Revenue: As of FY2025 Q2, the actual value is USD 39.53 M.

EPS: As of FY2025 Q2, the actual value is USD 0.03.

Financial Metrics by Segment

Total Operating Revenue

• Total operating revenue for the three months ended June 30, 2025: $39,533 thousand
• Total operating revenue for the three months ended March 31, 2025: $37,501 thousand
• Change: $2,032 thousand (5.4%)

Total Operating Expenses

• Total operating expenses for the three months ended June 30, 2025: - $25,146 thousand
• Total operating expenses for the three months ended March 31, 2025: - $23,858 thousand
• Change: - $1,288 thousand (5.4%)

Other Expense, Net

• Other expense, net for the three months ended June 30, 2025: - $9,753 thousand
• Other expense, net for the three months ended March 31, 2025: - $8,507 thousand
• Change: - $1,246 thousand (14.6%)

Net Income

• Net income for the three months ended June 30, 2025: $4,634 thousand
• Net income for the three months ended March 31, 2025: $5,136 thousand
• Change: - $502 thousand (-9.8%)

Net Income Available to Common Stockholders and Non-controlling OP Unitholders

• Net income available to common stockholders and Non-controlling OP Unitholders for the three months ended June 30, 2025: $1,457 thousand
• Net income available to common stockholders and Non-controlling OP Unitholders for the three months ended March 31, 2025: $1,917 thousand
• Change: - $460 thousand (-24.0%)

Funds from Operations (FFO)

• FFO available to common stockholders and Non-controlling OP Unitholders - basic for the three months ended June 30, 2025: $15,338 thousand
• FFO available to common stockholders and Non-controlling OP Unitholders - basic for the three months ended March 31, 2025: $15,160 thousand
• Change: $178 thousand (1.2%)
• FFO available to common stockholders and Non-controlling OP Unitholders - diluted for the three months ended June 30, 2025: $15,439 thousand
• FFO available to common stockholders and Non-controlling OP Unitholders - diluted for the three months ended March 31, 2025: $15,261 thousand
• Change: $178 thousand (1.2%)

Core Funds from Operations (Core FFO)

• Core FFO available to common stockholders and Non-controlling OP Unitholders - basic for the three months ended June 30, 2025: $16,013 thousand
• Core FFO available to common stockholders and Non-controlling OP Unitholders - basic for the three months ended March 31, 2025: $15,194 thousand
• Change: $819 thousand (5.4%)
• Core FFO available to common stockholders and Non-controlling OP Unitholders - diluted for the three months ended June 30, 2025: $16,114 thousand
• Core FFO available to common stockholders and Non-controlling OP Unitholders - diluted for the three months ended March 31, 2025: $15,295 thousand
• Change: $819 thousand (5.4%)

Unique Metrics

• Real estate, before accumulated depreciation as of June 30, 2025: $1,350,523 thousand
• Real estate, before accumulated depreciation as of March 31, 2025: $1,287,663 thousand
• Change: $62,860 thousand (4.9%)
• Total assets as of June 30, 2025: $1,209,993 thousand
• Total assets as of March 31, 2025: $1,160,443 thousand
• Change: $49,550 thousand (4.3%)
• Mortgage notes payable, net, borrowings under revolver, borrowings under term loan, net, borrowings under unsecured term loan, net, and senior unsecured notes, net as of June 30, 2025: $794,391 thousand
• Mortgage notes payable, net, borrowings under revolver, borrowings under term loan, net, borrowings under unsecured term loan, net, and senior unsecured notes, net as of March 31, 2025: $740,746 thousand
• Change: $53,645 thousand (7.2%)
• Total equity and mezzanine equity as of June 30, 2025: $347,362 thousand
• Total equity and mezzanine equity as of March 31, 2025: $353,393 thousand
• Change: - $6,031 thousand (-1.7%)
• Properties owned as of June 30, 2025: 143
• Properties owned as of March 31, 2025: 141
• Change: 2 (1.4%)
• Square feet owned as of June 30, 2025: 17,038,727
• Square feet owned as of March 31, 2025: 17,255,665
• Change: - 216,938 (-1.3%)
• Square feet leased as of June 30, 2025: 98.7%
• Square feet leased as of March 31, 2025: 98.4%
• Change: 0.3%

Outlook / Guidance

• Gladstone Commercial anticipates selling additional non-core assets over the next one to two years, which they believe will result in capital gains.
• The company expects to continue to have access to debt and equity markets for added liquidity.
• They believe their same store rents, which have increased by 2% annually in recent years, should continue to rise as they grow, with a focus on industrial properties.