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Gladstone mercial (GOOD) - 2024 Q3 - Quarterly Report
2024-11-04 21:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-33097 GLADSTONE COMMERCIAL CORPORATION (Exact name of registrant as specified in its charter) Maryland 02 ...
Gladstone Commercial: Not Fully Convinced Of Future Growth
Seeking Alpha· 2024-10-25 12:29
The pandemic of 2020 shifted the working-class dynamic as remote work became widely accepted. As a result, REITs with even the slightest bit of commercial office property exposure were hammered downward. This was only exacerbated by the aggressive hiking ofFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various ...
Gladstone Commercial (GOOD) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-10-21 17:00
Investors might want to bet on Gladstone Commercial (GOOD) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. S ...
Gladstone Commercial (GOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-17 23:21
Core Viewpoint - Gladstone Commercial (GOOD) is set to release its earnings report on November 4, 2024, with projected earnings per share (EPS) of $0.35, reflecting a 2.94% increase year-over-year, and quarterly revenue expected to be $36.66 million, up 0.55% from the previous year [1] Group 1: Earnings and Revenue Estimates - For the full year, earnings are projected at $1.40 per share and revenue at $146.31 million, showing declines of -4.76% and -0.86% respectively from the previous year [2] - The Zacks Consensus EPS estimate has increased by 1.08% over the past month [3] Group 2: Stock Performance and Valuation - Gladstone Commercial's stock closed at $16.40, down -0.61% from the previous session, while the S&P 500 saw a minimal loss of 0.02% [1] - The stock has gained 2.17% over the past month, outperforming the Finance sector's decline of -3.12% but underperforming the S&P 500's gain of 3.77% [1] - The company has a Forward P/E ratio of 11.79, which is lower than the industry's average Forward P/E of 12.95 [3] - The PEG ratio for GOOD is 1.96, compared to the industry average of 2.58 [3] Group 3: Industry Ranking - The REIT and Equity Trust - Other industry, which includes Gladstone Commercial, has a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [3]
Gladstone Commercial (GOOD) Rises Higher Than Market: Key Facts
ZACKS· 2024-10-11 23:07
Company Performance - Gladstone Commercial (GOOD) closed at $16.10, reflecting a +0.88% change from the previous day, outperforming the S&P 500's gain of 0.61% [1] - Over the past month, shares of Gladstone Commercial have increased by 1.53%, while the Finance sector has decreased by 4.31% and the S&P 500 has risen by 5.36% [1] Upcoming Earnings - The earnings report for Gladstone Commercial is scheduled for November 4, 2024, with expected earnings of $0.35 per share, indicating a year-over-year growth of 2.94% [2] - Revenue is anticipated to be $35.95 million, reflecting a 1.4% decline compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.39 per share and revenue at $144.14 million, representing changes of -5.44% and -2.33% respectively from the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for the company's business and profitability [3] Valuation Metrics - Gladstone Commercial has a Forward P/E ratio of 11.52, which is lower than the industry's average Forward P/E of 12.23 [6] - The company has a PEG ratio of 1.92, compared to the industry average PEG ratio of 2.34 [6] Industry Context - The REIT and Equity Trust - Other industry, which includes Gladstone Commercial, holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Wall Street Analysts See Gladstone Commercial (GOOD) as a Buy: Should You Invest?
ZACKS· 2024-10-08 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Gladstone Commercial (GOOD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Gladstone Commercial currently has an average bro ...
Gladstone Commercial (GOOD) Flat As Market Gains: What You Should Know
ZACKS· 2024-10-04 23:05
Gladstone Commercial (GOOD) closed the most recent trading day at $16.05, making no change from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.9% for the day. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%. Shares of the real estate investment trust have appreciated by 5.59% over the course of the past month, outperforming the Finance sector's gain of 0.34% and the S&P 500's gain of 3.15%. Analysts ...
Why Gladstone Commercial (GOOD) Outpaced the Stock Market Today
ZACKS· 2024-09-23 23:21
Company Performance - Gladstone Commercial (GOOD) closed at $15.90, reflecting a +0.7% increase compared to the previous day, outperforming the S&P 500's gain of 0.28% [1] - Over the past month, shares of Gladstone Commercial have appreciated by 6.98%, surpassing the Finance sector's gain of 3.08% and the S&P 500's gain of 2% [1] Earnings Expectations - Analysts expect Gladstone Commercial to report earnings of $0.35 per share, indicating a year-over-year growth of 2.94% [2] - The consensus estimate for quarterly revenue is $35.95 million, which represents a decline of 1.4% from the previous year [2] Full Year Projections - For the full year, earnings are projected at $1.39 per share and revenue at $144.14 million, reflecting changes of -5.44% and -2.33% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Gladstone Commercial are crucial as they often indicate shifts in near-term business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Valuation Metrics - Gladstone Commercial is currently trading with a Forward P/E ratio of 11.4, which is below the industry's average Forward P/E of 13.16 [7] - The company has a PEG ratio of 1.9, compared to the industry average PEG ratio of 2.41 [7] Industry Context - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for Gladstone Commercial [8]
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 ...