Gladstone Commercial Corporation reported a slight increase in total operating revenue for Q3 2025, reaching $40.841 million, up 3.3% from the previous quarter. However, net income decreased by 10.7% to $4.137 million. Core FFO per share remained stable at $0.35.
Total operating revenue increased by 3.3% to $40.841 million compared to the previous quarter.
Net income decreased by 10.7% to $4.137 million for the quarter.
Core FFO available to common stockholders and Non-controlling OP Unitholders increased by 1.8% to $16.4 million, or $0.35 per share.
The company maintained a high occupancy rate with square feet leased at 99.1% and collected 100% of cash rents.
Gladstone Commercial anticipates continued stable performance driven by high occupancy, rent collection, and strategic 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, the company expects to maintain access to debt and equity markets for liquidity and anticipates continued growth in same-store rents.
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