FFO per share of $0.38 is flat from last quarter. FFO of $6.04M is up 6.6%, but share count increased by 6.4%. Quarterly dividend is $0.375 per share.
89 properties owned, up 2 from 2013's end. Square footage owned of 9.3M is up marginally. Occupancy rate of 96.8% is flat.
Net loss of $14.6M for quarter as company takes impairment charge of $14M on Roseville, MN property. "We believe the remainder of our portfolio is on solid footing ... We have a very strong pipeline today and expect to close a substantial amount of deals during the remainder of 2014."
GOOD +1.3% AH
Previously: Gladstone Commercial FFO of $0.38