On Wednesday, Gladstone Commercial Corp’s 7.125% Series C Cumulative Term Preferred Stock (Symbol: GOODN) yielded above 7.5%, trading as low as $21.98. This yield is lower than the average of 8.24% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of the last close, GOODN is trading at a 10.84% discount to its liquidation preference, compared to the average discount of 16.12% in the same category.
In trading on Wednesday, GOODN is up approximately 0.1% for the day, while the common shares (Symbol: GOOD) rose by about 0.8%.
