| Market Capitalization (Millions $) |
635 |
| Shares
Outstanding (Millions) |
48 |
| Employees |
75 |
| Revenues (TTM) (Millions $) |
166 |
| Net Income (TTM) (Millions $) |
21 |
| Cash Flow (TTM) (Millions $) |
-2 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Gladstone Commercial Corp is a publicly traded real estate investment trust (REIT) that specializes in acquiring and owning net leased industrial and office properties across the United States. The company was founded in 2003 and is headquartered in McLean, Virginia.
Gladstone Commercial Corp's primary focus is on acquiring properties through sale-leaseback transactions with tenants, which provides stable long-term cash flow from reliable tenants. The company also seeks out value-add investments that have the potential for significant appreciation in the future. Gladstone Commercial Corp's tenants are typically large corporations with strong financials and a long-term commitment to the property.
As of June 30, 2021, Gladstone Commercial Corp had a real estate portfolio of 123 properties spanning over 28.3 million square feet with a total value of approximately $2.8 billion. This portfolio consists of industrial properties (52%), office properties (41%), and specialty retail properties (7%), with a weighted average lease term of approximately 8.3 years. About 97% of the properties are leased.
Gladstone Commercial Corp has a credit rating of BBB- from Standard & Poor's and Baa3 from Moody's. The company has a conservative balance sheet with low leverage, high liquidity, and no significant near-term debt maturities. It also has a strong dividend history, having paid consecutive monthly dividends since its initial public offering in 2003.
In terms of investment strategy, Gladstone Commercial Corp aims to continue growing and diversifying its portfolio while maintaining financial discipline and a conservative balance sheet. The company's primary growth driver is through acquisitions, where it seeks to acquire properties with durable cash flows and value-add potential.
Overall, Gladstone Commercial Corp is a well-regarded REIT that specializes in net-leased industrial and office properties. The company has a conservative balance sheet, a diversified portfolio, and a strong dividend history, making it an attractive investment for income-seeking investors.
Company Address: 1521 Westbranch Drive, McLean, 22102 VA
Company Phone Number: 287-5800 Stock Exchange / Ticker: NASDAQ GOOD
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1.34%