Gladstone Commercial Q1 revenue falls

Gladstone Commercial

05/05/2026 22:37

Overview

US real estate investment trust's Q1 total operating revenue fell 3.6% from prior quarter

Net income available to common stockholders rose 71.5% from previous quarter

Core FFO per share fell 5.4%, mainly due to lease termination fee and prior settlement

Outlook

Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers

ABSENCE OF ONE-TIME ITEMS - Core FFO fell mainly due to a lease termination fee and easement settlement recognized in the prior quarter, not repeated in Q1

LOWER INTEREST EXPENSE - Decrease in interest expense partially offset Core FFO decline, due to deferred financing fees written off in prior period

STABLE RENT COLLECTION - Collected 100% of cash rents due during the quarter, supporting consistent revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.08


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified reits peer group is "hold."

Wall Street's median 12-month price target for Gladstone Commercial Corp is $13.50, about 5.6% above its May 4 closing price of $12.78

The stock recently traded at 86 times the next 12-month earnings vs. a P/E of 78 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)