Gladstone Commercial Corporation is a publicly traded Real Estate Investment Trust (REIT) that trades on the NASDAQ under the ticker GOOD. The company is primarily focused on the ownership and operation of net-leased industrial assets. The company reported ownership of 141 properties at the end of 1Q'25 with exposure to more than 100 unique tenants. The company has increased its exposure to industrial properties over the last few years and reported that 65% of its assets were industrial as of 1Q'25. Its portfolio spans more than 20 states with the highest concentration in Texas, which accounted for more than 17% of total ABR at the end of the quarter.