Stonegate Capital Partners Updates 1Q25 Report on Gladstone Commercial Corp. (GOOD)

Core Insights - Gladstone Commercial Corporation (NASDAQ: GOOD) reported revenue of $37.5 million, FFO per share of $0.34, and AFFO per share of $0.29, which were in line with consensus estimates for FFO but slightly below for revenue and AFFO [1] - Core FFO decreased from $0.35 in Q4 2024 to $0.34 in Q1 2025 [1] Financial Performance - Revenue: $37.5 million compared to estimates of $36.8 million and $37.3 million [1] - FFO per share: $0.34, matching consensus estimates [1] - AFFO per share: $0.29, below the consensus estimate of $0.26 [1] - Core FFO: $0.34 per share, down from $0.35 in the previous quarter [1] Operational Highlights - Six fully leased properties were acquired during the quarter [6] - 100% of rents have been collected year-to-date, with an occupancy rate of 98.4% at the end of the quarter [6] - Industrial properties represent 65% of straight-line rents [6]