Gladstone Commercial Stock Earnings Reports
Gladstone Commercial Earnings Calls
Release date | May 07, 2025 |
EPS estimate | $0.340 |
EPS actual | $0.340 |
Revenue estimate | 37.332M |
Revenue actual | 37.501M |
Revenue Surprise | 0.452% |
Release date | Feb 18, 2025 |
EPS estimate | $0.110 |
EPS actual | $0.350 |
EPS Surprise | 218.18% |
Revenue estimate | 37.627M |
Revenue actual | 37.375M |
Revenue Surprise | -0.670% |
Release date | Nov 04, 2024 |
EPS estimate | $0.350 |
EPS actual | $0.380 |
EPS Surprise | 8.57% |
Revenue estimate | 38.205M |
Revenue actual | 39.235M |
Revenue Surprise | 2.70% |
Release date | Aug 06, 2024 |
EPS estimate | $0.330 |
EPS actual | $0.360 |
EPS Surprise | 9.09% |
Revenue estimate | 35.81M |
Revenue actual | 37.057M |
Revenue Surprise | 3.48% |
Last 4 Quarters for Gladstone Commercial
Below you can see how GOOD performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Aug 06, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $14.36 |
EPS estimate | $0.330 |
EPS actual | $0.360 |
EPS surprise | 9.09% |
Date | Price |
---|---|
Jul 31, 2024 | $15.05 |
Aug 01, 2024 | $14.88 |
Aug 02, 2024 | $14.67 |
Aug 05, 2024 | $14.02 |
Aug 06, 2024 | $14.36 |
Aug 07, 2024 | $14.54 |
Aug 08, 2024 | $14.67 |
Aug 09, 2024 | $14.68 |
Aug 12, 2024 | $14.61 |
4 days before | -4.58% |
4 days after | 1.74% |
On release day | 1.25% |
Change in period | -2.92% |
Release date | Nov 04, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $16.01 |
EPS estimate | $0.350 |
EPS actual | $0.380 |
EPS surprise | 8.57% |
Date | Price |
---|---|
Oct 29, 2024 | $15.86 |
Oct 30, 2024 | $15.86 |
Oct 31, 2024 | $15.75 |
Nov 01, 2024 | $15.57 |
Nov 04, 2024 | $16.01 |
Nov 05, 2024 | $17.04 |
Nov 06, 2024 | $16.95 |
Nov 07, 2024 | $17.06 |
Nov 08, 2024 | $17.20 |
4 days before | 0.95% |
4 days after | 7.43% |
On release day | 6.43% |
Change in period | 8.45% |
Release date | Feb 18, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $16.04 |
EPS estimate | $0.110 |
EPS actual | $0.350 |
EPS surprise | 218.18% |
Date | Price |
---|---|
Feb 11, 2025 | $16.23 |
Feb 12, 2025 | $16.08 |
Feb 13, 2025 | $16.26 |
Feb 14, 2025 | $16.21 |
Feb 18, 2025 | $16.04 |
Feb 19, 2025 | $16.06 |
Feb 20, 2025 | $15.82 |
Feb 21, 2025 | $15.72 |
Feb 24, 2025 | $15.73 |
4 days before | -1.17% |
4 days after | -1.93% |
On release day | 0.125% |
Change in period | -3.08% |
Release date | May 07, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | $13.83 |
EPS estimate | $0.340 |
EPS actual | $0.340 |
Date | Price |
---|---|
May 01, 2025 | $14.02 |
May 02, 2025 | $14.22 |
May 05, 2025 | $14.09 |
May 06, 2025 | $14.08 |
May 07, 2025 | $13.83 |
May 08, 2025 | $13.78 |
May 09, 2025 | $14.08 |
May 12, 2025 | $14.26 |
May 13, 2025 | $14.35 |
4 days before | -1.36% |
4 days after | 3.76% |
On release day | -0.362% |
Change in period | 2.35% |
Gladstone Commercial Earnings Call Transcript Summary of Q1 2025
Summary of Key Points from Gladstone Commercial Corporation First Quarter Earnings Call
1. Economic Environment:
- The first quarter of 2025 faced economic uncertainty due to tariff announcements impacting global trade.
- U.S. Treasury yields showed volatility; despite this, the industrial real estate sector performed well, with a balanced market indicated by historical vacancy rates.
2. Portfolio Performance:
- Gladstone reported 100% collection of cash-based rents for its industrial properties.
- Industrial properties made up 65% of annualized rent, with occupancy maintained at 98.4%.
- The company sold an office property and recognized a gain of $377,000 and a previously recognized profit of $3.9 million from another property.
3. Acquisition Strategy:
- The company deployed $73 million in capital for new industrial acquisitions, showing a disciplined approach in selecting assets.
- The management targeted increasing industrial concentration to at least 70%.
- They have a pipeline of approximately $70 million in acquisitions expected to close in the upcoming quarter.
4. Financial Highlights:
- FFO and Core FFO per share remained stable at $0.34, the same as Q1 2024.
- Same-store rents increased by 6.6% year-over-year.
- Operating revenues rose to $37.5 million with total operating expenses at $23.9 million.
5. Financial Position and Liquidity:
- The company holds over $99 million in liquidity, including cash and credit availability.
- They successfully raised $27.7 million through the ATM program.
- The current common stock dividend is $0.30 per share, reflecting an 8.68% yield at a share price of $13.83.
6. Market Outlook:
- Despite some price pressures, the management anticipates continued growth in rental rates due to slow construction completions.
- There are ongoing discussions for lease extensions with tenants, focusing on securing higher rates for future renewals.
7. Competitive Landscape:
- Increasing competition from family offices and private equity in acquisitions, but Gladstone maintains a selective and disciplined strategy.
- On the leasing front, end users are dominating the market, which provides stability in occupancy and rental income.
Closing Remarks:
Gladstone remains optimistic about its portfolio performance, focused on acquiring high-quality industrial assets, and enhancing liquidity for upcoming opportunities while managing long-term lease expirations strategically. Investors are encouraged to stay tuned for future updates as the company continues its growth trajectory in the industrial real estate sector.