Dallas, Texas--(Newsfile Corp. - February 20, 2026) - Gladstone Commercial Corp. (NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). In the fourth quarter of 2025, Gladstone Commercial Corp. maintained its disciplined portfolio management approach. The Company ended the quarter with 151 properties across 27 states, comprised of 17.7M square feet of rentable space. During FY25, GOOD executed its capital recycling strategy by selling two non-core properti ...

As we have discussed in the past, we remain steadfast in several key focus areas: growing our industrial concentration, adding value in our existing portfolio through renewals, extensions, and strategic capital investments, and disposing of non-core assets and strategically redeploying those proceeds into quality industrial assets. By executing on these focus areas, we expect to achieve increased portfolio value, strong occupancy rates, streamlined rental growth across the portfolio, continue to delever, an ...

Gladstone Commercial (NasdaqGS:GOOD) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBuzz Cooper - PresidentCatherine Gerkis - Director of Investor RelationsCraig Kucera - Managing Director of Equity ResearchDave Storms - Director of ResearchDavid Gladstone - Chairman and CEOGary Gerson - CFO and Assistant TreasurerConference Call ParticipantsJohn Massocca - Senior Research AnalystOperatorGreetings, and welcome to Gladstone Commercial Corporation Year-end and Fourth Quarter Earnings ...

Gladstone Commercial (NasdaqGS:GOOD) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsBuzz Cooper - PresidentCatherine Gerkis - Director of Investor RelationsDave Storms - Director of ResearchDavid Gladstone - Chairman and CEOGary Gerson - CFO and Assistant TreasurerConference Call ParticipantsCraig Kucera - Equity Research AnalystJohn Massocca - Senior Research AnalystOperatorGreetings, and welcome to Gladstone Commercial Corporation year-end and fourth quarter earnings conference ca ...

Gladstone Commercial (NasdaqGS:GOOD) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Speaker7Greetings, and welcome to Gladstone Commercial Corporation year-end and fourth quarter earnings conference call. At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone requires operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my ple ...

Supplemental Financial & Operating Information for the Quarter Ended December 31, 2025 | Nasdaq: GOOD Legal Disclaimer Forward-Looking Statements: This presentation may include forward-looking statements within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934. Forward-looking statements are typically identified by words such as "estimate," "may," "might," "believe," "will," "provided," "anticipate," "future," "could," "growth," "plan," "project," "intend," "expect," "should," ...

分组1 - Gladstone Commercial reported quarterly funds from operations (FFO) of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and showing an increase from $0.35 per share a year ago, resulting in an FFO surprise of +4.23% [1] - The company achieved revenues of $43.46 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 11.44%, compared to year-ago revenues of $37.38 million [2] - Gladstone Commercial shares have increased approximately 9.8% since the beginning of the year, while the S&P 500 has shown a zero return [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is $0.35 on revenues of $40.2 million, and for the current fiscal year, it is $1.43 on revenues of $165.1 million [7] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - The estimate revisions trend for Gladstone Commercial was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment. MCLEAN, VA / ACCESS Newswire / February 18, 2026 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial" or the "Company") today reported financial results for the fourth quarter and year ended December 31, 2025. ...

Financial Performance - Total operating revenue for Q4 2025 was $43,461,000, an increase of 6.4% from $40,841,000 in Q3 2025[3] - Net income for Q4 2025 reached $5,382,000, representing a 30.1% increase compared to $4,137,000 in Q3 2025[3] - Funds from operations (FFO) available to common stockholders for Q4 2025 was $17,821,000, an 8.9% increase from $16,366,000 in Q3 2025[3] - Total operating revenue for the year ended December 31, 2025, was $161,336,000, an 8.0% increase from $149,388,000 in 2024[6] - Net income for the year ended December 31, 2025, was $19,292,000, a decrease of 19.8% from $24,040,000 in 2024[6] - Core funds from operations available to common stockholders for the year ended December 31, 2025, was $65,669,000, a 9.1% increase from $60,177,000 in 2024[6] - FFO available to common stockholders for FY 2025 was $64.9 million, an 8.8% increase compared to FY 2024, equating to $1.38 per share[13] - Core FFO for FY 2025 was $65.7 million, a 9.1% increase compared to FY 2024, equating to $1.40 per share[13] Asset and Equity Management - Total assets as of December 31, 2025, were $1,246,933,000, a decrease of 1.4% from $1,265,003,000 as of September 30, 2025[4] - Total equity and mezzanine equity decreased to $341,933,000, down 3.7% from $354,999,000 as of September 30, 2025[4] - Total assets increased to $1,246.9 million, a 13.9% increase from $1,094.3 million[10] Leasing and Property Management - The company maintained a square feet leased rate of 99.1% as of December 31, 2025[4] - Leased 305,589 square feet of previously vacant space with lease terms ranging from 5.3 to 11.7 years[10] - Renewed leases for 884,327 square feet with remaining terms from 0.7 to 11.3 years[10] - Collected 100% of 2025 base rent throughout the year[10] Capital and Financing Activities - Issued 4.4 million shares of common stock for net proceeds of $61.0 million under the ATM Program[10] - Increased credit facility from $155.0 million to $600.0 million, extending maturity dates to 2029 and 2030[10] - Paid monthly cash distributions totaling $1.20 per share on common stock and Non-controlling OP Units[10] Risks and Uncertainties - Gladstone Commercial's forward-looking statements regarding income stability and portfolio growth are subject to risks and uncertainties[23] - The company emphasizes the importance of its ability to raise additional capital and secure financing for operations and debt refinancing[23] - Economic downturns and tenant performance are significant factors that may impact actual results compared to forecasts[23] - Competition affects efforts to renew existing leases or re-lease space, which could influence overall performance[23] - Changes in interest rates are highlighted as a potential risk to the company's financial outlook[23]

Property Portfolio - The company owns 151 properties totaling 17.7 million square feet of rentable space, located in 27 states, with an occupancy rate of 99.1%[23] - The average remaining lease term of the portfolio is 7.3 years, with a majority of leases containing provisions for annual rent escalations[35] - As of December 31, 2025, the company owned 151 properties with 143 leases, where the five largest tenants accounted for approximately 17.2% of total lease revenue, indicating concentration risk[89] - The largest percentage of lease revenue by industry classification in 2025 came from Automotive at 15.2%, followed by Diversified/Conglomerate Services at 12.6%[177] - The company completed $207.9 million of industrial acquisitions during the year ended 2025, consisting of ten facilities totaling approximately 1.6 million square feet, with a weighted average capitalization rate of 8.88%[203] Financial Performance - As of December 31, 2025, the company had $250.2 million in mortgage notes payable, net, with no recourse to the company[42] - The company raised approximately $61.0 million in net proceeds by selling 4,412,814 shares of common stock under the 2024 Common Stock Sales Agreement during the year ended December 31, 2025[29] - The company collected 100% of all outstanding base rent for calendar year 2025, reflecting strong credit underwriting and asset management[200] - The total lease revenue for the year ended December 31, 2024, was $149.388 million, showing a growth trend from the previous year[177] - The lease revenue for the year ended December 31, 2025, totaled $161.336 million[175] Debt and Financing - The weighted average remaining term of the company's mortgage debt is 2.5 years, with a weighted average interest rate of 4.21%[23] - The company increased its revolving credit facility from $125.0 million to $155.0 million on September 18, 2025, incurring fees of approximately $0.5 million[45] - On October 10, 2025, the company amended its credit facility, increasing the revolver to $200.0 million and adjusting various term loans, with a weighted average interest rate of approximately 5.42%[47] - The company entered into a Note Purchase Agreement for $85.0 million of 5.99% senior unsecured notes, maturing on December 15, 2030[48] - The company obtained approximately $85.0 million of long-term private debt financing for property acquisitions and to repay revolving credit facilities and bank term loans for the year ended December 31, 2025[108] Risk Management - The company is subject to credit risk from tenants, which could adversely affect cash available for distributions to stockholders[79] - The company may face challenges in renewing leases or re-leasing properties, impacting financial condition and distributions[82] - The company is subject to risks associated with real estate ownership, including changes in economic conditions, interest rates, and occupancy rates, which could reduce the value of its investments[115] - The company faces risks related to interest rate fluctuations, as the interest rate on its Credit Facility is variable, which could adversely affect results of operations[111] - The company is exposed to potential physical risks from climate change, which may lead to increased costs and unanticipated losses[161] Compliance and Regulations - The company must comply with various governmental regulations, which may materially affect operations in the future[71] - The company is required to distribute at least 90% of its REIT taxable income to qualify as a REIT, impacting its distribution policy[182] - If REIT qualification is lost, the company would incur federal corporate income tax on undistributed taxable income and may need to borrow additional funds[132] - The company operates as a holding company, relying on subsidiaries for income, which may restrict dividend payments[143] - Compliance with the Americans with Disabilities Act (ADA) may result in substantial costs for modifications to existing properties, impacting financial condition[150] Strategic Initiatives - The company targets secondary growth markets with favorable economic trends and diversified industries for property acquisitions[20] - The company actively communicates with private equity funds and real estate brokers to locate properties for potential acquisition[20] - The company aims to diversify its portfolio to mitigate risks associated with reliance on specific tenants, facility types, geographic locations, or industries[38] - The investment committee, comprising experienced members, reviews and approves all investment transactions to ensure alignment with investment policies[57] - The company has formed relationships with strategic partners for property management to improve operating efficiencies[34] Cybersecurity - Cybersecurity threats could disrupt operations and compromise confidential information, negatively impacting financial results[158] - The company has implemented ongoing processes to manage and mitigate cybersecurity risks, including regular assessments and employee training[164] - The Board of Directors receives quarterly reports on cybersecurity risks and mitigation efforts, ensuring active oversight of the company's cybersecurity program[170] Management and Governance - The company has adopted a conflict of interest policy to minimize potential conflicts, requiring independent director approval for certain transactions[49] - The company's future success is dependent on key personnel from its Adviser and Administrator, which poses a risk if any key personnel depart unexpectedly[120] - Conflicts of interest may arise between the company and its Adviser due to overlapping management and commercial activities, potentially impacting investment decisions[122] - The termination fee for the Advisory Agreement is equal to two times the average annual base management fee and incentive fee earned by the Adviser during the prior 24 months[124] - The Board of Directors can change investment policies without stockholders' approval, potentially affecting financial strategies and stockholder interests[151]