Gladstone Commercial Corp. (GOOD, Financial) filed Quarterly Report for the period ended 2012-09-30.
Gladstone Commercial Corporation has a market cap of $198.3 million; its shares were traded at around $18.55 with a P/E ratio of 12.4 and P/S ratio of 4.5. The dividend yield of Gladstone Commercial Corporation stocks is 8.3%. Gladstone Commercial Corporation had an annual average earning growth of 6% over the past 5 years.
The incentive fee increased for the three and nine months ended September 30, 2012, as compared to the three and nine months ended September 30, 2011, because of an increase in pre-incentive fee FFO. The increase in pre-incentive fee FFO was due to an increase in rental revenues from the 11 acquisitions made over the past twelve months, which was partially offset by an increase in property operating, due diligence and interest expense during the three and nine months ended September 30, 2012, as compared to the three and nine months ended September 30, 2011.
Basic funds from operations per share, or Basic FFO per share, and diluted funds from operations per share, or Diluted FFO per share, is FFO available to common stockholders divided by the number of weighted average shares of common stock outstanding and FFO available to common stockholders divided by the number of weighted average shares of common stock outstanding on a diluted basis, respectively, during a period. We believe that FFO available to common stockholders, Basic FFO per share and Diluted FFO per share are useful to investors because they provide investors with a further context for evaluating our FFO results in the same manner that investors use net income and earnings per share, or EPS, in evaluating net income available to common stockholders. In addition, because most REITs provide FFO available to common stockholders, Basic FFO and Diluted FFO per share information to the investment community, we believe these are useful supplemental measures when comparing us to other REITs. We believe that net income is the most directly comparable GAAP measure to FFO, Basic EPS is the most directly comparable GAAP measure to Basic FFO per share, and that diluted EPS is the most directly comparable GAAP measure to Diluted FFO per share.
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Gladstone Commercial Corporation has a market cap of $198.3 million; its shares were traded at around $18.55 with a P/E ratio of 12.4 and P/S ratio of 4.5. The dividend yield of Gladstone Commercial Corporation stocks is 8.3%. Gladstone Commercial Corporation had an annual average earning growth of 6% over the past 5 years.
Highlight of Business Operations:
Tenant recovery revenue remained relatively flat for the three and nine months ended September 30, 2012, as compared to the three and nine months ended September 30, 2011. There was an increase in insurance premiums from 2011, resulting in increased reimbursements from our tenants; however, this was partially offset by a decrease in franchise taxes owed in certain states that are reimbursable by our tenants.The incentive fee increased for the three and nine months ended September 30, 2012, as compared to the three and nine months ended September 30, 2011, because of an increase in pre-incentive fee FFO. The increase in pre-incentive fee FFO was due to an increase in rental revenues from the 11 acquisitions made over the past twelve months, which was partially offset by an increase in property operating, due diligence and interest expense during the three and nine months ended September 30, 2012, as compared to the three and nine months ended September 30, 2011.
Basic funds from operations per share, or Basic FFO per share, and diluted funds from operations per share, or Diluted FFO per share, is FFO available to common stockholders divided by the number of weighted average shares of common stock outstanding and FFO available to common stockholders divided by the number of weighted average shares of common stock outstanding on a diluted basis, respectively, during a period. We believe that FFO available to common stockholders, Basic FFO per share and Diluted FFO per share are useful to investors because they provide investors with a further context for evaluating our FFO results in the same manner that investors use net income and earnings per share, or EPS, in evaluating net income available to common stockholders. In addition, because most REITs provide FFO available to common stockholders, Basic FFO and Diluted FFO per share information to the investment community, we believe these are useful supplemental measures when comparing us to other REITs. We believe that net income is the most directly comparable GAAP measure to FFO, Basic EPS is the most directly comparable GAAP measure to Basic FFO per share, and that diluted EPS is the most directly comparable GAAP measure to Diluted FFO per share.
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