Gladstone Commercial Corporation (GOOD) 2016年年度报告「NASDAQ」.pdf

1、2016 Annual Report Highlights for 2016 include acquiring properties in targeted growth markets,leasing vacant space,extending the terms of leases set to expire in 2016 and 2017,selling non-core properties for a net gain,refinancing mortgage debt at lower interest rates,redeeming our Series C mandato

2、rily redeemable term preferred stock and issuing a new tranche of equity,our Series Dpreferred equity.We are pleased that we have maintained our high occupancy and continue to consistently grow our portfolio.We expect to build on those successes in 2017.This year was a continuation of our growth str

3、ategy as well as exiting certain non-core markets.We increased our asset base through quality acquisitions in targeted growth markets throughout the year,including Salt Lake City,Fort Lauderdale and Philadelphia.We ended the year with assets in 24 states and approximately 11 million square feet in o

4、ur portfolio.We also positioned ourselves for growth in the years ahead by successfully addressing leases that were expiring in 2016 and 2017,resulting in stable and growing same store rents.At year end,all of our tenants were paying as contractually required and our portfolio was 97.9%leased.We hav

5、e 4.4%of forecasted rents expiring through the end of 2019,and thus our same store rents will be stable over the next four years and with limited lease expirations,the majority of our capital should be available for pursuing growth opportunities.We maintained our monthly common distribution during 2

6、016 of$0.125 per common share,or$1.50 for the year.We are proud that we have never skipped,reduced or deferred a monthly distribution since our inception in 2003.As of February 28,2017,we have paid:146 consecutive monthly cash distributions to our common stockholders,134 consecutive monthly cash dis