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 ( GOOD ) 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $40.84 $40.10

Operatin mln mln (4

g Analysts

Revenue )

Q3 Net Beat $4.13 $4.07

Income mln mln (4

Analysts

)

Q3 -$26.02

Operatin mln

g

Expenses

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 ( GOOD ) 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 [email protected]. For any other questions or feedback, contact .

(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.)