Earnings Releases·Nov 3, 2026, 4:02 PM ET

Gladstone Commercial Corporation — Third Quarter 2026 Earnings Summary

Net loss attributable to common stockholders was $5.2 million ($0.11 per share), reversing a $5.1 million net income in the prior quarter, driven by a $6.5 million impairment charge and higher interest expenses; Core FFO declined 7.8% to $0.35 per share.
Management anticipates same-store rent growth of 2% or greater annually and plans to continue capital recycling by selling non-core assets to de-lever the portfolio and acquire industrial properties in target growth markets.
Total debt increased 0.7% to $858.3 million, while total equity decreased to $318.1 million; the company repaid $10.2 million in fixed-rate mortgage debt subsequent to the quarter and issued $2.2 million via its ATM program.
Occupancy rates improved to 99.3% with 100% cash rent collection for the quarter, supported by the acquisition of one industrial property and the renewal of over 1 million square feet of leases.
Monthly cash distributions of $0.30 per share on common stock and Non-controlling OP Units were paid for the quarter and declared for the remainder of 2026.