Gladstone Commercial Corporation is a REIT that invests in single tenant and anchored multi-tenant net leased industrial and office properties nationwide. We also invest alongside developers in build-to-suit transactions where a tenant requires a new building. We buy properties with strong tenants of all sizes and our track record of underwriting the credit of middle market businesses is unmatched. We target primary and secondary growth markets that possess favorable economic growth trends, diversified industries, growing populations, and strong employment.
Our senior management team, under the guidance of David Gladstone and Buzz Cooper who replaced Bob Cutlip who retired July 30, 2022, has over 200 years of combined experience investing in real estate and middle market businesses. Under their guidance, we’ve built a portfolio that generates predictable and durable cash rents to fund distributions to our investors. Our goal is to pay shareholders distributions on a monthly basis and to increase shareholder wealth through sound investment and property operations practices. We have never cut our distributions to shareholders – even during the Great Recession. We have a track record of success, as exhibited by a history of strong distribution yields, consistent occupancy greater than 95.0%, and 10+ years of paying continuous monthly cash distributions.
Stable High Occupancy Portfolio
As of September 30, 2022, we own a diversified portfolio of 137 office and industrial properties located in 27 states and leased to 112 tenants. We have grown the portfolio in a consistent, disciplined manner at a rate of 18% per year since our IPO in 2003. We match long-term leased properties with long-term debt to lock in the spread to create a durable, stable cash flow stream to fund monthly distributions to shareholders. Our occupancy stands at 96.9% and occupancy has never dipped below 95.0% since our IPO in 2003.
Publicly Traded Net Lease REIT
Our common stock is listed on the Nasdaq under the symbol GOOD. We are a REIT that puts our shareholders first. Our distribution history and history of shareholder friendliness speaks for itself. To review our public filings, please visit the investor relations page.
The Gladstone Companies
We are a part of the Gladstone Companies and have three affiliated publicly traded investment companies. Gladstone Capital Corporation (Nasdaq: GLAD) and Gladstone Investment Corporation (Nasdaq: GAIN) are business development companies (BDC) that invest in small and medium sized private businesses in the U.S., with Gladstone Capital historically a debt fund and Gladstone Investment historically a buyout fund. Gladstone Land Corporation (Nasdaq: LAND) is a REIT that invests in farmland located in major agricultural markets in the U.S.