Gladstone Commercial Corporation (GOOD)

NASDAQ: GOOD · Real-Time Price · USD
16.00
-0.05 (-0.31%)
Oct 7, 2024, 4:00 PM EDT - Market closed
-0.31%
Market Cap 680.53M
Revenue (ttm) 145.15M
Net Income (ttm) -1.41M
Shares Out 42.53M
EPS (ttm) -0.04
PE Ratio n/a
Forward PE n/a
Dividend $1.20 (7.50%)
Ex-Dividend Date Sep 20, 2024
Volume 152,806
Open 15.99
Previous Close 16.05
Day's Range 15.87 - 16.07
52-Week Range 11.40 - 16.43
Beta 1.20
Analysts Strong Buy
Price Target 15.50 (-3.13%)
Earnings Date Nov 4, 2024

About GOOD

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions. Gladstone Commercial has never skipped or deferred a distribution since its inception in 2003. [Read more]

Sector Real Estate
Founded 2003
Employees 69
Stock Exchange NASDAQ
Ticker Symbol GOOD
Full Company Profile

Financial Performance

In 2023, Gladstone Commercial's revenue was $147.58 million, a decrease of -0.94% compared to the previous year's $148.98 million. Losses were -$7.74 million, 406.1% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GOOD stock is "Strong Buy" and the 12-month stock price forecast is $15.5.

Price Target
$15.5
(-3.13% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Gladstone Securities Hires East and West Region Wholesalers

MCLEAN, VA / ACCESSWIRE / October 7, 2024 / Gladstone Securities LLC ("Company"), an affiliated broker-dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offering...

Other symbols: GLADLAND
8 hours ago - Accesswire

Understanding Net Lease Yields And Who Leads The Way

Net lease REITs offer passive income with less cash flow volatility due to tenant responsibility for property expenses, making them attractive for long-term dividend growth. Capitalization rates, divi...

Other symbols: ADCEPRTNETLO
9 hours ago - Seeking Alpha

Trick Or Treat, 3 Scary REITs

Healthcare Realty Trust, Global Net Lease, and Gladstone Commercial are REITs to avoid due to poor dividend growth and high payout ratios. HR's dividend history is weak with a payout ratio of 111%, in...

Other symbols: GNLHR
9 hours ago - Seeking Alpha

Gladstone Commercial Executes 8-Year Lease Extension at Flex / R&D Property in Raleigh, NC

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, LL...

4 weeks ago - Accesswire

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, ...

4 weeks ago - Accesswire

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 Directo...

6 weeks ago - Accesswire

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 Sm...

Other symbols: MS
6 weeks ago - Accesswire

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 co...

7 weeks ago - Seeking Alpha

Gladstone Commercial: 8% Yield, 83% Pay-Out Ratio, Strategic Portfolio Shift

Gladstone Commercial Corporation is a well-managed commercial real estate trust with investments in office and industrial properties. The trust covered its dividend with funds from operations, collect...

7 weeks ago - Seeking Alpha

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 c...

7 weeks ago - Seeking Alpha

Stonegate Capital Partners Updates 2Q24 Report on Gladstone Commercial Corp. (GOOD)

Dallas, Texas--(Newsfile Corp. - August 8, 2024) - Gladstone Commercial Corp. (NASDAQ: GOOD): Stonegate Capital Partners updates their coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). To view th...

2 months ago - Newsfile Corp

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 th...

2 months ago - Accesswire

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 Coun...

2 months ago - Seeking Alpha

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 Cor...

2 months ago - Accesswire

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 Ear...

2 months ago - Accesswire

REITs Rip As Rates Retreat

U.S. equity markets climbed to record highs, while benchmark interest rates dipped to four-month lows as investors rotated from high-flying growth stocks into beaten-down value names following a coole...

3 months ago - Seeking Alpha

Gladstone Commercial Provides a Semi-Annual Business Update

MCLEAN, VA / ACCESSWIRE / July 10, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) ("we" or "Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning, and o...

3 months ago - Accesswire

Thinking Outside The (Net Lease REIT) Box

Thinking outside the box involves looking at problems from a different perspective, such as using virtual reality to stimulate creativity. Realty Income has grown into a $73 billion REIT by thinking o...

3 months ago - Seeking Alpha

Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2024 and Earnings Release and Conference Call Dates for its Second Quarter Ended June 30, 2024

MCLEAN, VA / ACCESSWIRE / July 9, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of July, ...

3 months ago - Accesswire

5 Roughed-Up REITs With 11%+ Average Yields

I love the economics of real estate. But a landlord I'm not.

Other symbols: GMREHIWOUTUNIT
3 months ago - Forbes

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 Grou...

Other symbols: HUBG
4 months ago - Accesswire

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...

4 months ago - Seeking Alpha

Triple Net REITs Mispriced As Tenancy Shifts

There is significant mispricing among triple net REITs due to a lack of consideration for changing the tenant landscape. Net store openings indicate positive occupancy and rental rates, but some REITs...

Other symbols: ADCBNLCVSEPRTNTSTOPINE
4 months ago - Seeking Alpha

Deep Fishing For Bargains: 2 Preferred Stocks Up To 9% Yield

Traditional fixed-income recommendations hinder portfolio performance, failing to outpace inflation or meet income needs. Our fixed-income allocation features high-yield, attractively discounted prefe...

Other symbols: TDS
4 months ago - Seeking Alpha

Stonegate Updates Coverage on Gladstone Commercial Corp. (GOOD) Q1 2024

Dallas, Texas--(Newsfile Corp. - May 10, 2024) - Gladstone Commercial Corp. (NASDAQ: GOOD): Stonegate Capital Partners updates their coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). To view the ...

5 months ago - Newsfile Corp