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BUZZ-Gladstone Commercial Corp: Slumps on common-stock offering
July 20, 2017 / 11:20 AM / 5 months ago

BUZZ-Gladstone Commercial Corp: Slumps on common-stock offering

** U.S. real estate investment trust’s shares down 6.3 pct at $20.35 premarket

** Company on Wednesday announced common stock offering

** Plans to use proceeds from offering to fund pending and future property acquisitions, prepay existing debt

** Up to Wednesday’s close, stock had risen 8.1 pct this year, significantly underperforming the 18.6 rise in Nasdaq Composite index

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