STOCK TITAN

Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) 8-K Filings

GOODN NASDAQ

Here are the 8-K filings from Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

An 8-K covers material events a company has to report between its quarterly reports, so if you follow GOODN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GOODN filings page.

Rhea-AI Summary

GOOD reported results for the three months ended September 30, 2026, with total operating revenue of $42.419 million, down 3.6% from the three months ended June 30, 2026. Net loss attributable to common stockholders and Non-controlling OP Unitholders was $5.193 million, versus $5.128 million of net income in the prior quarter. Diluted Core FFO was $16.899 million, or $0.35 per share, down 7.8%; a $6.518 million impairment charge was recognized on one property. Management attributed the Core FFO decline mainly to higher property and interest expenses and a lease termination fee recognized on a property sold in the prior period, partly offset by lower general and administrative expenses and a lower net incentive fee.

GOOD collected 100% of cash rents due in July, August, September and October. It purchased one fully occupied industrial property with 146,650 square feet for $6.6 million at a 9.16% cap rate, leased or renewed 502,557 square feet, and issued 168,868 common shares through its at-the-market program for $2.2 million in net proceeds. After quarter-end, GOOD repaid $10.2 million of fixed-rate mortgage debt at 4.25% and declared monthly distributions for October, November and December.

Rhea-AI Summary

Gladstone Commercial Corporation (GOOD) said Walter H. Wilkinson Jr. resigned from its Board of Directors effective immediately on October 22, 2026. Wilkinson had served as a director since 2014 and as Lead Independent Director since 2024. The Board elected George “Chip” Stelljes, III to succeed him as Lead Independent Director effective October 26, 2026. Following Wilkinson’s resignation, the Board fixed the number of directors at seven, effective October 26, 2026.

Rhea-AI Summary

Gladstone Commercial Corporation reported improved results for the three months ended June 30, 2026. Total operating revenue was $43,989 thousand, up 5.0% from the prior quarter. Net income was $8,270 thousand, and net income available to common stockholders and Non-controlling OP Unitholders rose to $5,128 thousand, or $0.11 per share, compared with $0.08 per share in the first quarter. Diluted Core FFO increased to $18,327 thousand, or $0.38 per share, a 7.7% rise from $17,013 thousand and $0.35 per share.

The company collected 100% of cash rents in April, May, June and July and maintained portfolio occupancy at 98.7% across 151 properties totaling 17,669,871 owned square feet. During the quarter it acquired a fully occupied industrial property for $22.8 million at a 6.76% cap rate, purchased land for a planned 86,000 square foot expansion, sold one industrial property for $12.9 million, and completed leasing or renewals on 160,435 square feet. Gladstone Commercial paid and declared quarterly cash distributions of $0.30 per common share and Non-controlling OP Unit, alongside stated distributions on its preferred and senior common shares, while continuing its capital recycling and de-leveraging strategy focused on industrial assets.

Rhea-AI Summary

Gladstone Commercial Corporation has elected George “Chip” Stelljes, III to its board of directors as an independent director, effective June 1, 2026. He will serve in the 2028 class of directors, with his term expiring at the company’s 2028 annual meeting of stockholders.

Stelljes has joined the Compensation Committee, Ethics, Nominating and Corporate Governance Committee, and Valuation Committee. In connection with his appointment, the board has been expanded from seven to eight directors. The company furnished a press release about the appointment as Exhibit 99.1.

The filing also notes that Gladstone Commercial is a real estate investment trust focused on net leased industrial and office properties. As of March 31, 2026, its portfolio comprised 151 properties in 27 states totaling about 17.7 million square feet.

Rhea-AI Summary

Gladstone Commercial Corporation reported results from its 2026 Annual Meeting of Stockholders held on May 7, 2026. Stockholders elected Michela English and Anthony Parker as directors to serve until the 2029 Annual Meeting and until their successors are duly elected and qualified.

Stockholders also ratified the Audit Committee’s selection of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

Rhea-AI Summary

Gladstone Commercial Corporation reported first quarter 2026 results showing lower revenue but higher earnings for common holders. Total operating revenue was $41,909 thousand, down 3.6% from the prior quarter, while net income rose to $6,972 thousand, a 29.5% increase.

Core FFO available to common stockholders and Non-controlling OP Unitholders was $17,013 thousand, down 4.7%, equaling $0.35 per diluted share, compared with $0.37. The company collected 100% of cash rents in the quarter and in April, maintained 98.7% leased occupancy, modestly reduced debt, and paid quarterly cash distributions of $0.30 per common share and OP Unit.

Rhea-AI Summary

Gladstone Commercial Corporation announced a planned leadership transition. Founder David Gladstone has stepped down as Chief Executive Officer effective March 20, 2026, and will remain Chairman of the Board and a member of the investment committee.

Arthur “Buzz” Cooper, President since 2022 and with the company since its IPO, has been promoted to CEO while retaining the President role. The Board also appointed long-time executive John Sateri as Chief Investment Officer, alongside similar CIO roles at related Gladstone entities. Additional promotions include Gary Gerson and Ryan Carter to Executive Vice President roles. The company highlights this as part of a strategic succession plan and notes it has grown into a REIT with over 150 properties as of December 31, 2025.

Rhea-AI Summary

Gladstone Commercial reported solid Q4 and mixed full-year 2025 results. For the quarter ended December 31, 2025, total operating revenue was $43.5 million, up 6.4% from Q3, with net income of $5.4 million, up 30.1%. Funds from operations (FFO) available to common stockholders and OP unitholders were $17.8 million, up 8.9%, or $0.37 per diluted share, and Core FFO matched that per-share level.

For 2025, total operating revenue rose 8.0% to $161.3 million. FFO increased 8.8% to $64.9 million, or $1.38 per diluted share, and Core FFO grew 9.1% to $65.7 million, or $1.40 per diluted share. Net income available to common stockholders and OP unitholders declined to $6.6 million from $11.2 million, reflecting higher other expense and smaller real estate gains. The company expanded its portfolio to 151 properties and 17.7 million square feet, maintained 99.1% leased occupancy, collected 100% of 2025 base rent, invested $206.7 million in 19 fully occupied industrial assets, and paid $1.20 in annual common dividends per share.