George "Chip" Stelljes, III was elected as Director at GLADSTONE COMMERCIAL CORP.
“On June 1, 2026, the Board of Directors (the “Board”) of Gladstone Commercial Corporation (the “Company”) elected George “Chip” Stelljes, III to the Board, effective June 1, 2026.”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved To ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2026. at the 2026-05-07 meeting.
“Proposal 2 : To ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2026. For Against Abstain 34,153,231 614,208 236,593”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved Election of two directors to hold office until the 2029 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. at the 2026-05-07 meeting.
“Proposal 1 : The election of two directors to hold office until the 2029 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. For Withheld Broker Non-Votes Michela English 12,140,957 10,501,927 12,361,148 Anthony Parker 13,283,102 9,359,782 12,361,148”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported first quarter ended March 31, 2026 results: net income $3.8 million, EPS $0.08 per share.
“Net income available to common stockholders and Non-controlling OP Unitholders for the three months ended March 31, 2026 was $3.8 million, or $0.08 per share”
Material Agreements
GLADSTONE COMMERCIAL CORP entered into Note Purchase Agreement with institutional investors named therein valued at $85,000,000 million aggregate principal amount of its 5.99% Senior Guaranteed Notes due December 15, (effective 2025-12-15).
“On December 15, 2025, Gladstone Commercial Corporation (the “Company”), Gladstone Commercial Limited Partnership (the “Partnership”), the majority-owned operating partnership of the Company, entered into a Note Purchase Agreement (the “Agreement”) with the institutional investors named therein (the “Purchasers”) in connection with a private placement of senior guaranteed notes of the Partnership.”
Debt Financings
GLADSTONE COMMERCIAL CORP incurred senior notes of $85,000,000 million aggregate principal amount with institutional investors named therein at 5.99% maturing December 15, 2030.
“the Partnership issued to the Purchaser $85,000,000 million aggregate principal amount of its 5.99% Senior Guaranteed Notes due December 15, 2030”
Debt Financings
GLADSTONE COMMERCIAL CORP amended credit facility of $600 million with KeyBank National Association, as agent, sole book manager and joint lead arranger, Bank of Amercia, N.A., The Huntington Bank and Fifth Third Bank National Association, as joint lead arrangers and co-syndication agents maturing October 2029 (revolving credit and Term Loan A), February 2030 (Term Loan B).
“certain other lenders party thereto (the “Amended Credit Facility”). Among other things, the Amended Credit Facility: • Increased the credit facility size from $475 million to $600 million, with the term loan component of the credit facility being increased to $400 million through, a $35 million reduction to Term Loan A, a $103 million increase to Term Loan B, an”
Debt Financings
GLADSTONE COMMERCIAL CORP incurred term loan of $20.0 million with KeyBank National Association at SOFR plus a margin of 155 to 200 basis points, or a base rate plus a margin of 5 maturing May 30, 2027.
“for an aggregate amount of $20.0 million. The Term Loan is scheduled to mature on May 30, 2027, and will bear interest at a rate equal to either (i) the secured overnight financing rate (“SOFR”) plus a margin of 155 to 200 basis points, or (ii) a base rate plus a margin of 55 to 100 basis points.”
Terry Lee Brubaker retired as Chief Operating Officer at GLADSTONE COMMERCIAL CORP.
“On November 13, 2024, Terry Lee Brubaker gave notice that he will be retiring as the Chief Operating Officer of Gladstone Commercial Corporation (the “Company”) effective December 2, 2024.”
Katharine Cornell Gorka was elected as Director at GLADSTONE COMMERCIAL CORP.
“On August 22, 2024, Gladstone Commercial Corporation (the “Company”) announced the election of Katharine Cornell Gorka to its Board of Directors (the “Board”), effective August 22, 2024.”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported first quarter ended March 31, 2024 results: revenue $35,721, net income $3,526, EPS $0.01.
“in thousands, except share and per share data): As of and for the three months ended March 31, 2024 December 31, 2023 $ Change % Change Operating Data: Total operating revenue $ 35,721 $ 35,908 $ (187) (0.5) % Total operating expenses (23,315) (1) (28,136) (4) 4,821 (17.1) % Other expense, net (8,880) (2) (3,221) (5) (5,659) 175.7 % Net income $ 3,526 $ 4,551 $”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved Ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2024. at the 2024-05-02 meeting.
“Proposal 2 : To ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2024. For Against Abstain 28,423,891 591,804 159,341”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved Election of two directors to hold office until the 2027 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. at the 2024-05-02 meeting.
“Proposal 1 : The election of two directors to hold office until the 2027 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. For Withheld Broker Non-Votes Walter H. Wilkinson, Jr. 9,671,107 8,431,345 11,072,584 Paula Novara 16,381,706 1,720,746 11,072,584”
Material Agreements
GLADSTONE COMMERCIAL CORP amended Amendment No. 1 to the At-the-Market Equity Offering Sales Agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc. valued at $250.0 million (effective 2024-03-26).
“On March 26, 2024, Gladstone Commercial Corporation, a Maryland corporation (the “ Company ”), and its operating partnership, Gladstone Commercial Limited Partnership, a majority-owned, consolidated subsidiary of the Company and a Delaware limited partnership, entered into Amendment No. 1 to the At-the-Market Equity Offering Sales Agreement (the “ Amendment ”), dated March 3, 2023, with BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc.”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported the year ended December 31, 2023 results: revenue $147,584, net income $4,922.
“As of and for the year ended December 31, 2023 December 31, 2022 $ Change % Change Operating Data: Total operating revenue $ 147,584 $ 148,981 $ (1,397) (0.9) % Total operating expenses (116,103) (1) (116,248) (4) 145 (0.1) % Other expense, net (26,559) (2) (21,951) (5) (4,608) 21.0 % Net income $ 4,922 $ 10,782 $ (5,860) (54.3) % Less: Dividends attributable to preferred stock (12,285) (11,903) (382) 3.2 % Less: Dividends attributable to senior common stock (430) (458) 28 (6.1) % Less: Loss on extinguishment of Series F preferred stock (11) (10) (1) 10.0 % Add: Gain on repurchase of Series G preferred stock 3 37 (34) (91.9) % Net loss attributable to common stockholders and Non-controlling OP Unitholders $ (7,801) $ (1,552) $ (6,249) 402.6 % Add: Real estate depreciation and amortization 57,856 60,154 (2,298) (3.8) % Add: Impairment charge 19,296 12,092 7,204 59.6 % Less: Gain on sale of real estate, net (7,737) (10,052) 2,315 (23.0) % Less: Gain on debt extinguishment, net (2,830) —”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported the three months ended December 31, 2023 results: revenue $35,908, net income $4,551, EPS 0.03.
“As of and for the three months ended December 31, 2023 September 30, 2023 $ Change % Change Operating Data: Total operating revenue $ 35,908 $ 36,464 $ (556) (1.5) % Total operating expenses (28,136) (1) (29,587) (4) 1,451 (4.9) % Other expense, net (3,221) (2) (5,085) (5) 1,864 (36.7) % Net income $ 4,551 $ 1,792 $ 2,759 154.0 % Less: Dividends attributable to preferred stock (3,106) (3,099) (7) 0.2 % Less: Dividends attributable to senior common stock (107) (108) 1 (0.9) % Add/Less: Gain (loss) on extinguishment of Series F preferred stock 1 (1) 2 (200.0) % Net income (loss) available (attributable) to common stockholders and Non-controlling OP Unitholders $ 1,339 $ (1,416) $ 2,755 (194.6) % Add: Real estate depreciation and amortization 13,731 12,485 1,246 10.0 % Add: Impairment charge 5,719 6,754 (1,035) (15.3) % Less: Gain on sale of real estate, net (3,492) (4,696) 1,204 (25.6) % Less: Gain on debt extinguishment, net (2,830) — (2,830) 100.0 % Funds from operations available to c”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported financial results for the third quarter ended September 30, 2023.
“On November 6, 2023, Gladstone Commercial Corporation issued a press release announcing its financial results for the third quarter ended September 30, 2023.”
Governance Changes
GLADSTONE COMMERCIAL CORP: Amended Article IV, Section 28 to require the Executive Committee to have at least two Board members, including the Chairman (effective 2023-10-10).
“On October 10, 2023, the board of directors (the “Board”) of Gladstone Commercial Corporation (the “Company”) approved and adopted the Third Amendment to the Bylaws of the Company, effective as of October 10, 2023 (the “Bylaw Amendment”). The Bylaw Amendment amended Article IV, Section 28 to revise the potential composition of the Executive Committee of the Board to not less than two members of the Board, one of whom will be the Chairman of the Board.”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved To ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2023. at the 2023-05-04 meeting.
“Proposal 2 : To ratify the selection by the Audit Committee of the Company’s board of directors of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2023. For Against Abstain 28,700,432 520,990 136,149”
Shareholder Votes
GLADSTONE COMMERCIAL CORP shareholders approved The election of two directors to hold office until the 2026 Annual Meeting of Stockholders and until their respective successors are duly elected and qualify. at the 2023-05-04 meeting.
“Proposal 1 : The election of two directors to hold office until the 2026 Annual Meeting of Stockholders and until their respective successors are duly elected and qualify. For Withheld Broker Non-Votes Michela English 11,568,368 5,989,358 11,799,845 Anthony Parker 9,800,344 7,757,382 11,799,845”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported financial results for first quarter ended March 31, 2023.
“On May 3, 2023, Gladstone Commercial Corporation issued a press release announcing its financial results for the first quarter ended March 31, 2023.”
Terry L. Brubaker departed as Director at GLADSTONE COMMERCIAL CORP.
“On April 14, 2023, Terry L. Brubaker notified Gladstone Commercial Corporation (the “Company”) that he is resigning from the Company’s board of directors, effective immediately.”
Material Agreements
GLADSTONE COMMERCIAL CORP entered into Sales Agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc. valued at $250.0 million (effective 2023-03-03).
“On March 3, 2023, Gladstone Commercial Corporation, a Maryland corporation (the “Company”), and its operating partnership, Gladstone Commercial Limited Partnership, a majority-owned, consolidated subsidiary of the Company and a Delaware limited partnership (the “Operating Partnership”), entered into an At-the-Market Equity Offering Sales Agreement (the “Sales Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc. and Fifth Third Securities, Inc. (each, a “Sales Agent” and collectively, the “Sales Agents”), pursuant to which the Company may sell shares of its common stock, par value $0.001 per share (the “Shares”), from time to time through the Sales Agent, acting as sales agent and/or principal.”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported the year ended December 31, 2022 results: revenue $148,981, net income $9,272.
“million and 146,493 square feet, in the aggregate. As of and for the year ended December 31, 2022 December 31, 2021 $ Change % Change Operating Data: Total operating revenue $ 148,981 $ 137,688 $ 11,293 8.2 % Total operating expenses (117,758) (1) (102,800) (14,958) 14.6 % Other expense, net (21,951) (2) (25,155) (4) 3,204 (12.7) % Net income $ 9,272 $ 9,733 $”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported the three months ended December 31, 2022 results: revenue $37,217, net income $1,812, EPS (0.03).
“in thousands, except per share data): As of and for the three months ended December 31, 2022 September 30, 2022 $ Change % Change Operating Data: Total operating revenue $ 37,217 $ 39,834 $ (2,617) (6.6) % Total operating expenses (26,827) (37,448) (3) 10,621 (28.4) % Other expense, net (8,578) (1) 111 (4) (8,689) (7,827.9) % Net income $ 1,812 $ 2,497 $”
Material Agreements
GLADSTONE COMMERCIAL CORP amended First Amendment with Gladstone Securities, LLC (effective 2023-02-09).
“On February 9, 2023, Gladstone Commercial Corporation, a Maryland corporation (the “Company”), entered into that certain First Amendment (the “Amendment”) to its existing Dealer Manager Agreement, dated February 20, 2020 (the “Dealer Manager Agreement”), with Gladstone Securities, LLC, a Connecticut limited liability company.”
Material Agreements
GLADSTONE COMMERCIAL CORP terminated 6.625% Series E Cumulative Redeemable Preferred Stock At-The-Market Equity Offering Sales Agreement with Robert W. Baird & Co. Incorporated, Goldman Sachs & Co. LLC, Stifel, Nicolaus & Company, Incorporated, Fifth Third Securities, Inc., U.S. Bancorp Investments, Inc. valued at Termination notice provided, effective February 10, 2023. No termination penalties incurred. (effective 2023-02-10).
“On February 2, 2023, Gladstone Commercial Corporation, a Maryland corporation (the “Company”), provided notice of its termination of the common stock At-The-Market Equity Offering Sales Agreement, dated as of December 3, 2019, as amended on February 22, 2022 (the “Common Stock Sales Agreement”), by and among the Company, Gladstone Commercial Limited Partnership (“GCLP”), Robert W. Baird & Co. Incorporated (“Baird”), Goldman Sachs & Co. LLC (“Goldman”), Stifel, Nicolaus & Company, Incorporated (“Stifel”), BTIG, LLC and Fifth Third Securities, Inc. (“Fifth Third”) and the 6.625% Series E Cumulative Redeemable Preferred Stock At-The-Market Equity Offering Sales Agreement, dated as of December 3, 2019 (the “Series E Preferred Stock Sales Agreement”), by and among the Company, GCLP, Baird, Goldman, Stifel, Fifth Third and U.S. Bancorp Investments, Inc.”
Material Agreements
GLADSTONE COMMERCIAL CORP terminated Common Stock At-The-Market Equity Offering Sales Agreement with Robert W. Baird & Co. Incorporated, Goldman Sachs & Co. LLC, Stifel, Nicolaus & Company, Incorporated, BTIG, LLC, Fifth Third Securities, Inc. valued at Termination notice provided, effective February 10, 2023. No termination penalties incurred. (effective 2023-02-10).
“On February 2, 2023, Gladstone Commercial Corporation, a Maryland corporation (the “Company”), provided notice of its termination of the common stock At-The-Market Equity Offering Sales Agreement, dated as of December 3, 2019, as amended on February 22, 2022 (the “Common Stock Sales Agreement”), by and among the Company, Gladstone Commercial Limited Partnership (“GCLP”), Robert W. Baird & Co. Incorporated (“Baird”), Goldman Sachs & Co. LLC (“Goldman”), Stifel, Nicolaus & Company, Incorporated (“Stifel”), BTIG, LLC and Fifth Third Securities, Inc. (“Fifth Third”) and the 6.625% Series E Cumulative Redeemable Preferred Stock At-The-Market Equity Offering Sales Agreement, dated as of December 3, 2019 (the “Series E Preferred Stock Sales Agreement”), by and among the Company, GCLP, Baird, Goldman, Stifel, Fifth Third and U.S. Bancorp Investments, Inc.”
Earnings Releases
GLADSTONE COMMERCIAL CORP reported third quarter ended September 30, 2022 results: revenue total operating revenue $39,834, net income net income $2,497.
“in thousands, except share and per share data): As of and for the three months ended September 30, 2022 June 30, 2022 $ Change % Change Operating Data: Total operating revenue $ 39,834 $ 36,399 $ 3,435 9.4 % Total operating expenses (37,448) (1) (27,825) (4) (9,623) 34.6 % Other expense, net 111 (2) (7,002) 7,113 (101.6) % Net income $ 2,497 $ 1,572 $ 925 58.8 %”
Paula Novara was elected as Director at GLADSTONE COMMERCIAL CORP.
“On October 12, 2022, Gladstone Commercial Corporation (the “Company”) announced the election of Paula Novara to its Board of Directors (the “Board”), effective October 11, 2022.”
Bob Cutlip departed as president at GLADSTONE COMMERCIAL CORP.
“On January 13, 2022, Bob Cutlip notified the Company that he will be resigning as president of the Company on or about June 30, 2022.”
Arthur S. “Buzz” Cooper was appointed as co-president at GLADSTONE COMMERCIAL CORP.
“On January 11, 2022, the board of directors of Gladstone Commercial Corporation (the “Company”) appointed Arthur S. “Buzz” Cooper, age 65, co-president of the Company effective immediately.”
Caren Merrick resigned as Director at GLADSTONE COMMERCIAL CORP.
“On January 8, 2022, Caren Merrick notified Gladstone Commercial Corporation (the “Company”) that she is resigning from the board of directors of the Company effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.