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Gladstone Commercial Corp

gladstonecommercial.com

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.

Products & Services

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

Revenue Model

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

Customers & Markets

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

Geographic Exposure

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

Financial Snapshot

Revenue
TTM
$165.7M
Gross Margin
TTM
78.75%
Net Income
TTM
$17.98M
Current Assets
2026 Q1
$19.04M
Current Liabilities
2026 Q1
$20.83M
Current Ratio
2026 Q1
91.44%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$333.6M
Cash
2026 Q1
P/E
TTM
33.92
Free Cash Flow
TTM
-$66.13M

Stock Price

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Market Cap: $609.73 Million

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