Gladstone Commercial Corp (GOOD) Financial Statements
Industry: Lessors of Real Property (Other)
In fiscal 2025, Gladstone Commercial reported revenue of $161.3M, up 8.0% from $149.4M the year before. Net income was $19.3M (a 12.0% net margin), or $0.14 per diluted share. Operating activities generated $88.2M of cash. At fiscal year end, Gladstone Commercial held $1.25B in total assets against $905.0M in total liabilities, including $10.8M of cash and equivalents.
Open the full interactive Gladstone Commercial financials → Quarterly statements, key ratios, valuation history and price charts.
Gladstone Commercial Key Stats
| Share Price | $12.84 |
|---|---|
| Market Cap | $621.5M |
| P/E Ratio | 91.7 |
| Dividend Yield | 11.25% |
| Revenue YoY Growth | +8.0% |
| 52-Week Range | $9.64 – $13.08 |
| Shares Outstanding | 48.4 million (basic, 2026 Q2) |
Gladstone Commercial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $133.2M | $137.7M | $149.0M | $147.6M | $149.4M | $161.3M |
| Pre-Tax Income | $14.9M | $9.8M | $9.3M | $5.0M | $24.0M | $19.3M |
| Net Income | $14.9M | $9.8M | $9.3M | $5.0M | $24.0M | $19.3M |
| Diluted EPS | $0.09 | -$0.12 | -$0.08 | -$0.19 | $0.27 | $0.14 |
Gladstone Commercial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $40.8M | $43.5M | $41.9M | $44.0M |
| Net Income | $4.1M | $5.4M | $7.0M | $8.3M |
| Diluted EPS | $0.02 | $0.12 | $0.08 | $0.11 |
Gladstone Commercial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.0M | $8.0M | $11.7M | $12.0M | $11.0M | $10.8M |
| Total Assets | $1.10B | $1.14B | $1.20B | $1.13B | $1.09B | $1.25B |
| Total Long-Term Debt | $668.7M | $707.5M | $749.2M | $738.9M | $693.4M | $843.5M |
| Total Liabilities | $722.6M | $770.5M | $826.9M | $809.2M | $753.0M | $905.0M |
| Shareholders' Equity | $213.2M | $201.3M | $202.8M | $153.3M | $171.2M | $171.8M |
Gladstone Commercial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $65.5M | $70.1M | $69.2M | $60.4M | $57.0M | $88.2M |
| Cash From Investing | -$100.3M | -$94.8M | -$82.5M | $1.1M | -$1.7M | -$221.4M |
| Cash From Financing | $39.4M | $21.8M | $16.1M | -$61.4M | -$56.3M | $134.7M |
| Dividends Paid | $63.8M | $67.6M | $71.1M | $60.6M | $62.8M | $68.2M |
Figures from Gladstone Commercial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Gladstone Commercial financials page for every line item.
Gladstone Commercial Company Profile
| Ticker | GOOD |
|---|---|
| Exchange | Nasdaq |
| Industry | Lessors of Real Property (Other) |
| Headquarters | Mclean, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001234006 |
Frequently Asked Questions
What was Gladstone Commercial's revenue in fiscal 2025?
Gladstone Commercial (GOOD) reported revenue of $161.3M for fiscal 2025.
What is Gladstone Commercial's annual revenue history?
Gladstone Commercial's annual revenue by fiscal year: 2020: $133.2M; 2021: $137.7M; 2022: $149.0M; 2023: $147.6M; 2024: $149.4M; 2025: $161.3M.
What was Gladstone Commercial's net income in fiscal 2025?
Gladstone Commercial reported net income of $19.3M for fiscal 2025.
What was Gladstone Commercial's earnings per share (EPS) in fiscal 2025?
Gladstone Commercial's diluted EPS was $0.14 for fiscal 2025 (adjusted for any later stock splits).
What was Gladstone Commercial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Gladstone Commercial reported revenue of $44.0M.
How much debt does Gladstone Commercial have?
Gladstone Commercial reported $843.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Gladstone Commercial are outstanding?
Gladstone Commercial reported a weighted average of 48.4 million basic shares outstanding in 2026 Q2.
What is Gladstone Commercial's market cap?
Based on its latest closing price, Gladstone Commercial (GOOD) has a market capitalization of about $621.5M.
When does Gladstone Commercial's fiscal year end?
Gladstone Commercial's fiscal year end, as registered with the SEC, is December 31.
Where is Gladstone Commercial headquartered?
Gladstone Commercial lists its business address in Mclean, Virginia in its SEC filings.