GLADSTONE COMMERCIAL CORP

# Gladstone Commercial Corp

A diversified real estate investment trust headquartered in McLean, Virginia, Gladstone Commercial acquires and manages net-leased commercial properties across the United States. The company generates revenue primarily through lease payments from tenants occupying its portfolio of single-tenant and anchored multi-tenant properties. Its acquisition strategy encompasses direct purchases, sale-leaseback transactions, and build-to-suit partnerships with developers.

As of June 30, 2025, Gladstone Commercial owned approximately 17.0 million square feet of primarily industrial and office real estate valued at roughly $1.2 billion in total assets. The portfolio comprises 143 properties leased to 107 tenants representing 20 diversified industries across 27 states. Approximately 51% of its tenant base holds investment-grade or investment-grade-equivalent credit ratings. The company partners with both middle-market private businesses and larger investment-grade rated companies, creating a mixed-credit tenant profile.

The portfolio reflects an average lease remaining term of 7.1 years as of mid-2025. Industrial and office properties form the primary asset classes, with tenants concentrated across multiple geographic regions to mitigate concentration risk. The diversification across property types, tenant credits, and geographies positions the company's revenue streams across varying economic cycles and regional market conditions.