Gladstone Commercial

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Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust, that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans.


Quarterly Valuation

Beginning with the quarter ended September 30, 2014, we have determined an estimated value per share of the Senior Common Stock on a quarterly basis.  This value is determined as of the last day of each quarter and will be posted here. 

We have determined the estimated value of the Senior Common Stock as of December 31, 2018 to be derived from the consolidated undepreciated book value of the Company's assets less its contractual liabilities, divided by the number of fully diluted shares of the Company's Common Stock outstanding (which accounts for conversion of all shares of Senior Common Stock into Common Stock), as reflected in the Company's condensed consolidated financial statements included in Part I, Item 1, of the Company's Annual Report on Form 10-K for the year ended December 31, 2018, which were prepared in conformity with accounting principles generally accepted in the United States of America. Based on this methodology, the Company has determined that the estimated value of its Senior Common Stock as of December 31, 2018 is $19.77 per share.