Gladstone Commercial Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 01, 2021 at 04:03 pm EDT
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Gladstone Commercial Corporation reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 34.33 million compared to USD 33.14 million a year ago. Revenue was USD 34.33 million compared to USD 33.14 million a year ago. Net income was USD 4.48 million compared to USD 2.85 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.004 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.004 a year ago.
For the nine months, sales was USD 102.38 million compared to USD 100.29 million a year ago. Revenue was USD 102.38 million compared to USD 100.29 million a year ago. Net income was USD 6.7 million compared to USD 6.11 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.08 a year ago.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning, and managing primarily industrial and office properties. The Company conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). It owns 134 properties totaling 16.9 million square feet of rentable space, located in 27 states. The Companyâs 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. The Company's 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 
