Gladstone Commercial Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 02:20 am IST
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Gladstone Commercial Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 38.66 million compared to USD 36.4 million a year ago. Revenue was USD 38.66 million compared to USD 36.4 million a year ago. Net loss was USD 4.52 million compared to net income of USD 1.63 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.04 a year ago.
For the six months, sales was USD 75.21 million compared to USD 71.93 million a year ago. Revenue was USD 75.21 million compared to USD 71.93 million a year ago. Net loss was USD 1.34 million compared to net income of USD 5.08 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.19 compared to USD 0.03 a year ago.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and operating net leased industrial and office properties across the United States. It conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns about 133 properties totaling 16.84 million square feet of rentable space, located in 27 states. Its properties are geographically diversified, and its tenants cover a broad cross section of business sectors and range in size from small to large private and public companies. Its properties are located in various states of the United States, such as Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan and South Carolina. The Company's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, and others.
GLADSTONE COMMERCIAL CORPORATION 
