Gladstone Commercial Corporation (LON:0IVQ)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	153.64	149.39	147.58	148.98	137.69	133.15
Total Revenue	153.64	149.39	147.58	148.98	137.69	133.15
Revenue Growth (YoY	5.85%	1.22%	-0.94%	8.20%	3.41%	16.41%
Property Expenses	34.15	31.53	32.24	33.16	32.98	31.65
Selling, General & Administrative	8.09	8.67	6.71	10.84	9.51	9.16
Depreciation & Amortization	53.94	55.79	57.86	60.15	59.15	55.42
Total Operating Expenses	96.18	95.99	96.81	104.16	101.64	96.23
Operating Income	57.46	53.4	50.78	44.83	36.05	36.92
Interest Expense	-37.63	-37.4	-37.33	-32.46	-26.89	-26.8
Other Non-Operating Income	0.33	0.33	0.2	0.45	0.48	0.4
EBT Excluding Unusual Items	20.66	16.33	13.65	12.82	9.64	10.51
Gain (Loss) on Sale of Assets	14.37	14.23	7.74	10.05	-1.15	8.1
Asset Writedown	-6.34	-6.82	-19.3	-12.09	-	-3.62
Total Legal Settlements	-	-	-	-	2.4	-
Other Unusual Items	-	0.3	2.83	-	-	-
Pretax Income	28.69	24.04	4.92	10.78	10.9	14.99
Earnings From Continuing Operations	28.69	24.04	4.92	10.78	10.9	14.99
Minority Interest in Earnings	-0.05	-0.04	0.06	0.02	0.04	-0.05
Net Income	28.63	24	4.99	10.81	10.94	14.94
Preferred Dividends & Other Adjustments	12.82	12.87	12.72	12.33	14.33	11.79
Net Income to Common	15.81	11.12	-7.74	-1.53	-3.39	3.15
Net Income Growth	149.90%	381.40%	-53.86%	-1.19%	-26.80%	55.15%
Basic Shares Outstanding	44	42	40	39	37	34
Diluted Shares Outstanding	44	42	40	39	37	34
Shares Change (YoY)	10.86%	4.56%	2.55%	6.60%	7.34%	10.90%
EPS (Basic)	0.36	0.27	-0.19	-0.04	-0.09	0.09
EPS (Diluted)	0.36	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	37.40%	35.75%	34.41%	30.09%	26.18%	27.73%
Profit Margin	10.29%	7.45%	-5.24%	-1.03%	-2.46%	2.37%
EBITDA	105.3	102.51	101.3	100.86	92.02	90.51
EBITDA Margin	68.54%	68.62%	68.64%	67.70%	66.83%	67.97%
D&A For Ebitda	47.84	49.11	50.53	56.04	55.97	53.59
EBIT	57.46	53.4	50.78	44.83	36.05	36.92
EBIT Margin	37.40%	35.75%	34.41%	30.09%	26.18%	27.73%
Funds From Operations (FFO)	61.77	59.25	58.78	-	-	-
FFO Per Share	1.39	1.41	1.46	-	-	-
Adjusted Funds From Operations (AFFO)	-	59.25	58.78	-	-	-
AFFO Per Share	-	1.40	1.45	-	-	-
Revenue as Reported	153.64	149.39	147.58	148.98	137.69	133.15

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.