Gladstone Commercial Corporation (GOOD) 2003年年度报告「NASDAQ」.pdf

1、2003 ANNUAL REPORTCorporate PROFILEGladstone Commercial Corporation is a real estate investment trust traded on the NASDAQ StockMarket?under the symbol:GOOD.Our capital resources exceed$100 million.We have a two-fold business strategy.First is to purchase industrial and commercial property and enter

2、 into triple net leases with well managed small and medium sized companies.Second,we providelong term mortgage loans to businesses of the same caliber.Our company is dedicated to providing our shareholders with quarterly dividendsand distributions that are derived from rental income and the mortgage

3、 interest on our loans.We seek to increase the amount of the dividends and distributions we pay to shareholders each year.Please visit our website for more information about us:www.GladstoneC.Our headquarters are in McLean,VA,a suburb of Washington,D.C.and we have offices in Morristown,NJ,New York,N

4、Y,and Pittsburgh,PA.Gladstone Commercial(1)Annual Report 2003Our strategy consists of owning industrial and commercial real estate and,at the same time enter in totriple net leases over a 10 to 20 year period with business tenants.We also offer attractive industrial andcommercial mortgage loans.Our

5、tenants are usually well capitalized and well managed small andmedium-sized businesses.We expect many of our tenants to be family owned businesses that have builtsignificant equity by paying down their mortgage loan or through the appreciation on the value of theirreal estate.We believe that there a

6、re many businesses in the United States that fit this criterion.By sellingtheir real estate to us and simultaneously leasing the real estate from us,they can free up all the cash equity intheir real estate.This will allow them to repay debt,strengthen their balance sheet or expand their businesswith