Gladstone Commercial Corporation

Gladstone Commercial Corporation

GOODO
Gladstone Commercial CorporationUS flagNASDAQ Global Select
20.16
USD
-0.08
- -
621.87MMarket 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
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
61
74
84
86
95
107
114
133
138
149
148
149
161
166
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
36.72
Depreciation Expense
23
29
35
38
43
48
52
55
59
60
58
56
58
60
Net Income, GAAP
2
-6
4
4
6
12
10
15
11
11
5
24
19
21
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
12.74
Working Capital
-12
-32
-39
-37
-19
-53
-57
-48
-50
-48
-69
4
-36
-41
LT Debt
423
459
481
470
522
516
581
621
679
731
668
696
813
809
Total Equity
183
218
234
240
267
254
211
216
203
206
154
171
172
164
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
6.28
Return on Capital (%)
8.3
- -
9.15
9.54
10.89
14.38
14.2
15.37
14.73
18.3
21.88
52.46
48.77
48.06
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
145
37
34
LT Borrowings
698
806
802
LT Finance Leases
7
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
31
33
27
Cash, Cash Equivalents & STI
18
11
8
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
10
10
Total Current Liabilities
182
69
68
Payables & Accruals
18
14
17
ST Debt
145
37
34
Deferred Revenue
19
17
16

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
David J. Gladstone
Full Time Employees
74
Sector
Real Estate
Industry
REIT - Diversified
Address
1521 Westbranch Drive, Suite 100 McLean VA United States of America 22102
IPO Date
Jun 22, 2021
Business
Gladstone Commercial Corporation is a publicly traded real estate investment trust (REIT) specializing in the acquisition, ownership, and operation of single-tenant and anchored multi-tenant net leased industrial and office properties across the United States. The company focuses on high-quality commercial real estate assets located in primary and secondary growth markets with favorable economic trends, diversified industries, and strong employment. Its portfolio includes industrial, manufacturing, distribution, and warehouse facilities, with key emphasis on long-term leases with creditworthy tenants, including build-to-suit transactions where tenants require newly constructed buildings. Gladstone Commercial leverages insights from its affiliated Gladstone Companies family of investment funds to rigorously underwrite tenant credit and optimize its portfolio. As of late 2025, Gladstone Commercial manages a portfolio comprising approximately 143 properties totaling roughly 17 million square feet across 27 states. The company maintains strong occupancy rates above 95% and a history of steady monthly cash distributions since inception, reflecting financial stability and operational resilience. The company operates with a disciplined approach to portfolio rotation, acquisition, and leasing activities geared toward maximizing distribution yields and portfolio quality. Recent major developments include the acquisition of a six-facility industrial portfolio totaling 693,236 square feet in Michigan, Indiana, and Georgia for approximately $54.8 million, secured by a 20-year absolute net lease with TI Group Automotive Systems, a global tier 1 automotive supplier. This acquisition enhances Gladstone’s weighted average lease term and portfolio stability in key U.S. manufacturing markets. Additionally, the company acquired two fully occupied industrial facilities totaling 519,093 square feet for $79.3 million at an 8.88% capitalization rate. Strategic sales of non-core properties generated $26.6 million in proceeds, signaling ongoing portfolio optimization. Financially, Gladstone expanded its credit facility to $600 million with extended maturities to 2029 and 2030, supporting liquidity for future acquisitions and operations, and raised $23 million through an at-the-market equity offering to fund growth initiatives. Founded in 2003, Gladstone Commercial is headquartered in McLean, Virginia, and operates nationwide with a focus on industrial and office real estate investment. The company’s senior management, with extensive experience exceeding 200 combined years, drives disciplined asset selection and capital allocation strategies targeting durable cash flow and long-term growth for shareholders. This description details Gladstone Commercial Corporation’s core business, product portfolio, recent strategic changes, and operational context as of late 2025.

Company News

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