Gladstone Commercial Executes Extension Lease With JBT Marel

Gladstone Commercial GOOD recently executed a 10-year, one-month lease extension with JBT Marel Corporation at its industrial building, which spans 67,200 square feet of space in Chalfont, PA.JBT Marel is the successor entity after the recent acquisition of Marel hf. by John Bean Technologies Corporation ("JBT").JBT Marel is a global technology solutions provider for the food and beverage sector, focusing on the design, production, and servicing of products and systems for its customers. Additionally, it offers automated guided vehicle systems that serve a diverse range of applications, such as manufacturing, warehousing and medical facilities.Per Greg Yayac, senior vice president of Gladstone Commercial, "This is the third extension we've done with them since our original purchase, demonstrating their commitment to the space."ConclusionThe lease extension highlights JBT Marel’s long-term commitment to GOOD’s Chalfont facility. With this extension, Gladstone secures a reliable, high-quality tenant in a mission-critical facility, further strengthening its portfolio stability.Over the past month, shares of this Zacks Rank #3 (Hold) company have declined 4% against the industry’s growth of 2.5%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Plymouth Industrial REIT PLYM and Crown Castle CCI, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for PLYM’s 2025 FFO per share has moved 2 cents northward to $1.88 over the past month.The Zacks Consensus Estimate for CCI’s 2025 FFO per share has moved 3 cents upward to $4.21 over the past month.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Castle Inc. (CCI): Free Stock Analysis Report Gladstone Commercial Corporation (GOOD): Free Stock Analysis Report Plymouth Industrial REIT (PLYM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks