GLADSTONE COMMERCIAL CORP

Gladstone Commercial Corporation reported a significant increase in net income available to common stockholders for the second quarter of 2026, reaching $5.12 million, with diluted EPS of $0.11. Lease revenue for the quarter also grew to $43.99 million. For the first six months of 2026, the company acquired one industrial property for $23.00 million and sold one property and a land parcel for $14.90 million, generating a net gain of $3.68 million as part of its capital recycling program. The advisory and administration agreements were renewed through August 2027.

Gladstone Commercial Corporation announced the election of George "Chip" Stelljes, III to its Board of Directors, effective June 1, 2026. Mr. Stelljes will serve as an independent director in the 2028 class and has been appointed to the Compensation Committee, Ethics, Nominating & Corporate Governance Committee, and Valuation Committee. His appointment expands the board from seven to eight directors, leveraging his extensive experience in investment analysis and management.

Gladstone Commercial Corporation reported Q1 2026 financial results, with net income available to common stockholders increasing by 71.5% to $3.8 million, or $0.08 per share, compared to the prior quarter. Core FFO decreased by 4.7% to $17.0 million, or $0.35 per share, primarily due to non-recurring items in the previous period. The company collected 100% of cash rents for the quarter and April, sold a land parcel for $2.0 million, and completed significant leasing activity.

Gladstone Commercial Corporation reported a significant increase in net income available to common stockholders for the first quarter of 2026, reaching $3.83 million compared to $1.92 million in the prior year. Total operating revenues also saw an 11.8% rise to $41.91 million. The company generated a net gain of $1.78 million from the sale of a land parcel, while total assets and liabilities experienced slight decreases from the previous quarter.