Quarterly ResultMay 5, 2026, 04:09 PM
Gladstone Commercial Q1 Net Income $3.8M, +71.5%; Core FFO $17.0M, -4.7%
AI Summary
Gladstone Commercial Corporation reported Q1 2026 financial results, with net income available to common stockholders increasing by 71.5% to $3.8 million, or $0.08 per share, compared to the prior quarter. Core FFO decreased by 4.7% to $17.0 million, or $0.35 per share, primarily due to non-recurring items in the previous period. The company collected 100% of cash rents for the quarter and April, sold a land parcel for $2.0 million, and completed significant leasing activity.
Key Highlights
- Net income available to common stockholders was $3.8 million, a 71.5% increase from Q4 2025.
- Net income per common share was $0.08, up from $0.05 in Q4 2025.
- Core FFO available to common stockholders was $17.0 million, a 4.7% decrease from Q4 2025.
- Core FFO per common share was $0.35, down from $0.37 in Q4 2025.
- Total operating revenue was $41.9 million, a 3.6% decrease from Q4 2025.
- Collected 100% of cash rents for Q1 2026 and April.
- Sold a portion of a land parcel for $2.0 million.
- Leased or renewed 805,622 square feet across five properties.
- Paid monthly cash distributions totaling $0.30 per common share.
Price Impact
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