MCLEAN, VA / ACCESS Newswire / June 26, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a 215,102 square foot, crane-served industrial manufacturing, distribution, and warehouse facility located in Harrison Township, Michigan. The property was acquired for $16.25 million at a weighted average GAAP capitalization rate of 9.59%.
Gladstone Commercial benefits from strong industrial real estate demand, driven by eCommerce growth, high occupancy rates, and rising rents. The company is expanding its industrial portfolio, acquiring new properties, and growing funds from operations, supporting future cash flow growth. Gladstone Commercial's 8% dividend yield is well-covered by FFO, offering attractive passive income at a discount valuation compared to peers.
Gladstone Commercial (GOOD) closed the most recent trading day at $14.57, moving +1.32% from the previous trading session.
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5 May 2025 Date | | 0.04 Cons. EPS | 0.04 EPS |
19 Feb 2025 Date | | 0.04 Cons. EPS | 0.05 EPS |
4 Nov 2024 Date | | - Cons. EPS | 0.18 EPS |
6 Aug 2024 Date | | 0.01 Cons. EPS | - EPS |
8 May 2024 Date | | - Cons. EPS | - EPS |
![]() GOOD 1 week ago Announced | Monthly | $0.1 Per Share |
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5 May 2025 Date | | 0.04 Cons. EPS | 0.04 EPS |
19 Feb 2025 Date | | 0.04 Cons. EPS | 0.05 EPS |
4 Nov 2024 Date | | - Cons. EPS | 0.18 EPS |
6 Aug 2024 Date | | 0.01 Cons. EPS | - EPS |
8 May 2024 Date | | - Cons. EPS | - EPS |
REIT - Diversified Industry | Real Estate Sector | David J. Gladstone CEO | XDUS Exchange | US3765361080 ISIN |
US Country | 74 Employees | 20 Jun 2025 Last Dividend | - Last Split | 14 Aug 2003 IPO Date |
Gladstone Commercial Corporation is a distinguished real estate investment trust (REIT) that specializes in the acquisition, ownership, and operation of net leased industrial and office properties throughout the United States. Since its inception in 2003, Gladstone Commercial has demonstrated a strong commitment to providing consistent returns to its investors. This commitment is highlighted by its impressive track record of 229 consecutive monthly cash distributions on its common stock, including payments through January 2024, following an initial period of quarterly distributions. Gladstone Commercial's steadfast approach to maintaining regular distributions underscores its reliability and dedication to shareholder value, a principle that has guided the company since it was established.
Gladstone Commercial actively seeks to expand its portfolio by acquiring high-quality industrial properties that are leased to reliable tenants. This strategy involves investing in properties across diverse geographic locations within the United States, ensuring a robust and resilient portfolio that can withstand market fluctuations. By focusing on net leased assets, Gladstone minimizes operational responsibilities, allowing for a more predictable revenue stream.
Similar to its industrial property investments, Gladstone Commercial also targets office properties for acquisition and ownership. These properties are carefully selected based on long-term net lease agreements with dependable tenants, providing a stable income source. This approach allows Gladstone Commercial to maintain a diverse and durable investment portfolio, catering to the unique needs of its investors and tenants alike.
Beyond acquisition and ownership, Gladstone Commercial plays a vital role in the operation of its leased properties. This entails the management of property-related responsibilities and ensuring that properties are maintained to a high standard to serve both tenants and investors effectively. The active involvement in property operations underscores Gladstone's commitment to asset quality and operational excellence, pivotal for sustaining tenant satisfaction and securing long-term leases.