Gladstone Commercial Corporation (NASDAQ:GOOD) to Issue $0.10 Monthly Dividend

Key Points

• Gladstone Commercial announced a monthly dividend of $0.10 per share payable June 30 to shareholders of record on June 23, implying a $1.20 annualized payout and a yield of 9.7%.
• The REIT currently shows a payout ratio of 413.8%, indicating it cannot cover the dividend with current earnings, though analysts forecast next-year EPS of about $1.50 which would reduce the expected payout ratio to roughly 80%.
• Gladstone missed quarterly EPS (reported $0.05 vs. $0.36 expected), and its stock trades near $12.41 with a market cap of about $600.8 million and a P/E of 88.64.

Gladstone Commercial Corporation (NASDAQ:GOOD - Get Free Report) announced a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.10 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Tuesday, June 23rd.

Gladstone Commercial has decreased its dividend by an average of 0.0%annually over the last three years. Gladstone Commercial has a payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Commercial to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 80.0%.

Gladstone Commercial Price Performance

GOOD opened at $12.41 on Wednesday. The stock has a market cap of $600.77 million, a price-to-earnings ratio of 88.64 and a beta of 1.09. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $15.03. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 4.92. The stock has a fifty day moving average price of $11.94 and a 200 day moving average price of $11.45.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.31). The firm had revenue of $43.46 million for the quarter, compared to analyst estimates of $41.23 million. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. Analysts forecast that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company's portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company's primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.

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