Core Insights - Gladstone Commercial Corporation (GOOD) is experiencing strong demand for its properties, highlighted by a recent five-year lease renewal with Morgan Stanley for 72,301 square feet in Columbus, OH, securing cash flows until December 31, 2030 [1][2] - The company has achieved a robust occupancy rate of 98.5% as of June 30, 2024, and collected 100% of cash rents during the second quarter of 2024, indicating a solid tenant base and effective management [2] - Gladstone Commercial is actively engaging in capital recycling, recently selling two medical office properties in Atlanta at a cap rate of 5.97%, realizing a leveraged internal rate of return of approximately 13.2% [3] - The company is focusing on acquiring high-quality industrial assets, exemplified by a recent purchase of a 142,125-square-foot facility in Warfordsburg, PA, for $11.7 million at a GAAP capitalization rate of 12.3% [4] - Over the past six months, GOOD's shares have increased by 16.4%, outperforming the industry average increase of 8.9% [5]

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 (GOOD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this real estate investment trust have returned +4.4%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks REIT and Equity Trust - Other industry, which Gladstone Commercial falls in, has gained 10.9%. The key question now is: What could b ...

The the stock of real estate investment trust has risen by 5.61% in the past month, leading the Finance sector's loss of 0.59% and the S&P 500's gain of 2.14%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.36 per share and a revenue of $144.14 million, indicating changes of -7.48% and -2.33%, respectively, from the former year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with # ...

Company Performance - Gladstone Commercial is expected to report an EPS of $0.33, reflecting a 19.51% decline year-over-year [1] - The projected revenue for the upcoming earnings report is $35.89 million, indicating a 7.17% decrease compared to the same quarter last year [1] - For the entire fiscal year, the consensus estimates project earnings of $1.36 per share and revenue of $144.14 million, representing changes of -7.48% and -2.33% respectively from the prior year [6] Valuation Metrics - The current Forward P/E ratio for Gladstone Commercial is 10.58, which is below the industry average Forward P/E of 11.67 [2] - The company has a PEG ratio of 1.76, compared to the industry average PEG ratio of 2.25 [7] Stock Performance - Gladstone Commercial's stock closed at $14.28, showing a -0.35% change from the previous session, underperforming the S&P 500's daily gain of 0.07% [8] - Over the last month, the stock has increased by 0.28%, outperforming the Finance sector's loss of 5.5% but lagging behind the S&P 500's gain of 4.34% [8] Analyst Estimates and Industry Ranking - Recent modifications to analyst estimates for Gladstone Commercial indicate changing business trends, with positive revisions reflecting analyst optimism [4] - The REIT and Equity Trust - Other industry has a Zacks Industry Rank of 183, placing it in the bottom 28% of over 250 industries [5] - Gladstone Commercial currently holds a Zacks Rank of 5 (Strong Sell), with the consensus EPS estimate remaining unchanged over the last 30 days [11]

The real estate investment trust's shares have seen a decrease of 1.64% over the last month, not keeping up with the Finance sector's loss of 0.22% and the S&P 500's gain of 3.22%. For the full year, the Zacks Consensus Estimates project earnings of $1.36 per share and a revenue of $144.14 million, demonstrating changes of -7.48% and -2.33%, respectively, from the preceding year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we ...

The 966,753-square-foot industrial building is located in Taylor, PA. The lease for the property, which was purchased by Gladstone Commercial in 2014, will commence on Jul 1, 2024. Per Buzz Cooper, president of Gladstone Commercial, "This new lease demonstrates the quality of our industrial portfolio and continued tenant demand for this type of space. We are pleased to maintain full occupancy at the property with no downtime." Shares of this Zacks Rank #3 (Hold) company have gained 3.5% in the past three mo ...

Dragon Claws In the last year, real estate investment trusts with office investments have dealt with growing investor concerns about loan performance. High interest rates and weak occupancy performance due to hybrid work arrangements have put pressure on those trusts that own office properties. Gladstone Commercial Corporation (NASDAQ:GOOD) also owns office properties, but the trust collected 100% of its cash rent in 1Q24 and the pay-out metrics still look rather compelling from a passive income investors' ...

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alvarez Gladstone Commercial (NASDAQ:GOOD) has been faced with the difficult task of transitioning from a 60% office portfolio into better property types, and they have had to do it at a time when interest rates are rising. It was a daunting task and much of the market thought they would fail either through debt piling up or substantial loss in FFO/share. As data comes out, GOOD is making it further and further through the transition while maintaining FFO. Results coming in well above expectations have led ...