Gladstone Commercial: Fourth Quarter Earnings Overview

Gladstone Commercial Corp. Announces Fourth Quarter Financial Results

Gladstone Commercial Corp., a real estate investment trust headquartered in McLean, Virginia, released its fourth-quarter financial performance on Wednesday.

During this period, the company reported funds from operations totaling $17.9 million, which translates to 37 cents per share.

Funds from operations, a significant metric in the REIT sector, is calculated by adjusting net income for items like depreciation and amortization.

Net income for the quarter reached $2.2 million, or 5 cents per share.

The trust also reported quarterly revenue of $43.5 million.

For the full year, Gladstone Commercial Corp. recorded $65.7 million in funds from operations and generated $161.3 million in revenue.

This article was produced by Automated Insights using information from Zacks Investment Research.