Gladstone Commercial Corporation Provides a Semiannual Business Update
Gladstone Commercial (Nasdaq:GOOD), a REIT focused on net leased industrial properties, has reported strong performance in its semiannual business update through June 30, 2025. The company achieved 100% cash base rent collection and invested $152.2 million in four industrial property acquisitions, totaling 874,871 square feet.
Key highlights include a 6.4% increase in same-store lease revenue year-over-year, successful lease renewals for 123,017 square feet of space, and strategic disposition of non-core properties. The company's portfolio now spans 17.0 million square feet across 143 properties in 27 states, with improved occupancy of 98.7%. Industrial concentration has increased to 67% of annualized straight-line rent, up from 62% in 2024.
Gladstone Commercial (Nasdaq:GOOD), un REIT specializzato in immobili industriali con locazioni nette, ha riportato ottimi risultati nel suo aggiornamento semestrale al 30 giugno 2025. La società ha raggiunto una riscossione del 100% del canone base in contanti e ha investito 152,2 milioni di dollari in quattro acquisizioni di immobili industriali, per un totale di 874.871 piedi quadrati.
I punti salienti includono un aumento del 6,4% dei ricavi da locazioni a parità di immobili rispetto all'anno precedente, rinnovi di locazione riusciti per 123.017 piedi quadrati di spazio e la cessione strategica di proprietà non core. Il portafoglio della società ora copre 17,0 milioni di piedi quadrati distribuiti su 143 proprietà in 27 stati, con un tasso di occupazione migliorato al 98,7%. La concentrazione industriale è salita al 67% del canone annuo rettificato, rispetto al 62% del 2024.
Gladstone Commercial (Nasdaq:GOOD), un REIT enfocado en propiedades industriales con arrendamientos netos, ha reportado un sólido desempeño en su actualización semestral al 30 de junio de 2025. La compañía logró una cobranza del 100% del alquiler base en efectivo e invirtió 152,2 millones de dólares en cuatro adquisiciones de propiedades industriales, sumando un total de 874,871 pies cuadrados.
Los aspectos destacados incluyen un aumento del 6,4% en ingresos por arrendamientos de propiedades comparables año tras año, renovaciones exitosas de arrendamientos por 123,017 pies cuadrados y la disposición estratégica de propiedades no esenciales. La cartera de la compañía ahora abarca 17,0 millones de pies cuadrados en 143 propiedades en 27 estados, con una ocupación mejorada del 98,7%. La concentración industrial aumentó al 67% del alquiler anualizado en línea recta, desde el 62% en 2024.
Gladstone Commercial (나스닥:GOOD)은 순 임대 산업용 부동산에 중점을 둔 REIT로, 2025년 6월 30일까지의 반기 사업 업데이트에서 강력한 실적을 보고했습니다. 회사는 기본 현금 임대료 100% 징수를 달성했으며, 총 874,871평방피트에 달하는 네 곳의 산업용 부동산을 1억 5,220만 달러에 인수했습니다.
주요 내용으로는 전년 대비 동일 점포 임대 수익 6.4% 증가, 123,017평방피트 공간에 대한 성공적인 임대 갱신, 비핵심 자산의 전략적 처분이 포함됩니다. 회사의 포트폴리오는 현재 27개 주에 걸쳐 143개 부동산, 총 1,700만 평방피트를 보유하고 있으며, 점유율은 98.7%로 향상되었습니다. 산업 부문 집중도는 2024년 62%에서 67%로 증가했습니다.
Gladstone Commercial (Nasdaq:GOOD), un REIT spécialisé dans les propriétés industrielles louées nettes, a publié de solides résultats dans sa mise à jour semestrielle au 30 juin 2025. La société a atteint un taux de recouvrement des loyers de base en espèces de 100% et investi 152,2 millions de dollars dans l'acquisition de quatre propriétés industrielles, totalisant 874 871 pieds carrés.
Les points clés incluent une augmentation de 6,4 % des revenus locatifs à périmètre constant d'une année sur l'autre, des renouvellements de baux réussis pour 123 017 pieds carrés d'espace, ainsi qu'une cession stratégique de propriétés non essentielles. Le portefeuille de la société couvre désormais 17,0 millions de pieds carrés répartis sur 143 propriétés dans 27 États, avec un taux d'occupation amélioré à 98,7%. La concentration industrielle a augmenté à 67% du loyer annualisé linéaire, contre 62 % en 2024.
Gladstone Commercial (Nasdaq:GOOD), ein auf netto vermietete Industrieimmobilien spezialisierter REIT, hat in seinem halbjährlichen Geschäftsupdate zum 30. Juni 2025 starke Ergebnisse gemeldet. Das Unternehmen erzielte eine 100%ige Einziehung der Bar-Grundmiete und investierte 152,2 Millionen US-Dollar in den Erwerb von vier Industrieimmobilien mit einer Gesamtfläche von 874.871 Quadratfuß.
Wichtige Highlights sind ein 6,4%iger Anstieg der Mieteinnahmen aus Bestandsobjekten im Jahresvergleich, erfolgreiche Mietvertragsverlängerungen für 123.017 Quadratfuß Fläche sowie die strategische Veräußerung von nicht zum Kerngeschäft gehörenden Immobilien. Das Portfolio des Unternehmens umfasst nun 17,0 Millionen Quadratfuß auf 143 Immobilien in 27 Bundesstaaten, mit einer verbesserten Belegungsquote von 98,7%. Die Industriekonzentration stieg von 62% im Jahr 2024 auf 67% der annualisierten linearen Miete.
- 100% collection rate of cash base rents from tenants
- Significant $152.2M investment in industrial properties with 14.3-year weighted average lease terms
- 6.4% increase in same-store lease revenue year-over-year
- Portfolio occupancy improved to 98.7% from 98.5% year-over-year
- Successfully increased industrial concentration to 67% from 62% year-over-year
- Strategic disposition of non-core office and industrial properties
- None.
Insights
Gladstone executed its industrial-focused strategy with perfect rent collection, $152.2M in acquisitions, and improved occupancy to 98.7%.
Gladstone Commercial's semiannual update reveals strong operational execution across multiple fronts. The perfect 100% rent collection signals excellent tenant quality and robust property management, particularly noteworthy in today's market. Their $152.2 million deployment into four industrial properties demonstrates successful capital allocation with attractive 14.3-year weighted average lease terms, providing long-term revenue visibility with $13.2 million in annualized GAAP rents.
The company's strategic pivot toward industrial real estate continues gaining momentum, with industrial concentration increasing to 67% of annualized straight-line rent, up 5 percentage points year-over-year. This transition aligns with broader market trends favoring industrial assets over office properties. Simultaneously, they've executed their capital recycling strategy by divesting 736,031 square feet of non-core properties, optimizing portfolio quality.
Same-store lease revenue growth of 6.4% indicates strong pricing power and effective lease management. The marginal occupancy improvement to 98.7% from 98.5% maintains their near-perfect utilization rate, significantly outperforming REIT industry averages. With 17.0 million square feet across 143 properties in 27 states, the portfolio maintains geographic diversification while growing more concentrated in the favored industrial sector.
This update demonstrates management's successful execution of their stated strategy: growing industrial exposure, recycling capital from non-core assets, maintaining high occupancy, and driving same-store revenue growth – all key metrics that typically support dividend sustainability for REITs.
MCLEAN, VA / ACCESS Newswire / July 18, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is a real estate investment trust ("REIT") focused on acquiring, owning, and operating net leased industrial properties across the United States. We are providing the following semiannual business update regarding our portfolio performance through June 30, 2025.
We collected
100% of cash base rents from our tenants.We invested
$152.2 million in four acquisitions of industrial properties totaling 874,871 square feet with a weighted average lease term of approximately 14.3 years and annualized GAAP rents of$13.2 million .We renewed leases on 67,709 square feet of industrial space and 55,308 square feet of office space across the portfolio.
We increased same store lease revenue by
6.4% compared to the same time period in 2024.We sold 60,000 square feet of non-core office property and completed the sale of 676,031 square feet of non-core industrial property.
As of June 30, 2025, our portfolio had industrial concentration as a percentage of annualized straight-line rent of
67% compared with62% as of the same time in 2024.As of June 30, 2025, our portfolio consisted of 17.0 million square feet across 143 properties in 27 states, with occupancy of
98.7% compared with98.5% as of the same time in 2024.
Buzz Cooper, President of Gladstone Commercial commented, "The team has continued to work hard in 2025 as we press forward with our growth initiatives, focusing on increasing our industrial concentration and improving the overall quality of our portfolio. We are pleased with the results through the first half of 2025 and will continue our strategy of growing our overall industrial concentration through acquisitions and strategic selling of non-core assets."
Gary Gerson, Chief Financial Officer of Gladstone Commercial commented, "We continue to grow the industrial portfolio with accretive real estate while recycling non-core assets and renewing leases in a volatile environment and at the same time, maintaining a strong balance sheet. This is shaping up to be an outstanding year for the company and its shareholders."
About Gladstone Commercial (Nasdaq: GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of June 30, 2025, Gladstone Commercial's real estate portfolio consisted of 143 properties located in 27 states, totaling approximately 17.0 million square feet. For additional information, please visit www.gladstonecommercial.com.
For Broker Submittals:
Midwest/West | South Central | |
Ryan Carter | Todd Alan McDonald | |
Executive Vice President | Senior Vice President | |
(571) 451-0019 | (703) 287-5895 | |
Southeast/Northeast | ||
Nick Lindsay | ||
Vice President | ||
(703) 966-3864 | ||
Investor or Media Inquiries:
Buzz Cooper | Catherine Gerkis | |
President | Director of Investor Relations/ESG | |
(703) 287-5815 | (703) 287-5846 | |
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
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