Gladstone Commercial Corporation (GOOD)
Gladstone Commercial Corporation Executes 7-Year, 2-Month Lease at Industrial Property in Taylor, Pennsylvania
MCLEAN, VA / ACCESSWIRE / June 17, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that it has executed a 7-year, 2-month lease with Hub Group, Inc. ("Hub Group") at its 966,753 SF industrial building in Taylor, Pennsylvania, commencing July 1, 2024. The property was purchased by Gladstone Commercial in 2014.
Gladstone Commercial's 8% Yield Is Available At A Steal
Gladstone Commercial Corporation has collected 100% of its cash rent in 1Q24, making it a compelling investment for passive income investors. The trust is more focused on industrial real estate, which is performing better than office properties. The stock is cheap based on funds from operations (FFO), making it a solid long-term investment option.
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