Gladstone Commercial CORP: directors' dealings · United States · SEC (Form 4)

About Gladstone Commercial CORP

Gladstone Commercial Corp. is a U.S.-listed real estate investment trust (REIT) traded on the Nasdaq under the ticker GOOD. The company is headquartered in McLean, Virginia, United States. It was incorporated in February 2003 and completed its IPO in 2003. Its business model is centered on acquiring, owning, and operating commercial real estate on a net-lease basis, with a core focus on industrial assets and, to a lesser extent, office properties across the United States. At the operational level, Gladstone Commercial targets single-tenant or lightly leased properties where the tenant is responsible for most property-level operating costs under a net lease structure. The company emphasizes “mission-critical” assets, meaning facilities that are important to a tenant’s day-to-day operations and therefore tend to support longer lease terms and more predictable cash flow. This approach is designed to produce stable rent collections, high occupancy, and recurring monthly distributions to shareholders, which is a central part of the REIT investment proposition. From a competitive standpoint, Gladstone Commercial is a niche net-lease REIT rather than a broad diversified landlord. That specialization can be attractive to income-oriented investors because net-lease assets typically offer durable rent streams and lower day-to-day operating intensity than traditional property types. The company highlights disciplined underwriting, strong tenant-credit analysis, active asset management, and a portfolio strategy aimed at growth markets and industrial properties. As of March 31, 2026, the company reported a portfolio of 151 industrial and office properties in 27 states, totaling approximately 17.7 million square feet and leased to 109 tenants. It also reported occupancy of 98.7%. Gladstone Commercial’s key offerings are therefore not products in the classic sense, but rather real estate services and investment exposure: acquisition of industrial and office properties, lease management, portfolio optimization, and capital recycling through selective dispositions. The company has also used sale-leaseback and long-term lease structures to secure tenants and extend visibility on income streams. Its management team, led by President Buzz Cooper, and its broader Gladstone group affiliation are part of the company’s branding and sourcing platform. Recent activity shows continued portfolio reshaping toward industrial assets. In September 2024 and again in October 2025, the company announced industrial acquisitions, including a 693,236-square-foot portfolio spread across Michigan, Indiana, and Georgia. In February 2026, Gladstone Commercial reported its fourth-quarter and full-year 2025 results, indicating revenue growth at the quarterly level and continued transaction activity. Overall, Gladstone Commercial is best viewed as a U.S. net-lease REIT with a defensive income profile, listed on Nasdaq, combining industrial real estate exposure with monthly distributions and a long operating history since 2003.