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Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin

1. Gladstone Commercial acquired a 304,000 sq. ft. facility for $62.7 million. 2. The property has a capitalization rate of 8.74% and is fully leased. 3. Leased to G&H Pets until 2044, indicating stable long-term cash flow. 4. Investment emphasizes Gladstone's focus on high-quality, industrial assets. 5. Gladstone's portfolio now includes 141 properties across 27 states.

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FAQ

Why Bullish?

The acquisition of a high-quality leased facility indicates strong operational growth prospects, like other successful acquisitions in the past contributing positively to stock performance.

How important is it?

This strategic acquisition aligns with Gladstone’s growth trajectory and enhances portfolio stability, likely drawing investor interest.

Why Long Term?

The long lease term (through 2044) assures ongoing revenue, mirroring previous property acquisitions that stabilized cash flow.

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GHCGIPRREIT
Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed 303,991 square-foot, Class A, fully temperature controlled facility located in Germantown, Wisconsin. This state-of-the-art property was purchased for $62,700,000, providing a weighted average GAAP capitalization rate of 8.74%. The facility includes specialized freezer and cooler storage and was built to support high-capacity pet food production and distribution.The facility is 100% leased to G&H Pets, LLC through September 2044. The tenant is the in-house manufacturing platform for California Pet Partners, producing premium freeze-dried raw pet food for dogs and cats currently sold under several brands.Comments from Gladstone Commercial's Executive Vice President, Ryan Carter: "We are excited to expand our industrial portfolio with a mission-critical, high-quality asset leased to a strong, creditworthy tenant. This property stands out as one of the highest-quality assets in our portfolio and offers an attractive yield."Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on high-quality industrial assets supported by a disciplined underwriting process. This acquisition reflects our commitment to investing in growing markets and securing facilities leased to creditworthy tenants in expanding industries. It aligns with our strategy to build a durable portfolio that supports long-term growth and stable cash flow."About Gladstone Commercial (Nasdaq: GOOD)Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit www.gladstonecommercial.com.For Broker Submittals:Midwest/WestSouth Central:Ryan CarterTodd Alan McDonaldExecutive Vice PresidentSenior Vice President(571) 451-0019(703) 287-5895[email protected][email protected]Southeast/NortheastNick LindsayVice President(703) 966-3864[email protected]Investor or Media Inquiries:All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.For further information: Gladstone Commercial Corporation, (703) 287-5893For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.SOURCE: Gladstone Commercial Corporation

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