Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions. The company has also paid 53 consecutive monthly cash distributions on its Series D Preferred Stock, 12 consecutive monthly cash distributions on its Series E Preferred Stock and three consecutive monthly cash distributions on its Series F Preferred Stock. Gladstone Commercial has never skipped, reduced or deferred a distribution since its inception in 2003.
IPO Year: 2003
Exchange: NASDAQ
Website: gladstonecommercial.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/18/2024 | $15.50 | Buy | Alliance Global Partners |
1/13/2023 | $17.50 | Buy → Neutral | Janney |
8/10/2021 | $23.00 → $26.00 | Buy | Aegis Capital |
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
SC 13G/A - GLADSTONE COMMERCIAL CORP (0001234006) (Subject)
Alliance Global Partners initiated coverage of Gladstone Commercial with a rating of Buy and set a new price target of $15.50
Janney downgraded Gladstone Commercial from Buy to Neutral and set a new price target of $17.50
Aegis Capital reiterated coverage of Gladstone Commercial with a rating of Buy and set a new price target of $26.00 from $23.00 previously
Colliers Securities initiated coverage of Gladstone Commercial with a rating of Buy and set a new price target of $25.00
Aegis Capital initiated coverage of Gladstone Commercial with a rating of Buy and set a new price target of $23.00
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
MCLEAN, VA / ACCESS Newswire / January 22, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to report another successful year of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.Issuance of Senior Unsecured Notes:In December 2024, we closed on a $75.0 million private placement of 6.47% senior unsecured notes due December 18, 2029. The ability to execute follow-on issuances will add a new and efficient financing source to facilitate growing our industrial portfolio.Acquisition Activity:We completed $26.8 million in n
MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March 2025 and also announced its plan to report earnings for the fourth quarter ended December 31, 2024.Cash Distributions:Common Stock: $0.10 cash distribution per common share for each of January, February and March 2025, payable per Table 1 below. The Company has paid 240 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.Table 1: Summary of common sto
MCLEAN, VA / ACCESSWIRE / December 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") today announced that its subsidiary, Gladstone Commercial Limited Partnership ("Gladstone LP"), has closed $75 million in aggregate principal amount of 6.47% senior unsecured notes due December 18, 2029 (the "Notes"), in a private placement with certain institutional investors.Gladstone LP plans to use the proceeds to repay outstanding indebtedness under its senior unsecured revolving credit facility, to pre-pay a portion of its $60 million Term Loan B facility and for general corporate purposes."We are excited by the support of high-quality, long-term institutional investors
MCLEAN, VA / ACCESSWIRE / November 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 124,500 square foot industrial manufacturing, distribution, and warehouse facility in St. Clair, Missouri.Gladstone Commercial acquired the property subject to a 20-year absolute NNN lease to ATRO, LLC, a leader in manufacturing durable and high-performance heavy-duty polyurethane truck parts that extend the lifespan of truck components and reduce the total cost of ownership for fleet operators."We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This well-located facility adds s
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. Following Mr. Brubaker's departure, Michael LiCalsi, the Company's General Counsel and Secretary, who also serves as Gladstone Administration's President, General Counsel an
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.MCLEAN, VA / ACCESSWIRE / November 4, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the third quarter ended September 30, 2024. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For fur
MCLEAN, VA / ACCESSWIRE / November 1, 2024 / Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Stephanie Conkright as a Director of National Accounts, primarily covering the Independent Broker Dealer channel. Stephanie will join Sean Boyd (Director of National Accounts) as he transitions to primarily developing and covering the RIA channel.Ms. Conkright, based in Irvine, California, has over 17 years of
MCLEAN, VA / ACCESSWIRE / October 31, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) announces the following event:What:Gladstone Commercial Corporation's Third Quarter Ended September 30, 2024 Earnings Call & Webcast When:Tuesday, November 5, 2024 @ 8:30 a.m. ET Website:https://event.choruscall.com/mediaframe/webcast.html?webcastid=G6zOrjHx 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 November 12, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748
MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of October, November and December 2024 and also announced its plan to report earnings for the third quarter ended September 30, 2024.Cash Distributions:Common Stock: $0.10 cash distribution per common share for each of October, November and December 2024, payable per Table 1 below. The Company has paid 237 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.Table 1: Summary of commo
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
10-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
10-Q - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
8-K - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
10-Q - GLADSTONE COMMERCIAL CORP (0001234006) (Filer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
3 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
3 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
3 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. Following Mr. Brubaker's departure, Michael LiCalsi, the Company's General Counsel and Secretary, who also serves as Gladstone Administration's President, General Counsel an
MCLEAN, VA / ACCESSWIRE / February 9, 2022 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. We are providing the following business update regarding our portfolio performance during a time of market volatility related to, among other factors, the global COVID-19 pandemic.99% of January 2022 cash base rents have been paid and collected.Portfolio occupancy is at 97.2%, as of January 31, 2022.We remain within a small subset of U.S. equity REITs that have maintained their dividend rate and payment of distribut
MCLEAN, VA / ACCESSWIRE / November 9, 2021 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to announce the appointment of EJ Wislar as Head of its Northeast Region. Mr. Wislar will have responsibility for sourcing net leased real estate acquisitions and sale-leaseback investments in the Northeast and Southeast Regions, while also managing and servicing Gladstone Commercial's existing assets in the regions in coordination with his asset management teams.Mr. Wislar joined Gladstone in 2018 and has worked on originating nearly $250 million in new acquisitions. He has led the Southeast Region since March 2021 and is expanding his role with the addition of the
NEW YORK--(BUSINESS WIRE)--Bridge Investment Group LLC (“Bridge”) today announced the launch of its industrial net lease strategy (“Bridge Industrial Net Lease”), which aims to focus on acquiring attractively priced mission critical industrial net lease real estate scaled for diversification and durable income in prime U.S. growth markets. Within this new strategy, Bridge will leverage its nationwide real estate platform and deep in-house operating platforms, which is expected to enable Bridge Industrial Net Lease to efficiently acquire, manage, re-lease, and maximize returns in stabilized industrial assets for the strategy. On the strategy launch, Robert Morse, Executive Chairma
MCLEAN, VA / ACCESSWIRE / March 25, 2021 / Gladstone Securities LLC (the "Company"), an affiliated broker-dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Land Corporation (NASDAQ:LAND) ("Gladstone Land") and Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial"), has hired Sean Boyd as its Vice President/National Accounts Manager. Mr. Boyd becomes the Company's second hire, where he joins the recently named National Sales Manager, John Sabey, in the continued distribution team build out. The Company previously engaged third party vendors and their wholesaling and
MCLEAN, VA / ACCESSWIRE / March 16, 2021 / Gladstone Securities LLC (the "Company"), an affiliated broker dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offerings for certain affiliated Gladstone funds, including Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land") and Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial"), has hired John Sabey as its Executive Vice President/National Sales Manager. Mr. Sabey becomes the Company's first hire for its new distribution team, as it previously engaged third party vendors and their wholesaling teams to distribute preferred stock offerings for both Gladstone Land and Gladstone Comme
MCLEAN, VA / ACCESSWIRE / January 12, 2021 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March 2021 and also announced its plan to report earnings for the fourth quarter ended December 31, 2020. Cash Distributions: Common Stock: $0.12515 cash distribution per common share for each of January, February and March 2021, payable per Table 1 below. The Company has paid 192 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions. The Company has never
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
MCLEAN, VA / ACCESS Newswire / January 22, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") is pleased to report another successful year of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.Issuance of Senior Unsecured Notes:In December 2024, we closed on a $75.0 million private placement of 6.47% senior unsecured notes due December 18, 2029. The ability to execute follow-on issuances will add a new and efficient financing source to facilitate growing our industrial portfolio.Acquisition Activity:We completed $26.8 million in n
MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March 2025 and also announced its plan to report earnings for the fourth quarter ended December 31, 2024.Cash Distributions:Common Stock: $0.10 cash distribution per common share for each of January, February and March 2025, payable per Table 1 below. The Company has paid 240 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.Table 1: Summary of common sto
MCLEAN, VA / ACCESSWIRE / December 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") today announced that its subsidiary, Gladstone Commercial Limited Partnership ("Gladstone LP"), has closed $75 million in aggregate principal amount of 6.47% senior unsecured notes due December 18, 2029 (the "Notes"), in a private placement with certain institutional investors.Gladstone LP plans to use the proceeds to repay outstanding indebtedness under its senior unsecured revolving credit facility, to pre-pay a portion of its $60 million Term Loan B facility and for general corporate purposes."We are excited by the support of high-quality, long-term institutional investors
MCLEAN, VA / ACCESSWIRE / November 18, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") has acquired a 124,500 square foot industrial manufacturing, distribution, and warehouse facility in St. Clair, Missouri.Gladstone Commercial acquired the property subject to a 20-year absolute NNN lease to ATRO, LLC, a leader in manufacturing durable and high-performance heavy-duty polyurethane truck parts that extend the lifespan of truck components and reduce the total cost of ownership for fleet operators."We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This well-located facility adds s
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.MCLEAN, VA / ACCESSWIRE / November 4, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the third quarter ended September 30, 2024. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For fur
MCLEAN, VA / ACCESSWIRE / October 31, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) announces the following event:What:Gladstone Commercial Corporation's Third Quarter Ended September 30, 2024 Earnings Call & Webcast When:Tuesday, November 5, 2024 @ 8:30 a.m. ET Website:https://event.choruscall.com/mediaframe/webcast.html?webcastid=G6zOrjHx 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 November 12, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748
MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of October, November and December 2024 and also announced its plan to report earnings for the third quarter ended September 30, 2024.Cash Distributions:Common Stock: $0.10 cash distribution per common share for each of October, November and December 2024, payable per Table 1 below. The Company has paid 237 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.Table 1: Summary of commo
MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("Gladstone Commercial") announced that it has executed an 8-year lease extension with Elster Solutions, LLC ("Elster") at its 58,926 square foot flex / R&D building in Raleigh, North Carolina. Elster is owned by Honeywell International Inc. ("Honeywell"), who is the guarantor on the lease. The property was purchased by Gladstone Commercial in 2003 and has been leased to Elster since that time.Elster is a market leader and specialist for metering, regulation, flow measurement, and control equipment and systems focused on gas, and was acquired by Honeywell in 2016. Honeywell is a multinational conglom
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. The property is 100% leased to a leading provider of electrical feedthrough connectors, wellhead solutions, and related services, targeting E&P operators primarily in the Permian Basin. The acquisition is consistent with Gladstone Commercial's growth strategy of acquiring functional assets leased to credit-w
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)
4 - GLADSTONE COMMERCIAL CORP (0001234006) (Issuer)