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Gladstone Commercial: A Long-Term Hold For Monthly Income
GOODGladstone mercial (GOOD) Seeking Alpha·2024-04-10 22:01
StanRohrer/E+ via Getty ImagesGladstone Commercial (NASDAQ:GOOD) is a diversified equity REIT that owned a portfolio of 135 properties spread across 17.1 million square feet and 27 states, mainly in the Southeastern U.S. as of the end of the fourth quarter of 2023. GOOD focuses on secondary growth markets with higher cap rates, with industrial properties constituting 60% of its property portfolio. Office properties are the second largest constituent at 36%. The REIT pays a monthly dividend, last declari ...