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Investor releaseQuarter not tagged2026-05-07Gladstone Commercial Q1 Earnings Call Highlights
MarketBeat
Gladstone Commercial Q1 Earnings Call Highlights
Gladstone reported strong operational metrics — 100% cash rent collection, 98.7% occupancy and a 7.3‑year WALT after leasing/renewing >773,000 sq ft of industrial space — and management aims to push industrial assets to >20% of annualized straight‑line rent during 2026. FFO rose modestly to $0.35 per diluted share and total operating revenues increased to $41.9M, while the company reaffirmed its common dividend of $0.30 per quarter; balance-sheet liquidity includes ~$7.8M cash and ~$77M available on the credit line, with debt roughly 48% fixed/48% hedged and an effective SOFR of 3.68%. Management is actively recycling non‑core assets into industrial acquisitions — working on two deals expected to close, with ~three LOIs (~$87M) under review and target purchases around a mid‑6.5% cap — and says recent dispositions have been accretive to both straight‑line and current rent. Interested in Gladstone Commercial Corporation? Here are five stocks we like better. Gladstone Commercial (NASDAQ:GOOD) reported first-quarter 2026 results highlighted by steady funds from operations, high rent collections, and continued progress toward increasing the industrial concentration of its portfolio. Management said the company renewed or leased more than 773,000 square feet of industrial space and 32,000 square feet of office space during the quarter, resulting in an increase in straight-line rent of more than $86,000 annually. The company did not sell any properties in the first quarter, though it sold a portion of a land parcel and recorded a gain of approximately $1.8 million. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries On the call, the company reiterated its strategic focus on growing industrial exposure, adding value through renewals and capital investments, and disposing of non-core assets to recycle proceeds into industrial acquisitions. Management said it expects those efforts to support longer weighted average lease term (WALT), strong occupancy, straight-line rental growth, and a lower cost of capital over time. CEO and President Arthur Cooper pointed to operational performance metrics for the period, including: 100% collection of cash-based rents 98.7% occupancy across the portfolio 7.3-year average remaining lease term → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Cooper said the company is working toward a ne...
Investor releaseQuarter not tagged2026-05-06Gladstone Commercial: Q1 Earnings Snapshot
Associated Press
Gladstone Commercial: Q1 Earnings Snapshot
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Commercial Corp. (GOOD) on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $17 million, or 35 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $3.8 million, or 8 cents per share. The real estate investment trust, based in McLean, Virginia, posted revenue of $41.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOD at https://www.zacks.com/ap/GOOD
Investor releaseQuarter not tagged2026-05-06Gladstone Commercial Corporation Q1 2026 Earnings Call Summary
Moby
Gladstone Commercial Corporation Q1 2026 Earnings Call Summary
Performance was driven by a 1% increase in same-store lease revenue, resulting from higher recovery revenues and rental rate growth from recent leasing activity. Management is executing a strategic pivot toward industrial concentration, targeting a near-term goal of 70% industrial annualized straight-line rent. High occupancy of 98.7% and 100% cash rent collection are attributed to the mission-critical nature of assets and rigorous credit underwriting of middle-market tenants. The company is actively recycling capital by disposing of non-core office assets and redeploying proceeds into accretive industrial acquisitions. Operational expenses increased primarily due to higher depreciation from a larger portfolio, though this was partially offset by an incentive fee credit. Strategic value-add initiatives include capturing mark-to-market opportunities and supporting tenant growth through targeted expansions and build-to-suit projects. Management anticipates a more robust acquisition environment in the second and third quarters as private credit fluctuations drive tenants toward sale-leaseback financing. The acquisition pipeline remains steady at approximately $300 million to $350 million, with three letters of intent currently totaling approximately $87 million. Near-term growth strategy focuses on manufacturing properties with high 'bolt-down' costs and specialized equipment, which increases tenant retention and switching costs. The company plans to utilize its $77 million line of credit and ATM program to fund accretive industrial acquisitions while maintaining a disciplined cost of capital. Management is proactively addressing 2026 and 2027 lease expirations, with a specific focus on the Austin property lease expiring at the end of 2026. Recorded a gain on sale of approximately $1.8 million from an opportunistic disposal of a land parcel to a municipality for a bike path. Identified one small industrial property in Charlotte, North Carolina, as held for sale as of the end of the quarter. Management acknowledged the challenging office environment but remains 'strategic and intentional' regarding the timing of office dispositions. Debt profile remains 96% fixed or hedged, mitigating exposure to interest rate volatility, with an effective average SOFR of 3.68%. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest...
Investor releaseQuarter not tagged2026-05-06Gladstone Commercial Corporation Reports Results for the First Quarter Ended March 31, 2026
ACCESS Newswire
Gladstone Commercial Corporation Reports Results for the First Quarter Ended March 31, 2026
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 / May 5, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the first quarter ended March 31, 2026. 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): (1) Includes one property classified as held for sale of $12.0 million and 161,458 square feet. (2) Includes one property and a portion of a land parcel classified as held for sale of $12.2 million and 161,458 square feet, in the aggregate. First Quarter Activity: Collected 100% of cash rents: Collected 100% of cash rents due during January, February, and March; Sold properties: Sold a portion of a land parcel for $2.0 million; Completed leasing activity: Leased or renewed 805,622 square feet with remaining lease terms ranging from 0.7 years to 6.0 years at five of our properties; Repaid debt: Repaid $1.5 million in fixed rate mortgage debt at a weighted average interest rate of 6.58%; Extended mortgage debt maturity date: Extended the maturity date of $7.8 million swapped to fixed rate mortgage debt with an interest rate of 3.78% for an additional year; 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. First Quarter 2026 Results: Core FFO available to common shareholders and Non-controlling OP Unitholders for the three months ended March 31, 2026 was $17.0 million, a 4.7% decrease when co...
TranscriptFY2026 Q12026-05-06FY2026 Q1 earnings call transcript
Earnings source - 73 paragraphs
FY2026 Q1 earnings call transcript
Thanks, and welcome to Gladstone Commercial Corporation first quarter earnings call. I will now turn the conference over to Mr. David Gladstone, Chairman of Gladstone Commercial Corporation. Thank you, Mr. Gladstone. You may begin.
Well, thank you so much for that nice introduction. Thanks to all of you guys on the phone for calling in today. I wanna tell you, we do enjoy the time we have with you and on the phone even. I wish we had more time to talk. Let's start out with Catherine Gerkis, she's our Director of Investor Relations, to provide a brief disclosure regarding certain regulatory matters that always impact everything we say. Catherine, go at it.
Thanks, David. Good morning. Today's call may include forward-looking statements which are based on management's estimates, assumptions, and projections. There are no guarantees of future performance, and actual results may differ materially from those expressed or implied in these statements due to various uncertainties, including the risk factors set forth in our SEC filings, which you can find on the investor page of our website, www.gladstonecommercial.com. We assume no obligation to update any of these statements unless required by law. Please visit our website for a copy of our Form 10-Q and earnings press release for more detailed information. You can also sign up for our email notification service and find information on how to contact our investor relations department. We are also on X @gladstonecomps, as well as Facebook and LinkedIn. Keyword for both is The Gladstone Companies.
Today, we'll discuss FFO, which is Funds From Operations, a non-GAAP accounting term defined as net income, excluding the gains or losses from the sale of real estate and any impairment losses on property, plus depreciation and amortization of real estate assets. We may also discuss Core FFO, which is generally FFO adjusted for certain other non-recurring revenues and expenses. We believe these metrics can be a better indication of our operating results and allow better comparability of our period-over-period performance. Now, let's turn the presentation to Arthur Cooper, Gladstone Commercial's CEO and President.
Thank you, Catherine, thank you all for joining today's call. We are pleased to update you on our results for the quarter ended March 31st, 2026, our current portfolio, and our 2026 outlook. During the quarter, we renewed or leased over 773,000 sq ft of industrial and 32,000 sq ft of office, resulting in an increase in straight-line rent of over $86,000 annually. We did not sell any properties in Q1 2026, but we did sell a portion of one parcel of land with a gain on sale of approximately $1.8 million.
As we have discussed in the past, we remain steadfast in several key focus areas, growing our industrial concentration, adding value in our existing portfolio through renewals, extensions, and strategic capital investments, and disposing of non-core assets and strategically redeploying those proceeds into quality industrial assets. By executing on these focus areas, we expect to achieve increased portfolio WALT, strong occupancy rates, straight-line rental growth across the portfolio, and a decreased cost of capital. Our asset management team continues to effectively manage the existing portfolio, as evidenced by 100% collection of cash-based rents for the period, 98.7% occupancy across the portfolio, 7.3-year average remaining lease term. Each of these milestones is a testament to the mission-critical nature of the assets in our portfolio, the quality of the tenant credit in the portfolio, and our underwriting capabilities.
We are grateful to our lenders for their continued trust and partnership with us. These long-standing relationships are critical to our continued investment in the current portfolio and the addition of mission-critical industrial assets going forward. In short, our relationship with our tenants, the capital markets community, and our financial capacity have allowed us to execute upon our focus areas at a high level. Looking ahead to 2026, we remain focused on evaluating opportunities that are high-quality industrial assets that are mission-critical to tenants and industries and accretive to our long-term strategy. As I mentioned, we're working toward our near-term goal of 20% industrial annualized straight-line rent. We look to achieve this goal and push past it during the year.
While we do not have a timeline for the disposition of all of our office properties, we are keenly focused on growing the industrial concentration of our portfolio. At the same time, we will continue to work with our existing tenants to extend leases, capture mark-to-market opportunities, support tenant growth through targeted expansions, capital improvement initiatives, and build-to-suit opportunities. While we remain aware of the challenging office environment, we will be strategic and intentional in evaluating our specific portfolio, seeking opportune times to dispose of office and non-core industrial as part of our continued capital recycling efforts. With the availability via our increased line of credit, access to private placement bond market, cash on hand, and ability to raise money at our ATM, we are positioned to deploy capital into accretive industrial acquisitions and portfolio improvements.
In closing, 2025 was a great year for the company, and the team is focused on continuing their efforts through the remainder of 2026. I will now turn the call over to Gary Gerson, our CFO, to review our financial results for the quarter and liquidity position.
Thank you, Buzz. I'll start my remarks regarding our financial results this morning by reviewing our operating results for the 1st quarter of 2026. All per share numbers referenced are based on fully diluted weighted average common shares. FFO and Core FFO per share available to common stockholders were both $0.35 per share respectively for the quarter. FFO and Core FFO available to common stockholders during the same period in 2025 were both $0.34 per share respectively. Same-store lease revenue increased by 1% in the three months ended March 31, 2026 over the same period in 2025, due to an increase in recovery revenue from property operating expenses and an increase in rental rates from leasing activity subsequent to the quarter ended March 31, 2025.
Our first quarter results reflect the total operating revenues of $41.9 million, with operating expenses of $25.2 million, as compared to operating revenues of $37.5 million and operating expenses of $23.9 million for the same period in 2025. Operating revenues were higher in 2026 due to an increased portfolio size, increased recovery revenues, and higher rental rates. Expenses were higher in the first quarter of 2026 versus the same period in 2025, mainly due to higher depreciation from a larger portfolio, partially offset by crediting back all the incentive fee in the first quarter of 2026. At the end of the quarter, we had one small industrial property in Charlotte, North Carolina, held for sale.
As of today, we have $17.9 million loan maturities in 2026 and $35.2 million of loan maturities in the first quarter of 2027. At the end of the quarter, we had $34.3 million of revolving borrowings outstanding. Looking at our debt profile, as of March 31st, 48% was fixed rate, 48% was hedged floating rate, and 4% was floating rate, which is the amount drawn on our revolving credit. As of March 31, our effective average SOFR was 3.68%. Our outstanding bank term loans are all hedged to maturity with interest rate swaps. We continue to monitor interest rates closely and update our hedging strategy as needed. During the three months ended March 31, 2026, we did not sell any shares of common stock under our ATM.
We continue to manage our equity activity to ensure that we have sufficient liquidity for upcoming capital requirements and new acquisitions. As of today, we have approximately $7.8 million in cash and $77 million of availability under our line of credit. We encourage you to review our quarterly financial supplement posted on our website, which provides more detailed financial and portfolio information for the quarter. Our common stock dividend is $0.30 per share per quarter, or $0.10 per month or $1.20 per year. Now I'll turn the program back to David.
Well, thank you, Gary. That was a good one. That was good from Arthur Cooper and Catherine Gerkis. The team continues to perform very, very well. Overall, very nice quarter for us, like we've done for many quarters in the past. For those of you who like quarterly dividends, this is a great company to buy into. [Food Ale's], 773 sq ft. 1,000 sq ft industrial, and then 32,000 sq ft of office. We sold a portion of land parcel, which gave us a gain on sale of about $1.78 million. Gladstone Commercial's team is growing. The real estate we own is in a good place to be, and the team is doing a great job managing the properties, especially during these challenging times. The good news is we have some very good properties, and they're rented to some great tenants.
Our team has strong professionals continuing to pursue potential quality properties on the list of acquisitions we have and are reviewing. Our acquisition team is seeking strong credit tenants. That's the key. Let's stop here and just ask the operator to come on board and help us listen to some questions from some of the people on the phone.
Thank you.
Operator.
Our first question comes from the line of Craig Kucera with Lucid Capital Markets. Please proceed with your question.
Hey, good morning, guys. You were pretty active this quarter on the leasing front. Can you talk about the leasing spreads you typically achieve during the quarter versus prior?
Leasing spreads, Craig, are you referring to either plus up or down in some cases relative to rent or?
Yes. Relative to rent.
Relative to rent. As mentioned, we did have a plus-up for the year, or excuse me, in the quarter, and most of that came from an industrial asset that we renewed. Certainly, we try to get mark-to-market as best as we can when that market is a plus-up. We have addressed all of our leases for 26. We have three or four outstanding that we need to work on, are working on. As I've mentioned in the past, we're in front of all of our expiring leases from 26 and 27. Obviously, the main concern is our property down in Austin, and we are obviously working that hard. We have had some activity, and hopefully, we'll have some more information on that in the not-too-distant future.
always look to optimize what we can relative to where we are in the market and obviously, the tenant's need within the building.
Got it. Oh, go ahead.
No, go ahead.
Trying to find out who's next. Go Craig.
Okay, sure. You did have a small sequential decline in occupancy from the fourth quarter. Was that in an office or an industrial property?
It was in an office for a period, it's going to be for a short period of time, due to building in Pennsylvania, the tenant downsized. Beginning in the third quarter, that occupancy will be picked up by a new tenant that is in on a longer-term lease. We hope to expand them within the whole building, that will come back up, if you will, once we hit the third quarter.
Got it. Okay. I think last quarter you thought you might close on maybe a $10 million property this quarter. Is that still in the mix? Kind of what's your near-term appetite and pipeline for acquisitions?
Sure. We have two transactions currently that we are working on that we do believe will close within this quarter, both industrial. Use of proceeds from the sale of one of our buildings we've referenced in the past that in fact is very accretive for us, both the straight line and current rent on that transaction doubles. It's very accretive to us. We look to differentiate ourselves via our underwriting as well as performance. There's been a little bit of a slowdown starting to come back now as things do coming out of the first quarter. Acquisitions, obviously the private credit's a little in flux, so people are looking back at sale-leasebacks as a way to finance their operations.
We anticipate a more robust second and third quarter.
Okay, great. Just circling back to the Austin property, does that GM lease, is that expiring in the second half of 2026? I guess kind of when you think about the lease expirations you have ahead of you in 2026 and 2027, can you give us a sense of the mix between office and industrial?
Sure. That lease there in Austin expires 12/31/2026. We will address this prior to that, as we move through that building, I trust. Into 2026 lease expirations, we have one sale that will occur, as Gary mentioned, held for sale. The office building I mentioned where the tenant is taking over 7/1/2026. The other three, two are office. They're in the process of renewal. One is with the U.S. Government, of which they're obviously with the shutdown and so forth, is they're still paying, but it's thrown back the completion of a renewal there. In one building, there will be a bit of a downsize, with the tenant taking 50% of the building, 50+.
Going into 2027, we have, again, as we always will, been in contact with all the tenancy. Some of them have fixed renewal right and notices. We feel confident that we'll have positive results coming out of that, and some have already been renewed. We're, we're working them hard. Again, the office and industrial side of that, one industrial, absolutely I'm certain that's gonna renew for 245,000 sq ft. Another one for 240 industrial, that's gonna renew. Our office would be Delta down in Atlanta. We are in discussions with them on renewal as well as we are showing the space. They're very slow to make a decision. Again, we're pushing out till 12/31/2027.
It's a mix currently of approximately, 60, 40. 60 is industrial, 40% office.
All right. That's helpful. Thank you.
Yes, sir.
Thank you.
Next question.
Our next question comes from the line of David Storms with Stonegate. Please proceed with your question.
To start with the parcel sale in the quarter, just curious, is this a structural shift? Is this opportunistic? Maybe, what's kind of the profile of a buyer that would come in for a parcel? Does it vary by geography or, you know, is there a typical kind of buyer you would see here?
David, I'm sorry, I missed the first part of your question. What's the profile of the buyer?
Yeah, apologies. Just around the parcel sales, maybe what's the profile of a buyer that would come in for a parcel sale? You know, is this something that was just opportunistic or are you starting to look at this with more intent?
It was opportunistic. In fact, the municipality came in, wanted that strip of land, if you will, to the back and not used by the property, put in a bike path
Understood. That's perfect. Thank you. Just curious, you know, you mentioned some of the macro stuff, and some of the challenges in underwriting as well. Just curious as to how your underwriting processes have changed, maybe how you're evaluating tenants with their, you know, maybe energy needs in relation to AI, you know, gas or geopolitical exposure, anything like that.
As you have heard, consistently, we have not changed our credit underwriting and won't, which is one reason our occupancy within our portfolio has always been so strong. We have not had any tenants ask for relief. As we stay in front of our tenants, we do quarterly reviews and annual where appropriate. We have not seen a drop in credit quality. We have two or three that we keep an eye on. However, they've been improving. Again, no missed rental payments and no ask for relief. We will stick to our knitting as it relates to our underwriting.
Understood. That's great commentary. One more. It sounded like in the last round of questions, you had mentioned you're seeing maybe more sale leaseback transactions. Is there a particular type of tenant that you're seeing this in? Just trying to maybe gauge what kind of momentum there could be for these kind of transactions.
As you know, we look for mission-critical real estate, obviously in the industrial side of the business, and with that comes manufacturing. We're not looking for big box distribution per se. The right cap rate, we would look hard at it. We are looking for those properties that have heavy bolt down cost, heavy equipment within the building, which leads to obviously the tenant, very expensive to move. They're industrial in nature and manufacturing with heavy need within the building, whether it's cranes or production lines or so forth. That's what we look for.
Understood. Thank you for taking my questions.
You bet. Thank you.
Next question.
Our next question comes from the line of John Massocca with B. Riley. Please proceed with your question.
Good morning. Apologies if I missed this earlier in the call. Can you lay out kind of what the brackets on the acquisition pipeline are and kind of what you're seeing in terms of the cap rate environment?
Sure, John. You know, the brackets around we're not gonna, as I mentioned, move our credit requirements within the analysis of the tenant. We are looking at deals in the mid 6.5% cap going in. There's a great deal of competition, and I know our competitors have referenced that as well. I think one of the differentiating points for us is we do what we say we're gonna do. We, we don't look to get into a deal and then try to make a deal. We, we're gonna stick to what we commit to do. We're gonna do our underwriting. We're gonna stick to our underwriting.
The profile is again, middle market companies, in hopeful locations where we see some value out of the real estate as evidenced by one of the properties we're holding for sale. We're gonna continue as we have in the past. One of the places I believe, where we have some opportunity to take advantage are our portfolio tenants at the moment that are looking to expand, that we can provide the capital to expand, so we can keep them in our portfolio.
Any change to the size of the pipeline versus the fourth Q earnings call at the time of the fourth Q earnings call?
No, it's, you know, we're always in the range of $300 million-$350 million under review. We have, you know, two LOIs, actually three LOIs currently, for approximately $87 million. It generally remains in that $300 million on an ongoing basis. We're under reviewing currently 13 opportunities.
Maybe in light of the kind of comments on potential tenants or tenants, you know, moving back to favoring the sale leaseback model. I mean, was your tenant base or kind of targeted acquisition base, you know, using the private capital that was out there, using kind of the private lending funds that was out there? Was that a competing source of kind of capital versus you all? Or is, you know, if those vehicles kind of pull back, do you think it impacts your investment, both yields and/or kind of, you know, the amount of acquisition volume you can do?
I don't believe that it is a great competitor to us, honestly. They're always gonna find some money that will go chase deals. Those don't work for us as it relates to return as well as the type of tenancy they might end up with. Again, as evidenced by our performance over 20+ years, we're going to be thoughtful both in the type of tenancy, where it's located, the fungibility of the real estate. Of course, as you've heard before, it's credit first and credit second, and the real estate as we get into the analysis of our deals.
Okay. Anything one-time to kind of be aware of in the 1Q results? I just thought I saw a little bit of accelerated rent, but wanted to kind of confirm that.
No, John, there's no accelerated rent in Q1. I mean, the only thing that's, you would call a one-time event would be that sale of the parcel for the gain. That would pretty much be it. Otherwise, it was a pretty standard quarter.
Okay. I appreciate that. That's it for me. Thank you.
Thank you.
Next question, please.
Thank you. Our next question is a follow-up question from the line of David Storms. Please proceed with your question.
Apologies. I did not mean to hit that.
David, do you have another question?
Apologies. I do not have another question. I'm not too sure how I got back in queue.
That's okay.
I don't know. Next question from operator.
There are no further questions at this time. I'd like to turn the floor back over to Mr. Gladstone for closing comments.
Oh, that's really sad. We like to have lots of questions, but we get three or four, and that's about it. We got to get a different ownership base that asks us a lot of questions. Right now you might say we're fat and happy. Everything's working as it should work, and we've got some really interesting things we're working on. With that, I'll close it down and say thank you all for tuning in, and we'll see you again next quarter.
Ladies and gentlemen, thank you for your participation. This does conclude today's teleconference. Please disconnect your lines and have a wonderful day.
Investor releaseQuarter not tagged2026-05-04Gladstone Commercial Corporation Earnings Call and Webcast Information
ACCESS Newswire
Gladstone Commercial Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESS Newswire / May 4, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) announces the following event: A conference call replay will be available after the call and will be accessible through May 13, 2026. To hear the replay, please dial (877) 660-6853 and use playback conference number 13759086. 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 SOURCE: Gladstone Commercial Corporation View the original press release on ACCESS Newswire
Investor releaseQuarter not tagged2026-04-15Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2026 and Earnings Release and Conference Call Dates for its First Quarter Ended March 31, 2026
ACCESS Newswire
Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2026 and Earnings Release and Conference Call Dates for its First Quarter Ended March 31, 2026
MCLEAN, VA / ACCESS Newswire / April 14, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of April, May and June 2026 and also announced its plan to report earnings for the first quarter ended March 31, 2026. Cash Distributions: Common Stock: $0.10 cash distribution per common share for each of April, May and June 2026, payable per Table 1 below. The Company has paid 255 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: Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of April, May and June 2026, payable per Table 2 below. The Company has paid 192 consecutive monthly cash distributions on its Senior Common. Table 2: Summary of Senior Common cash distributions: 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 April, May and June 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: 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 April, May and June 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: 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 April, May and June 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: Earnings Announcement: The Company also announced today that it plans to report earnings for the first quarter ended March 31, 2026, aft...
Investor releaseQuarter not tagged2026-02-20Gladstone Commercial Corp (GOOD) Q4 2025 Earnings Call Highlights: Strategic Growth Amidst ...
GuruFocus.com
Gladstone Commercial Corp (GOOD) Q4 2025 Earnings Call Highlights: Strategic Growth Amidst ...
This article first appeared on GuruFocus. Release Date: February 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gladstone Commercial Corp (NASDAQ:GOOD) acquired over $206 million of industrial assets in 2025, increasing their industrial concentration to 69% of annualized straight-line rent. The company achieved a high occupancy rate of 99.1% across its portfolio, indicating strong tenant retention and demand. Gladstone Commercial Corp (NASDAQ:GOOD) successfully amended and extended its syndicated bank credit facility from $505 million to $600 million, enhancing financial flexibility. The company issued $85 million in senior unsecured notes at a 5.99% interest rate, demonstrating effective capital market access. Same-store lease revenue increased by 4% year-over-year, reflecting successful lease renewals and rent increases. Funds from operations (Ffo) per share decreased slightly from $1.41 in 2024 to $1.38 in 2025, indicating a slight decline in profitability. The company faces a competitive market for industrial assets, which could impact future acquisition opportunities and pricing. Gladstone Commercial Corp (NASDAQ:GOOD) has a significant portion of office properties, which it aims to dispose of, but lacks a clear timeline for these dispositions. The company has $27.6 million in loan maturities in 2026, which may require refinancing or repayment strategies. Despite high occupancy, the company experienced a tenant loss, highlighting potential vulnerabilities in tenant retention. Warning! GuruFocus has detected 9 Warning Signs with GOOD. Is GOOD fairly valued? Test your thesis with our free DCF calculator. Q: Could you provide more details on the occupancy rate and any tenant changes? A: (Buzz Cooper, President) Our occupancy rate is at an all-time high since 2019. We renewed a tenant, which helped maintain our occupancy. There will be fluctuations as we add or dispose of properties, but our portfolio management team is doing a great job in maintaining high occupancy levels. Q: What is your strategy for increasing the industrial concentration of your portfolio, and how is the transaction environment affecting this? A: (Buzz Cooper, President) We aim to increase our industrial concentration to 70% of annualized straight-line rent. The market is competitive, especially in the triple net space. We...
Investor releaseQuarter not tagged2026-02-19Gladstone Commercial Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2025
ACCESS Newswire
Gladstone Commercial Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2025
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 / February 18, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2025. A description of funds from operations, or FFO, FFO as adjusted for comparability, and Core FFO, all three 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 Annual Report on Form 10-K, which can be found on the Investors section of our website at www.gladstonecommercial.com. Summary Information (dollars in thousands, except per share data): (1) Includes one property and a portion of a land parcel classified as held for sale of $12.2 million and 161,458 square feet, in the aggregate. (2) Includes a $0.01 million loss on sale, net, from the sale of one property during the three months ended September 30, 2025. (1) Includes a $0.01 million impairment charge recognized on one property during the year ended December 31, 2025. (2) Includes a $0.4 million gain on sale, net, from two property sales during the year ended December 31, 2025. (3) Includes one property and a portion of a land parcel classified as held for sale of $12.2 million and 161,458 square feet, in the aggregate. (4) Includes a $6.8 million impairment charge recognized on three properties during the year ended December 31, 2024. (5) Includes a $14.2 million gain on sale, net, from seven property sales and a selling profit from sales-type leases, and a $0.3 million gain on debt extinguishment, net, during the year ended December 31, 2024. (6) Includes two properties classified as held for sale of $8.1 million and 736,031 square feet. Highlights of Fiscal Year 2025: Acquired properties: Purchased 19 fully-occupied properties, with an aggregate of 1,568,107 square feet of rental space, for $206.7 million, at a weighted average cap rate of 8.88%; Sold properties: Sold two non-core properties as part of our capital recycling...
Investor releaseQuarter not tagged2026-02-19Gladstone Commercial Q4 Earnings Call Highlights
MarketBeat
Gladstone Commercial Q4 Earnings Call Highlights
Gladstone Commercial significantly increased industrial exposure, acquiring more than $206 million of industrial assets (10 facilities, 1.6M sq ft) at a weighted average cap rate of 8.88%, lifting industrial concentration to 69% of annualized straight-line rent with a goal to push past 70% in 2026. Operating metrics were strong: 99.1% occupancy, 100% cash rent collection, and 4% same-store lease revenue growth; Q4 FFO and core FFO were $0.37 per share and the company maintained its quarterly dividend of $0.30 (or $1.20 annually). Management bolstered liquidity and the balance sheet by upsizing the credit facility to $600 million (now $400M term loans/$200M revolver), issuing $85 million of 5.99% notes due 2030, and raising about $61 million via its ATM program, leaving roughly $60 million of available credit. Interested in Gladstone Commercial Corporation? Here are five stocks we like better. Gladstone Commercial (NASDAQ:GOOD) used its year-end and fourth-quarter earnings call to detail a year of industrial-focused portfolio growth, active capital recycling, and financing activity, while management emphasized a continued push to increase industrial concentration and maintain high occupancy. President Buzz Cooper said 2025 was “a productive year” for the company’s portfolio, highlighting a focus on growing industrial exposure, adding value through renewals and capital investments, and disposing of non-core assets. → Whale Watching: BlackRock’s Massive Bet on Nebius Group During 2025, the company acquired more than $206 million of industrial assets across 10 facilities totaling 1.6 million square feet, with a weighted average cap rate of 8.88%. At closing, the acquired properties had a weighted average lease term of 15.9 years. Cooper said the acquisitions increased industrial concentration, measured as a percentage of annualized straight-line rent, to 69% as of December 31, 2025, up from 63% at the end of 2024. Cooper also noted that the company invested $21 million in the existing portfolio to renew or extend 1.2 million square feet of leases across 18 properties. Those leasing actions resulted in a $2.1 million net increase in GAAP rent. → Corning’s Surprise AI Boom: Is It Already Too Late to Buy? On the dispositions front, the company sold two properties (one office and one industrial) and executed an agreement to sell another industrial property in the co...
Investor releaseQuarter not tagged2026-02-19Gladstone Commercial: Q4 Earnings Snapshot
Associated Press Finance
Gladstone Commercial: Q4 Earnings Snapshot
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Commercial Corp. (GOOD) on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in McLean, Virginia, said it had funds from operations of $17.9 million, or 37 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $2.2 million, or 5 cents per share. The real estate investment trust, based in McLean, Virginia, posted revenue of $43.5 million in the period. For the year, the company reported funds from operations of $65.7 million. Revenue was reported as $161.3 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOD at https://www.zacks.com/ap/GOOD
Investor releaseQuarter not tagged2026-02-19Gladstone Commercial (GOOD) Earnings Transcript
Motley Fool
Gladstone Commercial (GOOD) Earnings Transcript
Image source: The Motley Fool. Feb. 19, 2026 at 8:30 a.m. ET Chairman and Chief Executive Officer — David Gladstone President — Buzz Cooper Chief Financial Officer — Gary Gerson Chief Investment Officer — Catherine Gerkis Need a quote from a Motley Fool analyst? Email [email protected] Today, we will discuss FFO, which is funds from operations, a non-GAAP accounting term defined as net income, excluding the gains or losses from the sale of real estate and any impairment losses on property, plus depreciation and amortization of real estate assets. We may also discuss core FFO, which is generally FFO adjusted for certain other nonrecurring revenues and expenses. We believe these metrics can be a better indication of our operating results and allow better comparability of our period-over-period performance. Now let us turn the presentation to Buzz Cooper, Gladstone Commercial Corporation’s President. David Gladstone: Thank you, Catherine, and thank you all for joining today’s call. We are pleased to update you on our results for the year ended 12/31/2025, our current portfolio, and our 2026 outlook. 2025 was a productive year for our portfolio. During the year, we acquired over $260,000,000 of industrial assets across 10 facilities totaling 1,600,000 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. We increased portfolio industrial concentration as a percent of annualized straight-line rent to 69% as of 12/31/2025, as compared to 63% at the same date in 2024. We invested $21,000,000 in the existing portfolio towards renewing or extending 1,200,000 square feet of leases at 18 of our properties. These leases resulted in a $2,100,000 net increase in GAAP rent. We sold two properties consisting of one office and one industrial property and executed an agreement to sell another industrial property in the coming months. We amended, extended, and upsized our syndicated bank credit from $500,000,000 to $600,000,000 and closed on an $85,000,000 private placement at 5.99% senior unsecured notes due 12/15/2030. As we have discussed in the past, we remain steadfast in several key focus areas: growing our industrial concentration, adding value in our existing portfolio through renewals, extensions, and strategic capital investments, and disposing of non-core assets and strategically redeploying th...