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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Earnings data Q4 2021

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Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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.

Gladstone Commercial (GOOD) delivered FFO and revenue surprises of 0.00% and -1.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Commercial (GOOD) Q4 FFO Match Estimates

MCLEAN, Va., Feb.  10, 2020  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today it completed the extension of an existing lease with a publicly traded broadband satellite services provider at its 349 Inverness Drive South office property in Englewood, CO. The tenant will occupy the entire 99,797 square foot building for an additional 63 months through December 31, 2026.

Gladstone Commercial Corporation Completes 99,797 SF Lease Extension at Office Property in Englewood, CO

MCLEAN, Va., Jan.  28, 2020  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 320,838 square foot, three building industrial portfolio with locations in Houston, Texas; Charlotte, North Carolina; and St. Charles, Missouri on January 27, 2020.

Gladstone Commercial Announces Industrial Portfolio Acquisition

MCLEAN, Va., Jan.  21, 2020  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the extension of its existing lease with T-Mobile USA, Inc. (“T-Mobile”) at its 2645 N. Airport Plaza Avenue office property in Springfield, MO.  T-Mobile will occupy the entire building for an additional five years through May 31, 2026.  

Gladstone Commercial Corporation Completes Lease Extension at Office Property in Missouri

MCLEAN, Va., Jan.  15, 2020  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it has signed a lease with Benedictine Heath System (“BHS”) at 6499 University Avenue, Gladstone’s office property in Fridley, Minnesota, a suburb of Minneapolis. Construction of building improvements will begin immediately and include significant common area upgrades in addition to tenant improvements for the tenant. BHS is one of the largest Catholic senior care organizations in the United States. Benedictine owns and manages skilled nursing, assisted living and independent living communities across the upper Midwest and offers services in such areas as therapy, rehabilitation, memory care, home health care, adult day and transitional care. BHS signed a ten-year lease for 35,757 square feet, or approximately half of the 72,428 square foot office building.

Gladstone Commercial Corporation Executes $4 Million Lease at Minneapolis Office Property

Gladstone's (GOOD) latest buyout in Indianapolis is in line with efforts to boost the company's share to premium industrial buildings in key markets and improve tenant roster with credit-worthy ones.

Gladstone Buys Industrial Asset, Grows Indianapolis Portfolio

MCLEAN, Va., Jan.  09, 2020  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 64,800 square foot industrial building in Indianapolis, Indiana on January 8, 2020 for $5.2 million. The initial capitalization rate for the acquisition was 6.72%, with an average capitalization rate of 7.24%. Gladstone Commercial issued common units in its operating partnership to fund a portion of the acquisition.

Gladstone Commercial Announces $5.2 Million Industrial Acquisition in Indianapolis, IN

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Is Gladstone Commercial Corporation a Great Dividend Stock?

Gladstone's (GOOD) latest acquisition is in line with its efforts to boost its share to premium industrial buildings in key markets and improve tenant roster.

Gladstone Buys Industrial Property in Carrollton for $8M

MCLEAN, Va., Dec.  23, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 117,000 square foot industrial building in Carrollton, Georgia on December 17, 2019, for $8 million. The initial capitalization rate for the acquisition was 6.6%, with an average capitalization rate of 7.4%.

Gladstone Commercial Announces $8 million Industrial Acquisition in Carrollton, GA

MCLEAN, Va., Dec.  19, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 509,211 square foot, six building industrial portfolio with locations in San Antonio, TX; Albuquerque, NM; New Orleans, LA; Baton Rouge, LA; Tucson, AZ on December 17, 2019.

Gladstone Commercial - Announces Industrial Portfolio Acquisition

Gladstone's (GOOD) latest buyout is in line with its efforts to boost the company's share to premium industrial buildings in key markets and improve tenant roster with credit-worthy ones.

Gladstone (GOOD) Buys Industrial Property in Tennessee Market

MCLEAN, Va., Dec.  16, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 241,000 square foot industrial building in Jackson, Tennessee, on December 16, 2019.

Gladstone Commercial Announces $9 Million Industrial Property Acquisition in Jackson, TN

Gladstone's (GOOD) 10-year office lease extension with Quest Diagnostics Clinical Laboratories will improve its going-forward rent and portfolio weighted average lease term.

Gladstone (GOOD) Extends Lease With Quest for Office Property

MCLEAN, Va., Dec.  11, 2019  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the extension of its lease with Quest Diagnostics Clinical Laboratories Inc. (“Quest”) at its 4690 Parkway Drive office property in Mason, OH, a suburb of Cincinnati.  Quest will remain in 39,417 square feet of the 60,019 square foot building for an additional 10 years through June 30, 2030.  

Gladstone Commercial Corporation Completes Lease Extension at Office Property in Suburban Cincinnati, OH

Gladstone Buys Industrial Asset, Boosts Indianapolis Portfolio

MCLEAN, Va., Nov.  19, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 231,509 square foot industrial building in Indianapolis, Indiana on November 14, 2019.

Gladstone Commercial Announces Industrial Property Acquisition in Indianapolis, IN

Gladstone Commercial Corporation (GOOD) CEO David Gladstone on Q3 2019 Results - Earnings Call Transcript

Gladstone Commercial (GOOD) delivered FFO and revenue surprises of -2.50% and -1.77%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Gladstone Commercial (GOOD) Q3 FFO and Revenues Miss Estimates

CBL & Associates Properties

Howard Hughes

JBG SMITH Properties

Kimco Realty

Simon Property Group

STORE Capital

Uniti Group

Writers about REITs are almost distressingly confident that they don't go bankrupt.

Your REIT Could Go Bankrupt

MCLEAN, Va., Sept.  27, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 211,000 square foot, two building industrial portfolio in Temple, Texas on September 26, 2019.

Gladstone Commercial Announces Industrial Portfolio Acquisition in Temple, TX

MCLEAN, Va., Sept.  26, 2019  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the “Company”) today announced that it has priced an underwritten public offering of 2,400,000 shares of its newly designated 6.625% Series E Cumulative Redeemable Preferred Stock (the “Series E Preferred Stock”) at a public offering price of $25.00 per share, raising $60.0 million in gross proceeds and approximately $57.9 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company and exclusive of the underwriters’ option to purchase additional shares (as described below). The Company has also granted the underwriters a 30-day option to purchase 360,000 additional shares of Series E Preferred Stock on the same terms and conditions. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on October 4, 2019.

Gladstone Commercial Corporation Prices Public Offering of 6.625% Series E Cumulative Redeemable Preferred Stock

MCLEAN, Va., Sept.  25, 2019  (GLOBE NEWSWIRE) --  Gladstone Commercial Corporation  (Nasdaq: GOOD) (the “Company”) today announced that it plans to sell shares of its newly designated Series E Cumulative Redeemable Preferred Stock (the “Series E Preferred Stock”) in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Series E Preferred Stock on the same terms and conditions.

Gladstone Commercial Corporation Announces Offering of Series E Cumulative Redeemable Preferred Stock

MCLEAN, Va., Sept.  25, 2019  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the “Company”) today announced the conditional, optional redemption of first, all outstanding shares of its $25.0 million 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), and second, all outstanding shares of its $31.6 million 7.5% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”).  These optional redemptions are contingent upon the closing of an offering of a new series of cumulative redeemable preferred stock on or prior to October 23, 2019, with net proceeds to the Company sufficient to effect the redemptions.  The Company may waive the contingencies with respect to the redemptions of one or both series, may authorize partial redemptions of one or both series and may cancel any redemptions at its sole discretion.

Gladstone Commercial Corporation Announces Conditional Redemption of all Outstanding Shares of its Series A and Series B Preferred Stock

MCLEAN, Va., Sept.  09, 2019  (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it has completed an improvement financing via the Property Assessed Clean Energy (“PACE”) program at 7450 Huntington Park Drive, a four-story, 114,786 square foot office property that serves as the headquarters for Quantum Health, Inc.  The financing covers 100% of the costs to convert the entire building to LED lighting, install new energy conserving HVAC equipment, and implement a robust energy management system to allow for continued refinement of energy saving strategies over the life of the equipment.

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