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Gladstone Commercial Corporation.

GOOD.US | Real estate activities with own or leased property

Gladstone Commercial Corporation is a real estate investment trust (REIT) that invests in and owns net leased industrial and office properties across the United States. The company's investment strategy focuses on acquiring and managing income-producing properties leased to creditworthy tenants. Gla...Show More

Ethical Profile

Mixed.

Gladstone Commercial Corporation's ethical standing shows a mixed record. A GRESB member, only 3 of its 116 properties are LEED-certified. An energy efficiency project aims to cut over 330 metric tons of CO2 annually. Yet, comprehensive environmental reporting is limited; emissions data was collected from just 34% of properties in 2023, with broader metrics lacking detail. Critics point to this limited transparency. The company has also been linked to the defense industry via a facility leased to a defense contractor. Gladstone Commercial reports cybersecurity investments, including MFA and vulnerability scans, adhering to NIST Cybersecurity Framework, with no reported data breaches. Across many other ethical areas, reports suggest insufficient evidence.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-20
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-50
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

0

Gladstone Commercial Corporation is a real estate investment trust (REIT) that invests in and owns industrial and office properties.

1
The provided articles, which include financial reports and an ESG report, do not contain any information regarding the company's direct involvement in health-related products, services, or initiatives. The company's core business activities are not related to healthcare, and therefore, its products and services have no significant positive or negative health impact. There is no evidence of revenue from products with direct health impacts, nor are there direct safety implications for physical or mental health from its offerings. The company does not offer health-related products or services, engage in health-related R&D, or collect health data.
2
Its operations do not directly intersect with healthcare workforce development, preventative health, or health crisis response.
3
The business model does not involve serving vulnerable populations with health needs, nor does it have health-related patents, food products, or addiction potential.
4
The ESG report mentions donations from the David and Lorna Gladstone Foundation totaling over $1.7 million in the past six years, but does not specify if these are health-related or aimed at addressing health disparities.
5

Fair Money & Economic Opportunity

0

No evidence available to assess Gladstone Commercial Corporation on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Gladstone Commercial Corporation on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Gladstone Commercial Corporation on Fair Trade & Ethical Sourcing.

Honest & Fair Business

-20

Gladstone Commercial Corporation has a formal whistleblower policy, updated in October 2025, which includes anonymous reporting via a toll-free hotline and states that suspected violations will be investigated promptly and confidentially without fear of retaliation.

1
Periodic training sessions are held, but the effectiveness of the program is not publicly measured.
2
The company has not had any financial restatements in the past five years, only minor disclosure tweaks.
3
The board has five independent directors out of seven, meaning approximately 71% of the board is conflict-free.
4
A comprehensive anti-corruption policy is in place as part of its Code of Ethics and Business Conduct, with annual acknowledgment requirements and periodic training, but lacks customization for high-risk areas.
5
The company uses independent appraisers for property purchases and its Adviser's valuations, and an independent registered public accounting firm (PricewaterhouseCoopers LLP since 2003) for financial audits, but the extent of independent verification of ethical claims is not specified beyond these areas.
6

Kind to Animals

0

Gladstone Commercial Corporation is a real estate investment trust (REIT) that invests in and owns industrial and office properties.

1
The provided articles focus on real estate acquisitions, financial metrics, and general ESG metrics related to buildings and corporate governance. There is no evidence in the articles to suggest that the company engages in activities related to animal products, animal testing, animal agriculture, or any other operations that would fall under the scope of the 'Kind to Animals' value. Therefore, all relevant KPIs are scored as N/A.

No War, No Weapons

0

No explicit evidence was found in the provided articles to assess Gladstone Commercial Corporation (GOOD.US) against the 'No War, No Weapons' ethical value. The company is a real estate investment trust (REIT), and the articles primarily detail property acquisitions and corporate governance. While one article mentions the acquisition of a facility leased to a defense contractor, this does not provide specific, quantifiable data points for any of the defined KPIs, such as direct revenue from arms contracts, investment in dual-use technology, sales to embargoed regimes, or peacebuilding initiatives.

1
Therefore, all KPIs are omitted due to a lack of direct and relevant evidence pertaining to the company's involvement in or stance on arms, defense, or conflict-related activities.

Planet-Friendly Business

-50

Gladstone Commercial Corporation has 3 out of 116 properties (2.59%) that are green certified, specifically with LEED Core & Shell or LEED Interior Design and Construction certifications.

1
The company reported no environmental compliance violations.
2
While the company collects Scope 1 and 2 emissions data from 34% of its properties, specific emissions figures are not provided.
3
No data is available for renewable energy use, water usage, waste diversion, or carbon offsetting.
4
The company is a GRESB member and has 20 properties with ENERGY STAR® scores, 8 of which are over 75.
5

Respect for Cultures & Communities

0

No specific, concrete data points or facts relevant to the 'Respect for Cultures & Communities' value were found in the provided articles.

1
The articles describe general ESG assessment methodologies, list company filings, and detail governance structures, but do not contain information on formal partnerships, community investments, cultural incidents, impact protocols, local employment, grievance mechanisms, or any other specific KPI related to this value.
2

Safe & Smart Tech

-50

Gladstone Commercial Corporation explicitly states that no privacy certifications are mentioned

1
, despite handling personally identifiable information
2
, leading to a score of -100. The company states it does not disclose, sell, rent, or loan voluntarily submitted user information
3
, and no incidents of unauthorized data use are documented
4
. Users have basic control to update personal information and change email subscriptions
5
, but there is no mention of comprehensive privacy settings or data deletion options for all users, only for California residents under CCPA
6
, which results in a score of -80. The company implements enhanced password requirements and multi-factor authentication
7
, but the extent of MFA availability is not specified, leading to a score of -60. Vulnerability scans and penetration testing are conducted
8
, and the company has established reasonable security procedures
9
, but no specific patching timeframes or frequency of testing are provided, resulting in a score of -60 for both vulnerability management and security testing coverage. The company mentions compliance with the California Consumer Privacy Act (CCPA) for California residents
10
, including rights of access and deletion
11
, with a response time of 45 days for requests
12
. However, this compliance is limited to California residents, indicating gaps in broader regulatory adherence, resulting in a score of -70.

Zero Waste & Sustainable Products

-20

Gladstone Commercial Corporation's ESG report summary states that no regulatory actions, violations, fines, or compliance issues related to waste or sustainability are mentioned.

1
This indicates no waste disposal violations in the past three years.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.