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Gladstone Commercial (GOOD) Financials

Gladstone Commercial logo
$14.12 +0.10 (+0.71%)
Closing price 04/25/2025 04:00 PM Eastern
Extended Trading
$13.98 -0.14 (-0.99%)
As of 04/25/2025 07:55 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.
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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-1.53 -7.74 11
Consolidated Net Income / (Loss)
11 4.92 24
Net Income / (Loss) Continuing Operations
11 4.92 24
Total Pre-Tax Income
11 4.92 24
Total Revenue
159 155 164
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
159 155 164
Net Realized & Unrealized Capital Gains on Investments
10 7.74 14
Other Non-Interest Income
149 148 149
Total Non-Interest Expense
116 116 103
Net Occupancy & Equipment Expense
27 26 25
Insurance Policy Acquisition Costs
5.27 0.00 4.49
Other Operating Expenses
12 13 10
Depreciation Expense
60 58 56
Impairment Charge
12 19 6.82
Nonoperating Income / (Expense), net
-32 -34 -37
Preferred Stock Dividends Declared
12 13 13
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.02 -0.06 0.04
Basic Earnings per Share
($0.04) ($0.19) $0.27
Weighted Average Basic Shares Outstanding
38.95M 39.94M 41.77M
Diluted Earnings per Share
($0.04) ($0.19) $0.27
Weighted Average Diluted Shares Outstanding
38.95M 39.94M 41.77M
Weighted Average Basic & Diluted Shares Outstanding
39.99M 40.00M 44.19M
Cash Dividends to Common per Share
$1.50 $1.20 $1.20

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

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

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

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

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

Annual Metrics and Ratios for Gladstone Commercial

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

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

Quarterly Metrics and Ratios for Gladstone Commercial

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

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

Frequently Asked Questions About Gladstone Commercial's Financials

When does Gladstone Commercial's financial year end?

According to the most recent income statement we have on file, Gladstone Commercial's fiscal year ends in December. Their fiscal 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%.



This page (NASDAQ:GOOD) was last updated on 4/26/2025 by MarketBeat.com Staff
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