GLADSTONE COMMERCIAL CORP
GLADSTONE COMMERCIAL CORP
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | - | 3 | 3 | -1 | -0 | 3 | 3 | -1 | 1 | 3 | 3 | -0 | |||||
Nonrelated Party | - | 15 | 18 | 5 | -0 | 13 | 13 | 1 | -1 | 13 | 14 | -1 | |||||
Assets | |||||||||||||||||
Real Estate Investment Property At Cost | 1,419 | 1,393 | 1,390 | 1,400 | 1,347 | 1,280 | 1,212 | 1,214 | 1,230 | 1,210 | 1,221 | 1,226 | |||||
Real Estate Investment Property Accumulated Deprec… | 382 | 370 | 360 | 350 | 339 | 329 | 320 | 314 | 311 | 304 | 300 | 292 | |||||
Real Estate Investment Property Net | 1,037 | 1,022 | 1,031 | 1,050 | 1,008 | 950 | 892 | 901 | 919 | 906 | 922 | 934 | |||||
Finite Lived Intangible Assets Net | 113 | 113 | 116 | 120 | 114 | 103 | 95 | 98 | 96 | 98 | 101 | 103 | |||||
Assets Of Disposal Group Including Discontinued Op… | 0 | 11 | 11 | 0 | 3 | 4 | 4 | 17 | 4 | 18 | 29 | 29 | |||||
Cash And Cash Equivalents At Carrying Value | 10 | 8 | 11 | 18 | 12 | 10 | 11 | 11 | 10 | 10 | 12 | 18 | |||||
Restricted Cash And Cash Equivalents | 5 | 6 | 6 | 6 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Escrow Deposit | 2 | 2 | 5 | 6 | 6 | 6 | 5 | 6 | 5 | 5 | 8 | 9 | |||||
Operating Lease Right Of Use Asset | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | |||||
Finance Lease Right Of Use Asset | - | 3 | 3 | 3 | 3 | 3 | 0 | - | - | - | - | - | |||||
Deferred Rent Receivables Net | 49 | 49 | 48 | 47 | 46 | 46 | 45 | 45 | 43 | 42 | 41 | 40 | |||||
Sales Type Lease Net Investment In Lease Excluding… | - | - | 0 | 0 | 0 | 19 | 19 | - | - | - | 0 | - | |||||
Other Assets | 19 | 14 | 13 | 10 | 10 | 11 | 14 | 12 | 20 | 17 | 12 | 25 | |||||
Assets | 1,243 | 1,231 | 1,247 | 1,265 | 1,210 | 1,160 | 1,094 | 1,096 | 1,106 | 1,105 | 1,133 | 1,167 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Notes Payable | - | - | - | - | - | - | - | 368 | 368 | 367 | 367 | 367 | |||||
Secured Long Term Debt | 244 | 246 | 250 | 256 | 258 | 267 | 270 | 272 | 274 | 276 | 296 | 311 | |||||
Line Of Credit | 52 | 34 | 37 | 145 | 94 | 51 | 2 | 53 | 81 | 76 | 76 | 71 | |||||
Loans Payable | 398 | 398 | 398 | 348 | 348 | 348 | 348 | - | - | - | 367 | - | |||||
Unsecured Debt | - | - | - | 20 | 20 | - | - | - | - | - | - | - | |||||
Senior Long Term Notes | 158 | 158 | 158 | 74 | 74 | 74 | 74 | - | - | - | 0 | - | |||||
Accrued Rent Current And Noncurrent | - | 16 | 17 | 19 | 21 | 22 | 22 | 24 | 25 | 28 | 29 | 32 | |||||
Operating Lease Liability | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | |||||
Finance Lease Liability | - | 3 | 3 | 3 | 3 | 3 | 0 | - | - | - | - | - | |||||
Asset Retirement Obligation | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Accounts Payable And Accrued Liabilities Current A… | 16 | 14 | 11 | 15 | 20 | 16 | 13 | 16 | 16 | 14 | 14 | 14 | |||||
Liabilities Of Disposal Group Including Discontinu… | 0 | 0 | 0 | - | - | - | 0 | 0 | 1 | 1 | 1 | 1 | |||||
Liabilities | 915 | 897 | 905 | 910 | 863 | 807 | 753 | 757 | 790 | 787 | 809 | 821 | |||||
Temporary Equity | |||||||||||||||||
Redeemable Noncontrolling Interest Equity Preferre… | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 841 | 841 | 842 | 842 | 821 | 812 | 784 | 780 | 742 | 730 | 730 | 729 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 10 | 6 | 3 | 4 | 4 | 7 | 11 | 3 | 14 | 13 | 8 | 20 | |||||
Accumulated Distributions In Excess Of Net Income | -693 | -684 | -673 | -661 | -648 | -635 | -624 | -615 | -610 | -596 | -585 | -574 | |||||
Stockholders Equity | 157 | 163 | 172 | 185 | 177 | 183 | 171 | 169 | 146 | 147 | 153 | 175 | |||||
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 1,243 | 1,231 | 1,247 | 1,265 | 1,210 | 1,160 | 1,094 | 1,096 | 1,106 | 1,105 | 1,133 | 1,167 | |||||
Series D E And G Preferred Stock | - | - | 0 | - | - | - | 0 | - | - | - | 0 | - | |||||
Series E And G Preferred Stock | - | 0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | 0 | |||||
Series F Preferred Stock | - | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 63 | 63 | 63 | 63 | 63 | 62 | 62 | 62 | 62 | 62 | 62 | 62 | |||||
Common Stock Shares Issued | 48 | 48 | 48 | 48 | 47 | 46 | 44 | 44 | 41 | 40 | 40 | 40 | |||||
Shares Outstanding | 48 | 48 | 48 | 48 | 47 | 46 | 44 | 44 | 41 | 40 | 40 | 40 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.23% | -1.34% | 3.18% | - | - | - | - | - | - | - | - | - |
| 2025 | 4.50% | 4.63% | 0.46% | 3.77% | -4.28% | -9.95% | -2.11% | -5.93% | 2.83% | 5.33% | 7.56% | 14.12% |
| 2024 | 6.52% | 6.39% | 12.92% | 7.21% | 13.74% | 13.23% | 10.64% | 1.22% | 2.04% | -6.59% | -15.18% | -10.45% |
| 2023 | - | - | - | -0.80% | -7.57% | -10.80% | 4.59% | 7.29% | 9.00% | 4.64% | 6.39% | 19.79% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -0.46 | -0.52 | -0.54 | -0.54 | -0.41 | -0.57 | -0.70 | -0.94 | -1.12 | -1.28 | -1.21 | -0.83 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.51 | 0.44 | 0.41 | 0.38 | 0.48 | 0.36 | 0.27 | 0.05 | -0.11 | -0.27 | -0.19 | 0.16 | |||||
| Free Cash Flow Per Share TTM | 1.45 | 1.83 | 1.89 | 2.03 | 1.77 | 1.34 | 1.36 | 1.08 | 1.45 | 1.51 | 1.51 | 1.52 | |||||
| Dividend Per Share TTM | 1.44 | 1.43 | 1.46 | 1.43 | 1.42 | 1.44 | 1.50 | 1.44 | 1.51 | 1.52 | 1.52 | 1.59 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | - | - | - | - | - | - | - | - | 125.89% | 125.29% | 125.18% | |||||
| Operating Profit Margin TTM | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||
| Net Profit Margin TTM | 14.55% | 12.75% | 11.96% | 11.51% | 14.45% | 10.56% | 7.45% | 1.45% | -3.13% | -7.23% | -5.24% | 4.32% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 10.78% | 9.64% | 8.00% | 4.95% | 5.85% | 3.01% | 1.22% | -0.65% | -4.67% | -2.17% | -0.94% | 1.24% | |||||
| Net Income Growth (1Y) | 11.52% | 32.41% | 73.43% | 734.80% | -589.38% | -250.41% | -243.76% | -66.69% | -204.80% | -200.39% | -171.77% | -16.57% | |||||
| EPS Growth (1Y) | 6.48% | 22.02% | 55.64% | 662.02% | -526.82% | -234.89% | -237.48% | -68.93% | -203.94% | -200.18% | -169.98% | -17.44% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 23.67 | 25.16 | 24.10 | 29.44 | 26.57 | 36.52 | 52.17 | 272.69 | -104.40 | -42.06 | -53.83 | 58.10 | |||||
| P/B TTM | 3.72 | 3.25 | 2.70 | 2.85 | 3.33 | 3.18 | 3.39 | 3.46 | 3.25 | 3.03 | 2.70 | 2.13 | |||||
| P/S TTM | 3.44 | 3.21 | 2.88 | 3.39 | 3.84 | 3.86 | 3.88 | 3.95 | 3.26 | 3.04 | 2.82 | 2.51 | |||||
| Market Cap | 586.19M | 531.56M | 464.86M | 526.24M | 589.94M | 582.78M | 580.35M | 583.82M | 473.67M | 446.17M | 416.52M | 373.46M | |||||
| Enterprise Value | 814.48M | 764.02M | 698.47M | 757.14M | 831.92M | 834.75M | 834.85M | 1.21B | 1.10B | 1.07B | 1.06B | 1.03B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 70.09M | 88.38M | 88.15M | 95.22M | 81.86M | 59.61M | 56.95M | 46.04M | 58.31M | 60.47M | 60.37M | 60.77M | |||||
| Net Debt | 228.28M | 232.46M | 233.60M | 230.90M | 241.98M | 251.97M | 254.51M | 624.87M | 630.97M | 628.49M | 646.98M | 655.99M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
GLADSTONE COMMERCIAL CORP (GOOD) — SEC Financial Statements & Analysis
GLADSTONE COMMERCIAL CORP (GOOD) is a lessors of real property, nec company, incorporated in MD. GLADSTONE COMMERCIAL CORP trades on Nasdaq as: GOOD, GOODN, GOODO. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), GLADSTONE COMMERCIAL CORP reported a 10.78% year-over-year revenue growth, a Gross Profit Margin of 125.89% (TTM), a Price-to-Sales (P/S) ratio of 3.44x (TTM), a Price-to-Book (P/B) ratio of 3.72x (TTM), at a market cap of $586.19M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 10.78%
- Gross Profit Margin TTM
- 125.89%
- P/S TTM
- 3.44x
- P/B TTM
- 3.72x
- Market Cap
- $586.19M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is GLADSTONE COMMERCIAL CORP in?
GLADSTONE COMMERCIAL CORP (GOOD) operates in the Lessors of Real Property, NEC industry.
What is GOOD's market cap?
GLADSTONE COMMERCIAL CORP (GOOD) has a market capitalization of $586.19M as of 2026-06-30.
What is GOOD's P/E ratio?
GLADSTONE COMMERCIAL CORP (GOOD)'s trailing twelve month P/E ratio is 23.67x as of 2026-06-30.
What exchange does GOOD trade on?
GLADSTONE COMMERCIAL CORP (GOOD) trades on the Nasdaq.
Where is GLADSTONE COMMERCIAL CORP incorporated?
GLADSTONE COMMERCIAL CORP is incorporated in MD.