- CEO
- David John Gladstone
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 1521 Westbranch Drive McLean VA United States of America 22102
- IPO Date
- May 25, 2016
- Business
- Gladstone Commercial Corporation (Nasdaq: GOOD) is a real estate investment trust that acquires, owns, and operates single-tenant and anchored multi-tenant net leased industrial and office properties across 27 states in the United States; its portfolio, as of September 30, 2025, comprises 151 properties totaling approximately 17.7 million square feet leased to 110 tenants ranging from middle-market private businesses to investment-grade companies, with occupancy at 99.1%; the company focuses on mission-critical assets in primary and secondary growth markets, utilizing rigorous tenant credit underwriting informed by its affiliation with the Gladstone Companies family of funds. Founded in 2003 and headquartered in McLean, Virginia, Gladstone Commercial generates stable cash flows through absolute net leases where tenants cover operating expenses, taxes, insurance, repairs, and maintenance; it acquires properties via third-party purchases, sale-leaseback transactions, and build-to-suit developments with developers. In recent developments, the company acquired a 693,236 square foot industrial portfolio across six sites in Michigan, Indiana, and Georgia for $54.8 million in September 2025, entering a 20-year absolute net lease with TI Group Automotive, a global tier-1 automotive supplier, at a weighted average cap rate of 9.53%; it sold two non-core assets in 2025 as part of its capital recycling strategy to de-lever and fund investments in target growth markets, particularly industrial properties; subsequent to Q3 2025, it amended, extended, and upsized its credit facility to $600 million, increasing the revolver to $200 million maturing October 2029 and term loans to $400 million maturing 2029-2030; leasing activity in 2025 covered 857,481 square feet with 12 tenants, and it issued 1.9 million common shares under its ATM program for $23 million in net proceeds.