Gladstone Commercial offers a 7.6% dividend yield and is undervalued with a P/FFO of 11.1, below its historical and peer averages. GOOD's portfolio transition from office to industrial properties is progressing well, with strong occupancy at 98.7% and solid rent collection. GOOD maintains a sound balance sheet with a net debt to gross assets ratio of 44% and 99% of its debt being fixed or hedged.
As part of its efforts to expand in strong industrial locations, GOOD acquires an industrial manufacturing facility in Houston, TX.
MCLEAN, VA / ACCESS Newswire / February 20, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") 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, which features modern construction and crane-served capabilities, was acquired through a long-term sale-leaseback transaction with a 10-year absolute NNN lease.
Dallas, Texas--(Newsfile Corp. - February 20, 2025) - Gladstone Commercial Corporation.(NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: GOOD).
Gladstone Commercial Corporation (NASDAQ:GOOD ) Q4 2024 Earnings Conference Call February 19, 2025 8:30 AM ET Company Participants David Gladstone - Chairman & Chief Executive Officer Michael LiCalsi - General Counsel & Secretary Buzz Cooper - President Gary Gerson - Chief Financial Officer & Assistant Treasurer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery Scott John Massocca - B. Riley Securities Dave Storms - Stonegate Capital Craig Kucera - Lucid Capital Markets Operator Greetings.
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA / ACCESS Newswire / February 18, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2024.
MCLEAN, VA / ACCESS Newswire / February 17, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) announces the following event: What: Gladstone Commercial Corporation's Fourth Quarter Ended December 31, 2024 Earnings Call & Webcast When: Wednesday, February 19, 2025 @ 8:30 a.m. ET Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ru6LtFJn How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Commercial Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through February 26, 2025.
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In the latest trading session, Gladstone Commercial (GOOD) closed at $16.14, marking a -0.55% move from the previous day.
In the most recent trading session, Gladstone Commercial (GOOD) closed at $16.14, indicating a -1.71% shift from the previous trading day.