Dividend cut #1 of 2023 : Gladstone Commercial Corporation

Gladstone Commercial Corporation  board of directors has taken what it believes is the prudent path and reduced the run rate on its monthly dividend (from $0.1254 to $0.10). In addition, and in support of the capital preservation effort, the Company's investment adviser has agreed to amend the current Advisory Agreement to waive the applicable incentive fee for the quarters ending March 31, 2023 and June 30, 2023. Buzz Cooper, the Company's President, stated, "We believe that the dividend cut, along with the temporary incentive fee waiver, will help the Company to maintain a strong balance sheet in 2023."

New purchase : Gladstone Commercial Corporation

Added 31 shares of Gladstone Commercial Corporation (NYSE:GOOD) ad $17.43 per share. I now hold 92 shares of Gladstone Commercial Corporation

New Purchase : Gladstone Commercial Corporation

Added 36 shares of Gladstone Commercial Corporation (NYSE:GOOD) at $16.07 per share. I now hold 61 shares of Gladstone Commercial Corporation.

New purchase : Gladstone Commercial Corporation

Started a new monthly paying position in portfolio with purchase of 25 shares of Gladstone Commercial Corporation (NYSE:GOOD).

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing primarily office and industrial properties. The Company conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). Its real estate portfolio consists of approximately 129 properties totaling 16.2 million square feet of rentable space, located in over 27 states. Its portfolio consists primarily of single-tenant industrial and office real property. The Company's properties are located in various states of the United States, such as Florida, Texas, Pennsylvania, Ohio, Georgia, Utah, North Carolina, Alabama, Michigan and South Carolina. The Company's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, personal, food and miscellaneous services, and information technology (IT)

Gladstone Commercial Corporation pays dividend monthly and my starting yield of cost is around 7.70%