I'm now looking for a second real estate sector representative for my new Ivy portfolio.

That real estate sector includes nine industries all related to real property ownership. Like: general real estate; Real Estate services; and seven varieties of real estate investment trusts, or REITs.

Today I'm reviewing a small-cap diversified REIT, Gladstone Commercial Corp. Its trading ticker symbol is GOOD.

Gladstone Commercial Corp., as a real estate investment trust, is investing in and owning net leased industrial, commercial and retail property and making long-term industrial and commercial mortgage loans.

Through October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions.

The company has also paid 153 consecutive monthly cash distributions on its Series A Preferred Stock, 144 consecutive monthly cash distributions on its Series B Preferred Stock and 29 consecutive monthly cash distributions on its Series D Preferred Stock Gladstone Commercial has never skipped, reduced or deferred a distribution since its inception in 2003. It is headquartered in McLean., VA.

I use three key data points to gauge the value of any dividend equity-like Gladstone Commercial Corp. (GOOD):

(1) Price

(2) Dividends

(3) Returns Besides those three, several other keys will finally unlock equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

GOOD's price per share closed at $18.42 Friday. A year ago its price was $20.39. So the price fell $1.97 per share last year, or 6.7%.

Assuming GOOD's stock trades in the range of $15 to $20 next year, GOOD's recent $18.42 price could move up by $1.58 and grow to $20.00 by early-January, 2020.

GOOD's most recent monthly dividend was $0.125 declared October 9th and paid, December 31st. That $0.12 quarterly stipend equals an annual payout of $1.50 yielding 8.14% at Friday's $18.42 closing price.

Gains For GOOD?

Adding the $1.50 annual estimated dividend to my estimated $1.58 annual price upside estimate for Gladstone Commercial Corp. (GOOD) shows a $3.08 potential gross annual gain, per share, which will be reduced by costs to trade those shares. Just under $1,000.00 invested today at the $18.42 recent price, we could buy 54 GOOD shares.

A $10 broker fee paid half at purchase and half at sale costs $0.185 per share. Subtract that $0.185 brokerage cost from the estimated $3.08 gross annual gain leaves a net gain of $2.995 X 54 shares = $161.73 for about 16.2% net gain on a $994.68 investment.

Therefore, Gladstone Commercial Corp. whose trading ticker symbol is GOOD, now shows a possible 16.2% net gain including an 8.14% dividend yield.

Six brokers cover this stock:

Three say "buy" GOOD shares.

One thinks GOOD will "outperform" peers.

Two brokers say "hold" GOOD shares.

Therefore, you can look at Gladstone Commercial Corp. (GOOD) and see it has made money, is making money, and could rise to net a 17.2% net annual gain including that 8.14% estimated dividend yield. It could be more, it could be less. The above speculation is based on past year performance.

The actual results remain to be seen to determine if Gladstone Commercial Corp. (GOOD) is worth your time and money.