Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	21.13	19.29	24.04	4.92	10.78	10.9
Depreciation & Amortization	59.8	58.25	55.79	57.86	60.15	59.15
Other Adjustments	13.3	14.59	-12.35	5.64	1.48	-0.35
Changes in Accounts Payable	2.13	0.8	-0.04	-0.01	1.6	2.83
Changes in Accrued Expenses	-0.53	0.68	-0.02	-0.8	-0.08	0.47
Changes in Other Operating Activities	-7.46	-5.59	-10.03	-4.71	-4.77	-2.87
Operating Cash Flow	88.38	88.15	56.95	60.37	69.18	70.13
Operating Cash Flow Growth	48.25%	54.78%	-5.66%	-12.73%	-1.35%	7.07%
Capital Expenditures	-154.51	-228.88	-40.15	-36.69	-119.79	-105.5
Sale of Property, Plant & Equipment	9.61	7.64	37.64	37.01	39.5	8.84
Other Investing Activities	3.02	-0.14	0.79	0.82	-2.22	1.88
Investing Cash Flow	-144.58	-221.38	-1.73	1.14	-82.51	-94.78
Short-Term Debt Issued	199.4	265.6	83.4	123.6	111.75	69.9
Short-Term Debt Repaid	-216.43	-230.13	-157.25	-71.1	-122.05	-90.25
Net Short-Term Debt Issued (Repaid)	-17.03	35.47	-73.85	52.5	-10.3	-20.35
Long-Term Debt Issued	93.33	223.57	75	9	212.91	65
Long-Term Debt Repaid	-21.88	-93.26	-61.56	-70.08	-158.74	-28.47
Net Long-Term Debt Issued (Repaid)	71.45	130.31	13.44	-61.08	54.17	36.53
Issuance of Common Stock	33.8	62.18	55.43	10.23	49.68	144.68
Repurchase of Common Stock	-	-	-	-1.05	-0.18	-87.74
Net Common Stock Issued (Repurchased)	33.8	62.18	55.43	9.18	49.5	56.94
Repurchase of Preferred Stock	-4.31	-4.5	-1.71	-0.5	-0.18	21.5
Net Preferred Stock Issued (Repurchased)	-4.31	-4.5	-1.71	-0.5	-0.18	21.5
Common Dividends Paid	-69.28	-68.17	-62.79	-60.62	-71.09	-67.59
Other Financing Activities	-5.36	-5.31	-2.04	-0.83	-5.94	-5.27
Financing Cash Flow	54.38	134.74	-71.53	-61.36	16.15	21.75
Net Cash Flow	-3.06	1.52	-1.06	0.14	2.81	-2.9
Free Cash Flow	-66.13	-140.73	16.8	23.68	-50.62	-35.38
Free Cash Flow Growth	-	-	-29.04%	-	-	-
FCF Margin	-39.90%	-87.23%	11.25%	16.04%	-33.97%	-25.69%
Free Cash Flow Per Share	-1.38	-3.00	0.40	0.59	-1.32	-0.94
Levered Free Cash Flow	-37.63	-2.37	-43.74	-0.68	-20.54	-33.13
Unlevered Free Cash Flow	7.42	-56.55	114.73	124.27	42.1	49.28

Updated May 5, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q