CTO Realty Growth: Back In Growth Mode [Seeking Alpha]
Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD)
Last gladstone commercial corporation - real estate investment trust earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
ir.gladstonecommercial.com
Company Research
Source: Seeking Alpha
Strong leasing activity drove meaningful rent growth and filled key vacancies. Dispositions brought office exposure to 1 property (n.b., The Company repurchased common and preferred shares and sold off its remaining subsurface interests, moves that should bode well for a re-rating. We revise our target price up ~9% to ~$22.8/share, implying ~33% upside plus the ~9% yield. Summary In our last update on CTO ( NYSE: CTO ), we moved the shares from a Buy to a Hold primarily due to the near-term headwinds posed by the WeWork bankruptcy. The shares had remained rangebound since the last article, and we added to our position in the low-16s. The Q4 earnings report blew past our expectations and gave us confidence that the recent headwinds are behind us. Strong leasing activity, share repurchase activity, and the sale of the remaining subsurface interests drove a meaningful increase in our target price, and we are upgrading the common to a Buy. Given the hurdles to redemption and the
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GOOD
News
- Gladstone Commercial (GOOD) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- 3 Affordable REITs to Buy While Others Are Fearful [Yahoo! Finance]Yahoo! Finance
- Gladstone Commercial (GOOD) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- Gladstone Commercial: A Long-Term Hold For Monthly Income [Seeking Alpha]Seeking Alpha
- Is Gladstone Commercial (GOOD) Stock Outpacing Its Finance Peers This Year? [Yahoo! Finance]Yahoo! Finance
GOOD
Earnings
- 2/21/24 - Beat
GOOD
Sec Filings
- 3/26/24 - Form 8-K
- 3/26/24 - Form 424B5
- 3/22/24 - Form EFFECT
- GOOD's page on the SEC website