Gladstone Commercial provides semiannual business update

Gladstone Commercial (GOOD) is providing the following semiannual business update regarding its 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 with 62% 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 with 98.5% as of the same time in 2024.”