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Why Gladstone Commercial (GOOD) Outpaced the Stock Market Today
ZACKS· 2024-09-23 23:21
In the latest market close, Gladstone Commercial (GOOD) reached $15.90, with a +0.7% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.28% for the day. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.15%. Shares of the real estate investment trust have appreciated by 6.98% over the course of the past month, outperforming the Finance sector's gain of 3.08% and the S&P 500's gain of 2%. The investment co ...
Gladstone Commercial (GOOD) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-10 23:00
The most recent trading session ended with Gladstone Commercial (GOOD) standing at $15.50, reflecting a +1.31% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%. Shares of the real estate investment trust witnessed a gain of 4.72% over the previous month, beating the performance of the Finance sector with its gain of 4.51% and the S&P 500's gain of 2.54%. The upc ...
Gladstone Commercial Grows Industrial Property Base With Acquisition
ZACKS· 2024-09-04 18:40
To expand its property base in targeted thriving markets, Gladstone Commercial Corporation (GOOD) recently announced the acquisition of a Class A industrial manufacturing, distribution and service facility spanning 50,102 square feet in Midland, TX, at a weighted GAAP capitalization rate of 9.94%. The latest buyout is in sync with GOOD's growth strategy of the acquisition of functional assets in strong industrial markets, which are leased to tenants with solid credit profiles. Gladstone Commercial purchased ...
Gladstone Commercial (GOOD) Renews Lease With Morgan Stanley
ZACKS· 2024-08-21 16:45
Gladstone Commercial Corporation (GOOD) is witnessing solid demand for its properties from existing as well as new tenants. Recently, the company clinched a five-year lease renewal at its office property in Columbus, OH, with the leading global financial services firm, Morgan Stanley (MS) . Morgan Stanley's existing tenancy began in 2008, and this lease renewal for 72,301 square feet of the 101,869- square-foot office building at 4343 Easton Commons through Dec 31, 2030 secures GOOD's cash flows from the pr ...
Gladstone Commercial Series E Preferred: We're Still Glad
Seeking Alpha· 2024-08-19 15:07
owngarden/E+ via Getty Images Series E Secies G Series F Summary In February, we published a report on Gladstone Commercial (GOOD) in which we analyzed its common and preferred shares. Given their highly attractive yield-to-call ("YTC") and seniority relative to the common, we found the Series E preferred (NASDAQ:GOODN) the most attractive of the lot. In this report, we provide our updated views on the Secies E. With the shares up ~8% since our initial report and GOOD's recent capital-maising activities, we ...
Gladstone Commercial Series G Preferred: Solid 7.5% Monthly Payer With 25% Upside To Call
Seeking Alpha· 2024-08-14 05:24
11 1 H 1 1 111 1 arma IT Status of Cattle. E DNY59 We have been long Gladstone Commecial (GOOD) common shares for more than a decade, so we were pleased with the August 6th release of their 2024 operating results. Gladstone continues to transition their portfolio away from office buildings and toward net lease industrial assets. In the long run, this transition is good for t common shareholder and reassuring right now for GOOD's credit quality as the issuer of multiple series of preferred equities. We are l ...
Gladstone Commercial (GOOD) Sells Georgia Medical Office Assets
ZACKS· 2024-08-12 15:55
Gladstone Commercial Corporation (GOOD) recently sold its two medical office properties in the Atlanta MSA at a cap rate of 5.97%. The properties, which were leased to Northside Hospital, encompassed 26,331 square feet of space. GOOD shares were up marginally in Friday's regular trading session on the Nasdaq. The REIT realized a leveraged internal rate of return of around 13.2% on the properties, which were acquired as part of an eight-property portfolio transaction in 2007. The move comes as part of Gladst ...
Stonegate Capital Partners Updates 2Q24 Report on Gladstone Commercial Corp. (GOOD)
Newsfile· 2024-08-08 21:11
. Stonegate Capital Partners Updates 2Q24 Report on Gladstone Commercial Corp. (GOOD) August 08, 2024 5:11 PM EDT | Source: Reportable, Inc. 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 the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Fundamentals remain strong with 98.5% occupancy levels as of July 30, 2024. ...
Gladstone mercial (GOOD) - 2024 Q2 - Earnings Call Presentation
2024-08-07 12:34
Supplemental Financial & Operating Information for the Quarter Ended June 30, 2024 | Nasdaq: GOOD 1.87.148 Legal Disclaimer 200.201.204 7.161.142 210.189.154 114.95.164 224.224.13 247.82.73 200.201.204 Forward-Looking Statements: This presentation may include forward-looking statements within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934. Forward-looking statements are typically identified by words such as "estimate," "may," "might," "believe," "will," "provided," "anticip ...
Gladstone Commercial (GOOD) Beats Q2 FFO and Revenue Estimates
ZACKS· 2024-08-06 22:41
Gladstone Commercial (GOOD) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 9.09%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.34 per share when it actually produced FFO of $0.34, delivering no surprise. Over the last four quart ...