Gladstone Commercial Q3 revenue beats estimates on strong rent collection

Gladstone Commercial

03/11/2025 21:13

Overview

Gladstone Q3 operating revenue grows 3.3%, beating analyst expectations

Net income for Q3 beats analyst estimates despite decline from prior quarter

Company acquired six-facility portfolio and sold non-core property

Outlook

Gladstone Commercial did not provide specific future guidance in the statement

Result Drivers

PROPERTY ACQUISITIONS - Co acquired a six-facility portfolio, contributing to increased operating revenue

RENT COLLECTION - Co collected 100% of cash rents due during Q3

CAPITAL RECYCLING - Sale of non-core property aligns with capital recycling strategy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
Beat
$40.84 mln
$40.10 mln (4 Analysts)
Q3 Net Income
Beat
$4.13 mln
$4.07 mln (4 Analysts)
Q3 Operating Expenses
-$26.02 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Gladstone Commercial Corp is $14.50, about 21.2% above its October 31 closing price of $11.43

The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 48 three months ago

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