Gladstone Commercial Corporation (GOOD)
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 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 (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 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 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 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 (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 Corporation Announces Sale of Georgia Medical Office Portfolio
MCLEAN, VA / ACCESSWIRE / August 8, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced that on August 7, 2024, it sold two medical office properties located in the Atlanta MSA leased to Northside Hospital, totaling 26,331 square feet at a cap rate of 5.97%. Gladstone Commercial realized a leveraged internal rate of return of approximately 13.2% on the assets, which were originally acquired as a component of an 8-property portfolio transaction in 2007.
Gladstone Commercial Corporation (GOOD) Q2 2024 Earnings Call Transcript
Gladstone Commercial Corporation (NASDAQ:GOOD ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel & Secretary Buzz Cooper - President Gary Gerson - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Dave Storms - Stonegate John Massocca - B. Riley Securities Operator Greetings, and welcome to the Gladstone Commercial Corporation Second Quarter Earnings Call.
Gladstone Commercial (GOOD) Beats Q2 FFO and Revenue Estimates
Gladstone Commercial (GOOD) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.41 per share a year ago.
Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2024
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA / ACCESSWIRE / August 6, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the second quarter ended June 30, 2024.
Gladstone Commercial Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) announces the following event: What: Gladstone Commercial Corporation's Second Quarter Ended June 30, 2024 Earnings Call & Webcast When: Wednesday, August 7, 2024 @ 8:30 a.m. ET Website: Click Here How: By webcast -- Log on to the web at the address above By phone -- Please call (877) 424-3437 Contact: Gladstone Commercial Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through August 14, 2024.
