Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	151.17	149.39	147.58	148.98	137.69	133.15
Total Revenue	151.17	149.39	147.58	148.98	137.69	133.15
Revenue Growth (YoY	3.01%	1.22%	-0.94%	8.20%	3.41%	16.41%
Property Expenses	32.58	31.53	32.24	33.16	32.98	31.65
Selling, General & Administrative	8.74	8.67	6.71	10.84	9.51	9.16
Depreciation & Amortization	55.7	55.79	57.86	60.15	59.15	55.42
Total Operating Expenses	97.02	95.99	96.81	104.16	101.64	96.23
Operating Income	54.15	53.4	50.78	44.83	36.05	36.92
Interest Expense	-37.04	-37.4	-37.33	-32.46	-26.89	-26.8
Other Non-Operating Income	0.52	0.33	0.2	0.45	0.48	0.4
EBT Excluding Unusual Items	18.03	16.33	13.65	12.82	9.64	10.51
Gain (Loss) on Sale of Assets	13.95	14.23	7.74	10.05	-1.15	8.1
Asset Writedown	-6.33	-6.82	-19.3	-12.09	-	-3.62
Total Legal Settlements	-	-	-	-	2.4	-
Other Unusual Items	-	0.3	2.83	-	-	-
Pretax Income	25.65	24.04	4.92	10.78	10.9	14.99
Earnings From Continuing Operations	25.65	24.04	4.92	10.78	10.9	14.99
Minority Interest in Earnings	-0.04	-0.04	0.06	0.02	0.04	-0.05
Net Income	25.61	24	4.99	10.81	10.94	14.94
Preferred Dividends & Other Adjustments	12.87	12.87	12.72	12.33	14.33	11.79
Net Income to Common	12.74	11.12	-7.74	-1.53	-3.39	3.15
Net Income Growth	380.00%	381.40%	-53.86%	-1.19%	-26.80%	55.15%
Basic Shares Outstanding	43	42	40	39	37	34
Diluted Shares Outstanding	43	42	40	39	37	34
Shares Change (YoY)	7.39%	4.56%	2.55%	6.60%	7.34%	10.90%
EPS (Basic)	0.30	0.27	-0.19	-0.04	-0.09	0.09
EPS (Diluted)	0.30	0.27	-0.19	-0.04	-0.09	0.09
Dividend Per Share	1.200	1.200	1.200	1.505	1.502	1.502
Dividend Growth	-	-	-20.26%	0.18%	0.03%	0.12%
Operating Margin	35.82%	35.75%	34.41%	30.09%	26.18%	27.73%
Profit Margin	8.42%	7.45%	-5.24%	-1.03%	-2.46%	2.37%
EBITDA	103.3	102.51	101.3	100.86	92.02	90.51
EBITDA Margin	68.34%	68.62%	68.64%	67.70%	66.83%	67.97%
D&A For Ebitda	49.16	49.11	50.53	56.04	55.97	53.59
EBIT	54.15	53.4	50.78	44.83	36.05	36.92
EBIT Margin	35.82%	35.75%	34.41%	30.09%	26.18%	27.73%
Funds From Operations (FFO)	60.86	59.25	58.78	-	-	-
FFO Per Share	1.41	1.41	1.46	-	-	-
Adjusted Funds From Operations (AFFO)	-	59.25	58.78	-	-	-
AFFO Per Share	-	1.40	1.45	-	-	-
Revenue as Reported	151.17	149.39	147.58	148.98	137.69	133.15

Updated May 7, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q