GOOD

Gladstone Commercial Corp
GOOD

$15.14

0.33%

Market Cap: $644M

About: Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.

Employees: 69

Real Estate Lessors of Real Property

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

212% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $402K

43% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 35

5% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 22

4% more capital invested

Capital invested by funds: $245M [Q1] → $256M (+$10.8M) [Q2]

1% more funds holding

Funds holding: 150 [Q1] → 151 (+1) [Q2]

0.61% more ownership

Funds ownership: 44.28% [Q1] → 44.89% (+0.61%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GOOD.

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Financial journalist opinion

Based on 10 articles about GOOD published over the past 30 days

Zacks Investment Research

Gladstone Commercial Grows Industrial Property Base With Acquisition

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

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") 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

Gladstone Commercial Announces Industrial Acquisition in Midland, TX

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

Gladstone Commercial Corporation Announces Election of Katharine Cornell Gorka as Director

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

Zacks Investment Research

Gladstone Commercial (GOOD) Renews Lease With Morgan Stanley

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

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

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

Gladstone Commercial Series E Preferred: We're Still Glad

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

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

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

Zacks Investment Research

Gladstone Commercial (GOOD) Sells Georgia Medical Office Assets

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

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