GOOD · Gladstone Commercial Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $161.34M | $149.39M | $147.58M | $148.98M | $137.69M | $133.15M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $4.04M | $3.88M | $4.36M | $3.71M | $3.22M | $3.26M |
| Total Operating Expenses | $101.39M | $102.81M | $116.10M | $117.76M | $102.80M | $99.86M |
| D&A | $58.24M | $55.79M | $57.86M | $61.66M | $60.31M | $55.42M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | $41.91M | $37.40M | $37.33M | $32.46M | $26.89M | $26.80M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $19.29M | $24.00M | $4.99M | $9.29M | $9.77M | $14.94M |
| EPS - Basic | $0.14 | $0.27 | ($0.19) | ($0.08) | ($0.12) | $0.09 |
| EPS - Diluted | $0.14 | $0.27 | ($0.19) | ($0.08) | ($0.12) | $0.09 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.81M | $10.96M | $11.98M | $11.65M | $7.96M | $11.02M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.25B | $1.09B | $1.13B | $1.20B | $1.14B | $1.10B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $843.47M | $693.38M | $738.86M | $749.21M | $707.53M | $668.69M |
| Total Liabilities | $905.00M | $753.01M | $809.16M | $826.88M | $770.53M | $722.59M |
| Stockholders' Equity | $171.77M | $171.17M | $153.28M | $202.78M | $201.30M | $213.18M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $88.15M | $56.95M | $60.37M | $69.18M | $70.13M | $65.49M |
| Investing Cash Flow | ($221.38M) | ($1.73M) | $1.14M | ($82.51M) | ($94.78M) | ($100.26M) |
| Financing Cash Flow | $134.74M | ($56.29M) | ($61.36M) | $16.15M | $21.75M | $39.35M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 12.0% | 16.1% | 3.4% | 6.2% | 7.1% | 11.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.5% | 2.6% | 3.0% | 2.5% | 2.3% | 2.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 1.5% | 2.2% | 0.4% | 0.8% | 0.9% | 1.4% |
| Return on equity | 11.2% | 14.0% | 3.3% | 4.6% | 4.9% | 7.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 4.91 | 4.05 | 4.82 | 3.69 | 3.51 | 3.14 |
| Debt / Assets | 0.68 | 0.63 | 0.65 | 0.62 | 0.62 | 0.61 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 7.26 | 6.39 | 7.39 | 5.93 | 5.68 | 5.15 |
| Liabilities / Assets | 0.73 | 0.69 | 0.71 | 0.69 | 0.67 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 0.13 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 76.2x | 60.1x | - | - | - | 200.0x |
| P / B | 2.9x | 4.0x | 3.5x | 3.6x | 4.7x | 2.9x |
| P / S | 3.1x | 4.5x | 3.6x | 4.8x | 6.8x | 4.6x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 8.0% | 1.2% | -0.9% | 8.2% | 3.4% | 16.4% |
| Revenue CAGR (3y) | 2.7% | 2.8% | 3.5% | 9.2% | 16.8% | - |
| Revenue CAGR (5y) | 3.9% | 5.5% | 11.3% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | -19.6% | 381.4% | -46.4% | -4.9% | -34.6% | 55.2% |
| EPS growth (YoY) | -48.1% | - | -137.5% | 33.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | 9.2% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 0.3% | 11.7% | -24.4% | 0.7% | -5.6% | 2.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Lessors of Real Property, NEC
Comparing GLADSTONE COMMERCIAL CORP against the 5 most active filers in the same SIC group.
Dividends
$1.20/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 20, 2026 | $0.1000 |
| Apr 24, 2026 | $0.1000 |
| Mar 23, 2026 | $0.1000 |
| Feb 18, 2026 | $0.1000 |
| Jan 23, 2026 | $0.1000 |
| Dec 22, 2025 | $0.1000 |
| Nov 17, 2025 | $0.1000 |
| Oct 24, 2025 | $0.1000 |
| Sep 22, 2025 | $0.1000 |
| Aug 20, 2025 | $0.1000 |
| Jul 21, 2025 | $0.1000 |
| Jun 20, 2025 | $0.1000 |
| May 21, 2025 | $0.1000 |
| Apr 21, 2025 | $0.1000 |
| Mar 19, 2025 | $0.1000 |
| Feb 19, 2025 | $0.1000 |
| Jan 24, 2025 | $0.1000 |
| Dec 20, 2024 | $0.1000 |
| Nov 20, 2024 | $0.1000 |
| Oct 22, 2024 | $0.1000 |
| Sep 20, 2024 | $0.1000 |
| Aug 21, 2024 | $0.1000 |
| Jul 22, 2024 | $0.1000 |
| Jun 18, 2024 | $0.1000 |