Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	896.11	926.59	1,006	963.95	905.8
Cash & Equivalents	10.96	11.99	11.65	7.96	11.02
Accounts Receivable	46.72	42.51	39.98	40.47	38.26
Other Receivables	18.62	-	-	-	-
Other Intangible Assets	54.98	62.3	72.09	76.99	81.47
Loans Receivable Current	0.09	-	0.18	0.34	0.05
Restricted Cash	4.12	4.15	4.34	5.22	5.06
Other Current Assets	9.73	36.3	12.11	7.3	17.64
Trading Asset Securities	8.97	6.91	12.89	1.17	0.01
Deferred Long-Term Charges	40.13	38.75	39.54	37.51	35.91
Other Long-Term Assets	3.93	3.98	3.57	2.46	2.7
Total Assets	1,094	1,133	1,203	1,143	1,098
Current Portion of Long-Term Debt	19.93	0.67	0.9	1.22	3.06
Current Portion of Leases	0.46	-	-	-	-
Long-Term Debt	673.47	738.86	749.21	707.53	668.69
Long-Term Leases	3.61	5.09	5.31	5.51	5.69
Accounts Payable	13.2	13.59	9.61	6.74	4.46
Accrued Expenses	2.54	2.56	3.36	3.43	2.96
Other Current Liabilities	-	0.68	-	-	-
Long-Term Unearned Revenue	22	29.32	40.03	26.77	20.7
Other Long-Term Liabilities	17.81	18.4	18.48	19.34	17.04
Total Liabilities	753.01	809.16	826.88	770.53	722.59
Preferred Stock, Redeemable	170.04	170.04	170.06	170.26	159.29
Common Stock	0.05	0.04	0.04	0.04	0.04
Additional Paid-In Capital	784.39	730.26	721.33	671.13	626.53
Distributions in Excess of Earnings	-623.91	-584.78	-529.1	-468.52	-409.04
Comprehensive Income & Other	10.65	7.76	11.64	-1.35	-4.35
Total Common Equity	171.17	153.28	203.9	201.3	213.18
Minority Interest	0.13	0.99	1.79	1.26	2.85
Shareholders' Equity	341.34	324.31	375.75	372.82	375.32
Total Liabilities & Equity	1,094	1,133	1,203	1,143	1,098
Total Debt	697.47	744.62	755.41	714.25	677.43
Net Cash / Debt	-677.55	-725.73	-730.87	-705.13	-666.41
Net Cash Per Share	-16.22	-18.17	-18.76	-19.30	-19.58
Filing Date Shares Outstanding	44.19	40	39.99	37.8	35.73
Total Common Shares Outstanding	43.99	40	39.74	37.47	35.33
Book Value Per Share	3.89	3.83	5.13	5.37	6.03
Tangible Book Value	116.19	90.98	131.82	124.31	131.71
Tangible Book Value Per Share	2.64	2.27	3.32	3.32	3.73
Land	139.74	143.44	152.92	149.77	142.85
Buildings	1,018	1,021	1,069	1,004	916.6

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q