Gladstone Commercial (GOOD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 11, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.05

Last Year’s EPS

0.04

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized meaningful progress on strategic priorities — notably large industrial acquisitions (~$206M), a continued shift to industrial concentration (69% of annualized straight-line rent), very high occupancy (99.1%) and strong rent collection, combined with expanded financing capacity (upsized $600M credit facility, $85M private placement, $61M ATM). Offsetting these positives were a modest year-over-year decline in full-year FFO/core FFO, higher operating expenses (driven by depreciation and comparability items), limited cash on hand, a competitive acquisition market with some deal slippage, and uncertainty around office dispositions and certain near-term lease maturities. Overall, the operational and balance-sheet moves point to a company executing its industrial-focused strategy successfully, while managing typical sector and market headwinds.

Company Guidance

The company’s guidance centers on continuing to grow industrial concentration and deploying capital into accretive industrial acquisitions while extending leases and disposing of noncore assets, with a near‑term target of ~70% industrial annualized straight‑line rent (already 69% at year‑end, up from 63% in 2024). Key 2025 metrics supporting that plan include $206M of industrial acquisitions across 10 facilities totaling 1.6M sq ft (weighted avg cap rate 8.88% and avg lease term at closing 15.9 years), $21M of portfolio CapEx to renew/extend 1.2M sq ft at 18 properties producing a $2.1M net GAAP rent increase, 99.1% occupancy, 100% cash rent collection, avg remaining lease term 7.3 years, and same‑store lease revenue +4% YoY. Financially, Q4 operating revenues were $43.5M with $26.4M of operating expenses; FFO/core FFO per share were $0.37 for Q4 (vs $0.35 prior year) and $1.38/$1.40 for the full year (vs $1.41/$1.42), net assets rose from $1.1B to $1.25B, and the dividend remains $0.30 per quarter ($1.20/year). Liquidity and capital structure actions include an amended $600M credit facility (term loans + $200M revolver), $37.4M revolver borrowings outstanding, ~$60M availability and $4M cash on hand, ~$27.6M in 2026 loan maturities, a debt mix of 48% fixed/47% hedged floating/5% floating with effective avg SOFR 3.87%, an $85M private placement at 5.99% due in 2030, 4.4M ATM shares sold for $61M, and an active ~$300M pipeline pursuing acquisitions at a competitive cap‑rate floor around 7.5%–8.5% (with some assets averaging north of 9%).

Significant Industrial Acquisitions

Acquired over $206 million of industrial assets across 10 facilities totaling 1.6 million sq ft in 2025, with a weighted average cap rate of 8.88% and weighted average lease term at closing of 15.9 years.

Increased Industrial Concentration

Industrial concentration rose to 69% of annualized straight-line rent as of December 31, 2025, up from 63% a year earlier (increase of 6 percentage points), reflecting successful portfolio repositioning toward industrial assets.

High Occupancy and Rent Collections

Portfolio occupancy at 99.1% and 100% collection of cash-based rents for the period, indicating strong tenant demand and effective property management.

Same-Store Lease Revenue Growth

Same-store lease revenue increased 4% for the 12 months ended December 31, 2025 versus 2024, driven by higher recovery revenues and increased rental rates from leasing activity.

Q4 Per-Share Operating Improvement

FFO and core FFO per share for Q4 2025 were $0.37 each versus $0.35 in Q4 2024 — an increase of approximately 5.7% quarter-over-quarter.

Portfolio Enhancements and Leasing Activity

Invested $21 million to renew/extend 1.2 million sq ft across 18 properties, resulting in a $2.1 million net increase in GAAP rent and increasing portfolio WALT (average remaining lease term reported at 7.3 years).

Strengthened Liquidity & Capital Markets Access

Amended and upsized syndicated bank credit facility from $505 million to $600 million; issued $85 million of 5.99% senior unsecured notes (private placement); sold 4.4 million shares under ATM raising $61 million — actions that expanded financing capacity.

Balance Sheet and Net Asset Growth

Net assets increased from $1.1 billion to $1.25 billion during 2025 (increase of ~$150 million, or about +13.6%), reflecting net portfolio acquisitions and revenue-generating portfolio CapEx.

Revenue Increase in Q4

Total operating revenues for Q4 2025 were $43.5 million versus $37.4 million in Q4 2024 — an increase of $6.1 million (+16.3%), attributed to a larger portfolio, increased recovery revenues, and higher rental rates.

Active Pipeline and Acquisition Targets

Management reported an active transaction pipeline in the neighborhood of $300 million of opportunities and is targeting assets with cap rates generally between ~7.5%–8.5% (with competition), intending to be selective and focused on underwriting and tenant quality.

Gladstone Commercial (GOOD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GOOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2026	2026 (Q1)	0.05 / -	0.04	―	―	―
Feb 18, 2026	2025 (Q4)	0.02 / 0.05	0.09	-44.44% (-0.04)
Nov 03, 2025	2025 (Q3)	0.08 / 0.02	0.2	-90.00% (-0.18)
Aug 06, 2025	2025 (Q2)	0.08 / 0.03	-0.04	175.00% (+0.07)
May 07, 2025	2025 (Q1)	0.03 / 0.04	0.01	300.00% (+0.03)
Feb 18, 2025	2024 (Q4)	0.08 / 0.09	0.03	200.00% (+0.06)
Nov 04, 2024	2024 (Q3)	-0.05 / 0.20	-0.04	600.00% (+0.24)
Aug 06, 2024	2024 (Q2)	<0.01 / -0.04	-0.19	78.95% (+0.15)
May 06, 2024	2024 (Q1)	>-0.01 / 0.01	-0.02	150.00% (+0.03)
Feb 21, 2024	2023 (Q4)	0.02 / 0.03	-0.03	200.00% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GOOD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2026	$11.44	$12.01	+4.98%
Nov 03, 2025	$11.00	$10.33	-6.14%
Aug 06, 2025	$12.30	$12.27	-0.23%
May 07, 2025	$12.75	$12.71	-0.36%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gladstone Commercial Corp (GOOD) report earnings?

Gladstone Commercial Corp (GOOD) is schdueled to report earning on May 11, 2026, After Close (Confirmed).

What is Gladstone Commercial Corp (GOOD) earnings time?

Gladstone Commercial Corp (GOOD) earnings time is at May 11, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is GOOD EPS forecast?

GOOD EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.