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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.91M | - | $40.84M | $39.53M | $37.50M | - | $39.23M | $37.06M | $35.72M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.01M | - | $920.0K | $1.40M | $885.0K | - | $970.0K | $1.05M | $1.05M | - |
| Total Operating Expenses | $25.24M | - | $26.02M | $25.15M | $23.86M | - | $28.55M | $25.97M | $23.32M | - |
| D&A | $14.80M | - | $15.27M | $14.25M | $13.24M | - | $13.34M | $16.02M | $13.33M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $11.45M | - | $10.70M | $10.06M | $9.50M | - | $9.94M | $9.08M | $9.50M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $6.97M | - | $4.14M | $4.63M | $5.13M | - | $11.68M | $1.61M | $3.52M | - |
| EPS - Basic | $0.08 | - | $0.02 | $0.03 | $0.04 | - | $0.20 | ($0.04) | $0.01 | - |
| EPS - Diluted | $0.08 | - | $0.02 | $0.03 | $0.04 | - | $0.20 | ($0.04) | $0.01 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.96M | $10.81M | $18.40M | $11.66M | $10.38M | $10.96M | $10.53M | $10.42M | $10.45M | $11.98M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.23B | $1.25B | $1.27B | $1.21B | $1.16B | $1.09B | $1.10B | $1.11B | $1.11B | $1.13B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $836.38M | $843.47M | $843.28M | $794.39M | $740.75M | $693.38M | $692.65M | $722.54M | $719.36M | $738.86M |
| Total Liabilities | $897.36M | $905.00M | $910.00M | $862.63M | $807.05M | $753.01M | $757.23M | $789.68M | $786.87M | $809.16M |
| Stockholders' Equity | $163.48M | $171.77M | $184.83M | $177.19M | $183.22M | $171.17M | $168.92M | $145.71M | $147.31M | $153.28M |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.91M | - | - | - | $17.68M | - | - | - | $15.02M | - |
| Investing Cash Flow | $1.33M | - | - | - | ($75.64M) | - | - | - | $18.47M | - |
| Financing Cash Flow | ($22.30M) | - | - | - | $58.25M | - | - | - | ($34.71M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 16.6% | - | 10.1% | 11.7% | 13.7% | - | 29.8% | 4.3% | 9.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.4% | - | 2.3% | 3.5% | 2.4% | - | 2.5% | 2.8% | 2.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.6% | - | 0.3% | 0.4% | 0.4% | - | 1.1% | 0.1% | 0.3% | - |
| Return on equity | 4.3% | - | 2.2% | 2.6% | 2.8% | - | 6.9% | 1.1% | 2.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 5.12 | 4.91 | 4.56 | 4.48 | 4.04 | 4.05 | 4.10 | 4.96 | 4.88 | 4.82 |
| Debt / Assets | 0.68 | 0.68 | 0.67 | 0.66 | 0.64 | 0.63 | 0.63 | 0.65 | 0.65 | 0.65 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 7.53 | 7.26 | 6.84 | 6.83 | 6.33 | 6.39 | 6.49 | 7.59 | 7.50 | 7.39 |
| Liabilities / Assets | 0.73 | 0.73 | 0.72 | 0.71 | 0.70 | 0.69 | 0.69 | 0.71 | 0.71 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.04 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 142.9x | - | 616.0x | 477.7x | 374.5x | - | 81.2x | - | 1384.0x | - |
| P / B | 3.4x | - | 3.1x | 3.7x | 3.6x | - | 4.1x | 3.9x | 3.8x | - |
| P / S | 13.2x | - | 14.1x | 16.8x | 17.8x | - | 17.7x | 15.5x | 15.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.8% | - | 4.1% | 6.7% | 5.0% | - | 7.6% | -4.1% | -2.3% | - |
| Revenue CAGR (3y) | 4.7% | - | 0.8% | 2.8% | 1.8% | - | 4.5% | 3.6% | 1.0% | - |
| Revenue CAGR (5y) | 3.9% | - | 4.3% | 3.4% | 2.2% | - | 6.5% | 5.6% | 4.9% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | 35.7% | - | -64.6% | 187.6% | 45.7% | - | 552.7% | - | 46.6% | - |
| EPS growth (YoY) | 100.0% | - | -90.0% | - | 300.0% | - | - | 78.9% | - | - |
| EPS CAGR (3y) | - | - | - | - | 58.7% | - | 71.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | -30.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.8% | 0.3% | 9.4% | 21.6% | 24.4% | 11.7% | -3.5% | -20.0% | -22.1% | -24.4% |
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 |