Gladstone Commercial Corporation's Q1 Financial Results

Gladstone Commercial Corporation (Nasdaq:GOOD) released its financial outcomes for Q1 2025, ending March 31. Total operating revenue rose slightly by 0.3% to $37.5 million compared to the previous quarter. Operating expenses decreased by 4.5%, resulting in an improvement of $1.1 million.

Despite the increase in revenue, net income fell by 28.6% to $5.1 million. Dividends for preferred and common stocks remained stable. Funds from operations (FFO) and Core FFO slightly decreased by 0.1% and 0.2%, respectively. Net income per share dropped substantially by 55.6%.

The company's financial position showed an increase in real estate assets by 5.6% to $1.29 billion. Total assets experienced a 6.0% growth. However, liabilities such as mortgage notes and loans increased by 6.8% to $740.7 million. Total equity rose by 3.5% to $353.4 million.