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Gladstone Commercial Corporation GOOD Number of real estate properties, held for sale

Discontinued — last reported Q1 '23

Number of real estate properties, held for sale at other companies

National Health Investors logo
National Health InvestorsNHI
37+3,600%
Sonida Senior Living logo
Sonida Senior LivingSNDA
$1
Sonida Senior Living logo
Sonida Senior LivingSNDA
1
Pathfinder Bancorp logo
Pathfinder BancorpPBHC
3
Net Lease Office Properties logo
Net Lease Office PropertiesNLOP
18-50.0%
Summit Hotel Properties logo
Summit Hotel PropertiesINN
2

Other financials

Income statement

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Revenue$44.0M+11.3%
Net income$8.3M+78.4%
EPS (diluted)$0.11+267%

Balance sheet

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Cash & equivalents$15.8M-0.6%
Total debt$250.7M-5.3%
Total equity$157.4M-11.2%
Total assets$1.2B+2.7%

Cash flow

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Operating cash flow$17.6M-51.0%

Valuation

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Market cap$618.16M+1.7%
Enterprise value$853.11M-0.4%
P/E25×+3.8×
P/S3.6×-0.3×

Profitability

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Net margin14.5%-4.1pp

Returns & leverage

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Return on equity14.8%-2.9pp
Debt / equity1.6×+0.1×

Where this comes from

Reported directly by Gladstone Commercial Corporation in its filing.

Tagged under the XBRL concept good:NumberOfRealEstatePropertiesHeldForSale.

The source filing: Gladstone Commercial Corporation’s 10-Q, filed May 3, 2023.

Filed
May 3, 2023
Fiscal quarter
Q1 FY2023
Calendar quarter
Q1 2023
Accession
0001234006-23-000007

At March 31, 2023, we had two properties classified as held for sale, located in Columbia, South Carolina and Baytown, Texas. We consider these assets to be non-core to our long term strategy. At December 31, 2022, we had one property classified as held for sale, located in Columbia, South Carolina.

Item 1. Financial Statements (Unaudited)

FAQ

What is Gladstone Commercial Corporation's number of real estate properties, held for sale?
Gladstone Commercial Corporation (GOOD) reported number of real estate properties, held for sale of 2 in Q1 2023.
What does number of real estate properties, held for sale mean?
Number of real estate properties, held for sale as reported by Gladstone Commercial Corporation - REIT.

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