Gladstone Commercial

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

Earnings data Q1 2021

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Gladstone Commercial reports strong Q4 earnings amidst economic challenges

Gladstone Commercial's Q4 2022 earnings call showcased solid financial performance, proactive decision-making, and strategic focus on industrial assets. While economic challenges and lease expirations pose concerns, opportunities in debt refinancing and portfolio optimization were highlighted. Executives expressed confidence in the team's performance and readiness for future growth.

Gladstone Commercial reports solid Q1 results amidst industrial focus

Gladstone Commercial's Q1 2023 performance reflects strong financial results, strategic focus on industrial assets, and proactive portfolio optimization.
The company faces challenges from economic uncertainties but stands to benefit from growth opportunities in industrial acquisitions and market conditions.
By addressing challenges, leveraging strengths, and capitalizing on opportunities, Gladstone Commercial aims to drive sustainable growth and enhance shareholder value.

Gladstone Commercial excels in Q2 with industrial asset focus

Gladstone Commercial's Q2 performance reflects a strategic focus on industrial assets, financial transparency, and effective management.
The company's strengths lie in proactive asset management, successful acquisitions, and a clear vision for portfolio composition.
Challenges include market transitions, asset disposition strategies, and maintaining financial stability amidst uncertainties, while opportunities exist in industrial growth and strategic optimizations.

Gladstone Commercial excels in Q3 with industrial asset focus

Gladstone Commercial's Q3 performance reflects a strategic emphasis on industrial assets, driving growth and financial stability.
Despite potential challenges in the commercial real estate sector, the company's strong financial position and operational focus position them well for opportunities.
With a solid performance, strategic strengths, identified challenges, and growth opportunities, Gladstone Commercial remains well-positioned for future success.

Gladstone Commercial reports strong Q4 performance and growth strategies

Gladstone Commercial's Q4 2023 earnings call showcased strong financial performance and strategic focus on industrial assets.
The company's robust debt profile and liquidity position provide a solid foundation for future growth.
While challenges like interest rate fluctuations exist, opportunities in acquisitions and portfolio optimization offer avenues for continued success.

Gladstone Commercial reports stable Q1 performance amidst industrial real estate focus

Gladstone Commercial delivered a solid performance in Q1 2024 with stable FFO and high portfolio occupancy, reflecting effective asset management.
While challenges like credit quality and market uncertainties exist, the company's strategic focus on industrial real estate presents growth opportunities.
By navigating challenges cautiously and leveraging market opportunities, Gladstone Commercial aims to sustain its financial resilience and drive future growth.

Gladstone Commercial reports strong Q3 performance and eyes industrial growth

Gladstone Commercial's Q3 performance reflects a robust financial position and strategic portfolio management.
While facing challenges in the acquisition market and lease expirations, the company is well-positioned to capitalize on growth opportunities.
By focusing on industrial asset growth and maintaining financial strength, Gladstone Commercial aims for sustained success in the coming year.

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Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. It operates through the Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan, South Carolina, and All Other States geographic locations. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

MCLEAN, VA / ACCESSWIRE / August 29, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced today that it sold its 60,000 SF Parsippany, New Jersey office building on August 25, 2022. Gladstone Commercial realized a leveraged internal rate of return of approximately 15% on the property, which it originally acquired in 2011.

Gladstone Commercial Corporation Announces Sale of Parsippany, NJ Office Building

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MCLEAN, VA / ACCESSWIRE / August 22, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced today that it has executed a 5-year, 4-month lease with Moss & Associates LLC ("Moss") for 47,566 SF at its 119,224 SF office building in Fort Lauderdale, Florida, commencing on November 1, 2025. Moss is currently sub-leasing the same amount of space through October 31, 2025 from the current full building tenant.

Gladstone Commercial Corporation Executes 5-Year, 4-Month Lease at Office Property in Fort Lauderdale, FL

MCLEAN, VA / ACCESSWIRE / August 18, 2022 / On August 18, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) announced today that it amended, extended and upsized its syndicated revolving credit and term loan facility from $325 million to $480 million. The term loan component was upsized by $135 million, while the revolving credit facility was upsized by $20 million.

Gladstone Commercial Amends, Extends and Upsizes Credit Facility

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MCLEAN, VA / ACCESSWIRE / August 8, 2022 / On August 5, 2022, Gladstone Commercial Corporation (Nasdaq:GOOD) acquired a 246,000 square foot, two-property, industrial portfolio, with locations in Vineland, NJ, and Bridgeton, NJ, for a gross purchase price of $32.5 million at a GAAP capitalization rate of 7.2%. The portfolio, acquired in a sale/leaseback transaction, is 100% leased to Garden State Bulb Company and its affiliates, with fifteen (15) years of remaining absolute NNN term.

Gladstone Commercial Announces $32.5 Million Industrial Portfolio Acquisition

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MCLEAN, VA / ACCESSWIRE / August 4, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced today that it executed a 5-year lease renewal with Corning, Inc. ("Corning") at its 120,000 SF industrial building in Horseheads, New York. The property has been fully occupied by Corning since Gladstone Commercial's purchase in 2005.

Gladstone Commercial Corporation Executes 5-Year Lease Renewal at Industrial Property in Horseheads, New York

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Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Gladstone Commercial Corporation (NASDAQ:GOOD ) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel and Secretary Buzz Cooper - President Gary Gerson - Chief Financial Officer Conference Call Participants Gaurav Mehta - EF Hutton Craig Kucera - B. Riley James Allen Villard - Ladenburg Thalmann Operator Greetings and welcome to the Gladstone Commercial Corporation Second Quarter Earnings Conference Call.

Gladstone Commercial Corporation (GOOD) CEO David Gladstone on Q2 2022 Results - Earnings Call Transcript

Gladstone Commercial (GOOD) delivered FFO and revenue surprises of 2.63% and 0.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Commercial (GOOD) Q2 FFO and Revenues Beat Estimates

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 1, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the second quarter ended June 30, 2022. 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.

Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2022

MCLEAN, VA / ACCESSWIRE / July 28, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced it has entered into a 5.7 year lease with Cognizant Technology Solutions U.S. Corporation ("Cognizant") for 41,225 square feet of its 320,000 square foot, four story office building, located at 717 East Parmer Lane in Austin, Texas, bringing occupancy to approximately 70%. "We are delighted to have Cognizant in our portfolio and express thanks to their real estate department for their assistance on the deal.

Gladstone Commercial Corporation Announces Five-Year Lease at Austin, TX Office Building

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MCLEAN, VA / ACCESSWIRE / July 13, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") announced that its board of directors appointed EJ Wislar as its Chief Investment Officer, effective July 12, 2022. Mr. Wislar joined the Company in 2018 and will continue to serve as Head of the Southeast and Northeast Regions, where he is responsible for acquisitions, asset management and the Profit & Loss of the regions.

Gladstone Commercial Corporation Appoints Chief Investment Officer

MCLEAN, VA / ACCESSWIRE / July 12, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of July, August and September 2022 and also announced its plan to report earnings for the second quarter ended June 30, 2022. Cash Distributions: Common Stock: $0.1254 cash distribution per common share for each of July, August and September 2022, payable per Table 1 below.

Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2022 and Second Quarter Ended June 30, 2022 Earnings Release and Conference Call Dates

MCLEAN, VA / ACCESSWIRE / July 5, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") announced today that it sold its Jupiter, FL office building on July 1, 2022. The 60,000 SF building was leased to a single tenant with a lease expiration date of March 10, 2023.

Gladstone Commercial Corporation Announces Sale of Jupiter, FL Office Building

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The solid demand for Gladstone Commercial's (GOOD) properties helps it experience high occupancy and collection of 100% of the cash base rent for May. The company also continues portfolio expansion.

Gladstone Commercial (GOOD) Sees High Occupancy, Grows Portfolio

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