Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Property, Plant & Equipment	904.58	926.59	1,006	963.95	905.8	855.25
Cash & Equivalents	10.53	11.99	11.65	7.96	11.02	6.85
Accounts Receivable	44.86	42.51	39.98	40.47	38.26	37.18
Other Intangible Assets	56.54	62.3	72.09	76.99	81.47	80.91
Loans Receivable Current	-	-	0.18	0.34	0.05	-
Restricted Cash	4	4.15	4.34	5.22	5.06	4.64
Other Current Assets	22.64	36.3	12.11	7.3	17.64	11.22
Trading Asset Securities	3.86	6.91	12.89	1.17	0.01	0.25
Deferred Long-Term Charges	41.26	38.75	39.54	37.51	35.91	34.55
Other Long-Term Assets	8.05	3.98	3.57	2.46	2.7	8.66
Total Assets	1,096	1,133	1,203	1,143	1,098	1,040
Current Portion of Long-Term Debt	4.57	25.75	0.9	1.22	3.06	1.17
Current Portion of Leases	0.12	0.49	-	-	-	-
Long-Term Debt	690.26	713.78	749.21	707.53	668.69	626.59
Long-Term Leases	4.01	4.6	5.31	5.51	5.69	5.85
Accounts Payable	15.67	13.59	9.61	6.74	4.46	5.57
Accrued Expenses	3.06	2.56	3.36	3.43	2.96	2.9
Other Current Liabilities	0.17	0.68	-	-	-	0.02
Long-Term Unearned Revenue	23.6	29.72	40.03	26.77	20.7	19.51
Other Long-Term Liabilities	15.78	18	18.48	19.34	17.04	14.7
Total Liabilities	757.23	809.16	826.88	770.53	722.59	676.32
Preferred Stock, Redeemable	170.04	170.04	170.06	170.26	159.29	152.15
Common Stock	0.04	0.04	0.04	0.04	0.04	0.03
Additional Paid-In Capital	780.21	730.26	721.33	671.13	626.53	571.21
Distributions in Excess of Earnings	-614.7	-584.78	-529.1	-468.52	-409.04	-360.98
Comprehensive Income & Other	3.37	7.76	11.64	-1.35	-4.35	-2.13
Total Common Equity	168.92	153.28	203.9	201.3	213.18	208.13
Minority Interest	0.13	0.99	1.79	1.26	2.85	2.9
Shareholders' Equity	339.09	324.31	375.75	372.82	375.32	363.19
Total Liabilities & Equity	1,096	1,133	1,203	1,143	1,098	1,040
Total Debt	698.96	744.62	755.41	714.25	677.43	633.61
Net Cash / Debt	-684.56	-725.73	-730.87	-705.13	-666.41	-626.52
Net Cash Per Share	-16.79	-18.17	-18.76	-19.30	-19.58	-20.41
Filing Date Shares Outstanding	43.92	40	39.99	37.8	35.73	33.93
Total Common Shares Outstanding	43.73	40	39.74	37.47	35.33	32.59
Book Value Per Share	3.86	3.83	5.13	5.37	6.03	6.39
Tangible Book Value	112.38	90.98	131.82	124.31	131.71	127.22
Tangible Book Value Per Share	2.57	2.27	3.32	3.32	3.73	3.90
Land	139.92	143.44	152.92	149.77	142.85	137.53
Buildings	1,019	1,021	1,069	1,004	916.6	851.25

Source: S&P Capital IQ. Real Estate template. Financial Sources.