- Gladstone Commercial ( NASDAQ: GOOD ) saw its portfolio occupancy increase to 96.8% in Q4 2022 versus 96.3% in the prior quarter, the REIT, which focuses on buying and operating net leased industrial and office properties across the U.S., said Thursday.
- All of Gladstone's ( GOOD ) Q4 cash base rents have been paid and collected as of December 31, it noted.
- For the year, it acquired 1,238,680 square feet of industrial real estate comprised of 13 properties and seven tenants with an average remaining lease term at acquisition of 14.5 years for a total cost of $114.4M.
- As of end-2022, the company's available liquidity stood at $38.8M via its revolving credit facility and cash on hand.
- Previously, (Dec. 21) Gladstone Commercial buys Greenville industrial property .
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Gladstone Commercial's portfolio occupancy drifts up to 96.8% in Q4