Gladstone Commercial Corporation Releases Semiannual Business Update

Gladstone Commercial Corporation, a real estate investment trust (REIT), released a semiannual business update as of June 30, 2025. Focused on net leased industrial properties, the company reported full collection of cash base rents from tenants. The REIT invested $152.2 million in four industrial acquisitions, totaling 874,871 square feet, with an average lease term of 14.3 years.

Lease renewals covered 67,709 square feet of industrial and 55,308 square feet of office space, increasing same store lease revenue by 6.4% compared to the previous year. Sales included 60,000 square feet of non-core office property and 676,031 square feet of non-core industrial property. As of the update, Gladstone's portfolio comprised 17.0 million square feet across 143 properties with a 98.7% occupancy rate.

Gladstone's focus on industrial expansion is underscored by an increase in industrial concentration from 62% in 2024 to 67% in 2025. Executive comments highlighted the strategic growth and asset management efforts contributing to the current positive outlook.