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Gladstone Commercial Corporation - REIT and Star Holdings Shares of Beneficial Interest

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Gladstone Commercial Corporation - REIT

Gladstone Commercial (Nasdaq: GOOD) is an established real estate investment trust (REIT) that invests in single tenant and anchored multi-tenant net leased assets. As of June 30, 2025, we owned approximately 17.0 million square feet of primarily industrial and office real estate nationwide. We partner with a variety of tenants"from middle market private businesses to investment grade rated companies. We acquire properties through third party purchases, sale leaseback transactions, and by partnering with developers in build-to-suit transactions. As of June 30, 2025, total assets were approximately $1.2 billion, representing investments in 143 properties. Our properties are leased to 107 tenants who represent 20 diversified industries across 27 states. At June 30, 2025, our leases had an average remaining term of 7.1 years. In addition, approximately 51% of our tenants have an investment grade or investment grade equivalent credit rating.

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Star Holdings Shares of Beneficial Interest

Star Holdings engages in the non-ground lease real estate assets business in the United States. Its portfolio comprises Asbury Park Waterfront and Magnolia Green residential development projects. The company also engages in the asset management; sale of existing loans; and operation of land and development properties. Star Holdings is based in New York, New York.

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