Gladstone Commercial Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Arthur S. Cooper
- Full Time Employees
- 74
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 1521 Westbranch Drive McLean VA United States of America 22102
- IPO Date
- Sep 26, 2019
- CIK
- 0001234006
- Website
- gladstonecommercial.com
- Similar Companies
- Business
- Gladstone Commercial Corporation (Nasdaq: GOOD) is a real estate investment trust (REIT) that acquires, owns, and operates a diversified portfolio of single-tenant and anchored multi-tenant net leased industrial and office properties across the United States. The company invests in high-quality, mission-critical assets located in primary and secondary growth markets, including industrial facilities for manufacturing, distribution, warehousing, and food processing; office properties; and build-to-suit developments, with tenants spanning industries such as automotive, food and beverage, telecommunications, healthcare, and banking. Properties feature long-term absolute net, triple net, or net leases typically exceeding seven years, with tenants responsible for operating expenses, taxes, insurance, repairs, and maintenance; as of September 30, 2025, the portfolio comprises 151 properties totaling approximately 17 million square feet in 27 states, leased to 110 tenants with 99.1% occupancy. Gladstone Commercial conducts its operations through an umbrella partnership REIT structure via Gladstone Commercial Limited Partnership and is part of the Gladstone Companies family of investment funds. Founded in 2003 and headquartered in McLean, Virginia, the company maintains rigorous tenant credit underwriting standards drawn from affiliated lending and private equity expertise. In recent developments, Gladstone Commercial acquired a 140,304 square-foot Class A USDA food processing facility in the Dallas/Fort Worth area for $44 million at an 8.44% GAAP cap rate in March 2025, 100% leased to American Meat Companies under an 11.3-year absolute NNN lease; completed the purchase of a six-facility industrial portfolio totaling 693,236 square feet across Michigan, Indiana, and Georgia for approximately $54.8 million at a 9.53% cap rate, leased to TI Automotive under a 20-year absolute net lease; and acquired two fully occupied facilities encompassing 519,093 square feet for $79.3 million at an 8.88% cap rate. The company sold non-core properties, including one for $3 million in Q3 2025 and two for a combined $23.6 million earlier in the year, while securing a 10-year lease extension with JBT Marel Corporation for its 67,200 square-foot facility in Chalfont, Pennsylvania, and leasing or renewing 14 properties totaling 734,464 square feet. Additionally, Gladstone Commercial amended and expanded its syndicated credit facility to $600 million (with a $250 million accordion option) in October 2025, extending maturities through 2029-2030 to bolster liquidity for acquisitions; issued shares via its ATM program raising over $33 million; and sustained 100% cash rent collection while declaring consistent monthly distributions.
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