Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2021

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[{"type":"text","content":"Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.MCLEAN, VA / ACCESSWIRE / August 9, 2021 / Gladstone Commercial Corporation (Nasdaq:GOOD) (\"Gladstone Commercial\" or the \"Company\") today reported financial results for the second quarter ended June 30, 2021. A description of funds from operations, or FFO, FFO as adjusted for comparability, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For further detail, please also refer to both the quarterly financial supplement and the Company's Quarterly Report on Form 10-Q, which can be retrieved from the investors section of our website at www.gladstonecommercial.com.Summary Information (dollars in thousands, except share and per share data): As of and for the three months ended June 30, 2021 March 31, 2021 $ Change % Change Operating Data: Total operating revenue $33,371 $34,677 $(1,306) (3.8)%Total operating expenses (24,987) (26,904) 1,917 (7.1)%Other expense, net (6,263) (7,735)(1) 1,472 (19.0)%Net income $2,121 $38 $2,083 5,481.6%Less: Dividends attributable to preferred stock (2,856) (2,847) (9) 0.3%Less: Series D Preferred Stock offering costs write off (2,141) - (2,141) 100.0%Less: Dividends attributable to senior common stock (177) (187) 10 (5.3)%Net loss attributable to common stockholders and Non-controlling OP Unitholders $(3,053) $(2,996) $(57) 1.9%Add: Real estate depreciation and amortization 14,191 16,710 (2,519) (15.1)%Add: Loss on sale of real estate - 882 (882) (100.0)%Funds from operations available to common stockholders and Non-controlling OP Unitholders - basic $11,138 $14,596 $(3,458) (23.7)%Add: Convertible senior common distributions 177 187 (10) (5.3)%Funds from operations available to common stockholders and Non-controlling OP Unitholders - diluted $11,315 $14,783 $(3,468) (23.5)%Add: Series D Preferred Stock offering costs write off 2,141 - 2,141 100.0%Funds from operations available to common stockholders and Non-controlling OP Unitholders - diluted, as adjusted for comparability $13,456 $14,783 $(1,327) (9.0)% Funds from operat...

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