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Stocks · Real estate · Lessors of Real Property, NEC

GLADSTONE COMMERCIAL CORP

GOOD Clue Score50
United States Fiscal year ends December CIK 0001234006
$12.68 -0.24% Close, 9 Oct 2026
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Price $12.68 −40.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue86.4Net income4.0EPS, diluted−0.16Fiscal year 2017Revenue94.8 +9.8%Net income5.9 +50.0%EPS, diluted−0.19Fiscal year 2018Revenue106.8 +12.7%Net income12.3 +107.5%EPS, diluted0.03Fiscal year 2019Revenue114.4 +7.1%Net income9.6 −21.9%EPS, diluted−0.16 −633.3%Fiscal year 2020Revenue133.2 +16.4%Net income14.9 +55.2%EPS, diluted0.09Fiscal year 2021Revenue137.7 +3.4%Net income10.9 −26.8%EPS, diluted−0.09 −200.0%Fiscal year 2022Revenue149.0 +8.2%Net income10.8 −1.2%EPS, diluted−0.04Fiscal year 2023Revenue147.6 −0.9%Net income5.0 −53.9%EPS, diluted−0.19Fiscal year 2024Revenue149.4 +1.2%Net income24.0 +381.4%EPS, diluted0.27Fiscal year 2025Revenue161.3 +8.0%Net income19.3 −19.6%EPS, diluted0.14 −48.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 86.4 94.8 106.8 114.4 133.2 137.7 149.0 147.6 149.4 161.3
Growth +9.8% +12.7% +7.1% +16.4% +3.4% +8.2% −0.9% +1.2% +8.0%
Net income 4.0 5.9 12.3 9.6 14.9 10.9 10.8 5.0 24.0 19.3
Growth +50.0% +107.5% −21.9% +55.2% −26.8% −1.2% −53.9% +381.4% −19.6%
EPS, diluted −0.16 −0.19 0.03 −0.16 0.09 −0.09 −0.04 −0.19 0.27 0.14
Growth −633.3% −200.0% −48.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin4.6%Fiscal year 2017Net margin6.3%Fiscal year 2018Net margin11.5%Fiscal year 2019Net margin8.4%Fiscal year 2020Net margin11.2%Fiscal year 2021Net margin7.9%Fiscal year 2022Net margin7.3%Fiscal year 2023Net margin3.4%Fiscal year 2024Net margin16.1%Fiscal year 2025Net margin12.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 4.6% 6.3% 11.5% 8.4% 11.2% 7.9% 7.3% 3.4% 16.1% 12.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow41.2Buybacks−0.2Dividends paid−42.5Fiscal year 2017Operating cash flow46.8Buybacks−0.0Dividends paid−50.4Fiscal year 2018Operating cash flow55.6Buybacks−0.0Dividends paid−54.6Fiscal year 2019Operating cash flow60.2Buybacks0.0Dividends paid−58.9Fiscal year 2020Operating cash flow65.5Buybacks0.0Dividends paid−63.8Fiscal year 2021Operating cash flow70.1Dividends paid−67.6Fiscal year 2022Operating cash flow69.2Buybacks0.0Dividends paid−71.1Fiscal year 2023Operating cash flow60.4Buybacks−1.0Dividends paid−60.6Fiscal year 2024Operating cash flow57.0Buybacks0.0Dividends paid−62.8Fiscal year 2025Operating cash flow88.2Buybacks0.0Dividends paid−68.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 41.2 46.8 55.6 60.2 65.5 70.1 69.2 60.4 57.0 88.2
Buybacks −0.2 −0.0 −0.0 0.0 0.0 n/a 0.0 −1.0 0.0 0.0
Dividends paid −42.5 −50.4 −54.6 −58.9 −63.8 −67.6 −71.1 −60.6 −62.8 −68.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.7Total debt509.4Net cash (debt)−504.7Shareholders’ equity239.9Debt to equity2.12Fiscal year 2017Cash6.7Total debt542.6Net cash (debt)−535.9Shareholders’ equity266.8Debt to equity2.03Fiscal year 2018Cash6.6Total debt566.1Net cash (debt)−559.5Shareholders’ equity249.7Debt to equity2.27Fiscal year 2019Cash6.8Total debt626.6Net cash (debt)−619.7Shareholders’ equity208.1Debt to equity3.01Fiscal year 2020Cash11.0Total debt669.3Net cash (debt)−658.3Shareholders’ equity213.2Debt to equity3.14Fiscal year 2021Cash8.0Total debt707.5Net cash (debt)−699.6Shareholders’ equity200.9Debt to equity3.52Fiscal year 2022Cash11.7Total debt749.2Net cash (debt)−737.6Shareholders’ equity203.9Debt to equity3.67Fiscal year 2023Cash12.0Total debt738.9Net cash (debt)−726.9Shareholders’ equity153.3Debt to equity4.82Fiscal year 2024Cash11.0Total debt693.4Net cash (debt)−682.4Shareholders’ equity171.2Debt to equity4.05Fiscal year 2025Cash10.8Total debt843.5Net cash (debt)−832.7Shareholders’ equity171.8Debt to equity4.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.7 6.7 6.6 6.8 11.0 8.0 11.7 12.0 11.0 10.8
Total debt 509.4 542.6 566.1 626.6 669.3 707.5 749.2 738.9 693.4 843.5
Net cash (debt) −504.7 −535.9 −559.5 −619.7 −658.3 −699.6 −737.6 −726.9 −682.4 −832.7
Shareholders’ equity 239.9 266.8 249.7 208.1 213.2 200.9 203.9 153.3 171.2 171.8
Debt to equity 2.12 2.03 2.27 3.01 3.14 3.52 3.67 4.82 4.05 4.91

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
4.6% 6.3% 11.5% 8.4% 11.2% 7.9% 7.3% 3.4% 16.1% 12.0%
Spending
2.8% 2.5% 2.2% 2.8% 2.4% 2.3% 2.5% 3.0% 2.6% 2.5%
Returns
1.7% 2.2% 4.9% 4.6% 7.0% 5.4% 5.3% 3.3% 14.0% 11.2%
0.5% 0.6% 1.3% 0.9% 1.4% 1.0% 0.9% 0.4% 2.2% 1.5%
Balance and payout
2.12 2.03 2.27 3.01 3.14 3.52 3.67 4.82 4.05 4.91
63.5% 62.3% 63.8% 65.1% 65.8% 67.4% 68.8% 71.4% 68.8% 72.6%
1,073.6% 849.0% 442.9% 611.6% 426.8% 618.1% 658.0% 1,216.0% 261.6% 353.5%