Gladstone Commercial

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Gladstone Commercial reports strong Q4 earnings amidst economic challenges

Gladstone Commercial's Q4 2022 earnings call showcased solid financial performance, proactive decision-making, and strategic focus on industrial assets. While economic challenges and lease expirations pose concerns, opportunities in debt refinancing and portfolio optimization were highlighted. Executives expressed confidence in the team's performance and readiness for future growth.

Gladstone Commercial reports solid Q1 results amidst industrial focus

Gladstone Commercial's Q1 2023 performance reflects strong financial results, strategic focus on industrial assets, and proactive portfolio optimization.
The company faces challenges from economic uncertainties but stands to benefit from growth opportunities in industrial acquisitions and market conditions.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, Gladstone Commercial aims to drive sustainable growth and enhance shareholder value.

Gladstone Commercial excels in Q2 with industrial asset focus

Gladstone Commercial's Q2 performance reflects a strategic focus on industrial assets, financial transparency, and effective management.
The company's strengths lie in proactive asset management, successful acquisitions, and a clear vision for portfolio composition.
Challenges include market transitions, asset disposition strategies, and maintaining financial stability amidst uncertainties, while opportunities exist in industrial growth and strategic optimizations.

Gladstone Commercial excels in Q3 with industrial asset focus

Gladstone Commercial's Q3 performance reflects a strategic emphasis on industrial assets, driving growth and financial stability.
Despite potential challenges in the commercial real estate sector, the company's strong financial position and operational focus position them well for opportunities.
With a solid performance, strategic strengths, identified challenges, and growth opportunities, Gladstone Commercial remains well-positioned for future success.

Gladstone Commercial reports strong Q4 performance and growth strategies

Gladstone Commercial's Q4 2023 earnings call showcased strong financial performance and strategic focus on industrial assets.
The company's robust debt profile and liquidity position provide a solid foundation for future growth.
While challenges like interest rate fluctuations exist, opportunities in acquisitions and portfolio optimization offer avenues for continued success.

Gladstone Commercial reports stable Q1 performance amidst industrial real estate focus

Gladstone Commercial delivered a solid performance in Q1 2024 with stable FFO and high portfolio occupancy, reflecting effective asset management.
While challenges like credit quality and market uncertainties exist, the company's strategic focus on industrial real estate presents growth opportunities.
By navigating challenges cautiously and leveraging market opportunities, Gladstone Commercial aims to sustain its financial resilience and drive future growth.

Gladstone Commercial reports strong Q3 performance and eyes industrial growth

Gladstone Commercial's Q3 performance reflects a robust financial position and strategic portfolio management.
While facing challenges in the acquisition market and lease expirations, the company is well-positioned to capitalize on growth opportunities.
By focusing on industrial asset growth and maintaining financial strength, Gladstone Commercial aims for sustained success in the coming year.

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Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. It operates through the Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan, South Carolina, and All Other States geographic locations. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

Gladstone Commercial (GOOD) concluded the recent trading session at $15.50, signifying a +1.31% move from its prior day's close.

Gladstone Commercial (GOOD) Outperforms Broader Market: What You Need to Know

As part of its efforts to expand in strong industrial locations, GOOD acquires an industrial manufacturing, distribution and service facility in Midland, TX.

Gladstone Commercial Grows Industrial Property Base With Acquisition

MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that it has executed an 8-year lease extension with Elster Solutions, LLC ("Elster") at its 58,926 square foot flex / R&D building in Raleigh, North Carolina. Elster is owned by Honeywell International Inc. ("Honeywell"), who is the guarantor on the lease.

Gladstone Commercial Executes 8-Year Lease Extension at Flex / R&D Property in Raleigh, NC

MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 50,102 square foot Class A industrial manufacturing, distribution, and service facility in Midland, Texas, at a weighted GAAP capitalization rate of 9.94%. The property was acquired in a long-term sale-leaseback transaction with a 15-year absolute NNN lease.

Gladstone Commercial Announces Industrial Acquisition in Midland, TX

MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party.

Gladstone Commercial Corporation Announces Election of Katharine Cornell Gorka as Director

Gladstone Commercial (GOOD) announces a five-year lease renewal with Morgan Stanley, which reflects the decent demand for its properties.

Gladstone Commercial (GOOD) Renews Lease With Morgan Stanley

Morgan Stanley

MCLEAN, VA / ACCESSWIRE / August 20, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced today that it has executed a 5-year lease extension with Morgan Stanley Smith Barney Financing LLC ("Morgan Stanley") through December 31, 2030 for 72,301 square feet of its 101,869 square foot office building located at 4343 Easton Commons in Columbus, Ohio. This lease renewal continues Morgan Stanley's existing tenancy that began in 2008.

Gladstone Commercial Executes 5 Year Lease Renewal at Office Property in Columbus, OH

Series E preferred shares offer an attractive yield and potential for a high IRR if called in October, though recent share issuance makes us believe this is less likely. Series E shares remain well covered by asset value, redemption timing remains the key risk. While redemption in October is less likely, Series E shares still offer an attractive yield and option value.

Gladstone Commercial Series E Preferred: We're Still Glad

Gladstone Commercial Corporation is a well-managed commercial real estate trust with investments in office and industrial properties. The trust covered its dividend with funds from operations, collected 100% of cash rent, and aims to increase industrial property exposure for future growth. Despite a decline in core funds from operations, the 8% dividend yield appears sustainable, with a focus on industrial properties driving potential FFO growth.

Gladstone Commercial: 8% Yield, 83% Pay-Out Ratio, Strategic Portfolio Shift

Gladstone Commercial is transitioning its portfolio to net lease industrial assets, improving credit quality and reassuring preferred equity holders. Gladstone Commercial Series G preferred offers a compelling 7.50% yield, with the potential for price appreciation due to yield scarcity. Market pricing of Gladstone Commercial Series G preferred at $20.00 provides a $5.00 discount to par value, offering a potential 25% upside if yield scarcity develops.

Gladstone Commercial Series G Preferred: Solid 7.5% Monthly Payer With 25% Upside To Call

Gladstone Commercial's (GOOD) sale of the Georgia medical office portfolio comes as part of the company's capital recycling efforts.

Gladstone Commercial (GOOD) Sells Georgia Medical Office Assets

Dallas, Texas--(Newsfile Corp. - August 8, 2024) - Gladstone Commercial Corp. (NASDAQ: GOOD): Stonegate Capital Partners updates their coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Capital Partners Updates 2Q24 Report on Gladstone Commercial Corp. (GOOD)

MCLEAN, VA / ACCESSWIRE / August 8, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that on August 7, 2024, it sold two medical office properties located in the Atlanta MSA leased to Northside Hospital, totaling 26,331 square feet at a cap rate of 5.97%. Gladstone Commercial realized a leveraged internal rate of return of approximately 13.2% on the assets, which were originally acquired as a component of an 8-property portfolio transaction in 2007.

Gladstone Commercial Corporation Announces Sale of Georgia Medical Office Portfolio

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Gladstone Commercial Corporation (NASDAQ:GOOD ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel & Secretary Buzz Cooper - President Gary Gerson - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Dave Storms - Stonegate John Massocca - B. Riley Securities Operator Greetings, and welcome to the Gladstone Commercial Corporation Second Quarter Earnings Call.

Gladstone Commercial Corporation (GOOD) Q2 2024 Earnings Call Transcript

Gladstone Commercial (GOOD) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.41 per share a year ago.

Gladstone Commercial (GOOD) Beats Q2 FFO and Revenue Estimates

Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA / ACCESSWIRE / August 6, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the second quarter ended June 30, 2024.

Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2024

Zacks.com users have recently been watching Gladstone Commercial (GOOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Gladstone Commercial Corporation (GOOD) a Buy Now?

Gladstone Commercial (GOOD) closed at $14.67 in the latest trading session, marking a +0.55% move from the prior day.

Gladstone Commercial (GOOD) Ascends While Market Falls: Some Facts to Note

In the latest trading session, Gladstone Commercial (GOOD) closed at $14.35, marking a -1.71% move from the previous day.

Gladstone Commercial (GOOD) Declines More Than Market: Some Information for Investors

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U.S. equity markets climbed to record highs, while benchmark interest rates dipped to four-month lows as investors rotated from high-flying growth stocks into beaten-down value names following a cooler-than-expected CPI report. Headline CPI declined 0.1% month-over-month, which dragged the annual increase to below 3% for the first time since March 2021, while CPI ex-Shelter is again below the Fed's 2% target. Combined with recent softness in employment data and relatively dovish Fed commentary, markets now see at least two Fed rate cuts this year, with September now viewed as a near-lock.

REITs Rip As Rates Retreat

The solid demand for Gladstone Commercial's (GOOD) properties helps it experience high occupancy and collection of 100% of the cash base rent through June.

Gladstone Commercial (GOOD) Records High Occupancy, Collections

MCLEAN, VA / ACCESSWIRE / July 10, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning, and operating net leased industrial properties across the United States. We are providing the following semi-annual business update regarding our portfolio performance during a time of market volatility.

Gladstone Commercial Provides a Semi-Annual Business Update

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Thinking Outside The (Net Lease REIT) Box

MCLEAN, VA / ACCESSWIRE / July 9, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of July, August and September 2024 and also announced its plan to report earnings for the second quarter ended June 30, 2024. Cash Distributions: Common Stock: $0.10 cash distribution per common share for each of July, August and September 2024, payable per Table 1 below.

Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2024 and Earnings Release and Conference Call Dates for its Second Quarter Ended June 30, 2024

News for Gladstone Commercial Stock (GOOD)