Gladstone Commercial: Q1 Earnings Snapshot

MCLEAN, Va. (AP) _ Gladstone Commercial Corp. (GOOD) on Wednesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $15.3 million, or 40 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it...

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MCLEAN, Va. (AP) _ Gladstone Commercial Corp. (GOOD) on Wednesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $15.3 million, or 40 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $324,000, or 1 cent per share.

The real estate investment trust posted revenue of $35.5 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOD at https://www.zacks.com/ap/GOOD

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