Core Insights - The Invesco KBW Premium Yield Equity REIT ETF (KBWY) targets income-focused investors with a high trailing 12-month yield of 9.99% and an SEC 30-Day Yield of 8.85% [1][20] - The ETF has a total expense ratio of 0.35% and manages approximately $241 million in assets [1] - KBWY has underperformed compared to its benchmark, the Vanguard Real Estate Index Fund ETF (VNQ), with a total return of 69.19% since inception, significantly lower than VNQ's 198.98% [10][11] Investment Strategy - KBWY tracks a modified-dividend yield-weighted index of small- and mid-cap domestic equity REITs that have competitive dividend yields [2] - The index is reconstituted annually and rebalanced quarterly, with holdings capped at 8% [2] Portfolio Composition - The fund is primarily invested in U.S. companies, with about 75% of its asset value in micro-cap stocks [4] - The portfolio is concentrated, with the top 10 holdings representing 47.5% of the asset value [7] - Key sectors include diversified REITs, healthcare REITs, and office REITs, while retail and residential REITs are downplayed [4] Performance Metrics - KBWY has lagged behind VNQ by 4 percentage points in annualized return since inception [10] - The fund has a higher maximum drawdown of -57.69% compared to VNQ's -42.40% [11] - Over the last three years, KBWY's total return was 4.66%, significantly lower than VNQ's 32.06% [12] Distribution History - Distribution trends have been irregular, with the annual sum of distributions for 2024 projected at $1.56 per share, nearly the same as in 2014 [13] - The fund has experienced a decline in dividend growth, with a 5-year CAGR of -7.82% [18] Competitive Landscape - KBWY stands out for its high yield compared to other U.S. equity REIT ETFs, but it has the worst total return since March 2019 [19] - The fund's expense ratio is competitive at 0.35%, similar to other ETFs in the space [18]

Gladstone Commercial Corporation Reports Results for the Second Quarter Ended June 30, 2025 Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA, August 6, 2025 (ACCESSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the second quarter ended June 30, 2025. A description of funds from operations, or FFO, and Core FFO, both non-GAAP ( ...

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 JUNE 30, 2025 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 02-0681 ...

Gladstone Commercial Corporation Reports Results for the First Quarter Ended March 31, 2025 Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA, May 7, 2025 (ACCESSWIRE) -- Gladstone Commercial Corporation (Nasdaq: GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the first quarter ended March 31, 2025. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (gen ...

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 MARCH 31, 2025 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 02-068 ...