Gladstone Commercial Corporation Reports Q2 2025 Results

Gladstone Commercial Corporation announced its financial results for the second quarter ending June 30, 2025. The company's total operating revenue reached $39.5 million, marking a 5.4% increase from the previous quarter. Operating expenses also rose by 5.4%, totaling $25.1 million, with a net other expense increasing by 14.6% to $9.8 million.

The net income reported was $4.6 million, showing a decrease of 9.8% compared to the first quarter. The net income available to common stockholders and Non-controlling OP unitholders fell by 24% to $1.5 million. However, funds from operations (FFO) and core FFO both showed slight improvements. Basic FFO was $15.3 million, while diluted core FFO increased by 5.4% to $16.1 million.

The company declared a consistent cash dividend of $0.30 per common share. Total assets grew by 4.3%, reaching $1.2 billion. Meanwhile, real estate value increased nearly 5% to approximately $1.35 billion.