Gladstone Commercial Corporation (GOODO) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1521 WESTBRANCH DRIVE MCLEAN, VA 22102 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6519 - Lessors of Real Property, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,956 | 11,985 | 11,653 | 7,956 | 11,016 | 6,849 | |||
| Cash and cash equivalent | 10,956 | 11,985 | 11,653 | 7,956 | 11,016 | 6,849 | |||
| Total current assets: | 10,956 | 11,985 | 11,653 | 7,956 | 11,016 | 6,849 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | |||||||||
| Operating lease, right-of-use asset | 3,961 | 4,889 | 5,131 | 5,361 | 5,582 | 5,794 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 139,743 | 143,442 | 152,916 | 149,773 | 142,853 | 137,532 | |||
| Intangible asset, including goodwill, after accumulated amortization | 95,107 | 101,048 | 111,622 | 114,494 | 117,379 | 115,465 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 95,107 | 101,048 | 111,622 | 114,494 | 117,379 | 115,465 | |||
| Total noncurrent assets: | 238,811 | 249,379 | 269,669 | 269,628 | 265,814 | 258,791 | |||
| Other undisclosed assets | 844,581 | 872,107 | 920,187 | 865,768 | 821,078 | 773,868 | |||
| TOTAL ASSETS: | 1,094,348 | 1,133,471 | 1,201,509 | 1,143,352 | 1,097,908 | 1,039,508 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 343,537 | 295,853 | 359,389 | 449,944 | 456,177 | 575,015 | |||
| Long-term debt, excluding current maturities | 343,537 | 295,853 | 359,389 | 449,944 | 456,177 | 575,015 | |||
| Total noncurrent liabilities: | 343,537 | 295,853 | 359,389 | 449,944 | 456,177 | 575,015 | |||
| Other undisclosed liabilities | 409,469 | 513,311 | 467,494 | 320,585 | 266,408 | 101,303 | |||
| Total liabilities: | 753,006 | 809,164 | 826,883 | 770,529 | 722,585 | 676,318 | |||
| Temporary equity, including noncontrolling interest | 170,041 | 170,041 | 170,056 | 170,261 | 159,286 | 152,153 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 171,171 | 153,280 | 202,780 | 201,303 | 213,183 | 208,134 | |||
| Preferred stock | 1 | 1 | 1 | ||||||
| Common stock | 44 | 40 | 39 | 37 | 35 | 32 | |||
| Additional paid in capital | 784,389 | 730,256 | 721,327 | 671,134 | 626,533 | 571,205 | |||
| Accumulated other comprehensive income (loss) | 10,648 | 7,758 | 11,640 | (1,346) | (4,345) | (2,126) | |||
| Other undisclosed equity, attributable to parent | (623,911) | (584,775) | (530,227) | (468,522) | (409,040) | (360,977) | |||
| Equity, attributable to noncontrolling interest | 130 | 986 | 1,790 | 1,259 | 2,854 | 2,903 | |||
| Total equity: | 171,301 | 154,266 | 204,570 | 202,562 | 216,037 | 211,037 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,094,348 | 1,133,471 | 1,201,509 | 1,143,352 | 1,097,908 | 1,039,508 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 149,388 | 147,584 | 148,981 | 137,688 | 133,152 | 114,387 | ||
| Gross profit: | 149,388 | 147,584 | 148,981 | 137,688 | 133,152 | 114,387 | ||
| Operating expenses | (102,808) | (116,103) | (117,758) | (102,800) | (99,855) | (80,231) | ||
| Operating income: | 46,580 | 31,481 | 31,223 | 34,888 | 33,297 | 34,156 | ||
| Nonoperating expense | (22,540) | (26,559) | (21,951) | (25,155) | (18,312) | (24,615) | ||
| Interest and debt expense | 300 | 2,830 | (32,457) | (26,887) | (26,803) | (28,279) | ||
| Income (loss) from continuing operations: | 24,340 | 7,752 | (23,185) | (17,154) | (11,818) | (18,738) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (17,154) | (11,818) | (18,738) | |
| Other undisclosed net income (loss) | (300) | (2,830) | 32,457 | 26,887 | 26,803 | 28,279 | ||
| Net income: | 24,040 | 4,922 | 9,272 | 9,733 | 14,985 | 9,541 | ||
| Net income (loss) attributable to noncontrolling interest | (42) | 63 | 23 | 40 | (47) | 87 | ||
| Net income attributable to parent: | 23,998 | 4,985 | 9,295 | 9,773 | 14,938 | 9,628 | ||
| Preferred stock dividends and other adjustments | (12,440) | (12,282) | (11,866) | (11,488) | (10,973) | (10,822) | ||
| Other undisclosed net loss available to common stockholders, basic | (434) | (441) | (468) | (2,839) | (816) | (3,566) | ||
| Net income (loss) available to common stockholders, diluted: | 11,124 | (7,738) | (3,039) | (4,554) | 3,149 | (4,760) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 24,040 | 4,922 | 9,272 | 9,733 | 14,985 | 9,541 | ||
| Other comprehensive income (loss) | 2,702 | (4,853) | 12,115 | 2,854 | (2,219) | (1,978) | ||
| Comprehensive income: | 26,742 | 69 | 21,387 | 12,587 | 12,766 | 7,563 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (42) | 63 | 23 | 40 | (47) | 87 | ||
| Comprehensive income, net of tax, attributable to parent: | 26,700 | 132 | 21,410 | 12,627 | 12,719 | 7,650 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.