Gladstone Commercial Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 39.24 million compared to USD 36.46 million a year ago. Revenue was USD 39.24 million compared to USD 36.46 million a year ago. Net income was USD 11.68 million compared to USD 1.79 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 112.01 million compared to USD 111.68 million a year ago. Revenue was USD 112.01 million compared to USD 111.68 million a year ago. Net income was USD 16.81 million compared to USD 0.448 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to diluted loss per share from continuing operations of USD 0.23 a year ago.