Increased portfolio industrial concentration to 63% of annualized straight-line rent, with plans to grow this to 70%.
Strong Portfolio Occupancy
Achieved a portfolio occupancy rate of 98.7% as of December 31, 2024.
Successful Private Placement
Closed on a $75 million private placement of senior unsecured notes, strengthening the balance sheet for future growth.
Lease Renewal Success
Renewed or extended over 2.9 million square feet of leases, resulting in a $3.8 million net increase in GAAP rent.
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GOOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GOOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $15.94 | $16.06 | +0.75% |
| Nov 04, 2024 | $15.62 | $16.63 | +6.47% |
| Aug 06, 2024 | $13.74 | $13.92 | +1.31% |
| May 06, 2024 | $12.75 | $13.50 | +5.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gladstone Commercial Corp (GOOD) report earnings?
Gladstone Commercial Corp (GOOD) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Gladstone Commercial Corp (GOOD) earnings time?
Gladstone Commercial Corp (GOOD) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GOOD EPS forecast?
GOOD EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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