Gladstone Commercial Corporation

Gladstone Commercial Corporation

GOOD
Gladstone Commercial CorporationUS flagNASDAQ Global Select
12.56
USD
-0.01
- -
608.01MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.56
4.15
3.79
3.58
3.6
3.72
3.73
3.91
3.77
3.82
3.69
3.58
3.47
3.55
Basic EPS, GAAP
-0.19
-0.56
-0.02
-0.11
-0.15
0.07
-0.04
0.12
-0.02
-0.03
-0.18
0.28
0.15
0.26
Free Cash Flow per Basic Share
1.48
1.59
1.42
1.7
1.78
1.94
1.96
1.92
1.92
1.78
1.51
1.36
1.89
1.46
Dividend per Share
1.78
1.71
1.67
1.76
1.91
1.9
1.92
1.87
1.85
1.83
1.52
1.5
1.46
1.46
Book Value per Share
11.69
11.11
10.4
9.64
9.4
8.54
6.39
6.03
5.37
5.13
3.83
3.89
3.55
3.23
Tangible Book Value per Share
6.61
6.07
5.74
5.4
5.21
4.73
2.84
2.71
2.32
2.32
1.31
1.73
1.16
0.91
Basic Weighted Avg Shares
13
18
22
24
26
29
31
34
37
39
40
42
47
48
Sales/Revenue/Turnover
61
74
84
86
95
107
114
133
138
149
148
149
161
170
Operating Margin (%)
47.74
43.42
39.9
37.97
35.12
33.39
31.45
27.73
26.17
30.09
34.41
34.23
36.22
38.14
Depreciation Expense
23
29
35
38
43
48
52
55
59
60
58
56
58
61
Net Income, GAAP
2
-6
4
4
6
12
10
15
11
11
5
24
19
25
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
2.49
-8
4.29
4.58
6.26
11.54
8.42
11.22
7.94
7.25
3.38
16.06
11.95
14.54
Working Capital
-12
-32
-39
-37
-19
-53
-57
-48
-50
-48
-69
4
-36
-70
LT Debt
423
459
481
470
522
516
581
621
679
731
668
696
813
807
Total Equity
183
218
234
240
267
254
211
216
203
206
154
171
172
157
Return on Invested Capital (%)
5.15
- -
4.52
4.35
4.27
4.38
4.32
4.26
3.99
4.78
5.46
5.79
6.18
6.51
Return on Capital (%)
4.55
- -
4.27
3.96
3.91
4.72
4.57
4.81
4.19
4.62
4.56
6.94
6.47
7.05
Return on Common Equity (%)
-1.68
-4.99
-0.22
-1.13
-1.56
0.74
-0.52
1.88
-0.27
-0.54
-4.09
7.12
4.07
7.51

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
37
34
52
LT Borrowings
806
802
800
LT Finance Leases
7
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
49
Market Capitalization
517
553
600

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
27
18
Cash, Cash Equivalents & STI
11
8
10
Accounts Receivable, Net
- -
- -
- -
Inventories
10
10
- -
Total Current Liabilities
69
68
88
Payables & Accruals
14
17
19
ST Debt
37
34
52
Deferred Revenue
17
16
17

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.38%
-3.66%
0.35%
Free Cash Flow
12.24%
8.42%
54.78%
Net Income, GAAP
48.08%
55.98%
-19.63%
Sales/Revenue/Turnover
6.89%
3.98%
8%
Total Cash Common Dividend
5.86%
1.72%
10.98%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36
37
39
37
149
2025
38
40
41
43
161
2026
42
44
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.04
0.2
- -
0.28
2025
0.05
0.03
0.02
- -
0.15
2026
0.08
0.11
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.38
0.38
- -
1.5
2025
0.37
0.37
0.37
- -
1.46
2026
0.36
0.36
- -
- -
- -

Company Description

CEO
Arthur S. Cooper
Full Time Employees
75
Sector
Real Estate
Industry
REIT - Diversified
Address
1521 Westbranch Drive McLean VA United States of America 22102-3211
IPO Date
Aug 14, 2003
Business
Gladstone Commercial Corporation Gladstone Commercial Corporation is a real estate investment trust that acquires, owns, and operates single-tenant and anchored multi-tenant net leased industrial and office properties across the United States. The company focuses on high-quality, mission-critical assets in primary and secondary growth markets, including industrial facilities for manufacturing, distribution, warehousing, and specialized uses such as temperature-controlled pet food production; its portfolio features long-term absolute net leases where tenants bear responsibility for operating expenses, taxes, insurance, repairs, and maintenance. Gladstone Commercial Corporation maintains a diversified tenant base across industries like automotive, telecommunications, banking, healthcare, and consumer products, serving 110 tenants with properties totaling approximately 17.7 million square feet in 27 states as of September 30, 2025; occupancy remains consistently above 95% since its initial public offering, achieving 99.1% recently through disciplined underwriting of tenant credit and strategic property selection. Founded in 2003 and headquartered in McLean, Virginia, the company operates as part of the Gladstone Companies family of investment funds and generates stable cash flows to support monthly distributions to shareholders. Recent developments include the May 2025 acquisition of a 303,991-square-foot Class A temperature-controlled facility in Germantown, Wisconsin, fully leased to G&H Pets, LLC through September 2044 for premium freeze-dried pet food production, and the October 2025 purchase of a 693,236-square-foot industrial portfolio across Michigan, Indiana, and Georgia for $54.5 million, concurrently sale-leased back under a 20-year absolute net lease to TI Group Automotive Systems, L.L.C., enhancing portfolio stability and weighted average lease terms.

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