MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Commercial Corp. (GOOD) on Tuesday 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 $17 million, or 35 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 $3.8 million, or 8 cents per share.
The real estate investment trust, based in McLean, Virginia, posted revenue of $41.9 million in the period.
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