Gladstone Commercial reports 4Q results

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

The McLean, Virginia-based real estate investment trust said it had funds from operations of $9.4 million, or 38 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 a loss of $312,000, or 1 cent per share.

The real estate investment trust posted revenue of $22 million in the period.

For the year, the company reported funds from operations of $37.1 million, or $1.55 per share. Revenue was reported as $86.4 million.

The company's shares have declined 0.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.99, a rise of 46 percent in the last 12 months.


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