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GLADSTONE COMMERCIAL (GOOD)

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Earnings summaries and quarterly performance for GLADSTONE COMMERCIAL.

Recent press releases and 8-K filings for GOOD.

Gladstone Commercial Corporation Issues Senior Guaranteed Notes
GOOD
Debt Issuance
  • On December 15, 2025, Gladstone Commercial Corporation's operating partnership, Gladstone Commercial Limited Partnership, entered into a Note Purchase Agreement.
  • Pursuant to this agreement, the Partnership issued $85,000,000 aggregate principal amount of its 5.99% Senior Guaranteed Notes.
  • These Notes are due on December 15, 2030, and bear interest at an annual fixed rate of 5.99%, payable semi-annually beginning June 15, 2026.
  • The Notes are senior unsecured obligations of the Partnership and are guaranteed by Gladstone Commercial Corporation and its subsidiary guarantors.
Dec 15, 2025, 9:41 PM
GOOD Announces Q3 2025 Financial and Operational Highlights
GOOD
Earnings
New Projects/Investments
Dividends
  • For Q3 2025, GOOD generated FFO and Core FFO of $16.4 million, or $0.35 per diluted share, each.
  • The company acquired a 693,236 square foot industrial portfolio for $54.5 million with a 20.0-year lease term during the quarter.
  • As of September 30, 2025, GOOD maintained a strong portfolio with 99.1% occupancy and a leverage ratio of 46%, which is below the covenant threshold of 60%.
  • GOOD paid monthly common stock dividends totaling $0.30 per common share for Q3 2025, representing an annualized $1.20 per common share.
Nov 4, 2025, 1:30 PM
Gladstone Commercial Corporation Reports Q3 2025 Results, Increases Industrial Concentration
GOOD
Earnings
New Projects/Investments
Debt Issuance
  • Gladstone Commercial Corporation (GOOD) reported Q3 2025 FFO and core FFO per share of $0.35, a decrease from $0.38 in Q3 2024, despite an increase in total operating revenues to $40.8 million from $39.2 million.
  • The company significantly advanced its industrial concentration to 69% of annualized straight-line rents, driven by $206 million in industrial acquisitions year-to-date through Q3 2025, including a $54.5 million six-facility portfolio in Q3.
  • Portfolio occupancy reached 99.1% as of September 30, 2025, the highest since Q1 2019, with a weighted average lease term of 7.5 years.
  • GOOD enhanced its financial flexibility by extending and upsizing its bank credit facility to $600 million and raising $61 million in net proceeds from common stock sales via its ATM program during the nine months ended September 30, 2025.
Nov 4, 2025, 1:30 PM
Gladstone Commercial Reports Q3 2025 Results and Portfolio Updates
GOOD
Earnings
New Projects/Investments
  • Gladstone Commercial Corporation reported Q3 2025 revenues of $40.84 million, exceeding expectations, but funds from operations (FFO) of $0.35 per share, missed the consensus estimate of $0.39.
  • The company's portfolio consists of 151 properties totaling approximately 17.7 million square feet across 27 states, with 53% investment grade tenants and an average lease term of 7.5 years.
  • Strategic activities included a 3.3% year-over-year revenue increase driven by a new six-property acquisition and the sale of a non-core site, alongside 100% rent collection and leasing activity on 734,464 square feet across 14 properties.
  • Gladstone Commercial issued 1,891,807 shares of common stock under its at-the-market (ATM) program and maintains approximately $63 million available under its revolving credit facility as of early November 2025.
Nov 3, 2025, 10:15 PM
Gladstone Commercial Corporation Reports Q3 2025 Results
GOOD
Earnings
New Projects/Investments
Debt Issuance
  • Gladstone Commercial Corporation reported Core FFO per diluted share of $0.35 for the third quarter ended September 30, 2025, which was consistent with the prior quarter. Net income available to common stockholders was $0.02 per share for Q3 2025, a decrease from $0.03 per share in Q2 2025.
  • During Q3 2025, the company acquired a six-facility portfolio totaling 693,236 square feet for $54.8 million and sold one non-core industrial property for $3.0 million.
  • Subsequent to the quarter end, Gladstone Commercial increased its credit facility to $600.0 million, extending maturities and upsizing both the revolver and term loan components. Additionally, $23.0 million in net proceeds were raised through the at-the-market (ATM) program by issuing 1,891,807 shares of common stock.
  • The company collected 100% of cash rents due during July, August, September, and October 2025.
Nov 3, 2025, 9:04 PM
Gladstone Commercial Amends, Extends, and Upsizes Credit Facility
GOOD
Debt Issuance
New Projects/Investments
  • Gladstone Commercial Corporation amended, extended, and upsized its syndicated revolving credit and term loan facility from $475 million to $600 million on October 10, 2025.
  • The facility includes an option for a further increase of up to $250 million, potentially bringing the total credit facility to $850 million.
  • The upsizing allocated a $50 million increase to the aggregate term loan component and a $75 million increase to the revolving credit facility.
  • Key maturity dates were extended, with the revolving credit facility now maturing in October 2029, Term Loan A in October 2029, and Term Loan B in February 2030.
  • This increased availability is intended to support the company's growth by providing liquidity for future acquisitions and business operations.
Oct 14, 2025, 7:17 PM