Gladstone Commercial Corporation has announced its financial results for the second quarter ending June 30, 2025. The company reported a total operating revenue of $39.533 million, marking a 5.4% increase from the previous quarter's $37.501 million. Net income for the period reached $4.634 million, down 9.8% from $5.136 million in the first quarter. Funds from operations (FFO) available to common stockholders and Non-controlling OP Unitholders increased by 1.2% to $15.439 million on a diluted basis. Core funds from operations (Core FFO) also saw a 5.4% rise to $16.114 million. During the quarter, Gladstone Commercial acquired two fully-occupied facilities for $79.3 million and sold one non-core office property for $5.1 million, as part of its capital recycling strategy. The company maintained a high occupancy rate, with 98.7% of its square footage leased, and renewed 55,308 square feet of space. Gladstone Commercial also issued shares of common stock under its ATM program, raising net proceeds of $10.4 million, and repaid $7.2 million in variable rate mortgage debt. In terms of outlook, Gladstone Commercial highlighted its focus on industrial investment opportunities and its continued capital recycling program. The company expressed confidence in its ability to navigate the current economic challenges and plans to opportunistically sell non-core assets to reinvest in target growth markets.