Gladstone Commercial (GOODO) Expected to Release Earnings on Wednesday

Gladstone Commercial (NASDAQ:GOODO) is expected to release its resultson Wednesday, August 5th. Analysts expect Gladstone Commercial to post earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOODO traded down $0.03 during midday trading on Wednesday, reaching $20.47. The company’s stock had a trading volume of 1,259 shares, compared to its average volume of 6,638. The business has a 50 day moving average price of $20.15 and a 200 day moving average price of $20.17. Gladstone Commercial has a 1 year low of $19.42 and a 1 year high of $22.20.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.