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Gladstone Commercial Corporation

Gladstone Commercial Corporation

GOOD · NASDAQ · Real Estate / REIT - Diversified

9.97USD+0.12 (+1.22%)

Price History

Full chart

Market Stats

Previous Close9.85
Open9.91
Day Range9.69 – 9.99
52-Week Range9.59 – 13.16
Volume907.50K
Market Cap610.32M
P/E (TTM)50.00
Forward P/E60.98
EPS0.25
Dividend Yield9.55%
Beta1.07
50-Day Avg12.87
200-Day Avg12.20

About

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. Gladstone Commercial Corporation was established on February 14, 2003 and incorporated in Maryland and is based in McLean, Virginia.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Arthur S. Cooper
  • Employees0
  • Headquarters1521 Westbranch Drive, McLean, VA, United States, 22102-3211, USA
  • Websitehttps://www.gladstonecommercial.com

Leadership

  • Mr. David John GladstoneFounder & Chairman · b. 1942
  • Ms. Paula NovaraHead of Resource Management & Director · b. 1970
  • Mr. Arthur S. CooperCEO & President · b. 1957
  • Mr. Gary Gerson CFAExecutive VP, CFO & Assistant Treasurer · b. 1964
  • Mr. John SateriChief Investment Officer
  • Mr. Michael Bernard LiCalsi Esq., J.D.Chief Administrative Officer, Co-General Counsel & Co-Secretary · b. 1970
  • Ms. Catherine GerkisDirector of Investor Relations & ESG
  • Mr. Ryan Carter CPAExecutive VP and Head of West & Midwest Region
  • Mr. Todd Alan McDonaldMD & Head of South Central Region
  • Mr. Jay Beckhorn CPAExecutive VP & Treasurer · b. 1962

Financials

Income Statement

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue316.28K4.31M13.46M25.95M32.79M40.91M42.61M41.93M43.98M51.27M61.34M73.76M83.77M86.37M94.80M106.80M114.39M133.15M137.69M148.98M147.58M149.39M161.34M
Growth (%)-+1263.36%+212.27%+92.69%+26.39%+24.75%+4.15%-1.60%+4.88%+16.59%+19.65%+20.24%+13.57%+3.11%+9.76%+12.66%+7.11%+16.40%+3.41%+8.20%-0.94%+1.22%+8.00%
Cost of Revenue551.00K3.30M6.32M13.75M15.82M19.39M915.12K2.17M986.00K4.00M6.13M7.51M8.77M9.82M7.69M16.51M17.77M31.65M32.98M33.16M32.24M31.53M151.76M
Gross Profit316.28K4.31M13.46M25.95M32.79M39.93M41.69M39.76M42.99M49.68M55.21M66.25M78.47M80.48M87.11M95.34M96.62M101.50M104.71M115.82M115.35M117.86M9.58M
Gross Margin100.00%100.00%100.00%100.00%100.00%97.61%97.85%94.82%97.76%96.90%90.01%89.82%93.68%93.18%91.89%89.27%84.47%76.23%76.05%77.74%78.16%78.89%5.94%
Operating Expense861.28K3.30M7.34M14.07M15.82M18.41M37.31M21.25M19.58M23.31M25.93M6.79M44.42M47.43M53.81M59.68M60.65M64.58M68.67M70.99M64.57M66.72M-50.38M
Operating Income-545.00K1.01M6.12M11.88M16.97M21.52M4.39M18.51M23.41M26.38M29.29M59.45M34.05M33.05M33.30M35.66M35.97M36.92M36.03M44.83M50.78M51.14M59.96M
Operating Margin-172.32%23.40%45.45%45.78%51.75%52.60%10.30%44.15%53.22%51.44%47.74%80.61%40.64%38.27%35.12%33.39%31.45%27.73%26.17%30.09%34.41%34.23%37.16%
EBITDA-235.00K1.98M10.42M20.18M27.50M34.15M35.24M35.26M36.94M40.82M48.70M49.16M66.90M67.38M73.30M83.28M89.91M97.26M96.97M103.42M100.14M117.23M119.44M
EBITDA Margin-74.30%45.99%77.40%77.76%83.86%83.47%82.71%84.08%84.00%79.61%79.40%66.65%79.86%78.01%77.32%77.98%78.60%73.05%70.43%69.42%67.85%78.47%74.03%
Net Income-241.00K1.62M3.60M4.37M6.14M4.91M4.60M4.93M5.71M3.76M-2.87M-5.90M3.60M3.96M5.94M12.32M9.63M14.94M10.94M10.80M4.99M24.00M19.29M
Net Income Margin-76.20%37.66%26.75%16.85%18.72%12.01%10.80%11.75%12.99%7.34%-4.67%-8.00%4.29%4.58%6.26%11.54%8.42%11.22%7.94%7.25%3.38%16.06%11.96%
R&D--------000000.20.060.120.080.110.070.070.03--
R&D as % of Total Revenue--------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense002.45M9.10M11.56M16.86M17.89M17.06M17.08M20.23M24.35M26.20M28.01M25.90M24.57M26.17M28.28M26.80M26.89M32.46M37.33M37.40M41.90M
Interest Expense % of Total Revenue0.00%0.00%18.18%35.09%35.27%41.21%42.00%40.70%38.83%39.45%39.70%35.52%33.44%29.99%25.92%24.51%24.72%20.13%19.53%21.79%25.29%25.03%25.97%

Balance Sheet

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets105.06M105.59M207.05M315.77M378.90M429.10M416.87M410.61M453.15M564.78M690.52M787.79M833.32M851.74M928.45M938.77M1.04B1.10B1.14B1.20B1.13B1.09B1.25B
Total Liabilities310.71K2.90M108.10M163.54M236.53M298.60M298.41M299.23M317.83M442.41M507.38M570.12M599.45M611.87M661.66M684.36M828.47M881.87M940.79M996.94M979.21M923.05M905.00M
Total Equity104.75M102.69M98.95M152.22M142.37M130.50M118.45M111.37M135.31M122.36M183.15M217.67M233.87M239.88M266.80M249.74M208.13M213.18M201.30M203.90M153.28M171.17M341.81M
Cash99.08M29.15M1.74M36.01M1.36M4.50M3.10M7.06M3.33M5.55M8.55M8.60M5.15M4.66M6.68M6.59M6.85M11.02M7.96M11.65M11.98M10.96M10.81M
Total Debt--105.12M154.49M453.04M286.61M286.21M287.87M304.05M384.19M447.00M502.60M531.07M509.39M542.63M566.06M632.44M674.38M713.03M754.51M743.95M697.45M856.39M
Net Debt-99.08M-29.15M103.38M118.49M451.68M282.11M283.11M280.81M300.72M378.64M438.46M494.00M525.92M504.74M535.94M559.47M625.59M663.36M705.08M742.86M731.97M686.49M845.58M

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-192.18K2.95M7.56M12.02M16.10M17.58M17.01M18.11M19.66M23.41M19.89M28.20M31.49M41.16M46.84M55.60M60.19M65.49M70.13M69.18M60.37M56.95M88.15M
Investing Cash Flow-5.80M-70.03M-129.19M-47.66M-107.63M-50.77M-834.92K8.04M-46.01M-91.98M-137.06M-130.44M-74.48M-58.67M-99.23M-34.44M-132.04M-100.26M-94.78M-82.51M1.24M-1.73M-221.38M
Financing Cash Flow105.07M-2.84M94.62M69.91M56.88M36.34M-17.59M-22.18M22.61M70.80M120.17M102.30M39.55M17.02M54.41M-21.16M74.25M39.35M21.75M16.15M-61.47M-56.29M134.74M
Capital Expenditure5.80M58.88M117.53M48.34M105.60M49.36M1.58M2.43M44.53M87.80M133.64M116.35M76.00M64.01M97.55M32.26M127.16M134.29M105.50M119.79M6.67M12.80M20.98M
Free Cash Flow-5.99M-55.93M-109.97M-36.32M-89.50M-31.78M15.43M15.69M-24.87M-64.39M19.89M-88.15M-44.52M-22.85M-50.70M23.34M60.19M65.49M70.13M69.18M53.69M44.16M67.17M
Dividends Paid-2.83M8.28M13.47M16.43M16.94M16.94M16.98M19.61M20.61M23.94M30.36M36.87M42.49M50.41M54.38M58.89M63.76M67.59M71.09M60.62M62.79M68.17M
FCF to OCF3117.99%-1895.88%-1455.04%-302.03%-556.07%-180.85%90.70%86.61%-126.48%-275.12%100.00%-312.63%-141.38%-55.52%-108.24%41.98%100.00%100.00%100.00%100.00%88.94%77.53%76.20%
Dividend Paid to FCF--5.06%-7.53%-37.09%-18.35%-53.30%109.76%108.23%-78.85%-32.01%120.39%-34.44%-82.82%-185.94%-99.42%232.96%97.83%97.35%96.39%102.77%112.90%142.20%101.49%

Earnings

Report DateDec 2, 2003Mar 8, 2004May 10, 2004Aug 4, 2004Nov 3, 2004Mar 8, 2005May 4, 2005Aug 2, 2005Oct 31, 2005Feb 28, 2006May 2, 2006Aug 8, 2006Oct 31, 2006Feb 27, 2007May 1, 2007Jul 31, 2007Oct 30, 2007Feb 27, 2008May 6, 2008Aug 5, 2008Nov 5, 2008Feb 25, 2009May 4, 2009Jul 30, 2009Nov 4, 2009Feb 24, 2010May 3, 2010Aug 3, 2010Nov 1, 2010Mar 8, 2011May 2, 2011Aug 2, 2011Nov 1, 2011Feb 28, 2012Apr 30, 2012Jul 31, 2012Nov 1, 2012Feb 19, 2013Apr 29, 2013Jul 30, 2013Nov 4, 2013Feb 18, 2014Apr 28, 2014Jul 29, 2014Oct 29, 2014Feb 18, 2015May 4, 2015Aug 3, 2015Oct 27, 2015Feb 17, 2016Apr 27, 2016Jul 25, 2016Oct 31, 2016Feb 15, 2017May 2, 2017Jul 31, 2017Oct 31, 2017Feb 14, 2018May 1, 2018Jul 30, 2018Oct 30, 2018Feb 13, 2019Apr 30, 2019Jul 30, 2019Oct 30, 2019Feb 12, 2020Apr 28, 2020Jul 27, 2020Nov 5, 2020Feb 16, 2021May 10, 2021Aug 9, 2021Nov 1, 2021Feb 15, 2022May 4, 2022Aug 1, 2022Nov 7, 2022Feb 22, 2023May 3, 2023Aug 8, 2023Nov 6, 2023Feb 21, 2024May 6, 2024Aug 6, 2024Nov 4, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 3, 2025Feb 18, 2026May 5, 2026Aug 5, 2026Nov 2, 2026
EPS Estimate-0.01-0.090.050.090.15-0.130.14-0.080.090.120.110.080.060.040.050.020.030.410.010.020.010.020.010.030.020.030.010.090.060.100.080.050.040.02-0.06-0.06-0.040.02-0.05-0.04-0.04-0.02-0.02--0.010.02-0.02-0.01-0.02-0.02-0.03-0.03-0.010.02-0.02-0.040.40-0.03-0.020.07-0.04-0.01-0.03-0.020.400.390.05-0.01-0.06-0.01-0.010.010.000.17-0.01-0.02-0.03-0.020.02-0.010.01-0.050.040.050.060.040.360.070.350.34
EPS Actual-0.03-0.04-0.030.020.090.130.070.150.110.140.060.040.160.000.050.060.070.050.050.020.010.010.010.010.030.010.01-0.000.12-0.030.050.040.070.010.02-0.02-0.01-0.04-0.06-0.05-0.06-0.05-0.04-0.07-0.050.25-0.03-0.04-0.060.06-0.02-0.03-0.10-0.010.22-0.07-0.01-0.150.06-0.01-0.01-0.010.06-0.02-0.02-0.12-0.02-0.010.030.18-0.08-0.080.04-0.000.01-0.040.03-0.03-0.02-0.02-0.040.030.01-0.040.180.050.040.020.040.370.050.38-
Surprise-200.00%--133.33%-60.00%0.00%-13.33%-15.38%-21.43%--25.00%-55.56%33.33%-97.45%-37.50%0.00%75.00%0.00%150.00%-33.33%-97.56%0.00%-50.00%0.00%50.00%0.00%-66.67%-110.00%300.00%-400.00%-44.44%-33.33%-30.00%-87.50%-60.00%-150.00%-150.00%33.33%0.00%-25.00%-400.00%0.00%0.00%-75.00%-150.00%1350.00%--300.00%-400.00%400.00%-100.00%-50.00%-400.00%66.67%833.33%-600.00%-150.00%-650.00%250.00%-102.51%66.67%50.00%-14.29%50.00%-100.00%-300.00%0.00%-102.51%-92.37%260.00%-700.00%-33.33%500.00%98.00%0.00%-1700.00%-82.35%-200.00%0.00%33.33%-100.00%50.00%200.00%-500.00%460.00%7.11%-20.00%-66.67%0.00%2.78%-28.57%8.57%-
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Key Statistics & Ratios

Market Cap610.32M
Enterprise Value1.47B
Trailing P/E50.00
Forward P/E60.98
PEG Ratio39.84
Price / Sales3.59
Price / Book3.93
EPS0.25
Book Value3.25
Revenue (TTM)170.20M
Gross Profit (TTM)134.63M
EBITDA121.44M
Profit Margin14.54%
Operating Margin40.36%
Return on Equity7.34%
Return on Assets3.38%
Shares Outstanding48.41M
Shares Float47.78M
Beta1.07
Dividend Yield9.55%
Dividend Rate1.20
Payout Ratio47.62%

Analyst Ratings

Buy
Based on 5 analystsTarget 14.13
  • Strong Buy
    1
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
56.27%
Insiders
1.27%
Retail / Other
42.46%

Top Institutional Holders

  • BlackRock Inc
    4.34M8.96%
  • Vanguard Portfolio Management, LLC
    2.54M5.24%
  • Vanguard Capital Management, LLC
    2.08M4.29%
  • State Street Corp
    1.52M3.14%
  • Geode Capital Management, LLC
    1.37M2.83%
  • Renaissance Technologies Corp
    1.17M2.42%
  • Amvescap Plc.
    1.01M2.09%
  • The Goldman Sachs Group Inc
    785.98K1.62%
  • Charles Schwab Investment Management Inc
    737.99K1.52%
  • Dimensional Fund Advisors, Inc.
    666.88K1.38%
  • Qube Research & Technologies
    561.88K1.16%
  • Northern Trust Corp
    448.26K0.93%
  • AQR Capital Management LLC
    447.56K0.92%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    1.82M3.76%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.54M3.19%
  • iShares Russell 2000 ETF
    1.26M2.61%
  • Invesco KBW Premium Yield Eq REIT ETF
    1.17M2.42%
  • Global X SuperDividend™ ETF
    980.78K2.03%
  • Global X SuperDividend ETF USD Cap
    792.82K1.64%
  • Fidelity Small Cap Index
    565.57K1.17%

Dividends

202610×
0.10Oct 23, 20260.10Sep 21, 20260.10Aug 18, 20260.10Jul 24, 20260.10Jun 23, 20260.10May 20, 20260.10Apr 24, 20260.10Mar 23, 20260.10Feb 18, 20260.10Jan 23, 2026
202512×
0.10Dec 22, 20250.10Nov 17, 20250.10Oct 24, 20250.10Sep 22, 20250.10Aug 20, 20250.10Jul 21, 20250.10Jun 20, 20250.10May 21, 20250.10Apr 21, 20250.10Mar 19, 20250.10Feb 19, 20250.10Jan 24, 2025
20242×
0.10Dec 20, 20240.10Nov 20, 2024