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Alexandria Real Estate Equities, Inc. (ARE) - $25 value - yours FREE >>
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Gladstone Commercial Corporation (GOOD) - $25 value - yours FREE >>
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Gladstone Commercial (GOOD) Sells 3 Properties for $3M
Gladstone Commercial Corp. (GOOD - Free Report) has announced the disposition of three properties for $3 million. This latest disposition executed by the McLean, VA-based real estate investment trust (“REIT”) is in sync with its capital recycling strategy of selling non-core assets and enhancing its portfolio quality in the secondary markets.
Gladstone Commercial is engaged in owning and investing in triple-net leased industrial and commercial real properties in the U.S. The company aims at paying dividends every month and raising it every year. The latest dispositions made by the company included three industrial facilities, which were leased to Metal Spinners, Inc. in Angola, IN and Rock Falls, IL.
On Jul 25, 2016, Gladstone Commercial reported second-quarter 2016 funds from operations (“FFO”) per share of 39 cents, unchanged from that of prior quarter tally. The stock presently carries a Zacks Rank #3 (Hold).
GLADSTONE COMML Price
GLADSTONE COMML Price | GLADSTONE COMML Quote
Investors interested in the REIT sector can consider stocks like Alexandria Real Estate Equities, Inc. (ARE - Free Report) , Arbor Realty Trust Inc. (ABR - Free Report) and CareTrust REIT, Inc. (CTRE - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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