MCLEAN, VA / ACCESS Newswire / January 22, 2026 / Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone Commercial”) is pleased to report another successful year of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.
Issuance of Senior Unsecured Notes:
• In December 2025, we closed on an $85.0 million private placement of 5.99% senior unsecured notes due December 15, 2030. This is our second issuance of private placement notes and our ability to execute follow-on issuances adds an efficient financing source to facilitate growing our industrial portfolio.
Extended and Upsized Bank Credit Facility:
• In October 2025, we amended, extended and upsized our syndicated revolving credit and term loan facility from $475 million to $600 million, with an option to further increase such amount by a maximum of $250 million for a total credit facility of $850 million. The aggregate term loan component was upsized by $50 million, while the revolving credit facility was upsized by $75 million.
Acquisition Activity:
• We completed over $206.0 million in new acquisitions across ten industrial facilities totaling 1.6 million square feet with a weighted average cap rate of 8.88%. At closing, these properties had a weighted average lease term of 15.9 years. The transactions were completed in established, growing industrial markets in the following states: Wisconsin, Texas, Georgia, Indiana, and Michigan.
• We increased portfolio industrial concentration as a percentage of annualized straight line rent to 69% as of December 31, 2025, as compared to 63% as of December 31, 2024.
Leasing and Disposition Activity:
• During 2025, we renewed or extended 1.2 million square feet of leases at 17 of our properties. These leases resulted in a $2.1 million net increase in GAAP rent.
• We sold two properties consisting of one office and one non-core industrial property and executed an agreement to sell one non-core industrial property.
• We increased occupancy to 99.1% as of December 31, 2025, from 98.7% as of December 31, 2024.
Additional Highlights:
• As of December 31, 2025, we had $63.6 million in available liquidity via our revolving credit facility and cash on hand.
About Gladstone Commercial (NASDAQ:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. As of September 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. For additional information, please visit www.gladstonecommercial.com.
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial’s business, financial condition, results of operations, and our strategic plans and objectives. Words such as “may,” “might,” “believe,” “will,” “anticipate,” “future,” “could,” “growth,” “plan,” “intend,” “expect,” “should,” “would,” “if,” “seek,” “possible,” “potential,” “likely” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
MCLEAN, VA / ACCESS Newswire / January 20, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) announced that it has executed lease extensions with Owens-Brockway Glass Container Inc. (“O-I Glass”) at its 290,000 square foot industrial building in Brockport, Pennsylvania and its 154,000 square foot industrial building in Lexington, North Carolina. O-I Glass is a wholly owned subsidiary of O-I Glass, Inc.
O-I Glass is one of the leading manufacturers of glass containers in the world. The two buildings owned by Gladstone Commercial serve as warehousing and distribution facilities for glass container products manufactured by O-I Glass. In each location, the manufacturing operations are in an adjacent building that is connected to the Gladstone Commercial property.
“We are pleased to have executed another lease extension with O-I Glass in both locations,” stated Greg Yayac, Senior Vice President of Gladstone Commercial. “This is the third extension we’ve done with them at both buildings since our original purchase, demonstrating the mission critical nature of the buildings.”
“These are quality buildings leased to a strong tenant, and we are pleased to continue to have O-I Glass as a tenant in our portfolio,” added Buzz Cooper, President of Gladstone Commercial.
About Gladstone Commercial Corporation (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. For additional information please visit www.gladstonecommercial.com.
For Broker Submittals: For Asset Management Matters:
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the expected use of proceeds from the sale of the Notes. Words such as “may,” “will,” “anticipate,” “future,” “could,” “plan,” “intend,” “expect,” “would,” and “possible,” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of Gladstone Commercial’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the Securities and Exchange Commission (the “SEC”) on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. Gladstone Commercial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information:
Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
MCLEAN, VA / ACCESS Newswire / January 13, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the “Company”) announced today that its board of directors declared cash distributions for the months of January, February and March 2026 and also announced its plan to report earnings for the fourth quarter ended December 31, 2025.
Cash Distributions:
Common Stock: $0.10 cash distribution per common share for each of January, February and March 2026, payable per Table 1 below. The Company has paid 252 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.
Table 1: Summary of common stock cash distributions:
Record Date
Payment Date
Cash Distribution
January 23
January 30
$
0.10
February 18
February 27
$
0.10
March 23
March 31
$
0.10
Total for the Quarter:
$
0.30
Senior Common Stock: $0.0875 cash distribution per share of the Company’s senior common stock (“Senior Common”) for each of January, February and March 2026, payable per Table 2 below. The Company has paid 189 consecutive monthly cash distributions on its Senior Common.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of:
Payment Date
Amount
January
February 5
$
0.0875
February
March 5
$
0.0875
March
April 3
$
0.0875
Total for the Quarter:
$
0.2625
Series E Preferred Stock: $0.138021 cash distribution per share of the Company’s 6.625% Series E Preferred Stock (“Series E Preferred Stock”) for each of January, February and March 2026, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol “GOODN.”
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
January 23
January 30
$
0.138021
February 18
February 27
$
0.138021
March 23
March 31
$
0.138021
Total for the Quarter:
$
0.414063
Series F Preferred Stock: $0.125 cash distribution per share of the Company’s 6.00% Series F Preferred Stock (“Series F Preferred Stock”) for each of January, February and March 2026, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange.
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
January 27
February 5
$
0.125
February 24
March 5
$
0.125
March 25
April 3
$
0.125
Total for the Quarter:
$
0.375
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders and Series F Preferred stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.
Series G Preferred Stock: $0.125 cash distribution per share of the Company’s 6.00% Series G Preferred Stock (“Series G Preferred Stock”) for each of January, February and March 2026, payable per Table 5 below. The Series G Preferred Stock trades on Nasdaq under the symbol “GOODO.”
Table 5: Summary of Series G Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
January 23
January 30
$
0.125
February 18
February 27
$
0.125
March 23
March 31
$
0.125
Total for the Quarter:
$
0.375
Earnings Announcement:
The Company also announced today that it plans to report earnings for the fourth quarter ended December 31, 2025, after the stock market closes on Wednesday, February 18, 2026. The Company will hold a conference call Thursday, February 19, 2026 at 8:30 a.m. ET to discuss its earnings results. Please call (877) 407-9045 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through February 26, 2026. To hear the replay, please dial (877) 660-6853 and use playback conference number 13757328.
The live audio broadcast of the Company’s conference call will be available online at www.gladstonecommercial.com.
If you have questions prior to or following the earnings release you may e-mail them to info@gladstonecompanies.com.
Gladstone Commercial Corporation is a real estate investment trust (“REIT”) focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. Additional information can be found at www.gladstonecommercial.com.
MCLEAN, VA / ACCESS Newswire / December 15, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) today announced that its subsidiary, Gladstone Commercial Limited Partnership (“Gladstone LP”), has closed $85 million in aggregate principal amount of 5.99% senior unsecured notes due December 15, 2030 (the “Notes”), in a private placement with certain institutional investors.
Gladstone LP plans to use the proceeds to, among other things, repay outstanding indebtedness under its senior unsecured revolving credit facility, and for general corporate purposes.
“We are excited by the support of superior, long-term institutional investors in this debt private placement, which was executed on attractive terms. In addition, this marks our second issuance in the long-term unsecured debt market and the continuance of our movement away from secured mortgage debt,” stated Buzz Cooper, President of Gladstone Commercial.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Huntington Securities, Inc. and Fifth Third Securities, Inc acted as Co-Lead Placement Agents. Keybanc Capital Markets Inc., Bank of America Securities, Inc. and Goldman Sachs & Co. LLC served as Co-Placement Agents. Squire Patton Boggs (US) LLP acted as counsel to Gladstone Commercial and Gladstone LP, and Venable LLP acted as Maryland counsel to Gladstone Commercial. Chapman and Cutler LLP acted as counsel to the purchasers.
About Gladstone Commercial (Nasdaq:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. For additional information, please visit www.gladstonecommercial.com.
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the expected use of proceeds from the sale of the Notes. Words such as “may,” “will,” “anticipate,” “future,” “could,” “plan,” “intend,” “expect,” “would,” and “possible,” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of Gladstone Commercial’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the Securities and Exchange Commission (the “SEC”) on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. Gladstone Commercial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.
MCLEAN, VA / ACCESS Newswire / November 3, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial” or the “Company”) today reported financial results for the third quarter ended September 30, 2025. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For further detail, please also refer to both the quarterly financial supplement and the Company’s Quarterly Report on Form 10-Q, which can be retrieved from the Investors section of our website at www.gladstonecommercial.com.
Summary Information (dollars in thousands, except share and per share data):
As of and for the three months ended
September 30, 2025
June 30, 2025
$ Change
% Change
Operating Data:
Total operating revenue
$
40,841
$
39,533
$
1,308
3.3
%
Total operating expenses
(26,021
)
(25,146
)
(2)
(875
)
3.5
%
Other expense, net
(10,683
)
(1)
(9,753
)
(3)
(930
)
9.5
%
Net income
$
4,137
$
4,634
$
(497
)
(10.7
)%
Less: Dividends attributable to preferred stock
(3,058
)
(3,085
)
27
(0.9
)%
Less: Dividends attributable to senior common stock
(102
)
(101
)
(1
)
1.0
%
Add: Gain on extinguishment of Series F preferred stock, net
6
9
(3
)
(33.3
)%
Net income available to common stockholders and Non-controlling OP Unitholders
$
983
$
1,457
$
(474
)
(32.5
)%
Add: Real estate depreciation and amortization
15,271
14,249
1,022
7.2
%
Add: Impairment charge
–
9
(9
)
(100.0
)%
Add: Loss on sale of real estate, net
10
–
10
100.0
%
Less: Gain on sale of real estate, net
–
(377
)
377
(100.0
)%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
16,264
$
15,338
$
926
6.0
%
Add: Convertible senior common distributions
102
101
1
1.0
%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – diluted
$
16,366
$
15,439
$
927
6.0
%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
16,264
$
15,338
$
926
6.0
%
Add: Write off prepaid offering costs
–
305
(305
)
(100.0
)%
Add: Asset retirement obligation expense
34
34
–
–
%
Add: Closing costs on sale
–
336
(336
)
(100.0
)%
Core funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
16,298
$
16,013
$
285
1.8
%
Add: Convertible senior common distributions
102
101
1
1.0
%
Core funds from operations available to common stockholders and Non-controlling OP Unitholders – diluted
$
16,400
$
16,114
$
286
1.8
%
Share and Per Share Data:
Net income available to common stockholders and Non-controlling OP Unitholders – basic and diluted
$
0.02
$
0.03
$
(0.01
)
(33.3
)%
FFO available to common stockholders and Non-controlling OP Unitholders – basic
$
0.35
$
0.33
$
0.02
6.1
%
FFO available to common stockholders and Non-controlling OP Unitholders – diluted
$
0.35
$
0.33
$
0.02
6.1
%
Core FFO available to common stockholders and Non-controlling OP Unitholders – basic
$
0.35
$
0.35
$
–
–
%
Core FFO available to common stockholders and Non-controlling OP Unitholders – diluted
$
0.35
$
0.35
$
–
–
%
Weighted average shares of common stock and Non-controlling OP Units outstanding – basic
46,917,160
46,259,137
658,023
1.4
%
Weighted average shares of common stock and Non-controlling OP Units outstanding – diluted
47,245,719
46,587,696
658,023
1.4
%
Cash dividends declared per common share and Non-controlling OP Unit
$
0.30
$
0.30
$
–
–
%
Financial Position
Real estate, before accumulated depreciation
$
1,400,357
$
1,350,523
(4)
$
49,834
3.7
%
Total assets
$
1,265,003
$
1,209,993
$
55,010
4.5
%
Mortgage notes payable, net, borrowings under revolver, borrowings under term loan, net, borrowings under unsecured term loan, net, and senior unsecured notes, net
$
843,285
$
794,391
$
48,894
6.2
%
Total equity and mezzanine equity
$
354,999
$
347,362
$
7,637
2.2
%
Properties owned
151
143
(4)
8
5.6
%
Square feet owned
17,675,963
17,038,727
(4)
637,236
3.7
%
Square feet leased
99.1
%
98.7
%
0.4
%
0.4
%
(1)
Includes a $0.01 million loss on sale, net, from the sale of one property during the three months ended September 30, 2025.
(2)
Includes a $0.01 million impairment charge recognized on one property during the three months ended June 30, 2025.
(3)
Includes a $0.4 million gain on sale, net, from the sale of one property during the three months ended June 30, 2025.
(4)
Includes one property classified as held for sale of $3.4 million and 56,000 square feet.
Third Quarter Activity:
Collected 100% of cash rents: Collected 100% of cash rents due during July, August, and September;
Acquired properties: Purchased a fully-occupied, six-facility portfolio, with an aggregate of 693,236 square feet of rental space, for $54.8 million, at a weighted average cap rate of 9.53%;
Sold properties: Sold one non-core industrial property as part of our capital recycling strategy for $3.0 million;
Completed leasing activity: Completed leasing activity on 734,464 square feet of property with remaining lease terms ranging from 0.7 years to 11.4 years at 14 of our properties;
Issued common stock under ATM Program: Issued 1,891,807 shares of common stock under our at-the-market (“ATM”) program for net proceeds of $23.0 million; and
Paid distributions: Paid monthly cash distributions for the quarter totaling $0.30 per share on our common stock and Non-controlling OP Units, $0.414063 per share on our Series E Preferred Stock, $0.375 per share on our Series F Preferred Stock, $0.375 per share on our Series G Preferred Stock, and $0.2625 per share on our senior common stock.
Third Quarter 2025 Results: Core FFO available to common shareholders and Non-controlling OP Unitholders for the three months ended September 30, 2025 was $16.4 million, a 1.8% increase when compared to the three months ended June 30, 2025, equaling $0.35 per share. Core FFO increased primarily due to higher revenues from year to date acquisitions and leasing activity, partially offset by an increase in interest expense from higher outstanding variable rate debt and higher general and administrative expenses.
Net income available to common stockholders and Non-controlling OP Unitholders for the three months ended September 30, 2025 was $1.0 million, or $0.02 per share, compared to net income available to common stockholders and Non-controlling OP Unitholders for the three months ended June 30, 2025 of $1.5 million, or $0.03 per share. In the Summary Information table above, we provide a reconciliation of Core FFO to net income (which we believe is the most directly comparable GAAP measure to Core FFO) for the three months ended September 30, 2025 and June 30, 2025, a computation of basic and diluted Core FFO per weighted average share of common stock and Non-controlling OP Unit, and basic and diluted net income per weighted average share of common stock and Non-controlling OP Unit.
Subsequent to the end of the quarter:
Collected 100% of October cash rents: Collected 100% of cash rents due in October;
Amended, extended, and upsized credit facility: Increased our revolver from $155.0 million to $200.0 million and increased our aggregate term loan component from $350.0 million to $400.0 million. The revolver maturity was extended to October 2029 and Term Loan A and Term Loan B components maturity were extended to October 2029 and February 2030, respectively. In total, the credit facility increased to $600.0 million;
Repaid debt: Repaid $3.1 million in fixed rate mortgage debt at an interest rate of 4.59%; and
Declared distributions: Declared monthly cash distributions for October, November, and December 2025, totaling $0.30 per share on our common stock and Non-controlling OP Units, $0.414063 per share on our Series E Preferred Stock, $0.375 per share on our Series F Preferred Stock, $0.375 per share on our Series G Preferred Stock, and $0.2625 per share on our senior common stock.
Comments from Gladstone Commercial’s President, Buzz Cooper: “Our financial results reflect consistent performance and stabilized revenues from our tremendous same store property occupancy, rent collection and growth, accretive real estate investments made during 2024 and 2025, and our ability to renew tenants. We have continued our capital recycling program, whereby we have sold non-core assets and used the proceeds to de-lever our portfolio, as well as to acquire properties in our target growth markets. We have successfully exited two non-core assets thus far in 2025, and we have additional non-core assets we anticipate selling over the next one to two years. We will continue to opportunistically sell non-core assets and redeploy the proceeds into stronger target growth markets with a focus on industrial investment opportunities. While we expect to face challenges due to the lingering effects of the pandemic, inflation with corresponding high interest rates, and the geo-political and economic issues arising from international wars, we feel strongly about the depth of our tenant credit underwriting. We have collected 100% of the first three quarters’ cash rents and 100% of October cash rents. We anticipate our tenants will successfully navigate the current economic climate and will be able to continue operating successfully when economic normalcy returns fully. Despite economic uncertainty, so far during 2025, we completed leasing activity on 857,481 square feet of property with 12 tenants. We are actively marketing our remaining vacant space and currently anticipate positive outcomes. We expect to continue to have access to the debt and equity markets, as necessary, for added liquidity. We believe our same store rents, which have increased by 2% annually in recent years, should continue to rise as we grow, and we will continue to primarily focus on investing in our target markets, with an emphasis on industrial properties and actively managing our portfolio.”
Conference Call: Gladstone Commercial will hold a conference call on Tuesday, November 4, 2025, at 8:30 a.m. Eastern Time to discuss its earnings results. Please call (877) 407-9045 to enter the conference call. An operator will monitor the call and set a queue for questions. A conference call replay will be available beginning one hour after the call and will be accessible through November 11, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13755539. The live audio broadcast of the Company’s quarterly conference call will also be available on the investors section of our website, www.gladstonecommercial.com.
About Gladstone Commercial: Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Further information can be found at www.gladstonecommercial.com.
About the Gladstone Companies: Information on the business activities of the Gladstone family of funds can be found at www.gladstonecompanies.com.
Investor Relations: For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit www.gladstonecompanies.com.
Non-GAAP Financial Measures:
FFO: The National Association of Real Estate Investment Trusts (“NAREIT”) developed FFO as a relative non-GAAP supplemental measure of operating performance of an equity REIT to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. FFO does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions. The Company believes that FFO per share provides investors with an additional context for evaluating its financial performance and as a supplemental measure to compare it to other REITs; however, comparisons of its FFO to the FFO of other REITs may not necessarily be meaningful due to potential differences in the application of the NAREIT definition used by such other REITs.
Core FFO: Core FFO is FFO adjusted for certain items that are not indicative of the results provided by the Company’s operating portfolio and affect the comparability of the Company’s period-over-period performance. These items include the adjustment for acquisition related expenses, gains or losses from early extinguishment of debt and any other non-recurring expense adjustments. Although the Company’s calculation of Core FFO differs from NAREIT’s definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its operating performance. Accordingly, Core FFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance.
The Company’s presentation of FFO, as defined by NAREIT, or presentation of Core FFO, does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions.
The statements in this press release regarding the forecasted stability of Gladstone Commercial’s income, its ability, plans or prospects to re-lease its unoccupied properties, and grow its portfolio are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on Gladstone Commercial’s current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statementsinclude, but are not limited to, Gladstone Commercial’s ability to raise additional capital; availability and terms of capital and financing, both to fund its operations and to refinance its indebtedness as it matures; downturns in the current economic environment; the performance of its tenants; the impact of competition on its efforts to renew existing leases or re-lease space; and significant changes in interest rates.Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption “Risk Factors” of its Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and other reports filed with the SEC.Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.Gladstone Commercial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
MCLEAN, VA / ACCESS Newswire / October 14, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the “Company”) announced today that its board of directors declared cash distributions for the months of October, November and December 2025 and also announced its plan to report earnings for the third quarter ended September 30, 2025.
Cash Distributions:
Common Stock: $0.10 cash distribution per common share for each of October, November and December 2025, payable per Table 1 below. The Company has paid 249 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.
Table 1: Summary of common stock cash distributions:
Record Date
Payment Date
Cash Distribution
October 24
October 31
$
0.10
November 17
November 26
$
0.10
December 22
December 31
$
0.10
Total for the Quarter:
$
0.30
Senior Common Stock:$0.0875 cash distribution per share of the Company’s senior common stock (“Senior Common”) for each of October, November and December 2025, payable per Table 2 below. The Company has paid 186 consecutive monthly cash distributions on its Senior Common.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of:
Payment Date
Amount
October
November 5
$
0.0875
November
December 5
$
0.0875
December
January 5
$
0.0875
Total for the Quarter:
$
0.2625
Series E Preferred Stock: $0.138021 cash distribution per share of the Company’s 6.625% Series E Preferred Stock (“Series E Preferred Stock”) for each of October, November and December 2025, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol “GOODN.”
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
October 24
October 31
$
0.138021
November 17
November 26
$
0.138021
December 22
December 31
$
0.138021
Total for the Quarter:
$
0.414063
Series F Preferred Stock: $0.125 cash distribution per share of the Company’s 6.00% Series F Preferred Stock (“Series F Preferred Stock”) for each of October, November and December 2025, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange.
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
October 27
November 5
$
0.125
November 25
December 5
$
0.125
December 29
January 5
$
0.125
Total for the Quarter:
$
0.375
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders and Series F Preferred stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.
Series G Preferred Stock: $0.125 cash distribution per share of the Company’s 6.00% Series G Preferred Stock (“Series G Preferred Stock”) for each of October, November and December 2025, payable per Table 5 below. The Series G Preferred Stock trades on Nasdaq under the symbol “GOODO.”
Table 5: Summary of Series G Preferred Stock cash distributions:
Record Date
Payment Date
Cash Distribution
October 24
October 31
$
0.125
November 17
November 26
$
0.125
December 22
December 31
$
0.125
Total for the Quarter:
$
0.375
Earnings Announcement:
The Company also announced today that it plans to report earnings for the third quarter ended September 30, 2025, after the stock market closes on Monday, November 3, 2025. The Company will hold a conference call Tuesday, November 4, 2025 at 8:30 a.m. ET to discuss its earnings results. Please call (877) 407-9045 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through November 11, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13755539.
The live audio broadcast of the Company’s conference call will be available online at www.gladstonecommercial.com.
If you have questions prior to or following the earnings release you may e-mail them to info@gladstonecompanies.com.
Gladstone Commercial Corporation is a real estate investment trust (“REIT”) focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. Additional information can be found at www.gladstonecommercial.com.
MCLEAN, VA / ACCESS Newswire / October 14, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $475 million to $600 million, with an option to increase such amount by a maximum of $250 million for a total credit facility of $850 million. The aggregate term loan component was upsized by $50 million, while the revolving credit facility was upsized by $75 million. The increased availability under the facility will support the company’s growth, providing liquidity for future acquisitions and business operations.
The revolving credit facility maturity was extended to October 2029 and the maturity dates for the Term Loan A and Term Loan B components were extended until October 2029 and February 2030, respectively. The amended credit facility also provides the company with an option to extend the Term Loan C component until February 2029.
“We are pleased to announce the successful execution of this transaction with the support of our bank group, led by Key Bank as joint lead arranger and book manager, as well as Bank of America, The Huntington National Bank and Fifth Third Bank National Association as joint lead arrangers. The upsized facility provides us with significant liquidity and a favorable extended debt maturity profile going forward,” remarked Jay Beckhorn, Treasurer of Gladstone Commercial.
“We’re very pleased to welcome two new banks to the credit facility and the continued support of our bank group. This new facility will be instrumental in our continued growth,” said Gary Gerson, Chief Financial Officer of Gladstone Commercial.
About Gladstone Commercial Corporation (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information please visit www.gladstonecommercial.com.
For Financing Inquiries:
Gary Gerson
Jay Beckhorn
Chief Financial Officer
Executive Vice President & Managing Director, Finance
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial’s business, financial condition, results of operations, and our strategic plans and objectives. Words such as “may,” “might,” “believe,” “will,” “anticipate,” “future,” “could,” “growth,” “plan,” “intend,” “expect,” “should,” “would,” “if,” “seek,” “possible,” “potential,” “likely” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information:
Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
MCLEAN, VA / ACCESS Newswire / October 14, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) announced that it amended, extended and upsized its syndicated revolving credit and term loan facility from $475 million to $600 million, with an option to increase such amount by a maximum of $250 million for a total credit facility of $850 million. The aggregate term loan component was upsized by $50 million, while the revolving credit facility was upsized by $75 million. The increased availability under the facility will support the company’s growth, providing liquidity for future acquisitions and business operations.
The revolving credit facility maturity was extended to October 2029 and the maturity dates for the Term Loan A and Term Loan B components were extended until October 2029 and February 2030, respectively. The amended credit facility also provides the company with an option to extend the Term Loan C component until February 2029.
“We are pleased to announce the successful execution of this transaction with the support of our bank group, led by Key Bank as joint lead arranger and book manager, as well as Bank of America, The Huntington National Bank and Fifth Third Bak National Association as joint lead arrangers. The upsized facility provides us with significant liquidity and a favorable extended debt maturity profile going forward,” remarked Jay Beckhorn, Treasurer of Gladstone Commercial.
“We’re very pleased to welcome two new banks to the credit facility and the continued support of our bank group. This new facility will be instrumental in our continued growth,” said Gary Gerson, Chief Financial Officer of Gladstone Commercial.
About Gladstone Commercial Corporation (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information please visit www.gladstonecommercial.com.
For Broker Submittals: For Asset Management Matters:
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial’s business, financial condition, results of operations, and our strategic plans and objectives. Words such as “may,” “might,” “believe,” “will,” “anticipate,” “future,” “could,” “growth,” “plan,” “intend,” “expect,” “should,” “would,” “if,” “seek,” “possible,” “potential,” “likely” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information:
Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
MCLEAN, VA / ACCESS Newswire / October 1, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) is pleased to announce the acquisition of an industrial portfolio totaling 693,236 square feet of manufacturing, distribution, and warehouse space across six locations in Michigan, Indiana, and Georgia. Concurrent with the $54.5 million acquisition, Gladstone Commercial leased back the facilities via a 20-year absolute net lease to TI Group Automotive Systems, L.L.C. and its affiliate (“TI Automotive”), a global tier 1 automotive supplier.
“The acquisition of this portfolio continues our efforts to add manufacturing and industrial facilities leased to credit-worthy tenants to our real estate portfolio,” stated Ryan Carter, Executive Vice President of Gladstone Commercial.
“We are pleased to have executed a cross-regional portfolio, reflecting our disciplined approach to sourcing and closing complex sale-leaseback transactions. These facilities are essential to TI Automotive’s business and serve as key manufacturing and distribution hubs,” said Todd McDonald, Senior Vice President of Gladstone Commercial.
“This acquisition advances our strategy of building a durable industrial portfolio in key U.S. manufacturing markets. The portfolio is secured by a long-term absolute net lease in markets that continue to benefit from strong manufacturing demand. The transaction extends our weighted average lease term and enhances the overall quality and stability of our portfolio,” said Buzz Cooper, President of Gladstone Commercial.
About Gladstone Commercial (Nasdaq:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial’s real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information, please visit www.gladstonecommercial.com.
All statements contained in this press release, other than historical facts, may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial’s business, financial condition, results of operations, and our strategic plans and objectives. Words such as “may,” “might,” “believe,” “will,” “anticipate,” “future,” “could,” “growth,” “plan,” “intend,” “expect,” “should,” “would,” “if,” “seek,” “possible,” “potential,” “likely” and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
By webcast — Log on to the web at the address above
By phone — Please call (877) 407-9045
Contact:
Gladstone Commercial Corporation, (703) 287-5893
A conference call replay will be available after the call and will be accessible through November 11, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13755539.
If you are unable to participate during the live webcast, the call will also be archived on our website (www.gladstonecommercial.com).
Gladstone Commercial Corporation is a real estate investment trust (“REIT”) focused on acquiring, owning and operating net leased industrial and office properties across the United States. Additional information can be found at www.gladstonecommercial.com.
For further information: Gladstone Commercial Corporation, (703) 287-5893
