Gladstone Commercial Corporation Reports Results for the Third Quarter Ended September 30, 2025

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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 / November 4, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) (\"Gladstone Commercial\" or the \"Company\") today reported financial results for the third quarter ended September 30, 2024. A description of funds from operations, or FFO, 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 September 30, 2024 June 30, 2024 $ Change % Change Operating Data: Total operating revenue $39,235 $37,057 $2,178 5.9%Total operating expenses (28,546)(1) (25,973) (2,573) 9.9%Other income (expense), net 1,032 (2) (9,484)(4) 10,516 (110.9)%Net income $11,721 $1,600 $10,121 632.6%Less: Dividends attributable to preferred stock (3,106) (3,116) 10 (0.3)%Less: Dividends attributable to senior common stock (106) (105) (1) 1.0%Add/Less: Gain (loss) on extinguishment of Series F preferred stock, net 2 (4) 6 (150.0)%Net income (loss) available (attributable) to common stockholders and Non-controlling OP Unitholders $8,511 $(1,625) $10,136 (623.8)%Add: Real estate depreciation and amortization 13,343 16,015 (2,672) (16.7)%Add: Impairment charge 4,549 - 4,549 100.0%Add: Loss on sale of real estate, net - 47 (47) (100.0)%Less: Gain on sale of real estate, net (10,319) - (10,319) 100.0%Funds from operations available to common stockholders and Non-controlling OP Unitholders - basic $16,084 $14,437 $1,647 11.4%Add: Convertible senior common distributions 106 105 1 1.0%Funds from operations available to common stockholders and Non-controlling OP Unitholders - diluted $16,190 $14,542 $1,648 11.3% Funds from operations available to common stockholders and Non-controlling OP Unitholders - basic $16,084 $14,437 $1,647 11.4%Add: B...

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