Gladstone Commercial Corporation reported a solid second quarter with total operating revenue reaching $39.533 million, a 5.4% increase from the previous quarter. Core FFO also saw a healthy rise to $16.114 million, or $0.35 per share, driven by recent acquisitions. However, net income decreased by 9.8% to $4.634 million, primarily due to higher interest expenses and general and administrative costs.
Total operating revenue increased by 5.4% to $39.533 million in Q2 2025.
Core FFO available to common stockholders and Non-controlling OP Unitholders rose by 5.4% to $16.114 million, or $0.35 per share.
Net income for the quarter was $4.634 million, a decrease of 9.8% compared to the prior quarter.
The company maintained strong occupancy at 98.7% and collected 100% of cash rents for the quarter.
Gladstone Commercial anticipates continued consistent performance driven by strong occupancy, rent collection, and strategic real estate investments. The company plans to continue its capital recycling program, selling non-core assets and reinvesting in target growth markets, particularly industrial properties. Despite economic uncertainties, they expect to maintain access to debt and equity markets for liquidity and anticipate continued rent increases.
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