AcquisitionThe company completed the acquisition of six properties comprising 355.8K sqft, fully occupied, for a total cost of $73.7 million.
Financial PerformanceThe company successfully collected 100% of cash rents for the first quarter, with occupancy standing at 98.4%.
Stock PerformanceShares of Gladstone Commercial have been assigned a $16.00 Price Target, implying a price-only return of 13.64%, bringing the total return to 22.16% including the current 8.52% dividend yield.