Gladstone Commercial Corporation Reports Results for the Third Quarter Ended September 30, 2026
Key Highlights
- ➤Core FFO $16.9 million, down 7.8% quarter over quarter, at $0.35 per share
- ➤Net loss attributable to common stockholders $5.2 million, or $0.11 per share
- ➤Acquired fully occupied industrial property for $6.6 million at a 9.16% cap rate
- ➤Leased or renewed 502,557 square feet during the third quarter
- ➤Collected 100% of cash rents for July, August, September, and October
Expert Statements
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“Our financial results reflect consistent performance and stabilized revenues from our tremendous same store property occupancy, rent collection and growth, accretive real estate investments, and our ability to renew tenants.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We plan to continue our capital recycling program, whereby we sell non-core assets and use the proceeds to de-lever our portfolio, as well as to acquire properties in our target growth markets.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We will continue to opportunistically sell non-core assets and redeploy the proceeds into stronger target growth markets with a focus on industrial investment opportunities.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“While we expect to face challenges due to inflation, with a corresponding increase in interest rates, and various geo-political and economic issues, we feel strongly about the depth of our tenant credit underwriting.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We have collected 100% of the first three quarters' cash rents and 100% of October cash rents.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We anticipate our tenants will successfully navigate the current economic climate and will be able to continue operating successfully when economic normalcy returns fully.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“Despite economic uncertainty, through the third quarter of 2026, we leased or renewed 1,468,614 square feet with 12 tenants.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We are actively marketing our remaining vacant space and currently anticipate positive outcomes.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We expect to continue to have access to the debt and equity markets, as necessary, for added liquidity.”
Buzz Cooper, Chief Executive Officer and President of Gladstone Commercial Corporation
“We believe our same store rents, which have increased by 2% or greater annually in recent years, should continue to rise as we grow, and we will continue to primarily focus on investing in our target markets, with an emphasis on industrial properties and actively managing our portfolio.”
MCLEAN, VA / ACCESS Newswire / November 3, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the third quarter ended September 30, 2026. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For further detail, please also refer to both the quarterly financial supplement and the Company's Quarterly Report on Form 10-Q, which can be retrieved from the Investors section of our website at www.gladstonecommercial.com.
Summary Information (dollars in thousands, except share and per share data):
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