Gladstone Commercial Corp (NASDAQ: GOOD) is a real estate investment trust that acquires, owns, and operates net-leased office and industrial properties across the United States. It generates revenue primarily through rental income collected under long-term net lease agreements, in which tenants bear the majority of property operating expenses. The filing excerpts provided from the 10-K filed 2026-02-18 (accession 000123400626000005) do not contain sufficient detail to specify portfolio size, tenant concentration, geographic distribution, segment revenue figures, founding year, current CEO tenure, or competitive positioning. Those facts are therefore omitted here. As a REIT, Gladstone Commercial is required to distribute at least 90% of taxable income to shareholders, making dividend payments a structural feature of its capital return model rather than a discretionary choice.

Revenue model

Long-term net lease rental income from office and industrial tenants, with tenants responsible for most property-level operating costs.

Products and services

Net-leased office properties, net-leased industrial properties.

Customers and end markets

Commercial tenants in office and industrial end markets. Specific tenant names, counts, and concentration figures are not supported by the provided filing excerpts.

Value-chain role

Property owner and net-lease landlord; acquires and holds real estate assets and collects contractual rent from tenants.

Geographic exposure

United States. Specific state or regional breakdown is not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-18

Industry: Lessors of Real Property, NEC Peers: Alexander & Baldwin, Inc. American Healthcare REIT Inc Belpointe PREP LLC W.p. Carey Inc CTO Realty Growth Inc Empire State Realty Trust Inc NexPoint Diversified Real Estate Trust Safehold Inc Pacific Oak Strategic Opportunity REIT, Inc. One Liberty Properties Inc