ES
MARKETS / NASDAQ / GOOD
NASDAQ · LESSORS OF REAL PROPERTY, NEC · LARGE CAP

Gladstone Commercial Corp. GOOD

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$161.3M
▲ 8.0% vs FY2024
EPS · FY25
$0.14
Dividend / sh · FY25
$1.20
Payout · FY25
353%
ROE · FY25
11.2%
Net margin · FY25
12.0%
Dividend coverage
0.1×
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Result
USD 161.3M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.050.10.150.20.20.02009201220152018202120242025
0.050.10.150.20.20.02016201920222025

12 cents of every revenue dollar became profit this year.

Per share
USD 0.14
Diluted EPS, FY2025
EPS Dividend
0.81.61.200.142009201220152018202120242025
0.81.61.200.142016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
11.2%
Return on equity, FY2025
ROE
48121611.2%2009201220152018202120242025
48121611.2%2016201920222025
Operating margin—
Net margin12.0%
Return on assets1.6%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
USD 68.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 68.2M
Net buybacksUSD -62.2M
Share of profit353.5%
Consecutive raises—

USD 68.2M in dividends — 353% of the year's profit, so the payout drew on cash built up earlier.

Growth
+3.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.7%
+3.9%
Net income
+21.3%
+5.2%
+18.3%
+9.5%
EPS, diluted
+9.2%
+3.0%
Dividend / share
−7.3%
−4.4%
−2.2%
Returned to shareholders
−1.4%
+1.3%
+6.3%
+9.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.05B
Shares outstanding, FY2025
0.010.052009201220152018202120242025
0.020.052016201920222025
Change, 5 years+37.0%
Change, 10 years+115.3%

The share count grew 37% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 1.2B
total assets, end of FY2025
Total assetsUSD 1.2B
EquityUSD 171.8M
CashUSD 10.8M
Gross debtUSD 843.5M
Net debtUSD 832.7M

Net debt stands at 485% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
·
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
0.14
0.27
−0.19
−0.04
−0.09
0.09
−0.16
0.03
−0.19
0.16
−0.07
−0.61
−0.22
−0.04
0.15
0.09
0.06
Dividend / sh $
1.20
1.20
1.20
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
·
·
·
·
·
·
Payout %
353
262
1216
658
618
427
612
443
849
1074
1025
−514
1568
548
343
345
368
ROE %
11.2
14.8
2.8
5.3
5.3
7.1
4.2
4.8
2.3
1.7
1.6
−2.9
1.0
2.9
4.6
4.3
3.9
Shares out B
0.05
0.00
0.00
0.00
0.00
0.00
0.00
0.03
0.03
0.02
0.02
0.02
0.02
0.01
0.01
0.01
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed