Gladstone mercial (US:GOOD) Newsfileยท2024-11-05 21:36Core Insights - Gladstone Commercial Corporation reported revenue of $39.2 million, exceeding consensus estimates of $36.8 million [3] - Funds from Operations (FFO) per share was $0.38, above estimates of $0.36, while Adjusted Funds from Operations (AFFO) per share was $0.14, compared to estimates of $0.31 [3] - Core FFO increased from $0.36 in Q2 2024 to $0.38 in Q3 2024, driven by a $2.0 million settlement related to deferred maintenance [3] Financial Performance - Revenue: $39.2 million, compared to estimates of $36.8 million [3] - FFO per share: $0.38, above the consensus estimate of $0.36 [3] - AFFO per share: $0.14, lower than the estimate of $0.31 [3] - Core FFO increased sequentially from $0.36 to $0.38 [3] Operational Highlights - Occupancy levels remain strong at 98.5% [4] - Diversification is evident with 63% of properties being industrial [4] - 100% of rents have been collected year-to-date [4]