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Stock impact report

Gladstone Commercial: How Safe Is The 10% Yield Paid Monthly? [Seeking Alpha]

Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD) 
Last gladstone commercial corporation - real estate investment trust earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstonecommercial.com
Company Research Source: Seeking Alpha
The REIT is covering its dividend by 123% and faces no material debt maturities in 2024. New industrial property acquisitions have come with high GAAP cap rates that have helped the REIT phase down its office exposure. Gladstone Commercial ( NASDAQ: GOOD ) is a tepid battleground stock whose common shares have tracked the REIT market lower as they're down 36% year-to-date. The broadly industrial property REIT last declared a monthly cash dividend of $0.10 per share , unchanged from its prior payment and for a 10% annualized forward dividend yield. The trend of the monthlies has not been ideal, down roughly $0.03 per share from what had been terrific stability from a $0.13 per share monthly payout for over a decade. Critically, the current payout is under pressure from higher interest rates, and this pressure is likely to be sustained if the Fed follows through on its higher for longer rhetoric. The common shares are now trading hands at a price to trailing 12-month funds from ope Show less Read more
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