Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Balance Sheet

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
Property, Plant & Equipment	1,015	896.11	926.59	1,006	963.95	905.8
Cash & Equivalents	11.66	10.96	11.99	11.65	7.96	11.02
Accounts Receivable	46.35	46.72	42.51	39.98	40.47	38.26
Other Receivables	-	18.62	-	-	-	-
Other Intangible Assets	65.49	54.98	62.3	72.09	76.99	81.47
Loans Receivable Current	0.09	0.09	-	0.18	0.34	0.05
Restricted Cash	4.24	4.12	4.15	4.34	5.22	5.06
Other Current Assets	8.53	9.73	36.3	12.11	7.3	17.64
Trading Asset Securities	3.74	8.97	6.91	12.89	1.17	0.01
Deferred Long-Term Charges	48.75	40.13	38.75	39.54	37.51	35.91
Other Long-Term Assets	6.56	3.93	3.98	3.57	2.46	2.7
Total Assets	1,210	1,094	1,133	1,203	1,143	1,098
Current Portion of Long-Term Debt	9.09	19.93	0.67	0.9	1.22	3.06
Current Portion of Leases	0.31	0.46	-	-	-	-
Long-Term Debt	786.46	673.47	738.86	749.21	707.53	668.69
Long-Term Leases	6.58	3.61	5.09	5.31	5.51	5.69
Accounts Payable	19.95	13.2	13.59	9.61	6.74	4.46
Accrued Expenses	3.01	2.54	2.56	3.36	3.43	2.96
Other Current Liabilities	-	-	0.68	-	-	-
Long-Term Unearned Revenue	20.62	22	29.32	40.03	26.77	20.7
Other Long-Term Liabilities	16.62	17.81	18.4	18.48	19.34	17.04
Total Liabilities	862.63	753.01	809.16	826.88	770.53	722.59
Preferred Stock, Redeemable	170.04	170.04	170.04	170.06	170.26	159.29
Common Stock	0.05	0.05	0.04	0.04	0.04	0.04
Additional Paid-In Capital	820.63	784.39	730.26	721.33	671.13	626.53
Distributions in Excess of Earnings	-647.79	-623.91	-584.78	-529.1	-468.52	-409.04
Comprehensive Income & Other	4.3	10.65	7.76	11.64	-1.35	-4.35
Total Common Equity	177.19	171.17	153.28	203.9	201.3	213.18
Minority Interest	0.13	0.13	0.99	1.79	1.26	2.85
Shareholders' Equity	347.36	341.34	324.31	375.75	372.82	375.32
Total Liabilities & Equity	1,210	1,094	1,133	1,203	1,143	1,098
Total Debt	802.44	697.47	744.62	755.41	714.25	677.43
Net Cash (Debt)	-787.03	-677.55	-725.73	-730.87	-705.13	-666.41
Net Cash Per Share	-17.73	-16.22	-18.17	-18.76	-19.30	-19.58
Filing Date Shares Outstanding	46.56	44.19	40	39.99	37.8	35.73
Total Common Shares Outstanding	46.51	43.99	40	39.74	37.47	35.33
Book Value Per Share	3.81	3.89	3.83	5.13	5.37	6.03
Tangible Book Value	111.7	116.19	90.98	131.82	124.31	131.71
Tangible Book Value Per Share	2.40	2.64	2.27	3.32	3.32	3.73
Land	149.99	139.74	143.44	152.92	149.77	142.85
Buildings	1,142	1,018	1,021	1,069	1,004	916.6

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q