Gladstone Commercial ( (GOOD) ) has released its Q3 earnings. Here is a breakdown of the information Gladstone Commercial presented to its investors.
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Gladstone Commercial Corporation is a real estate investment trust specializing in acquiring, owning, and operating net leased industrial and office properties across the United States.
In its third-quarter earnings report for 2025, Gladstone Commercial Corporation announced a slight increase in core funds from operations (Core FFO) and highlighted its strategic property acquisitions and leasing activities. The company reported a 1.8% increase in Core FFO, reaching $16.4 million or $0.35 per share, primarily driven by higher revenues from acquisitions and leasing activity.
Key financial metrics revealed a total operating revenue increase of 3.3% to $40.8 million, while net income available to common stockholders and non-controlling OP unitholders decreased to $1.0 million, or $0.02 per share. The company successfully collected 100% of cash rents for the quarter and expanded its property portfolio by acquiring a fully-occupied six-facility portfolio for $54.8 million. Additionally, Gladstone Commercial sold a non-core industrial property for $3.0 million as part of its capital recycling strategy.
Looking ahead, Gladstone Commercial remains optimistic about its ability to navigate economic challenges, including inflation and geopolitical issues, while continuing to focus on industrial investment opportunities. The company plans to maintain its strategy of selling non-core assets and reinvesting in target growth markets, with an emphasis on industrial properties.