NASDAQ$GOOD
Gladstone Commercial Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial results, showing increased total operating revenue and net income.
Gladstone Commercial Corporation reported increased total operating revenue and net income for the third quarter ended September 30, 2024. Total operating revenue increased by 5.9% to $39.235 million, and net income increased significantly to $11.721 million. Core FFO available to common shareholders was $16.3 million, or $0.38 per share.
- Total operating revenue increased by 5.9% to $39.235 million.
- Net income increased to $11.721 million, or $0.20 per share.
- Core FFO available to common shareholders was $16.3 million, or $0.38 per share.
- Collected 100% of cash rents due during July, August, and September.
Headline financials
Revenue & EPS history
Gladstone Commercial · Revenue · Quarterly
$39.2M
Forward guidance
The company anticipates challenges due to the lingering effects of the pandemic, significant inflation, and geo-political and economic issues arising from international wars. They expect to continue to have access to the debt and equity markets, as necessary, for added liquidity and same store rents should continue to rise.
Tailwinds
- Same store property occupancy is tremendous.
- Revenues are stabilized.
- Accretive real estate investments were made during 2023 and 2024.
- Ability to renew tenants.
- Same store rents, which have increased by 2% annually in recent years, should continue to rise.
Headwinds
- Challenges due to the lingering effects of the pandemic.
- Significant inflation with a corresponding increase in interest rates.
- Geo-political and economic issues arising from international wars.
- Economic uncertainty.
- Tenants will have to successfully navigate the current economic climate.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.2%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+20.3%
Q1 2020
Best reaction
-6.5%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | -2.6% | -0.9% | |
| Q4 2025 | +5.0% | +9.4% | +2.3% | |
| Q3 2025 | +0.6% | -4.2% | -5.0% | |
| Q1 2025 | -0.4% | +3.8% | +4.6% | |
| Q4 2024 | +0.1% | -1.9% | -8.2% | |
| Q3 2024 | +9.4% | +10.5% | +12.0% | |
| Q2 2024 | +3.7% | +4.7% | +8.4% | |
| Q1 2024 | +6.2% | +8.8% | +7.0% | |
| Q4 2023 | +1.0% | -0.4% | +8.0% | |
| Q3 2023 | -4.3% | -5.5% | +5.8% | |
| Q2 2023 | +3.6% | +2.8% | -4.8% | |
| Q1 2023 | -0.3% | -3.2% | +1.9% | |
| Q4 2022 | -5.9% | -10.4% | -22.7% | |
| Q3 2022 | +1.9% | +9.4% | +10.8% | |
| Q2 2022 | -1.7% | -4.3% | -9.0% | |
| Q1 2022 | -2.4% | -8.7% | -4.5% | |
| Q4 2021 | +3.0% | +0.8% | +1.1% | |
| Q3 2021 | +1.2% | +3.5% | +0.3% | |
| Q2 2021 | -1.8% | -1.0% | -2.8% | |
| Q1 2021 | -2.1% | -2.0% | +6.8% | |
| Q4 2020 | -0.5% | -3.5% | +3.1% | |
| Q3 2020 | -1.1% | +12.3% | +12.9% | |
| Q2 2020 | +2.6% | +0.1% | +1.8% | |
| Q1 2020 | +20.3% | +13.5% | +18.3% | |
| Q4 2019 | -1.2% | -1.4% | -30.8% | |
| Q3 2019 | +3.7% | +4.1% | +0.2% | |
| Q2 2019 | -0.7% | -0.5% | +5.9% | |
| Q1 2019 | +4.7% | +1.9% | -1.1% | |
| Q4 2018 | +2.2% | +3.2% | +3.3% | |
| Q3 2018 | +2.0% | +1.2% | +2.6% | |
| Q2 2018 | +1.8% | +1.1% | +2.3% | |
| Q1 2018 | +4.2% | +5.1% | +8.4% | |
| Q4 2017 | -1.4% | +0.0% | +3.7% | |
| Q3 2017 | +5.6% | +4.3% | +6.5% | |
| Q2 2017 | -3.6% | -3.5% | -0.0% | |
| Q1 2017 | -6.5% | -7.2% | -6.5% | |
| Q4 2016 | +0.4% | +1.0% | -0.7% | |
| Q3 2016 | -6.0% | -3.4% | +5.3% | |
| Q2 2016 | +1.3% | +2.5% | +0.7% | |
| Q1 2016 | -1.0% | — | — | |
| Q4 2015 | +7.7% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +0.9% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | -1.8% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q3 2010 | -0.7% | — | — | |
| Q2 2011 | -2.1% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q4 2010 | -2.1% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2010 | +4.4% | — | — |
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