Gladstone Commercial Corp Stock Price, News & Analysis

Gladstone Commercial Corporation (Nasdaq:GOOD) reported its Q1 2025 financial results. Key highlights include: - Total operating revenue of $37.5M (up 0.3% QoQ) - Core FFO of $15.3M ($0.34 per share), down 0.2% from Q4 2024 - Net income of $1.9M ($0.04 per share), down from $4.0M in Q4 2024 - 100% rent collection rate for Q1 2025 and April 2025 Notable Q1 activities: - Acquired 6 fully-occupied properties (355,778 sq ft) for $73.7M at 8.39% cap rate - Renewed/leased 67,709 sq ft with 3.0-year term - Issued $27.7M in common stock and $0.3M in Series F Preferred Stock - Portfolio occupancy at 98.4% Post-quarter activities included selling two non-core properties for $23.6M, issuing $7.2M in common stock, and maintaining monthly distributions of $0.30 per common share.

Gladstone Commercial Corporation (NASDAQ: GOOD), a REIT specializing in net leased industrial and office properties across the United States, has announced its First Quarter 2025 Earnings Call and Webcast. The event will take place on Thursday, May 8, 2025, at 8:30 a.m. ET.

Participants can join via webcast at the provided link or by phone at (877) 407-9045. A conference call replay will be available through May 15, 2025, by dialing (877) 660-6853 with playback conference number 13752157. The call will also be archived on the company's website at www.gladstonecommercial.com.

Gladstone Commercial (NASDAQ:GOOD) has announced its monthly cash distributions for Q2 2025 and upcoming earnings release schedule. The company will distribute $0.10 per common share monthly for April, May, and June 2025, totaling $0.30 for the quarter. This marks the company's 243rd consecutive monthly distribution.

Additional distributions include:

• Senior Common Stock: $0.0875 monthly ($0.2625 quarterly)
• Series E Preferred Stock: $0.138021 monthly ($0.414063 quarterly)
• Series F Preferred Stock: $0.125 monthly ($0.375 quarterly)
• Series G Preferred Stock: $0.125 monthly ($0.375 quarterly)

The company will report Q1 2025 earnings on May 7, 2025, after market close, with a conference call scheduled for May 8, 2025. As of December 31, 2024, the REIT's portfolio includes 135 properties across 27 states, comprising approximately 16.9 million square feet.

Gladstone Commercial (Nasdaq:GOOD) has acquired a newly constructed 140,304 square-foot Class A USDA food processing facility near Dallas/Fort Worth International Airport for $44 million at an 8.44% weighted average GAAP capitalization rate.

The state-of-the-art facility features ammonia cold storage space, 40-foot clear heights, 15 dock doors, and a cross-dock configuration. The property is secured under an 11.3-year absolute NNN lease and is 100% leased to Three Sons Holding Inc., operating as American Meat Companies (AMC), a third-generation family-owned business established in 1975.

AMC specializes in producing high-quality steaks, hamburger patties, pork chops, poultry items, and custom-prepared products. The acquisition aligns with Gladstone Commercial's strategy of acquiring high-quality, mission-critical assets leased to creditworthy tenants in robust industrial markets.

Gladstone Commercial (NASDAQ:GOOD) has acquired a 215,474 square foot, Class A industrial manufacturing facility in Houston, Texas, at a weighted GAAP capitalization rate of 8.31%. The facility was acquired through a long-term sale-leaseback transaction with a 10-year absolute NNN lease.

The property is 100% leased to CSE W-Industries, a U.S. based subsidiary of CSE Global specializing in system integration for energy, infrastructure, and electrification industries. The tenant designs and delivers tailored solutions, including electrical control systems, hydraulic power units, and pressure vessels for data centers and critical applications.

The modern, crane-served facility serves as a key manufacturing hub for CSE W-Industries' electrification business. The acquisition aligns with Gladstone Commercial's strategy of acquiring high-quality, functional assets leased to creditworthy tenants in strong industrial markets.

Gladstone Commercial (NASDAQ: GOOD) reported its fourth quarter 2024 financial results. The company achieved revenue of $37.4 million, slightly below consensus estimates of $38.0 million. Core FFO per share was $0.35, compared to $0.38 in Q3 2024, with the decrease primarily attributed to a property settlement.

The company demonstrated strong operational performance with 98.7% occupancy levels and achieved 100% rent collection year-to-date. Notably, GOOD's liquidity position improved significantly, showing a 57.1% year-over-year increase.

Gladstone Commercial (GOOD) reported its Q4 and full-year 2024 financial results. For Q4 2024, the company reported net income of $7.2 million, with FFO of $15.3 million ($0.35 per share). Full-year 2024 net income was $24.0 million, with FFO of $59.7 million ($1.41 per share).

Key 2024 highlights include: acquisition of seven fully-occupied properties for $26.8 million at a 10.99% cap rate; sale of seven non-core properties for $39.0 million; 100% collection of base rent; issuance of $53.5 million in common stock; and issuance of $75.0 million in senior unsecured notes at 6.47%. The company maintained a high occupancy rate of 98.7% and renewed leases totaling 1.1 million square feet.

Gladstone Commercial (Nasdaq:GOOD) has announced its Fourth Quarter 2024 Earnings Call & Webcast, scheduled for Wednesday, February 19, 2025, at 8:30 a.m. ET. The event will be accessible via webcast and phone, with a conference call replay available through February 26, 2025, using playback conference number 13750256.

Participants can join the webcast through the company's website or dial (866) 424-3437 for the live call. The replay can be accessed by dialing (877) 660-6853. Gladstone Commercial operates as a REIT specializing in net leased industrial and office properties across the United States.

Gladstone Commercial (Nasdaq:GOOD) reported key business developments for 2024, highlighting significant progress in portfolio optimization and financial strengthening. The company secured a $75.0 million private placement of 6.47% senior unsecured notes due December 2029, expanding its financing options. Acquisition activity included $26.8 million in new industrial properties across seven locations, totaling 316,727 square feet with average lease terms exceeding 20 years.

The company increased its industrial portfolio concentration to 63% of annualized straight-line rent, up from 60% in 2023. Leasing activity saw renewals and extensions of 2.94 million square feet across 11 properties, generating a $3.8 million increase in GAAP rent. Property dispositions included seven non-core assets (five office and two medical office properties). Occupancy improved to 98.7% from 96.8% year-over-year, with $93.0 million in available liquidity at year-end.