Gladstone Commercial Corporation — Third Quarter 2026 Earnings Summary

Gladstone Commercial Corporation reported a net loss of $5.2 million, or $0.11 per share, for the third quarter ended September 30, 2026, compared to a net income of $5.1 million in the prior quarter. Core funds from operations (FFO) available to common stockholders and Non-controlling OP Unitholders decreased 7.8% to $16.9 million, driven by higher property expenses, increased interest costs due to rising SOFR rates, and a lease termination fee from a previous period. The company acquired one fully-occupied industrial property for $6.6 million and collected 100% of cash rents for the quarter. Additionally, the firm repaid $10.2 million in fixed-rate mortgage debt and declared monthly distributions of $0.30 per share on its common stock and Non-controlling OP Units.