Gladstone Commercial Management

Management criteria checks 2/4

Gladstone Commercial's CEO is David Gladstone, appointed in Feb 2003, has a tenure of 21.42 years. directly owns 1.2% of the company’s shares, worth $6.87M. The average tenure of the management team and the board of directors is 6.4 years and 20.9 years respectively.

Key information

David Gladstone

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	21.4yrs
CEO ownership	1.2%
Management average tenure	6.4yrs
Board average tenure	20.9yrs

Recent management updates

Recent updates

CEO

David Gladstone (82 yo)

21.4yrs

Tenure

US$70,898

Compensation

Mr. David John Gladstone is the Founder of Gladstone Capital Corporation and has been its Chief Executive Officer and Chairman of the Board since 2001. He served as the President of Gladstone Capital Corpo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paula Novara	Head of Resource Management & Director	no data	no data	0.00087% $ 5.0k
David Gladstone	Founder	21.4yrs	US$70.90k	1.2% $ 6.9m
Arthur Cooper	President	2yrs	no data	0.060% $ 345.5k
Gary Gerson	Chief Financial Officer & Assistant Treasurer	3.3yrs	US$129.86k	0.036% $ 206.9k
Terry Brubaker	Chief Operating Officer	21.4yrs	US$169.24k	no data
John Dellafiora	Chief Compliance Officer	16.8yrs	no data	no data
Michael LiCalsi	General Counsel & Secretary	no data	no data	no data
Ryan Carter	Executive VP and Head of West & Midwest Region	2.8yrs	no data	no data
Todd McDonald	Senior Vice President & Head of South Central Region	less than a year	no data	no data
Jay Beckhorn	Treasurer	9.5yrs	no data	0.0035% $ 19.8k

6.4yrs

Average Tenure

62yo

Average Age

Experienced Management: 0IVQ's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paula Novara	Head of Resource Management & Director	1.8yrs	no data	0.00087% $ 5.0k
David Gladstone	Founder	21.4yrs	US$70.90k	1.2% $ 6.9m
Walter Wilkinson	Independent Director	9.8yrs	US$37.00k	0.031% $ 178.1k
Michela English	Independent Director	20.9yrs	US$37.00k	0.0044% $ 25.2k
Anthony Parker	Independent Director	20.9yrs	US$44.50k	0.11% $ 604.4k
Paul Adelgren	Lead Independent Director	20.9yrs	US$38.00k	0.041% $ 238.0k
John Outland	Independent Director	20.6yrs	US$48.00k	0.0091% $ 52.3k

20.9yrs

Average Tenure

79yo

Average Age

Experienced Board: 0IVQ's board of directors are seasoned and experienced ( 20.9 years average tenure).

Gladstone Commercial Management

Management criteria checks 2/4

Key information

Recent management updates

Gladstone Commercial Corporation, Annual General Meeting, May 02, 2024

Insufficient new directors

CFO & Assistant Treasurer recently bought US$90k worth of stock

Insufficient new directors

Gladstone Commercial Elects Paula Novara as Director

Gladstone Commercial Corporation Appoints EJ Wislar as Its Chief Investment Officer, Effective July 12, 2022

Recent updates

Upcoming dividend of US$0.10 per share

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share

New major risk - Revenue and earnings growth

No longer forecast to breakeven

First quarter 2024 earnings released: EPS: US$0.008 (vs US$0.018 loss in 1Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Gladstone Commercial Corporation has filed a Follow-on Equity Offering in the amount of $250 million.

Gladstone Commercial Corporation, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.10 per share

Insufficient new directors

Full year 2023 earnings released: US$0.19 loss per share (vs US$0.078 loss in FY 2022)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share at 9.3% yield

Upcoming dividend of US$0.10 per share at 8.9% yield

Gladstone Commercial Corporation to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.10 per share at 8.9% yield

Now 21% undervalued after recent price drop

New minor risk - Profitability

Upcoming dividend of US$0.10 per share at 10% yield

Gladstone Commercial Corporation Reports Impairment Charges for the Three Months Ended September 30, 2023

Third quarter 2023 earnings released: US$0.036 loss per share (vs US$0.015 loss in 3Q 2022)

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania for $7.8 million.

Gladstone Commercial Corporation to Report Q3, 2023 Results on Nov 06, 2023

Upcoming dividend of US$0.10 per share at 9.1% yield

Upcoming dividend of US$0.10 per share at 8.7% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.19 loss per share (vs US$0.039 loss in 2Q 2022)

Gladstone Commercial Corporation to Report Q2, 2023 Results on Aug 08, 2023

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 7,714 square foot medical facility in Burleson, Texas for $2.85 million.

Upcoming dividend of US$0.10 per share at 9.5% yield

Upcoming dividend of US$0.10 per share at 11% yield

CFO & Assistant Treasurer recently bought US$90k worth of stock

First quarter 2023 earnings released: US$0.018 loss per share (vs US$0.008 profit in 1Q 2022)

Upcoming dividend of US$0.10 per share at 8.9% yield

Full year 2022 earnings released: FFO per share: US$1.6 (vs US$1.56 in FY 2021)

Upcoming dividend of US$0.10 per share at 7.2% yield

Gladstone Commercial Corporation Declares Distribution on Senior Common Stock, Payable on February 6, March 6 and April 6, 2023

Gladstone Commercial Corporation to Report Q4, 2022 Results on Feb 22, 2023

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired a 65,000 Square Foot Industrial Manufacturing Facility in Greenville, South Carolina.

Upcoming dividend of US$0.13 per share

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.4 (vs US$0.45 in 3Q 2021)

Gladstone Commercial Corporation Announces Impairment Charge for the Third Quarter Ended September 30, 2022

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 68,674 Square Foot Industrial Manufacturing and Outdoor Storage Facility in Denver, Colorado for $12 million.

Gladstone Commercial Elects Paula Novara as Director

Gladstone Commercial Corporation to Report Q3, 2022 Results on Nov 07, 2022

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired Fort Payne, Alabama asset.

Upcoming dividend of US$0.13 per share

Upcoming dividend of US$0.13 per share

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 246,000 square foot, two-property industrial portfolio located in Vineland and Bridget, New Jersey for $32.5 million.

Second quarter 2022 earnings released: US$0.039 loss per share (vs US$0.083 loss in 2Q 2021)

Gladstone Commercial Corporation Appoints EJ Wislar as Its Chief Investment Officer, Effective July 12, 2022

LRP Publications, Inc. acquired a 60,568 square foot office complex at 1395 University Blvd. from Gladstone Commercial Corporation (NasdaqGS:GOOD) for $19.01 million.

Upcoming dividend of US$0.13 per share

Upcoming dividend of US$0.13 per share

First quarter 2022 earnings released: FFO: US$35.5m per share (vs US$0.42 in 1Q 2021)

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired A 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama for $19.3 million.

Insufficient new directors

Gladstone Commercial Corporation to Report Q1, 2022 Results on May 04, 2022

Insufficient new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.13 per share

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 120,000 Square Foot Industrial Facility Located in Stone Mountain, Georgia for $12 million.

Upcoming dividend of US$0.13 per share

CFO & Assistant Treasurer recently bought US$80k worth of stock

Upcoming dividend of US$0.13 per share