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Gladstone Commercial Provides Summary of Mid-Year Business Developments

ACCESSWIRE•23/07/2026•16:10 ET
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Whiz Insights

MCLEAN, VA / ACCESS Newswire / July 23, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to report another successful six months (for the period ended June 30, 2026) of investing, leasing, and disposition activity in the net lease space. We continue to create shareholder value by increasing our industrial exposure and disposing of non-core office assets.

Acquisition Activity: * We acquired a mission-critical 153,890 square foot industrial property in Newport News, Virginia for $22.75 million. The facility is 100% leased to a subsidiary of Huntington Ingalls Industries ("HII"), America's largest shipbuilder, on a long-term net lease. * We have maintained our portfolio industrial concentration as a percentage of annualized straight line rent at 69% as of June 30, 2026, as compared to 63% as of December 31, 2024. * We acquired a parcel of land adjacent to our Clintonville, Wisconsin property for $0.7 million. The land will be used to construct an approximately 86,000 square foot expansion of the current facility.

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