Gladstone Commercial Management

Management criteria checks 2/4

Gladstone Commercial's CEO is David Gladstone, appointed in Feb 2003, has a tenure of 21.75 years. directly owns 1.09% of the company’s shares, worth $8.06M. The average tenure of the management team and the board of directors is 6.8 years and 21.1 years respectively.

Key information

David Gladstone

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	21.8yrs
CEO ownership	1.1%
Management average tenure	6.8yrs
Board average tenure	21.1yrs

Recent management updates

Recent updates

CEO

David Gladstone (82 yo)

21.8yrs

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	0.00080% $ 5.9k
David Gladstone	Founder	21.8yrs	US$70.90k	1.09% $ 8.1m
Arthur Cooper	President	2.3yrs	no data	0.055% $ 405.7k
Gary Gerson	Chief Financial Officer & Assistant Treasurer	3.7yrs	US$129.86k	0.035% $ 256.9k
Terry Brubaker	Chief Operating Officer	21.8yrs	US$169.24k	no data
John Dellafiora	Chief Compliance Officer	17.2yrs	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	3.2yrs	no data	no data
Todd McDonald	Senior Vice President & Head of South Central Region	1.3yrs	no data	no data
Jay Beckhorn	Treasurer	9.8yrs	no data	0.0032% $ 23.3k

6.8yrs

Average Tenure

62yo

Average Age

Experienced Management: 0IVQ's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paula Novara	Head of Resource Management & Director	2.1yrs	no data	0.00080% $ 5.9k
David Gladstone	Founder	21.8yrs	US$70.90k	1.09% $ 8.1m
Walter Wilkinson	Independent Director	10.1yrs	US$37.00k	0.028% $ 209.1k
Michela English	Independent Director	21.3yrs	US$37.00k	0.0040% $ 29.6k
Anthony Parker	Independent Director	21.3yrs	US$44.50k	0.096% $ 709.7k
Paul Adelgren	Lead Independent Director	21.3yrs	US$38.00k	0.038% $ 279.5k
John Outland	Independent Director	20.9yrs	US$48.00k	0.0083% $ 61.4k
Katharine Gorka	Director	less than a year	no data	no data

21.1yrs

Average Tenure

78.5yo

Average Age

Experienced Board: 0IVQ's board of directors are seasoned and experienced ( 21.1 years average tenure).

Gladstone Commercial Management

Management criteria checks 2/4

Key information

Recent management updates

Gladstone Commercial Corporation Announces Executive Changes

Gladstone Commercial Corporation Announces Election of Katharine Cornell Gorka as Director

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

Recent updates

Gladstone Commercial Corporation Announces Executive Changes

Upcoming dividend of US$0.10 per share

Now 21% undervalued

New major risk - Financial position

Third quarter 2024 earnings released: EPS: US$0.20 (vs US$0.036 loss in 3Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share

Gladstone Commercial Corporation Announces Election of Katharine Cornell Gorka as Director

Dividend of US$0.10 announced

New minor risk - Profitability

Upcoming dividend of US$0.10 per share

Forecast breakeven date pushed back to 2026

Second quarter 2024 earnings released: US$0.04 loss per share (vs US$0.19 loss in 2Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Gladstone Commercial Corporation to Report Q2, 2024 Results on Aug 06, 2024

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