GLADSTONE COMMERCIAL CORP GOOD

Real estate SIC 6519 - Lessors of Real Property, NEC NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate › Lessors of Other Real Estate Property derived Nasdaq

Gladstone Commercial Corporation (which we refer to as "we," "us," or the "Company") was incorporated under the General Corporation Law of the State of Maryland on February 14, 2003. We have elected to be taxed as a REIT for federal income tax purposes. We focus on acquiring, owning, and managing primarily industrial and office properties. Our shares of common stock, par value $0.001 per share, 6.625% Series E Cumulative Redeemable Preferred Stock, par value $0.001 per share ("Series E Preferred Stock"), and 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share ("Series G Preferred Stock"), trade on the Nasdaq Global Select Market ("Nasdaq") under the trading symbols "GOOD," "GOODN" and "GOODO," respectively. Our senior common stock, par value $0.001 per share ("Senior Common Stock") and our 6.00% Series F Cumulative Redeemable Preferred Stock, par value $0.001 per share ("Series F Preferred Stock"), are not listed or traded on any exchange or automated quotation system.

Last close 12.01 2026-10-23
Market cap $581.4M 2026-06-30 share count
52-week range 10.33 - 13.28

Valuation FY2025 figures against the last close

P/S3.6x
P/E85.8x
P/FCF6.6x
EV/EBITDA—
Dividend yield11.7%
Diluted EPS0.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $161.3M$149.4M$147.6M$149.0M$137.7M$133.2M$114.4M$106.8M$94.8M$86.4M
SG&A $4.0M$3.9M$4.4M$3.7M$3.2M$3.3M$3.2M$2.4M$2.4M$2.4M
Total operating expenses $101.4M$102.8M$116.1M$116.2M$101.6M$99.9M$80.2M$71.1M$68.3M$55.6M
Interest expense $41.9M$37.4M$37.3M$32.5M$26.9M$26.8M$28.3M$26.2M$24.6M$25.9M
Net income $19.3M$24.0M$5.0M$10.8M$10.9M$14.9M$9.6M$12.3M$5.9M$4.0M
EPS, basic 0.140.27-0.19-0.04-0.090.09-0.160.03-0.19-0.16
EPS, diluted 0.140.27-0.19-0.04-0.090.09-0.160.03-0.19-0.16
Shares, diluted (wtd. avg.) 46.5M41.8M39.9M39.0M36.5M34.0M30.7M28.7M26.4M23.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.8M$11.0M$12.0M$16.0M$13.2M$16.1M$11.5M$9.1M$9.1M$7.7M
Other intangibles $115.6M$95.1M$101.0M$111.6M$114.5M$117.4M$115.5M$111.4M$118.9M$105.6M
Total assets $1.25B$1.09B$1.13B$1.20B$1.14B$1.10B$1.04B$938.8M$928.5M$851.7M
Long-term debt $843.5M$693.4M$738.9M$749.2M$707.5M$669.3M$626.6M$566.1M$542.6M$509.4M
Total liabilities $905.0M$753.0M$809.2M$826.9M$770.5M$722.6M$676.3M$598.8M$578.2M$541.1M
Total equity $171.8M$171.2M$154.3M$205.7M$202.2M$214.5M$211.0M$254.4M$266.8M$239.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $88.2M$57.0M$60.4M$69.2M$70.1M$65.5M$60.2M$55.6M$46.8M$41.2M
Investing cash flow -$221.4M-$1.7M$1.1M-$82.5M-$94.8M-$100.3M-$132.0M-$34.4M-$99.9M-$59.8M
Financing cash flow $134.7M-$56.3M-$61.4M$16.1M$21.8M$39.4M$74.2M-$21.2M$54.4M$17.0M
Dividends paid $68.2M$62.8M$60.6M$71.1M$67.6M$63.8M$58.9M$54.6M$50.4M$42.5M
Buybacks $0$0$998.0K$0—$0$0$34.0K$24.0K$178.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001234006-26-000005.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Revenue, FY2016: 86.4M Net income, FY2016: 4M Revenue, FY2017: 94.8M Net income, FY2017: 5.9M Revenue, FY2018: 106.8M Net income, FY2018: 12.3M Revenue, FY2019: 114.4M Net income, FY2019: 9.6M Revenue, FY2020: 133.2M Net income, FY2020: 14.9M Revenue, FY2021: 137.7M Net income, FY2021: 10.9M Revenue, FY2022: 149M Net income, FY2022: 10.8M Revenue, FY2023: 147.6M Net income, FY2023: 5M Revenue, FY2024: 149.4M Net income, FY2024: 24M Revenue, FY2025: 161.3M Net income, FY2025: 19.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $86.4M $94.8M $106.8M $114.4M $133.2M $137.7M $149.0M $147.6M $149.4M $161.3M
Gross profit — — — — — — — — — —
Net income $4.0M $5.9M $12.3M $9.6M $14.9M $10.9M $10.8M $5.0M $24.0M $19.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6519

TickerCompanyMarket capP/ERevenue growth
STHO Star Holdings $90.7M — -2.8%