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Gladstone Commercial Corporation - GOOD STOCK NEWS

Welcome to our dedicated page for Gladstone Commercial Corporation news (Ticker: GOOD), a resource for investors and traders seeking the latest updates and insights on Gladstone Commercial Corporation stock.

Gladstone Commercial Corporation (NASDAQ: GOOD) is a publicly traded real estate investment trust (REIT) focusing on single-tenant and anchored multi-tenant net leased industrial, office, and, to a lesser extent, medical properties across the United States. Known for its strategic investments, Gladstone Commercial also collaborates with developers on build-to-suit projects where tenants require new buildings. The company's robust portfolio includes properties with strong tenants of varying sizes, emphasizing a track record of superior credit underwriting of middle-market businesses.

Under the guidance of David Gladstone, the senior management team brings over 200 years of combined experience in real estate and middle-market business investments. Gladstone Commercial targets high-growth primary and secondary markets with favorable economic trends, diversified industries, growing populations, and strong employment rates. The company's strategic approach has resulted in consistent occupancy rates above 96%, signifying a stable and reliable income stream for investors.

Recent achievements include the successful management and occupancy of 135 properties in 27 states, totaling approximately 17.2 million square feet as of the latest reports. The company has also maintained a remarkable history of paying continuous monthly cash distributions for over a decade, reinforcing its reputation for financial stability and investor trust.

As part of its financial strategies, Gladstone Commercial offers a dividend reinvestment plan (DRIP) to its common and Series F preferred stockholders, providing a flexible investment option for shareholders. The company publicly reports its quarterly earnings, the latest being scheduled for discussion on an earnings call on May 7, 2024, following the first quarter results for the fiscal year 2024.

The company's focus on industrial and office properties ensures a diversified and resilient investment portfolio. Despite global economic uncertainties, Gladstone Commercial remains confident in the depth of its tenant credit underwriting and operational strategies. For more detailed financial performance and investor relations information, please visit their official website at www.gladstonecommercial.com.

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Gladstone Commercial (NASDAQ:GOOD), a REIT specializing in net leased industrial properties, provided a semi-annual business update amid market volatility. The company reported 100% collection of cash base rents and a portfolio occupancy rate of 98.5% as of June 30, 2024. Key acquisitions included a 142,125 square foot facility in Pennsylvania costing $11.7 million with a 12.3% GAAP capitalization rate. Significant sales of office properties in Ohio, Utah, Texas, and New Jersey were noted. From January to June 2024, Gladstone extended or executed leases for 2.4 million square feet with five tenants, generating $11.4 million in annualized straight-line rent, marking a 46% increase. The company maintains solid liquidity, with $48.8 million available as of June 30, 2024.

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Gladstone Commercial (NASDAQ: GOOD) has declared monthly cash distributions for July, August, and September 2024. Common stockholders will receive $0.10 per share each month, totaling $0.30 for the quarter. Senior common stockholders will receive $0.0875 per share monthly, totaling $0.2625 for the quarter. Series E Preferred Stockholders will get $0.138021 monthly, totaling $0.414063 for the quarter, while Series F and Series G Preferred Stockholders will each receive $0.125 monthly, totaling $0.375 per quarter. Additionally, Gladstone will release its Q2 2024 earnings on August 6, with a conference call scheduled for August 7.

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Gladstone Commercial (Nasdaq: GOOD) has signed a 7-year, 2-month lease with Hub Group (Nasdaq: HUBG) for its 966,753 square foot industrial building in Taylor, Pennsylvania. The lease begins on July 1, 2024, and ensures full occupancy of the property, which was acquired by Gladstone in 2014. Hub Group, a major third-party logistics provider, will occupy the entire building. Executives from Gladstone Commercial emphasized the significance of this lease in showcasing the quality of their industrial portfolio and meeting tenant demand efficiently.

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Gladstone Commercial Corp. (GOOD) receives coverage update by Stonegate Capital Partners, highlighting strong fundamentals with 98.9% occupancy levels, diversified property portfolio, and 100% rent collection in YTD.

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Gladstone Commercial (NASDAQ:GOOD) has acquired a 142,125 square foot industrial facility in Warfordsburg, PA for $11.7 million. The property is 100% leased in a long-term sale-leaseback deal with a credit-worthy tenant. The acquisition aligns with Gladstone Commercial's strategy of acquiring industrial assets in strong markets.

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Gladstone Commercial reported financial results for the first quarter ended March 31, 2024. The company's Core FFO decreased by 4.5% to $13.9 million, and net income dropped to $0.3 million. Gladstone Commercial successfully collected 100% of cash rents and sold non-core properties. The company's President, Buzz Cooper, highlighted stable revenues, successful capital recycling programs, and positive tenant credit underwriting.

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Gladstone Commercial (Nasdaq: GOOD) announces its First Quarter Ended March 31, 2024 Earnings Call & Webcast on May 7, 2024. The company is a real estate investment trust focusing on net leased industrial and office properties in the US.

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Gladstone Commercial (GOOD) announces cash distributions for April, May, and June 2024, along with plans to report Q1 earnings. The company declares dividends for common stock, senior common stock, preferred stocks, and offers a DRIP. Earnings report scheduled for May 6, 2024, with a conference call on May 7, 2024.
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Stonegate Capital Partners updates coverage on Gladstone Commercial Corp. (GOOD) with strong fundamentals, high occupancy levels, industrial property diversification, and 100% rent collection in 2023.
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Gladstone Commercial Corporation (GOOD) reported financial results for Q4 and FY 2023, showing a 10.1% increase in FFO for Q4 and a 3.1% decrease for FY 2023. Core FFO also increased for Q4 but decreased for FY 2023. The company acquired properties, sold non-core assets, and maintained high occupancy rates.
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FAQ

What is Gladstone Commercial Corporation?

Gladstone Commercial Corporation (NASDAQ: GOOD) is a publicly traded real estate investment trust (REIT) that focuses on acquiring, owning, and operating net leased industrial, office, and medical properties across the United States.

What types of properties does Gladstone Commercial invest in?

Gladstone Commercial invests in single-tenant and anchored multi-tenant net leased industrial, office, and medical properties. They also engage in build-to-suit projects with developers.

How long has Gladstone Commercial been paying monthly cash distributions?

Gladstone Commercial has been paying continuous monthly cash distributions for over 10 years, demonstrating its commitment to providing stable returns to its investors.

What is the occupancy rate of Gladstone Commercial's properties?

Gladstone Commercial maintains a high occupancy rate, consistently above 96%, signifying the reliability and stability of its rental income.

What markets does Gladstone Commercial target for its investments?

The company targets primary and secondary growth markets with favorable economic trends, diversified industries, growing populations, and strong employment rates.

Who manages Gladstone Commercial Corporation?

Gladstone Commercial is managed under the leadership of David Gladstone, with a senior management team that has over 200 years of combined experience in real estate and middle-market business investments.

Does Gladstone Commercial offer a dividend reinvestment plan?

Yes, Gladstone Commercial offers a dividend reinvestment plan (DRIP) to its common and Series F preferred stockholders, allowing them to reinvest their dividends.

When will Gladstone Commercial report its next quarterly earnings?

Gladstone Commercial plans to report its earnings for the first quarter ended March 31, 2024, after the stock market closes on May 6, 2024. A conference call to discuss the results will be held on May 7, 2024.

How can I get more information about Gladstone Commercial's financial performance?

For detailed financial performance and investor relations information, visit Gladstone Commercial's official website at www.gladstonecommercial.com.

What is the primary focus of Gladstone Commercial's investments?

Gladstone Commercial primarily focuses on investing in industrial properties and actively managing its portfolio to ensure stability and growth in its target markets.

Gladstone Commercial Corporation

Nasdaq:GOOD

GOOD Rankings

GOOD Stock Data

589.60M
40.05M
1.48%
45.68%
2%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
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United States of America
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