The company did not provide specific guidance or outlook for future periods in the press release
Q2 results
US real estate investment trust's Q2 operating revenue rose 5%, beating analyst expectations
Core FFO per share rose 8.6% to $0.38, driven by a lease termination fee on the property sold during the quarter
The company collected 100% of cash rents and completed property acquisitions and sales
Result drivers and analyst coverage
Lease termination fee - Core FFO increased primarily due to a lease termination fee recognized on the property sold during the quarter
Higher expenses - Higher net incentive fee and increased general and administrative expenses partially offset Core FFO gains
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
Beat
$43.99 mln
$42.18 mln (5 Analysts)
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 is $14.00, about 11.5% above its August 4 closing price of $12.56
GOOD•
