2024-01-29 03:25:03 ET
Summary
- Gladstone Commercial cut its dividend due to rising interest rates and challenges in the office sector.
- GOOD has not enacted strategic changes that could drive improvement in performance.
- Essential Properties Realty Trust is a better alternative to GOOD, with a stronger balance sheet, lower debt profile, and higher growth potential.
Warren Buffett famously said, "It's only when the tide goes out that you know who's been swimming naked." Per usual, the Oracle of Omaha was correct and over the past two years, the REIT sector has been thoroughly disrupted. REITs touted as "sleep well at night" stocks have cut their dividends and sector-wide growth has been anemic. Today, we are going to dive into a particularly troubled net lease REIT that has been swimming naked....
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2 Reasons To Pass On Gladstone Commercial And Buy A Better REIT