Gladstone Commercial Corporation provided an update on its diversified real estate portfolio, highlighting ownership of 151 properties totaling 17.7 million square feet and $1.8 billion in gross assets. The company focuses primarily on single tenant or anchored multi-tenant net lease industrial assets, with an average remaining lease term of 7.5 years and a current occupancy rate of 99.1%. The portfolio is geographically and tenant diversified, with 69% of annualized base rent derived from industrial properties, 28% from office, 2% from retail, and 1% from medical office. Since the beginning of 2022, the company has repaid $195.8 million in mortgage debt and increased its unencumbered asset base by over 60%. Gladstone Commercial reported over $63.1 million in dividends distributed to shareholders in 2024 and maintains $24.6 million in available liquidity. Debt management remains a focus, with 76% of outstanding debt at fixed or hedged floating rates and minimal maturities before 2026. You can access the full presentation through the link below.