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Gladstone Commercial (GOODO) Financials

Gladstone Commercial logo
$20.12 +0.05 (+0.24%)
Closing price 05/23/2025 03:58 PM Eastern
Extended Trading
$20.12 +0.00 (+0.00%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Gladstone Commercial

Annual Income Statements for Gladstone Commercial

This table shows Gladstone Commercial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 11 -7.74 -1.53
Consolidated Net Income / (Loss)		 24 4.92 11
Net Income / (Loss) Continuing Operations		 24 4.92 11
Total Pre-Tax Income 		24 4.92 11
Total Revenue		 164 155 159
Net Interest Income / (Expense)		 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00
Total Non-Interest Income		 164 155 159
Net Realized & Unrealized Capital Gains on Investments		 14 7.74 10
Other Non-Interest Income		 149 148 149
Total Non-Interest Expense		 103 116 116
Net Occupancy & Equipment Expense		 25 26 27
Insurance Policy Acquisition Costs		 4.49 0.00 5.27
Other Operating Expenses		 10 13 12
Depreciation Expense		 56 58 60
Impairment Charge		 6.82 19 12
Nonoperating Income / (Expense), net		 -37 -34 -32
Preferred Stock Dividends Declared		 13 13 12
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.04 -0.06 -0.02
Basic Earnings per Share		 $0.27 ($0.19) ($0.04)
Weighted Average Basic Shares Outstanding		 41.77M 39.94M 38.95M
Diluted Earnings per Share		 $0.27 ($0.19) ($0.04)
Weighted Average Diluted Shares Outstanding		 41.77M 39.94M 38.95M
Weighted Average Basic & Diluted Shares Outstanding		 44.19M 40.00M 39.99M
Cash Dividends to Common per Share		 $1.20 $1.20 $1.50

Quarterly Income Statements for Gladstone Commercial

This table shows Gladstone Commercial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 3.97 8.47 -1.61 0.30 1.33 -1.42 -7.69 0.04 -0.09 -0.31
Consolidated Net Income / (Loss)		 7.19 12 1.60 3.53 4.55 1.79 -4.59 3.17 2.98 2.79
Net Income / (Loss) Continuing Operations		 7.19 12 1.60 3.53 4.55 1.79 -4.59 3.17 2.98 2.79
Total Pre-Tax Income 		7.19 12 1.60 3.53 4.55 1.79 -4.59 3.17 2.98 2.79
Total Revenue		 50 50 37 27 48 41 38 28 61 40
Net Interest Income / (Expense)		 9.50 0.00 0.00 -9.50 8.83 0.00 0.00 -8.83 23 -9.11
Total Interest Expense		 -9.50 0.00 0.00 9.50 -8.83 0.00 0.00 8.83 -23 9.11
Total Non-Interest Income		 41 50 37 36 39 41 38 37 38 49
Net Realized & Unrealized Capital Gains on Investments		 3.37 10 -0.05 0.58 3.49 4.70 -0.45 0.00 - 8.90
Other Non-Interest Income		 37 39 37 36 36 36 39 37 37 40
Total Non-Interest Expense		 25 29 26 23 28 30 34 25 26 37
Net Occupancy & Equipment Expense		 7.05 6.68 5.81 5.88 5.57 6.82 6.74 6.73 6.71 6.54
Insurance Policy Acquisition Costs		 2.34 0.75 1.00 0.40 - 0.00 0.00 0.00 1.08 1.51
Other Operating Expenses		 0.70 3.22 3.16 3.21 3.11 3.53 3.22 3.23 3.04 2.92
Depreciation Expense		 13 13 16 13 14 12 17 15 15 15
Impairment Charge		 1.78 4.55 0.00 0.49 5.72 6.75 6.82 0.00 - 11
Nonoperating Income / (Expense), net		 -18 -9.29 -9.44 0.03 -16 -9.78 -9.08 0.11 -33 0.32
Preferred Stock Dividends Declared		 3.21 3.21 3.23 3.22 3.20 3.21 3.17 3.13 3.09 3.10
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.01 0.04 -0.01 0.00 0.01 0.00 -0.07 -0.01 -0.01 -0.00
Basic Earnings per Share		 $0.10 $0.20 ($0.04) $0.01 $0.04 ($0.04) ($0.19) $0.00 - ($0.01)
Weighted Average Basic Shares Outstanding		 41.77M 42.79M 40.31M 40.00M 39.94M 39.92M 39.98M 39.92M 38.95M 39.50M
Diluted Earnings per Share		 $0.10 $0.20 ($0.04) $0.01 $0.04 ($0.04) ($0.19) $0.00 - ($0.01)
Weighted Average Diluted Shares Outstanding		 41.77M 42.79M 40.31M 40.00M 39.94M 39.92M 39.98M 39.92M 38.95M 39.50M
Weighted Average Basic & Diluted Shares Outstanding		 44.19M 43.92M 42.53M 40.05M 40.00M 39.95M 39.92M 40.00M 39.99M 39.61M

Annual Cash Flow Statements for Gladstone Commercial

This table details how cash moves in and out of Gladstone Commercial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -1.06 0.14 2.81
Net Cash From Operating Activities		 57 60 69
Net Cash From Continuing Operating Activities		 57 60 69
Net Income / (Loss) Continuing Operations		 24 4.92 11
Consolidated Net Income / (Loss)		 24 4.92 11
Provision For Loan Losses		 0.06 0.00 0.00
Depreciation Expense		 56 58 60
Amortization Expense		 -5.14 -5.77 -0.69
Non-Cash Adjustments to Reconcile Net Income		 -18 3.41 -1.04
Changes in Operating Assets and Liabilities, net		 0.10 -0.05 -0.04
Net Cash From Investing Activities		 -1.73 1.14 -83
Net Cash From Continuing Investing Activities		 -1.73 1.14 -83
Purchase of Property, Leasehold Improvements and Equipment		 -15 -8.19 -9.37
Purchase of Investment Securities		 -27 -30 -113
Sale of Property, Leasehold Improvements and Equipment		 0.95 1.04 1.84
Sale and/or Maturity of Investments		 38 37 39
Other Investing Activities, net		 2.15 1.30 -1.51
Net Cash From Financing Activities		 -56 -61 16
Net Cash From Continuing Financing Activities		 -56 -61 16
Net Change in Deposits		 0.16 0.10 0.49
Issuance of Debt		 174 133 325
Issuance of Common Equity		 55 10 50
Repayment of Debt		 -219 -141 -281
Repurchase of Preferred Equity		 -1.71 -0.50 -0.36
Repurchase of Common Equity		 0.00 -1.00 0.00
Payment of Dividends		 -63 -61 -71
Other Financing Activities, Net		 -2.20 -0.99 -6.43
Cash Interest Paid		 36 33 28

Quarterly Cash Flow Statements for Gladstone Commercial

This table details how cash moves in and out of Gladstone Commercial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 0.54 0.11 -0.50 -1.22 -5.94 1.51 1.77 2.80 -1.69 2.48
Net Cash From Operating Activities		 23 5.54 14 15 12 18 16 15 12 22
Net Cash From Continuing Operating Activities		 23 5.54 14 15 12 18 16 15 12 22
Net Income / (Loss) Continuing Operations		 7.20 12 1.60 3.53 4.55 1.79 -4.59 3.17 2.93 2.78
Consolidated Net Income / (Loss)		 7.20 12 1.60 3.53 4.55 1.79 -4.59 3.17 2.93 2.78
Depreciation Expense		 13 13 16 13 14 12 17 15 15 15
Amortization Expense		 -1.24 -1.20 -1.57 -1.14 -1.28 -1.20 -1.95 -1.34 -1.33 0.95
Non-Cash Adjustments to Reconcile Net Income		 -3.01 -12 -1.43 -1.53 -2.18 1.02 5.87 -1.30 -1.38 0.04
Changes in Operating Assets and Liabilities, net		 6.74 -6.40 -1.08 0.84 -2.95 3.71 -0.50 -0.31 -2.82 3.04
Net Cash From Investing Activities		 -10 2.83 -13 18 4.73 3.34 -7.60 0.67 -6.98 -18
Net Cash From Continuing Investing Activities		 -10 2.83 -13 18 4.73 3.34 -7.60 0.67 -6.98 -18
Purchase of Property, Leasehold Improvements and Equipment		 -8.10 -1.09 -3.43 -2.49 0.34 -2.56 -4.01 -1.96 -3.78 -1.53
Purchase of Investment Securities		 -5.24 -10 -12 -0.25 -12 -12 -5.22 -0.71 -17 -44
Sale of Property, Leasehold Improvements and Equipment		 0.16 0.19 0.21 0.40 0.69 0.15 -0.25 0.45 0.33 0.13
Sale and/or Maturity of Investments		 2.50 14 2.43 19 15 18 4.42 0.00 13 27
Other Investing Activities, net		 0.31 -0.18 -0.16 2.18 0.99 -0.05 -2.53 2.89 0.65 0.54
Net Cash From Financing Activities		 -12 -8.26 -1.44 -35 -23 -20 -6.40 -13 -7.00 -2.12
Net Cash From Continuing Financing Activities		 -12 -8.26 -1.44 -35 -23 -20 -6.40 -13 -7.00 -2.12
Net Change in Deposits		 -0.04 0.05 0.20 -0.05 -0.04 -0.11 0.25 0.00 0.02 0.39
Issuance of Debt		 106 27 22 20 31 68 21 13 31 207
Issuance of Common Equity		 4.52 40 11 0.19 0.45 1.01 4.14 4.63 4.44 9.97
Repayment of Debt		 -104 -57 -19 -39 -38 -73 -15 -15 -24 -197
Repurchase of Preferred Equity		 -0.39 -1.01 -0.26 -0.06 -0.08 -0.18 -0.14 -0.10 -0.31 -
Payment of Dividends		 -16 -16 -15 -15 -15 -15 -15 -15 -18 -18
Other Financing Activities, Net		 -1.42 -0.54 -0.23 -0.01 -0.06 -0.33 -0.39 -0.21 -0.33 -4.75

Annual Balance Sheets for Gladstone Commercial

This table presents Gladstone Commercial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 1,094 1,133 1,203
Cash and Due from Banks		 11 12 12
Restricted Cash		 4.12 4.15 4.34
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 892 922 1,001
Intangible Assets		 95 101 112
Other Assets		 92 95 74
Total Liabilities & Shareholders' Equity		 1,094 1,133 1,203
Total Liabilities		 753 809 827
Short-Term Debt		 1.90 76 23
Long-Term Debt		 691 663 726
Other Long-Term Liabilities		 60 57 68
Commitments & Contingencies		 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 170 170 170
Total Equity & Noncontrolling Interests		 171 154 206
Total Preferred & Common Equity		 171 153 204
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 171 153 204
Common Stock		 784 730 721
Accumulated Other Comprehensive Income / (Loss)		 11 7.76 12
Other Equity Adjustments		 -624 -585 -529
Noncontrolling Interest		 0.13 0.99 1.79

Quarterly Balance Sheets for Gladstone Commercial

This table presents Gladstone Commercial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 1,096 1,106 1,105 1,167 1,182 1,187 1,210
Cash and Due from Banks		 11 10 10 18 16 14 14
Restricted Cash		 4.00 4.00 4.47 3.81 4.08 4.51 4.15
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 901 919 906 934 946 991 995
Intangible Assets		 98 96 98 103 104 108 113
Other Assets		 83 76 87 108 111 69 84
Total Liabilities & Shareholders' Equity		 1,096 1,106 1,105 1,167 1,182 1,187 1,210
Total Liabilities		 757 790 787 821 828 826 822
Short-Term Debt		 53 81 76 71 38 26 7.75
Other Short-Term Payables		 16 16 14 14 - 2.46 3.70
Long-Term Debt		 639 641 643 678 715 721 734
Other Long-Term Liabilities		 49 51 53 58 74 76 77
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 170 170 170 170 170 170 170
Total Equity & Noncontrolling Interests		 169 146 148 177 184 191 217
Total Preferred & Common Equity		 169 146 147 175 182 189 215
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 169 146 147 175 182 189 215
Common Stock		 780 742 731 729 729 726 717
Accumulated Other Comprehensive Income / (Loss)		 3.37 14 13 20 14 6.01 12
Other Equity Adjustments		 -615 -610 -596 -574 -561 -543 -514
Noncontrolling Interest		 0.13 0.11 0.94 1.46 1.52 1.64 1.94

Annual Metrics And Ratios for Gladstone Commercial

This table displays calculated financial ratios and metrics derived from Gladstone Commercial's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 5.34% -2.33% 45.03%
EBITDA Growth		 22.07% -10.71% 56.08%
EBIT Growth		 55.05% -8.34% 434.88%
NOPAT Growth		 55.05% -8.34% 434.88%
Net Income Growth		 388.42% -54.35% -1.04%
EPS Growth		 242.11% -375.00% 55.56%
Operating Cash Flow Growth		 -5.66% -12.74% -1.35%
Free Cash Flow Firm Growth		 -11.64% 5,643.69% 92.82%
Invested Capital Growth		 -2.68% -5.49% 4.13%
Revenue Q/Q Growth		 28.73% 14.36% 25.87%
EBITDA Q/Q Growth		 54.02% 21.14% 44.50%
EBIT Q/Q Growth		 187.80% 76.73% 271.88%
NOPAT Q/Q Growth		 187.80% 76.73% 271.88%
Net Income Q/Q Growth		 12.35% 46.88% -10.45%
EPS Q/Q Growth		 28.57% 17.39% -300.00%
Operating Cash Flow Q/Q Growth		 23.69% -0.66% -5.66%
Free Cash Flow Firm Q/Q Growth		 4.96% 80.48% 97.47%
Invested Capital Q/Q Growth		 0.29% -2.96% -0.39%
Profitability Metrics		 - - -
EBITDA Margin		 68.12% 58.78% 64.30%
EBIT Margin		 37.17% 25.25% 26.90%
Profit (Net Income) Margin		 14.69% 3.17% 6.78%
Tax Burden Percent		 100.00% 100.00% 100.00%
Interest Burden Percent		 39.53% 12.55% 25.20%
Effective Tax Rate		 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 5.80% 3.58% 3.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.66% -1.02% -0.51%
Return on Net Nonoperating Assets (RNNOA)		 1.43% -2.18% -1.00%
Return on Equity (ROE)		 7.22% 1.41% 2.88%
Cash Return on Invested Capital (CROIC)		 8.51% 9.23% -0.17%
Operating Return on Assets (OROA)		 5.46% 3.36% 3.65%
Return on Assets (ROA)		 2.16% 0.42% 0.92%
Return on Common Equity (ROCE)		 3.52% 0.72% 1.56%
Return on Equity Simple (ROE_SIMPLE)		 14.04% 3.21% 5.29%
Net Operating Profit after Tax (NOPAT)		 61 39 43
NOPAT Margin		 37.17% 25.25% 26.90%
Net Nonoperating Expense Percent (NNEP)		 5.13% 4.61% 4.39%
SG&A Expenses to Revenue		 15.54% 16.65% 16.87%
Operating Expenses to Revenue		 62.83% 74.75% 73.10%
Earnings before Interest and Taxes (EBIT)		 61 39 43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 111 91 102
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 4.14 3.16 3.00
Price to Tangible Book Value (P/TBV)		 9.32 9.26 6.63
Price to Revenue (P/Rev)		 4.33 3.12 3.85
Price to Earnings (P/E)		 63.72 0.00 0.00
Dividend Yield		 7.44% 9.91% 9.74%
Earnings Yield		 1.57% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.51 1.30 1.35
Enterprise Value to Revenue (EV/Rev)		 9.52 8.87 9.54
Enterprise Value to EBITDA (EV/EBITDA)		 13.97 15.09 14.84
Enterprise Value to EBIT (EV/EBIT)		 25.61 35.13 35.46
Enterprise Value to NOPAT (EV/NOPAT)		 25.61 35.13 35.46
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.34 22.82 21.93
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.45 13.64 0.00
Leverage & Solvency		 - - -
Debt to Equity		 2.03 2.28 1.99
Long-Term Debt to Equity		 2.03 2.04 1.93
Financial Leverage		 2.15 2.13 1.95
Leverage Ratio		 3.35 3.34 3.13
Compound Leverage Factor		 1.32 0.42 0.79
Debt to Total Capital		 67.01% 69.50% 66.60%
Short-Term Debt to Total Capital		 0.18% 7.12% 2.07%
Long-Term Debt to Total Capital		 66.83% 62.37% 64.53%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 16.45% 16.09% 15.28%
Common Equity to Total Capital		 16.54% 14.42% 18.13%
Debt to EBITDA		 6.22 8.09 7.33
Net Debt to EBITDA		 6.09 7.92 7.17
Long-Term Debt to EBITDA		 6.20 7.26 7.10
Debt to NOPAT		 11.40 18.84 17.51
Net Debt to NOPAT		 11.15 18.43 17.14
Long-Term Debt to NOPAT		 11.37 16.91 16.97
Noncontrolling Interest Sharing Ratio		 51.26% 48.98% 45.87%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 89 101 -1.82
Operating Cash Flow to CapEx		 402.41% 843.70% 918.93%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.15 0.13 0.14
Fixed Asset Turnover		 0.18 0.16 0.16
Capital & Investment Metrics		 - - -
Invested Capital		 1,035 1,063 1,125
Invested Capital Turnover		 0.16 0.14 0.14
Increase / (Decrease) in Invested Capital		 -28 -62 45
Enterprise Value (EV)		 1,557 1,378 1,517
Market Capitalization		 709 484 612
Book Value per Share		 $3.90 $3.84 $5.15
Tangible Book Value per Share		 $1.73 $1.31 $2.33
Total Capital		 1,035 1,063 1,125
Total Debt		 693 739 749
Total Long-Term Debt		 691 663 726
Net Debt		 678 723 733
Capital Expenditures (CapEx)		 14 7.16 7.53
Net Nonoperating Expense (NNE)		 37 34 32
Net Nonoperating Obligations (NNO)		 693 739 749
Total Depreciation and Amortization (D&A)		 51 52 59
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.27 ($0.19) ($0.08)
Adjusted Weighted Average Basic Shares Outstanding		 41.77M 39.94M 38.95M
Adjusted Diluted Earnings per Share		 $0.27 ($0.19) ($0.08)
Adjusted Weighted Average Diluted Shares Outstanding		 41.77M 39.94M 38.95M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.19M 40.00M 39.99M
Normalized Net Operating Profit after Tax (NOPAT)		 47 41 38
Normalized NOPAT Margin		 28.93% 26.37% 24.15%
Pre Tax Income Margin		 14.69% 3.17% 6.78%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 261.18% 1,231.61% 659.36%
Augmented Payout Ratio		 261.18% 1,251.89% 659.36%

Quarterly Metrics And Ratios for Gladstone Commercial

This table displays calculated financial ratios and metrics derived from Gladstone Commercial's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 4.18% 20.39% -3.13% -3.31% -21.17% 3.86% 30.50% -4.21% 114.74% 43.34%
EBITDA Growth		 14.11% 45.06% 30.85% -4.56% -33.67% 20.93% 17.73% -7.42% 179.10% 13.03%
EBIT Growth		 25.78% 81.53% 145.76% 14.04% -43.44% 368.35% 198.41% -6.85% 737.39% 15.04%
NOPAT Growth		 25.78% 81.53% 251.08% 14.04% -43.44% 368.35% 108.88% -6.85% 737.39% 15.04%
Net Income Growth		 58.05% 554.07% 134.87% 11.34% 52.72% -35.70% -382.51% -6.61% -29.68% -38.04%
EPS Growth		 150.00% 600.00% 78.95% 0.00% 0.00% -300.00% -375.00% -100.00% 0.00% -125.00%
Operating Cash Flow Growth		 91.84% -68.88% -13.74% 0.70% -3.27% -20.14% -9.48% -13.20% -25.28% 15.53%
Free Cash Flow Firm Growth		 -34.40% 87.25% 481.64% 595.74% 1,001.27% 155.93% 117.56% 68.95% 68.81% -231.09%
Invested Capital Growth		 -2.68% -5.83% -6.24% -6.37% -5.49% -2.99% -0.95% 1.65% 4.13% 7.99%
Revenue Q/Q Growth		 1.40% 33.89% 38.06% 13.28% 17.17% 7.73% 37.80% -3.47% 54.38% 35.35%
EBITDA Q/Q Growth		 12.02% 30.08% 62.58% 96.90% 42.41% 17.33% 18.58% -1.12% 159.65% 14.23%
EBIT Q/Q Growth		 20.30% 90.34% 216.07% 178.09% 73.61% 157.69% 46.67% -0.10% 1,337.56% 64.19%
NOPAT Q/Q Growth		 20.30% 90.34% 216.07% 178.09% 73.61% 268.13% 2.67% -0.10% 1,337.56% 64.19%
Net Income Q/Q Growth		 -38.63% 632.56% -54.62% -22.52% 153.96% 139.06% -244.87% 6.28% 6.93% 71.61%
EPS Q/Q Growth		 -50.00% 600.00% -500.00% -75.00% 200.00% 78.95% 0.00% 0.00% 0.00% 75.00%
Operating Cash Flow Q/Q Growth		 311.32% -59.27% -9.45% 26.48% -33.27% 12.89% 5.70% 21.50% -44.91% 27.95%
Free Cash Flow Firm Q/Q Growth		 -36.74% 5.96% 8.21% 29.21% 80.56% 229.13% 192.23% 64.04% 88.80% -3.32%
Invested Capital Q/Q Growth		 0.29% -0.64% 0.07% -2.40% -2.96% -1.07% -0.06% -1.49% -0.39% 1.01%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 73.91% 66.90% 68.87% 58.48% 67.48% 55.52% 50.98% 59.24% 80.20% 47.69%
EBIT Margin		 50.30% 42.39% 29.82% 13.03% 41.66% 28.12% 11.75% 11.04% 58.06% 6.24%
Profit (Net Income) Margin		 14.32% 23.65% 4.32% 13.15% 9.44% 4.35% -12.01% 11.42% 4.87% 7.03%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 28.46% 55.79% 14.50% 100.97% 22.65% 15.48% -102.16% 103.43% 8.39% 112.79%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 7.85% 5.07% 3.30% 1.46% 5.91% 3.43% 0.99% 1.26% 8.37% 0.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.32% 3.78% 2.02% 1.46% 3.83% 2.12% -0.05% 1.27% 3.91% 0.77%
Return on Net Nonoperating Assets (RNNOA)		 11.45% 7.94% 4.46% 3.16% 8.13% 4.30% -0.09% 2.48% 7.60% 1.43%
Return on Equity (ROE)		 19.29% 13.01% 7.75% 4.61% 14.05% 7.74% 0.90% 3.74% 15.98% 2.16%
Cash Return on Invested Capital (CROIC)		 8.51% 7.99% 7.53% 7.06% 9.23% 5.03% 2.13% -0.72% -0.17% -6.62%
Operating Return on Assets (OROA)		 7.39% 4.76% 3.10% 1.36% 5.54% 3.21% 1.33% 1.18% 7.87% 0.68%
Return on Assets (ROA)		 2.10% 2.66% 0.45% 1.38% 1.25% 0.50% -1.36% 1.22% 0.66% 0.77%
Return on Common Equity (ROCE)		 9.40% 6.53% 3.80% 2.28% 7.17% 4.12% 0.48% 2.02% 8.65% 1.18%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.67% 7.87% 3.58% 0.00% 1.91% 2.39% 5.59% 0.00% 5.59%
Net Operating Profit after Tax (NOPAT)		 25 21 11 3.49 20 12 3.14 3.06 36 2.47
NOPAT Margin		 50.30% 42.39% 29.82% 13.03% 41.66% 28.12% 8.23% 11.04% 58.06% 6.24%
Net Nonoperating Expense Percent (NNEP)		 2.52% 1.29% 1.28% 0.00% 2.09% 1.31% 1.04% -0.01% 4.47% -0.04%
SG&A Expenses to Revenue		 14.02% 13.48% 15.69% 21.95% 11.55% 16.57% 17.64% 24.26% 10.97% 16.49%
Operating Expenses to Revenue		 49.70% 57.61% 70.18% 86.97% 58.34% 71.88% 88.25% 88.96% 41.94% 93.76%
Earnings before Interest and Taxes (EBIT)		 25 21 11 3.49 20 12 4.49 3.06 36 2.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 37 33 25 16 33 23 19 16 49 19
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 4.14 4.06 3.87 3.62 3.16 2.52 2.45 2.35 3.00 2.40
Price to Tangible Book Value (P/TBV)		 9.32 9.65 11.33 10.75 9.26 6.09 5.73 5.47 6.63 5.04
Price to Revenue (P/Rev)		 4.33 5.40 4.75 4.45 3.12 3.25 3.32 3.54 3.85 4.09
Price to Earnings (P/E)		 63.72 80.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 7.44% 7.43% 8.53% 8.98% 9.91% 11.53% 12.14% 12.87% 9.74% 11.51%
Earnings Yield		 1.57% 1.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.51 1.49 1.39 1.36 1.30 1.22 1.22 1.21 1.35 1.25
Enterprise Value to Revenue (EV/Rev)		 9.52 12.08 12.15 11.75 8.87 9.87 10.06 10.72 9.54 11.18
Enterprise Value to EBITDA (EV/EBITDA)		 13.97 21.21 23.23 25.14 15.09 17.78 18.91 19.63 14.84 19.97
Enterprise Value to EBIT (EV/EBIT)		 25.61 72.64 123.31 273.71 35.13 60.40 103.17 133.07 35.46 122.82
Enterprise Value to NOPAT (EV/NOPAT)		 25.61 72.64 123.31 273.71 35.13 60.40 103.17 133.07 35.46 122.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.34 33.33 24.73 23.30 22.82 22.06 20.69 20.09 21.93 19.27
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.45 18.05 17.85 18.61 13.64 23.95 56.93 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.03 2.04 2.29 2.26 2.28 2.16 2.13 2.07 1.99 1.91
Long-Term Debt to Equity		 2.03 1.89 2.03 2.02 2.04 1.96 2.02 2.00 1.93 1.89
Financial Leverage		 2.15 2.10 2.20 2.16 2.13 2.03 2.02 1.95 1.95 1.86
Leverage Ratio		 3.35 3.30 3.42 3.38 3.34 3.24 3.22 3.14 3.13 3.05
Compound Leverage Factor		 0.95 1.84 0.50 3.41 0.76 0.50 -3.29 3.25 0.26 3.44
Debt to Total Capital		 67.01% 67.13% 69.58% 69.33% 69.50% 68.36% 68.06% 67.46% 66.60% 65.68%
Short-Term Debt to Total Capital		 0.18% 5.16% 7.81% 7.32% 7.12% 6.48% 3.47% 2.37% 2.07% 0.69%
Long-Term Debt to Total Capital		 66.83% 61.97% 61.77% 62.01% 62.37% 61.89% 64.59% 65.09% 64.53% 64.99%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 16.45% 16.49% 16.39% 16.48% 16.09% 15.65% 15.49% 15.49% 15.28% 15.25%
Common Equity to Total Capital		 16.54% 16.37% 14.03% 14.20% 14.42% 15.98% 16.45% 17.05% 18.13% 19.08%
Debt to EBITDA		 6.22 9.57 11.64 12.83 8.09 9.94 10.55 10.92 7.33 10.48
Net Debt to EBITDA		 6.09 9.37 11.41 12.57 7.92 9.64 10.27 10.64 7.17 10.23
Long-Term Debt to EBITDA		 6.20 8.84 10.33 11.48 7.26 9.00 10.02 10.53 7.10 10.37
Debt to NOPAT		 11.40 32.78 61.79 139.74 18.84 33.75 57.59 73.99 17.51 64.47
Net Debt to NOPAT		 11.15 32.09 60.55 136.84 18.43 32.76 56.01 72.13 17.14 62.94
Long-Term Debt to NOPAT		 11.37 30.26 54.85 124.98 16.91 30.56 54.65 71.39 16.97 63.80
Noncontrolling Interest Sharing Ratio		 51.26% 49.83% 51.03% 50.47% 48.98% 46.81% 46.50% 46.04% 45.87% 45.26%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 54 85 80 74 82 45 14 -15 -9.09 -81
Operating Cash Flow to CapEx		 287.03% 612.15% 422.32% 719.49% 0.00% 737.10% 370.43% 988.01% 356.43% 1,586.48%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 7.80 0.00 0.00 0.00 -1.69 0.00 -8.90
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 1.58 0.00 0.00 0.00 1.69 0.00 2.45
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 1.36 0.00 0.00 0.00 1.52 0.00 2.29
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.15 0.11 0.10 0.10 0.13 0.11 0.11 0.11 0.14 0.11
Fixed Asset Turnover		 0.18 0.14 0.13 0.13 0.16 0.14 0.14 0.13 0.16 0.13
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,035 1,032 1,038 1,038 1,063 1,096 1,107 1,108 1,125 1,129
Invested Capital Turnover		 0.16 0.12 0.11 0.11 0.14 0.12 0.12 0.11 0.14 0.12
Increase / (Decrease) in Invested Capital		 -28 -64 -69 -71 -62 -34 -11 18 45 84
Enterprise Value (EV)		 1,557 1,535 1,442 1,409 1,378 1,340 1,350 1,344 1,517 1,413
Market Capitalization		 709 686 564 534 484 442 446 444 612 517
Book Value per Share		 $3.90 $3.97 $3.64 $3.68 $3.84 $4.39 $4.56 $4.73 $5.15 $5.45
Tangible Book Value per Share		 $1.73 $1.67 $1.24 $1.24 $1.31 $1.82 $1.94 $2.03 $2.33 $2.59
Total Capital		 1,035 1,032 1,038 1,038 1,063 1,096 1,107 1,108 1,125 1,129
Total Debt		 693 693 723 719 739 749 754 748 749 742
Total Long-Term Debt		 691 639 641 643 663 678 715 721 726 734
Net Debt		 678 678 708 704 723 727 733 729 733 724
Capital Expenditures (CapEx)		 7.94 0.91 3.22 2.09 -1.03 2.42 4.26 1.51 3.45 1.41
Net Nonoperating Expense (NNE)		 18 9.29 9.44 -0.03 16 9.78 7.73 -0.11 33 -0.32
Net Nonoperating Obligations (NNO)		 693 693 723 719 739 749 754 748 749 742
Total Depreciation and Amortization (D&A)		 12 12 14 12 12 11 15 13 14 16
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.10 $0.20 ($0.04) $0.01 $0.04 ($0.04) ($0.19) ($0.02) $0.00 ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 41.77M 42.79M 40.31M 40.00M 39.94M 39.92M 39.98M 39.92M 38.95M 39.50M
Adjusted Diluted Earnings per Share		 $0.10 $0.20 ($0.04) $0.01 $0.04 ($0.04) ($0.19) ($0.02) $0.00 ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 41.77M 42.79M 40.31M 40.00M 39.94M 39.92M 39.98M 39.92M 38.95M 39.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.19M 43.92M 42.53M 40.05M 40.00M 39.95M 39.92M 40.00M 39.99M 39.61M
Normalized Net Operating Profit after Tax (NOPAT)		 19 18 7.73 2.79 18 13 7.92 2.14 25 9.23
Normalized NOPAT Margin		 37.69% 36.10% 20.88% 10.41% 37.46% 31.17% 20.73% 7.73% 40.64% 23.30%
Pre Tax Income Margin		 14.32% 23.65% 4.32% 13.15% 9.44% 4.35% -12.01% 11.42% 4.87% 7.03%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.37 0.00 0.00 0.00 0.35 0.00 0.27
NOPAT to Interest Expense		 0.00 0.00 0.00 0.37 0.00 0.00 0.00 0.35 0.00 0.27
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.18 0.00 0.12
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.18 0.00 0.12
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 261.18% 288.29% 530.16% 1,149.16% 1,231.61% 1,895.40% 1,526.46% 652.03% 659.36% 583.23%
Augmented Payout Ratio		 261.18% 288.29% 530.16% 1,149.16% 1,251.89% 1,925.19% 1,549.42% 652.03% 659.36% 583.23%

Frequently Asked Questions About Gladstone Commercial's Financials

When does Gladstone Commercial's fiscal year end?

According to the most recent income statement we have on file, Gladstone Commercial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Gladstone Commercial's net income changed over the last 2 years?

Gladstone Commercial's net income appears to be on an upward trend, with a most recent value of $24.04 million in 2024, rising from $10.78 million in 2022. The previous period was $4.92 million in 2023.

How has Gladstone Commercial revenue changed over the last 2 years?

Over the last 2 years, Gladstone Commercial's total revenue changed from $159.03 million in 2022 to $163.62 million in 2024, a change of 2.9%.

How much debt does Gladstone Commercial have?

Gladstone Commercial's total liabilities were at $753.01 million at the end of 2024, a 6.9% decrease from 2023, and a 8.9% decrease since 2022.

How much cash does Gladstone Commercial have?

In the past 2 years, Gladstone Commercial's cash and equivalents has ranged from $10.96 million in 2024 to $11.99 million in 2023, and is currently $10.96 million as of their latest financial filing in 2024.

How has Gladstone Commercial's book value per share changed over the last 2 years?

Over the last 2 years, Gladstone Commercial's book value per share changed from 5.15 in 2022 to 3.90 in 2024, a change of -24.3%.


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This page (NASDAQ:GOODO) was last updated on 5/25/2025 by MarketBeat.com Staff
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