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Stock impact report

Gladstone Commercial Corp (GOOD) Reports 17.3% Decrease in Core FFO for Q3 2023 [Yahoo! Finance]

Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD) 
Last gladstone commercial corporation - real estate investment trust earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstonecommercial.com
Company Research Source: Yahoo! Finance
The company collected 100% of cash rents due during July, August, and September. Gladstone Commercial Corp ( NASDAQ:GOOD ) sold three non-core properties as part of its capital recycling program for $19.0 million. The company's net loss attributable to common stockholders and Non-controlling OP Unitholders for Q3 2023 was $1.4 million, a significant improvement from the net loss of $7.8 million in Q2 2023. On November 6, 2023, Gladstone Commercial Corp ( NASDAQ:GOOD ) released its financial results for the third quarter ended September 30, 2023. The company reported a 17.3% decrease in Core Funds from Operations (FFO) available to common stockholders and Non-controlling OP Unitholders, amounting to $13.7 million, compared to the previous quarter. This decrease was primarily due to accelerated rent from a lease termination recognized during Q2 2023 and higher interest expenses due to rising interest rates. Financial Highlights The company's total operating revenue for Q3 202 Show less Read more
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