GOODP Gladstone Commercial Corporation featured news, full reports, and detailed charts
Gladstone Commercial Corporation (GOODP) Wrap Up:
Gladstone Commercial Corporation (which we refer to as “we,” “us,” or the “Company,”) is a real estate investment trust, or REIT, that was incorporated under the General Corporation Laws of the State of Maryland on February 14, 2003 primarily for the purpose of investing in and owning net leased industrial and commercial real property and selectively making long-term industrial and commercial mortgage loans. Most of the portfolio of real estate we currently own is leased to a wide cross section of tenants ranging from small businesses to large public companies, many of which are corporations that do not have publicly rated debt. We have in the past entered into, and intend in the future to enter into, purchase agreements for real estate having triple net leases with terms of approximately 10 to 15 years and built in rental increases. We currently own a total of 40 properties and hold one mortgage loan, which is scheduled to mature in 11 years. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f02%2f27%2f0000950133-07-000821.html#FIS_BUSINESS"Gladstone Commercial Corp (GOODP:NASDAQ)
Snapshot of Gladstone Commercial Corp (GOODP)
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OPEN
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PREVIOUS CLOSE
$18.78
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/3/09 - $20.00
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52 WEEK LOW
03/6/09 - $7.02
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MARKET CAP
18.8M
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AVERAGE VOLUME 3 mo
873.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
1.0M
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EX-DATE
12/18/09
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P/E TTM
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DIVIDEND
$1.94
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DIVIDEND YIELD
10.32%
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GOODP Top Compensated Officers
Executives, Board Directors
Key developments for Gladstone Commercial Corp (GOODP)
Gladstone Commercial Corp. reported consolidated unaudited earnings results for third quarter and nine months ended September 30, 2009. For the quarter, the company reported income from continuing operations $1,114,882 or $0.01 earnings per basic & diluted share and net income of $1,278,990 or $0.03 earnings per basic & diluted share on operating revenues of $10,657,094 compared to income from continuing operations $1,123,968 or $0.01 earnings per basic & diluted share and net income of $1,141,559 or $0.01 earnings per basic & diluted share on operating revenues of $10,431,268, for the same period a year. FFO for the three months ended September 30, 2009 was approximately $3.4 million, or $0.39 per basic & diluted share, which remained constant as compared to the same period one year ago. For the nine months, the company reported income from continuing operations $3,282,645 or $0.03 earnings per basic & diluted share and net income of $3,485,506 or $0.05 earnings per basic & diluted share on operating revenues of $31,966,766 compared to income from continuing operations $3,756,315 or $0.08 earnings per basic & diluted share and net income of $3,777,707 or $0.08 earnings per basic & diluted share on operating revenues of $30,118,453, for the same period a year. FFO for the nine months ended September 30, 2009 was approximately $10.1 million, or $1.18 per basic & diluted share, which also remained constant as compared to the same period one year ago.
Gladstone Commercial Corp. stated that it is looking at options to raise capital. The company is also looking for acquisition opportunities. Chief Investment Officer of the company, Chip Stelljes said: "We will continue to review potential acquisitions and we are currently exploring alternatives to raise capital to allow us to grow our portfolio." The company reported funds from operations for the third quarter of $3.4 million. The company said it expects to exercise its option to extend its credit line maturing in December 2009, through December 2010.
Gladstone Commercial Corp., Q3 2009 Earnings Call, Nov-05 2009
GOODP Competitors
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Industry Analysis
| Valuation | GOODP | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 2.7x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 6.6x |
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| TEV/Sales | NM | Not Meaningful |
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GOODP transactions
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| No transactions in the last 6 months. | ||