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Posted by
Two Blokes Jun 24 -
Filed in
Stock
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Gladstone Commercial Corporation's preferred shares GOODO and GOODN offer attractive yields of 7.31% and 7.17% but come with elevated credit risk. The company's credit profile is rated Ba3, with the preferred shares likely two notches lower at B2, indicating a higher risk for income investors. Despite solid asset coverage and lease yields, financial metrics such as leverage and fixed-charge coverage remain weak compared to peers.
