Gladstone Commercial Corporation - Real Estate Investment Trust Financial Ratios — GLE

Profitability (USD)

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	1.31	-0.26	-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
Return on Assets (%)	1.32	0.74	0.24	-0.8	0.45	0.47	0.67	1.32	0.97	1.4	0.98	0.92	0.43	2.15	1.65
Return on Capital (%)	5.44	5.07	4.55	- -	4.27	3.96	3.91	4.72	4.57	4.81	4.19	4.62	4.56	6.94	6.47
Return on Invested Capital (%)	5.42	5.58	5.02	- -	4.43	4.08	3.4	4.38	4.11	3.84	3.99	3.49	3.69	5.31	6.34
Gross Margin (%)	94.05	94.04	91.26	89.82	89.53	88.63	86.66	84.54	84.47	76.23	76.05	77.74	78.16	78.89	78.14
EBITDA Margin (%)	83.81	84.27	83.7	68.45	81.28	79.07	73.06	77.98	75.4	66.67	69.17	62.37	62.47	68.73	73.28
Operating Margin (%)	53.22	53.29	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
Incremental Operating Margin (%)	238.87	53.72	19.5	22.06	13.96	- -	5.98	19.7	4.06	5.06	- -	77.84	- -	20.07	61.1
Pretax Margin (%)	12.99	7.34	2.49	-8	4.29	4.58	6.26	11.54	8.34	11.25	7.91	7.24	3.34	16.09	11.96
Profit Margin (%)	12.99	7.34	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
Net Income to Common Margin (%)	3.68	-0.65	-4.18	-13.55	-0.59	-3.11	-4.17	1.78	-1.04	2.98	-0.4	-0.74	-4.95	7.74	4.33
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	957.78	-4,975.9	-773.12	-262.8	-6,581.73	-1,334.16	-1,024.99	2,309.05	-3,513.52	1,300.42	-8,863.19	-5,173.86	-650.89	432.47	798.31
Sustainable Growth Rate (%)	-11.27	-13.08	-14.67	-18.1	-14.74	-16.27	-17.55	-16.29	-18.85	-22.59	-23.92	-28.58	-30.69	-23.69	-28.45

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	304	384	447	503	525	509	543	566	632	674	713	755	744	697	850
ST Debt	19	25	24	43	45	39	21	50	52	53	34	23	76	2	37
LT Debt	285	359	423	459	481	470	522	516	581	621	679	731	668	696	813
Total Debt/EBITDA	8.25	8.89	8.71	9.95	7.72	7.46	7.83	6.8	7.33	7.6	7.49	8.12	8.07	6.79	7.19
Net Debt/EBITDA	8.16	8.76	8.54	9.78	7.64	7.39	7.74	6.72	7.19	7.41	7.35	7.94	7.88	6.65	7.04
Total Debt/EBIT	13.39	14.57	15.67	23.24	16.02	16.55	20.51	15.87	18.52	20.25	19.78	23.05	21.68	14.88	14.18
Net Debt/EBIT	13.24	14.36	15.37	22.84	15.86	16.4	20.25	15.69	18.14	19.75	19.41	22.53	21.18	14.56	13.89
EBITDA to Interest Expense	2.16	2.14	2.11	1.93	2.43	2.64	2.82	3.18	3.05	3.31	3.54	2.86	2.47	2.75	2.82
EBITDA-CapEx/Interest Expense	-0.45	2.14	2.11	1.93	2.43	2.64	2.82	3.18	3.05	3.31	3.54	2.86	2.47	2.75	2.82
EBIT to Interest Expense	1.37	1.35	1.2	1.22	1.19	1.27	1.36	1.36	1.27	1.38	1.34	1.38	1.36	1.37	1.39
Interest Expense	17	20	24	26	28	26	25	26	28	27	27	32	37	37	42
Common Equity/Total Assets	29.86	21.67	26.52	27.63	28.27	28.16	28.74	26.6	20.02	19.42	17.61	16.95	13.52	15.64	13.78
Long-Term Debt/Equity (%)	210.88	293.54	230.75	211.01	205.56	196	195.62	202.81	275.24	287.48	335.45	355.51	433.15	406.04	472.9
Long-Term Debt/Capital (%)	64.95	70.91	67.06	63.77	63.32	62.75	64.48	62.89	68.87	69.75	74.21	76.16	74.39	80.06	79.53
Long-Term Debt/Total Assets (%)	62.97	63.6	61.2	58.3	58.12	55.2	56.21	54.96	55.88	56.57	59.43	60.81	58.95	63.56	65.19
Total Debt/Equity (%)	224.7	313.97	244.07	230.9	224.62	212.36	203.38	222.49	299.68	312.16	352.01	366.81	482.25	407.15	494.64
Total Debt/Capital (%)	69.2	75.84	70.94	69.78	69.2	67.99	67.04	68.99	74.98	75.74	77.88	78.58	82.83	80.28	83.18
Total Debt/Total Assets (%)	67.1	68.02	64.73	63.8	63.51	59.81	58.44	60.3	60.84	61.42	62.36	62.74	65.64	63.73	68.19
Net Debt to Equity	222.24	309.43	239.4	226.95	222.42	210.41	200.88	219.9	293.67	304.43	345.36	358.57	471.18	398.38	484.41
Net Debt/Capital (%)	68.97	75.58	70.54	69.41	68.98	67.79	66.76	68.74	74.08	74.79	77.08	77.76	82.02	79.56	82.33
EBITDA	37	43	51	50	68	68	69	83	86	89	95	93	92	103	118
EBITDA-CapEx	-8	43	51	50	68	68	69	83	86	89	95	93	92	103	118
Operating Income (Loss)	23	27	29	32	33	33	33	36	36	37	36	45	51	51	58

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.13	0.15	0.25	0.14	0.08	0.08	0.14	0.09	0.09	0.14	0.11	0.15	0.1	0.28	0.16
Current Ratio	0.38	0.44	0.65	0.47	0.38	0.4	0.59	0.26	0.29	0.41	0.29	0.37	0.43	1.1	0.48
Quick Ratio	0.13	0.15	0.25	0.23	0.17	0.08	0.14	0.09	0.09	0.14	0.11	0.15	0.1	0.75	0.16
CFO/Avg Current Liab	1.34	0.76	0.56	0.59	0.51	0.66	0.87	0.93	0.79	0.81	0.92	0.94	0.61	0.71	1.62
Common Equity/Total Assets	29.86	21.67	26.52	27.63	28.27	28.16	28.74	26.6	20.02	19.42	17.61	16.95	13.52	15.64	13.78
Long-Term Debt/Equity (%)	210.88	293.54	230.75	211.01	205.56	196	195.62	202.81	275.24	287.48	335.45	355.51	433.15	406.04	472.9
Long-Term Debt/Capital (%)	64.95	70.91	67.06	63.77	63.32	62.75	64.48	62.89	68.87	69.75	74.21	76.16	74.39	80.06	79.53
Long-Term Debt/Total Assets (%)	62.97	63.6	61.2	58.3	58.12	55.2	56.21	54.96	55.88	56.57	59.43	60.81	58.95	63.56	65.19
Total Debt/Equity (%)	224.7	313.97	244.07	230.9	224.62	212.36	203.38	222.49	299.68	312.16	352.01	366.81	482.25	407.15	494.64
Total Debt/Capital (%)	69.2	75.84	70.94	69.78	69.2	67.99	67.04	68.99	74.98	75.74	77.88	78.58	82.83	80.28	83.18
Total Debt/Total Assets (%)	67.1	68.02	64.73	63.8	63.51	59.81	58.44	60.3	60.84	61.42	62.36	62.74	65.64	63.73	68.19
CFO/Total Liabilities	6.18	5.29	3.92	4.95	5.31	6.73	7.08	8.12	7.27	7.43	7.45	6.94	6.16	6.17	8.2
CFO/CapEx	0.44	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.09	1.98	4.78
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	174.3	184.26	76.41
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.87	0.62	3.42
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	75	584.04	106.6
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	27	4	10
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	27	4	10
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	3	6	9	9	5	5	7	7	7	11	8	12	12	11	11
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	5	3	3	1	2	1	- -	- -
+ Total Debt	304	384	447	503	525	509	543	566	632	674	713	755	744	697	850
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	439	507	630	720	759	749	809	820	843	890	916	960	898	869	1,022
Total Debt/Capital (%)	69.2	75.84	70.94	69.78	69.2	67.99	67.04	68.99	74.98	75.74	77.88	78.58	82.83	80.28	83.18
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	44	51	61	74	84	86	95	107	114	133	138	149	148	149	161
TTM EBITDA	37	43	51	50	68	68	69	83	86	89	95	93	92	103	118
TTM Operating Income	23	27	29	32	33	33	33	36	36	37	36	45	51	51	58
TTM Cash Flow to Firm	37	44	44	- -	60	67	71	82	88	92	97	102	98	94	130
TTM Free Cash Flow to Firm	-8	44	44	- -	60	67	71	82	88	92	97	102	98	94	130

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	11	11	16	20	22	25	28	29	33	35	37	40	40	44	48
Diluted Weighted Avg Shares	10	11	13	18	22	24	26	29	31	34	37	39	40	42	47
Basic Weighted Avg Shares	10	11	13	18	22	24	26	29	31	34	37	39	40	42	47
Revenue per Share	4.3	4.64	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
EBITDA per Share	3.6	3.91	3.82	2.84	3.08	2.83	2.63	2.9	2.81	2.61	2.61	2.39	2.31	2.46	2.54
Operating Income per Share	2.29	2.47	2.18	1.8	1.51	1.36	1.26	1.24	1.17	1.08	0.99	1.15	1.27	1.22	1.26
Basic EPS, GAAP	0.16	-0.03	-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
Basic EPS from Cont Ops	0.56	0.34	0.11	-0.33	0.16	0.16	0.23	0.43	0.31	0.44	0.3	0.28	0.12	0.58	0.41
Diluted EPS, GAAP	0.16	-0.03	-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
Diluted EPS from Cont Ops	0.56	0.34	0.11	-0.33	0.16	0.16	0.23	0.43	0.31	0.44	0.3	0.28	0.12	0.58	0.41
Dividend per Share	1.92	1.86	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
Cash Flow per Share	1.92	2.12	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
Free Cash Flow per Basic Share	-2.43	2.12	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
Cash & Equivalents per Share	0.3	0.5	0.55	0.44	0.23	0.19	0.24	0.23	0.21	0.31	0.21	0.29	0.3	0.25	0.22
Book Value per Share	12.36	11.04	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
Tangible Book Value per Share	8.92	5.87	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