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Stonegate Capital Partners Updates 4Q24 Report on Gladstone Commercial Corp. (GOOD)

Core Insights - Gladstone Commercial Corporation (NASDAQ: GOOD) reported revenue of $37.4 million, FFO per share of $0.35, and AFFO per share of $0.23, which fell short of consensus estimates [1] - Core FFO decreased from $0.38 in Q3 2024 to $0.35 in Q4 2024, primarily due to a settlement received at one property [1] Financial Performance - Revenue: $37.4 million compared to estimates of $38.6 million and $38.0 million [1] - FFO per share: $0.35 against estimates of $0.34 and $0.35 [1] - AFFO per share: $0.23 compared to estimates of $0.31 and $0.28 [1] - Core FFO for the quarter was $0.35 per share, down from $0.38 in Q3 2024 [1] Operational Metrics - Liquidity position increased by 57.1% year-over-year [3] - Occupancy levels remained strong at 98.7% [3] - 100% of rents were collected year-to-date [3]