Financial Performance - Gladstone Commercial reported quarterly funds from operations (FFO) of $0.35 per share, matching the Zacks Consensus Estimate, but down from $0.36 per share a year ago [1] - The company posted revenues of $37.38 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.20%, compared to $35.91 million in the same quarter last year [2] - Over the last four quarters, Gladstone Commercial has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2][1] Market Performance - Since the beginning of the year, Gladstone Commercial shares have lost about 0.2%, while the S&P 500 has gained 4% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Future Outlook - The current consensus FFO estimate for the coming quarter is $0.36 on revenues of $37.75 million, and for the current fiscal year, it is $1.45 on revenues of $152.29 million [7] - The outlook for the REIT and Equity Trust - Other industry is currently in the bottom 33% of Zacks industries, which may impact the stock's performance [8]

Financial Performance - Total operating revenue for Q4 2024 was $37,375,000, a decrease of 4.7% from $39,235,000 in Q3 2024[3] - Net income for Q4 2024 was $7,193,000, down 38.6% from $11,721,000 in Q3 2024[3] - Funds from operations (FFO) available to common stockholders and Non-controlling OP Unitholders - diluted for Q4 2024 was $15,286,000, a decrease of 5.6% from $16,190,000 in Q3 2024[3] - Total operating revenue for the year ended December 31, 2024, was $149,388,000, an increase of 1.2% from $147,584,000 in 2023[7] - Net income for the year ended December 31, 2024, was $24,040,000, a significant increase of 388.4% from $4,922,000 in 2023[7] - Funds from operations (FFO) available to common stockholders and Non-controlling OP Unitholders - diluted for the year ended December 31, 2024, was $59,665,000, an increase of 0.8% from $59,214,000 in 2023[7] - Net income available to common stockholders for the year ended December 31, 2024, was $11.2 million, or $0.27 per share, compared to a net loss of $(7.8) million, or $(0.19) per share for the year ended December 31, 2023[15] - FFO available to common stockholders for the year ended December 31, 2024, was $59.7 million, a 0.8% increase compared to $59.1 million for the year ended December 31, 2023, equating to $1.41 per share[14] - Core FFO available to common stockholders for the year ended December 31, 2024, was $60.2 million, a 0.5% increase compared to $59.9 million for the year ended December 31, 2023, equating to $1.42 per share[14] Asset Valuation - Real estate, before accumulated depreciation, was valued at $1,219,918,000 as of December 31, 2024, a decrease of 1.5% from $1,238,271,000 as of September 30, 2024[4] - Total assets as of December 31, 2024, were $1,094,348,000, a slight decrease of 0.2% from $1,096,315,000 as of September 30, 2024[4] - Total assets decreased by 3.5% to $1,094.3 million as of December 31, 2024, compared to $1,133.5 million as of December 31, 2023[8] Operational Performance - Square feet leased increased to 98.7% as of December 31, 2024, compared to 98.5% as of September 30, 2024[4] - The company collected 100% of 2024 base rent throughout the year, demonstrating strong rent collection performance[11] - The company acquired seven fully-occupied properties for $26.8 million at a weighted average cap rate of 10.99% during the fiscal year 2024[11] - The company sold seven non-core properties for $39.0 million as part of its capital recycling strategy, recognizing a capital gain of $10.3 million[11][17] - The company leased 1,798,984 square feet of previously vacant space during the year, with lease terms ranging from 0.7 years to 7.2 years[11] Capital Management - The company issued $75.0 million in senior unsecured notes at a fixed interest rate of 6.47% with a maturity date of December 18, 2029[11] - The company emphasizes the importance of its ability to raise additional capital and secure financing for operations and debt refinancing[24] Market Outlook and Risks - The company anticipates continued growth in same store rents, which have increased by approximately 2% annually in recent years[17] - Gladstone Commercial's forward-looking statements regarding income stability and portfolio growth are subject to risks and uncertainties[24] - Economic downturns and tenant performance are significant factors that may impact actual results compared to forecasts[24] - Competition affects efforts to renew existing leases or re-lease space, which could influence overall performance[24] - Changes in interest rates may significantly impact the company's financial outcomes[24] - The company has filed its Form 10-K for the fiscal year ended December 31, 2024, which includes detailed risk factors[24] - Gladstone Commercial does not undertake any obligation to update or revise forward-looking statements unless required by law[25]

Table of Contents For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33097 ____________________________________________________________________ GLADSTONE COMMERCIAL CORPORATION (Exact name of registrant as specified in its charter) ____________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. ...

Core Viewpoint - Gladstone Commercial (GOOD) has been trending on Zacks.com, prompting an analysis of factors that may influence its stock performance in the near term [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Gladstone Commercial is $0.35 per share, reflecting a decrease of -2.8% from the same quarter last year, with the consensus estimate remaining unchanged over the past 30 days [5] - For the current fiscal year, the consensus earnings estimate is $1.43, indicating a decline of -2.7% from the previous year, also unchanged over the last month [5] - The next fiscal year's consensus earnings estimate is $1.45, showing an increase of +1.1% compared to the prior year, with no changes in the estimate over the past month [6] - The Zacks Rank for Gladstone Commercial is 3 (Hold), based on the recent changes in earnings estimates and other related factors [7] Revenue Growth - The consensus sales estimate for the current quarter is $37.45 million, representing a year-over-year increase of +4.3% [9] - For the current fiscal year, the revenue estimates are $149.46 million and $152.29 million, indicating changes of +1.3% and +1.9%, respectively [9] Last Reported Results and Surprise History - In the last reported quarter, Gladstone Commercial achieved revenues of $39.24 million, a year-over-year increase of +7.6%, and an EPS of $0.20 compared to -$0.04 a year ago [11] - The reported revenues exceeded the Zacks Consensus Estimate of $36.66 million by +7.02%, with an EPS surprise of +8.57% [11] - Over the last four quarters, the company surpassed consensus EPS estimates three times and revenue estimates two times [12] Valuation - Gladstone Commercial has a Zacks Value Style Score of C, indicating it is trading at par with its peers [16]

Group 1 - Gladstone Commercial (GOOD) closed at $16.14, reflecting a -0.55% change from the previous day, underperforming the S&P 500's gain of 0.67% [1] - Over the past month, shares of Gladstone Commercial increased by 3.38%, lagging behind the Finance sector's 5.69% gain and outperforming the S&P 500's 2.07% increase [1] Group 2 - The upcoming earnings report for Gladstone Commercial is scheduled for February 18, 2025, with projected earnings per share (EPS) of $0.35, indicating a 2.78% decrease from the same quarter last year [2] - Revenue is estimated to be $37.45 million, representing a 4.29% increase from the prior-year quarter [2] Group 3 - Recent changes to analyst estimates for Gladstone Commercial suggest evolving short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which evaluates estimated changes, currently ranks Gladstone Commercial at 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [5] Group 4 - Gladstone Commercial has a Forward P/E ratio of 11.23, which is lower than the industry average of 11.43, indicating a valuation discount [6] - The company has a PEG ratio of 1.87, compared to the industry average of 2.14, suggesting a favorable growth outlook relative to its peers [7] Group 5 - The REIT and Equity Trust - Other industry, which includes Gladstone Commercial, is ranked 171 in the Zacks Industry Rank, placing it in the bottom 32% of over 250 industries [7][8] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [8]

Gladstone Commercial (GOOD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this real estate investment trust have returned -1.2%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks REIT and Equity Trust - Other industry, which Gladstone Commercial falls in, has gained 1.3%. The key question now is: ...

Core Viewpoint - The average brokerage recommendation (ABR) for Gladstone Commercial (GOOD) is 2.00, indicating a Buy rating based on recommendations from five brokerage firms [2]. Group 1: Brokerage Recommendations - The current ABR of 2.00 is derived from two Strong Buy and one Buy recommendations, which account for 40% and 20% of all recommendations respectively [2]. - Despite the positive ABR, studies suggest that brokerage recommendations may not effectively guide investors in selecting stocks with the highest price increase potential [4][5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [5]. Group 2: Zacks Rank Comparison - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, with a strong correlation to near-term stock price movements [10]. - The Zacks Consensus Estimate for Gladstone Commercial remains unchanged at $1.43, indicating steady analyst views on the company's earnings prospects [12]. - Gladstone Commercial holds a Zacks Rank 3 (Hold), suggesting caution despite the Buy-equivalent ABR [13]. Group 3: Timeliness and Freshness - The ABR may not always reflect the most current information, while the Zacks Rank is updated frequently based on earnings estimate revisions, making it a more timely indicator of future price movements [11].

Stock Performance - Gladstone Commercial (GOOD) closed at $16 03, up 0 12% from the previous session, lagging behind the S&P 500's 0 16% gain and the Dow's 0 25% gain, while the Nasdaq lost 0 06% [1] - Over the last month, GOOD shares decreased by 4 92%, underperforming the Finance sector's loss of 4 27% and the S&P 500's loss of 2 7% [1] Earnings and Revenue Projections - Gladstone Commercial is projected to report earnings of $0 35 per share, a year-over-year decline of 2 78% [2] - Revenue is expected to be $37 45 million, up 4 29% from the prior-year quarter [2] Valuation Metrics - Gladstone Commercial has a Forward P/E ratio of 11 09, indicating a discount compared to its industry's Forward P/E of 11 27 [4] - The company's PEG ratio is 1 85, slightly lower than the industry average of 1 92 [5] Industry and Sector Analysis - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 90, placing it in the top 36% of over 250 industries [6] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6] Analyst Revisions and Zacks Rank - Gladstone Commercial has a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - Recent revisions to analyst forecasts for Gladstone Commercial reflect evolving short-term business trends, with upward revisions indicating analyst positivity [8] - Estimate revisions are directly correlated with near-term share price momentum, and the Zacks Rank model incorporates these changes [9]

In the latest market close, Gladstone Commercial (GOOD) reached $16.22, with a +0.43% movement compared to the previous day. This change lagged the S&P 500's 1.26% gain on the day. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.77%.Heading into today, shares of the real estate investment trust had lost 6.1% over the past month, lagging the Finance sector's loss of 5.29% and the S&P 500's loss of 2.82% in that time.Market participants will be closely fo ...

Gladstone Commercial (GOOD) closed the latest trading day at $16.18, indicating a +0.56% change from the previous session's end. This change outpaced the S&P 500's 0.04% loss on the day. On the other hand, the Dow registered a gain of 0.07%, and the technology-centric Nasdaq decreased by 0.05%.The real estate investment trust's stock has dropped by 8.89% in the past month, falling short of the Finance sector's loss of 4.16% and the S&P 500's gain of 1.05%.The upcoming earnings release of Gladstone Commercia ...