FAQ on Stonegate Capital Partners' 2Q25 Report on Gladstone Commercial Corp. (GOOD)

What is the main focus of Stonegate Capital Partners’ report on Gladstone Commercial Corp.?

The report focuses on Gladstone Commercial Corp.’s disciplined portfolio management, liquidity position, and operational fundamentals during the second quarter of 2025.

How did Gladstone Commercial Corp. perform in terms of portfolio management in 2Q25?

GOOD expanded its portfolio by acquiring properties totaling 519,093 square feet for $79.3M and sold two non-core properties for $23.6M, emphasizing industrial assets and reducing exposure to non-core properties.

What was Gladstone Commercial Corp.’s liquidity position in 2Q25?

Gladstone reported total liquidity of approximately $38.7M, consisting of $11.7M in cash and cash equivalents and $27.0M in borrowing capacity under its revolving credit facility.

What were the occupancy rate and cash rent collection for GOOD in 2Q25?

GOOD maintained a high occupancy rate of 98.7% and reported 100% cash rent collection in the quarter, showcasing a stable tenant base and strong leasing activity.

What were the quarterly financial results for GOOD in 2Q25?

GOOD reported revenue, FFO per share, and AFFO per share of $39.5M, $0.33, and $0.24, respectively, with core FFO for the quarter at $0.35 per share.

How is GOOD improving its portfolio diversification?

GOOD is strategically shifting toward industrial properties, with its portfolio consisting of 67% industrial properties and 29% office properties based on annualized straight-line rent as of 2Q25.

What is GOOD’s current dividend yield and payout ratios?

GOOD currently pays a 9.2% dividend yield, with payout ratios of 90%, 86%, and 123% based on FFO, Core FFO, and AFFO per share values for 2Q25, respectively.

What valuation range does Stonegate Capital Partners assign to GOOD?

Stonegate Capital Partners assigns a valuation range of $14.84 to $16.86 with a mid-point of $15.84 to GOOD, based on comp analysis, Revalued NAV per share analysis, and a Perpetual Growth Model.

Who is Stonegate Capital Partners?

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies.