Earnings ·
Gladstone Commercial Corporation reported financial results for the second quarter ended June 30, 2026, on August 5…
GOODNGladstone Commercial Corp
Gladstone Commercial Corporation reported financial results for the second quarter ended June 30, 2026, on August 5, 2026. Core FFO increased 7.7% to $18.3 million, or $0.38 per share, driven by a lease termination fee partially offset by higher expenses. Net income available to common stockholders rose 33.7% to $5.1 million, or $0.11 per share. The company collected 100% of cash rents and acquired one industrial property for $22.8 million while selling another for $12.9 million. Subsequent to the quarter, Gladstone declared monthly cash distributions totaling $0.30 per share on common stock and Non-controlling OP Units, along with specific amounts for its Series E, F, G preferred stocks, and senior common stock. The company operates as a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States.