Gladstone Commercial Q4 2023 FFO $0.36 Beats $0.34 Estimate, Sales $35.91M Miss $36.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gladstone Commercial (NASDAQ:GOOD) reported Q4 2023 FFO of $0.36 per share, surpassing the $0.34 estimate, but its sales of $35.91M fell short of the $36.80M estimate. This represents a 5.88% increase in earnings per share and a 3.52% decrease in sales compared to the same period last year.
February 21, 2024 | 9:51 pm
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Gladstone Commercial's Q4 2023 FFO exceeded expectations at $0.36/share, outperforming the $0.34 estimate, but sales of $35.91M didn't meet the $36.80M forecast.
The mixed results with an earnings beat but a slight miss in sales projections could lead to a neutral short-term impact on Gladstone Commercial's stock price. The positive earnings surprise may be offset by the slight disappointment in sales, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100