Here are the 10-K annual reports from Gladstone Commercial Corporation 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share (GOODO) 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.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GOODO 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 GOODO filings page.
Gladstone Commercial Corporation, a Maryland REIT focused on industrial and office properties, outlines its 2025 business and capital structure. As of February 18, 2026, it owned 151 properties with 17.7 million square feet of rentable space across 27 states and a 99.1% occupancy rate.
The company uses an umbrella partnership structure and external management, targeting long-term net leases of seven to 20 years with built-in rent escalations. As of December 31, 2025, mortgage notes payable totaled $250.2 million, and borrowings under its credit facility were $437.4 million at a weighted average interest rate of 5.42%.
During 2025, Gladstone raised approximately $61.0 million of net proceeds by selling 4,412,814 common shares through its at-the-market equity program and issued $85.0 million of 5.99% senior unsecured notes due 2030. Key risks discussed include tenant credit quality, industry and tenant concentration, leverage, refinancing and balloon payment risk, interest rate exposure, and environmental and cybersecurity liabilities.