Gladstone Commercial Corporation (GOOD)

Smartsheet 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	956.93	896.11	926.59	1,006	963.95	905.8
Cash & Equivalents	10.38	10.96	11.99	11.65	7.96	11.02
Accounts Receivable	45.58	46.72	42.51	39.98	40.47	38.26
Other Receivables	18.5	18.62	-	-	-	-
Other Intangible Assets	59.38	54.98	62.3	72.09	76.99	81.47
Loans Receivable Current	-	0.09	-	0.18	0.34	0.05
Restricted Cash	4.98	4.12	4.15	4.34	5.22	5.06
Other Current Assets	9.91	9.73	36.3	12.11	7.3	17.64
Trading Asset Securities	5.22	8.97	6.91	12.89	1.17	0.01
Deferred Long-Term Charges	43.29	40.13	38.75	39.54	37.51	35.91
Other Long-Term Assets	6.28	3.93	3.98	3.57	2.46	2.7
Total Assets	1,160	1,094	1,133	1,203	1,143	1,098
Current Portion of Long-Term Debt	17.8	19.93	0.67	0.9	1.22	3.06
Current Portion of Leases	0.46	0.46	-	-	-	-
Long-Term Debt	723.24	673.47	738.86	749.21	707.53	668.69
Long-Term Leases	6.48	3.61	5.09	5.31	5.51	5.69
Accounts Payable	15.77	13.2	13.59	9.61	6.74	4.46
Accrued Expenses	3.38	2.54	2.56	3.36	3.43	2.96
Other Current Liabilities	-	-	0.68	-	-	-
Long-Term Unearned Revenue	22.26	22	29.32	40.03	26.77	20.7
Other Long-Term Liabilities	17.67	17.81	18.4	18.48	19.34	17.04
Total Liabilities	807.05	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	811.92	784.39	730.26	721.33	671.13	626.53
Distributions in Excess of Earnings	-635.39	-623.91	-584.78	-529.1	-468.52	-409.04
Comprehensive Income & Other	6.65	10.65	7.76	11.64	-1.35	-4.35
Total Common Equity	183.22	171.17	153.28	203.9	201.3	213.18
Minority Interest	0.14	0.13	0.99	1.79	1.26	2.85
Shareholders' Equity	353.39	341.34	324.31	375.75	372.82	375.32
Total Liabilities & Equity	1,160	1,094	1,133	1,203	1,143	1,098
Total Debt	747.98	697.47	744.62	755.41	714.25	677.43
Net Cash (Debt)	-732.38	-677.55	-725.73	-730.87	-705.13	-666.41
Net Cash Per Share	-17.06	-16.22	-18.17	-18.76	-19.30	-19.58
Filing Date Shares Outstanding	46.28	44.19	40	39.99	37.8	35.73
Total Common Shares Outstanding	45.76	43.99	40	39.74	37.47	35.33
Book Value Per Share	4.00	3.89	3.83	5.13	5.37	6.03
Tangible Book Value	123.84	116.19	90.98	131.82	124.31	131.71
Tangible Book Value Per Share	2.71	2.64	2.27	3.32	3.32	3.73
Land	145.31	139.74	143.44	152.92	149.77	142.85
Buildings	1,079	1,018	1,021	1,069	1,004	916.6

Updated May 7, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q