Financial Snapshot

Revenue
$147.9M
TTM
Gross Margin
79.87%
TTM
Net Earnings
$18.14M
TTM
Current Assets
$27.49M
Q3 2024
Current Liabilities
$25.24M
Q3 2024
Current Ratio
108.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$339.1M
Q3 2024
Cash
Q3 2024
P/E
42.27
Nov 29, 2024 EST
Free Cash Flow
$1.939M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $147.6M $149.0M $137.7M $133.2M $114.4M $106.8M $94.80M $86.37M $83.77M $73.76M $61.34M $51.27M $43.98M $41.90M $42.60M $40.80M $32.70M $25.90M $12.90M $4.200M $0.00
YoY Change -0.94% 8.2% 3.41% 16.4% 7.11% 12.66% 9.76% 3.11% 13.57% 20.24% 19.65% 16.59% 4.95% -1.64% 4.41% 24.77% 26.25% 100.78% 207.14%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $147.6M $149.0M $137.7M $133.2M $114.4M $106.8M $94.80M $86.37M $83.77M $73.76M $61.34M $51.27M $43.98M $41.90M $42.60M $40.80M $32.70M $25.90M $12.90M $4.200M $0.00
Cost Of Revenue $31.94M $32.76M $32.48M $31.20M $17.30M $16.00M $12.10M $9.300M $8.400M $7.400M $5.400M $3.100M $2.600M $1.900M $2.300M $2.500M $2.700M $3.500M $2.500M $1.200M $300.0K
Gross Profit $115.6M $116.2M $105.2M $102.0M $97.10M $90.80M $82.70M $77.10M $75.40M $66.40M $56.00M $48.20M $41.40M $40.00M $40.30M $38.30M $30.00M $22.40M $10.40M $3.000M -$300.0K
Gross Profit Margin 78.36% 78.01% 76.41% 76.6% 84.89% 85.02% 87.24% 89.27% 90.01% 90.03% 91.29% 94.01% 94.14% 95.47% 94.6% 93.87% 91.74% 86.49% 80.62% 71.43%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $7.013M $11.24M $10.03M $9.700M $9.100M $7.500M $6.600M $6.500M $8.600M $8.500M $7.300M $4.100M $3.800M $7.800M $4.900M $2.900M $2.500M $2.100M $1.100M $1.100M $200.0K
YoY Change -37.6% 12.11% 3.35% 6.59% 21.33% 13.64% 1.54% -24.42% 1.18% 16.44% 78.05% 7.89% -51.28% 59.18% 68.97% 16.0% 19.05% 90.91% 0.0% 450.0%
% of Gross Profit 6.06% 9.67% 9.53% 9.51% 9.37% 8.26% 7.98% 8.43% 11.41% 12.8% 13.04% 8.51% 9.18% 19.5% 12.16% 7.57% 8.33% 9.38% 10.58% 36.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.86M $61.66M $60.31M $55.42M $52.04M $47.62M $42.80M $37.52M $35.29M $28.86M $22.83M $16.83M $14.15M $13.26M $13.17M $12.70M $10.53M $8.350M $3.650M $970.0K $10.00K
YoY Change -6.18% 2.24% 8.83% 6.5% 9.28% 11.26% 14.07% 6.32% 22.28% 26.41% 35.65% 18.94% 6.71% 0.68% 3.7% 20.61% 26.11% 128.77% 276.29% 9600.0%
% of Gross Profit 50.03% 53.06% 57.33% 54.33% 53.59% 52.44% 51.75% 48.66% 46.8% 43.46% 40.77% 34.92% 34.18% 33.15% 32.68% 33.16% 35.1% 37.28% 35.1% 32.33%
Operating Expenses $116.1M $117.8M $102.8M $99.86M $80.23M $71.14M $68.34M $55.60M $50.97M $57.41M $32.82M $24.90M $21.27M $21.10M $18.20M $15.70M $13.10M $10.60M $4.700M $2.100M $300.0K
YoY Change -1.41% 14.55% 2.95% 24.46% 12.78% 4.1% 22.92% 9.08% -11.22% 74.9% 31.85% 17.04% 0.81% 15.93% 15.92% 19.85% 23.58% 125.53% 123.81% 600.0%
Operating Profit -$457.0K -$1.540M $2.408M $2.145M $16.87M $19.66M $14.36M $21.51M $24.44M $8.994M $23.18M $23.31M $20.13M $18.90M $22.10M $22.60M $16.90M $11.80M $5.700M $900.0K -$600.0K
YoY Change -70.32% -163.95% 12.26% -87.28% -14.21% 36.9% -33.21% -11.99% 171.68% -61.19% -0.55% 15.77% 6.51% -14.48% -2.21% 33.73% 43.22% 107.02% 533.33% -250.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense $37.33M $32.46M $26.89M $26.80M $28.28M $26.17M $24.57M $25.90M $28.01M $26.20M $24.35M $20.23M $17.08M -$16.90M -$17.70M -$16.60M -$11.00M -$8.900M -$2.200M $600.0K $300.0K
YoY Change 15.01% 20.72% 0.31% -5.22% 8.05% 6.52% -5.14% -7.54% 6.94% 7.58% 20.39% 18.45% -201.04% -4.52% 6.63% 50.91% 23.6% 304.55% -466.67% 100.0%
% of Operating Profit 1116.57% 1249.56% 167.64% 133.1% 171.06% 120.45% 114.65% 291.27% 105.07% 86.79% 84.83% -89.42% -80.09% -73.45% -65.09% -75.42% -38.6% 66.67%
Other Income/Expense, Net -$26.56M -$21.95M -$25.16M -$18.31M -$24.62M -$23.34M -$20.53M -$26.82M -$29.21M -$22.25M -$26.99M -$22.61M -$16.99M $3.300M $0.00 $100.0K $0.00 $400.0K $0.00 $0.00
YoY Change 20.99% -12.74% 37.37% -25.61% 5.48% 13.7% -23.47% -8.17% 31.25% -17.56% 19.36% 33.09% -614.91% -100.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income $4.922M $9.272M $9.733M $15.00M $9.500M $12.30M $5.900M $4.000M $3.600M -$5.900M $1.500M $3.800M $5.700M $4.900M $4.400M $4.900M $6.000M $3.400M $3.500M $1.500M -$200.0K
YoY Change -46.92% -4.74% -35.11% 57.89% -22.76% 108.47% 47.5% 11.11% -161.02% -493.33% -60.53% -33.33% 16.33% 11.36% -10.2% -18.33% 76.47% -2.86% 133.33% -850.0%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings $4.985M $9.295M $9.773M $14.94M $9.628M $12.32M $5.937M $3.958M $3.596M -$5.902M $1.527M $3.761M $5.714M $4.900M $4.600M $4.900M $6.100M $4.400M $3.600M $1.600M -$200.0K
YoY Change -46.37% -4.89% -34.58% 55.15% -21.85% 107.51% 50.0% 10.07% -160.93% -486.51% -59.4% -34.18% 16.61% 6.52% -6.12% -19.67% 38.64% 22.22% 125.0% -900.0%
Net Earnings / Revenue 3.38% 6.24% 7.1% 11.22% 8.42% 11.54% 6.26% 4.58% 4.29% -8.0% 2.49% 7.34% 12.99% 11.69% 10.8% 12.01% 18.65% 16.99% 27.91% 38.1%
Basic Earnings Per Share -$0.19 -$0.08 -$0.12 $0.09 -$0.16 $0.03 -$0.19 -$0.16 -$0.07 -$0.61 -$0.22 -$0.04 $0.15
Diluted Earnings Per Share -$0.19 -$0.08 -$0.12 $0.09 -$0.16 $0.03 -$0.19 -$0.16 -$0.07 -$0.61 -$0.22 -$0.04 $0.15 $569.8K $534.9K $569.8K $709.3K $550.0K $467.5K $207.8K -$62.50K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Cash & Short-Term Investments $11.99M $11.65M $7.956M $11.00M $6.800M $6.600M $6.700M $4.700M $5.200M $8.600M $8.500M $5.500M $3.300M $7.100M $3.100M $4.500M $1.400M $36.00M $1.700M $28.80M $99.10M
YoY Change 2.85% 46.47% -27.67% 61.76% 3.03% -1.49% 42.55% -9.62% -39.53% 1.18% 54.55% 66.67% -53.52% 129.03% -31.11% 221.43% -96.11% 2017.65% -94.1% -70.94%
Cash & Equivalents $11.99M $11.65M $7.956M $11.00M $6.800M $6.600M $6.700M $4.700M $5.200M $8.600M $8.500M $5.500M $3.300M $7.100M $3.100M $4.500M $1.400M $36.00M $1.700M $28.80M $99.10M
Short-Term Investments
Other Short-Term Assets $1.700M $1.000M $800.0K $1.700M $700.0K $500.0K $500.0K $400.0K $200.0K $200.0K
YoY Change 70.0% 25.0% -52.94% 142.86% 40.0% 0.0% 25.0% 100.0% 0.0%
Inventory $28.79M $3.013M $8.500M $4.000M $4.200M $9.000M $9.600M $1.100M
Prepaid Expenses
Receivables $0.00 $200.0K $200.0K $0.00
Other Receivables $5.300M $3.600M $2.700M $300.0K
Total Short-Term Assets $40.77M $14.67M $7.956M $19.50M $10.80M $10.80M $15.70M $14.30M $6.300M $8.600M $8.500M $22.30M $16.70M $18.30M $13.80M $12.50M $7.200M $40.30M $5.000M $29.30M $99.30M
YoY Change 178.0% 84.34% -59.2% 80.56% 0.0% -31.21% 9.79% 126.98% -26.74% 1.18% -61.88% 33.53% -8.74% 32.61% 10.4% 73.61% -82.13% 706.0% -82.94% -70.49%
Property, Plant & Equipment $926.6M $1.005B $963.9M $905.8M $855.2M $768.4M $744.4M $690.1M $668.1M $630.4M $561.1M $468.0M $388.7M $357.4M $356.6M $365.8M $324.8M $235.1M $161.6M $60.50M $5.400M
YoY Change -7.84% 4.3% 6.42% 5.92% 11.3% 3.22% 7.87% 3.29% 5.98% 12.35% 19.89% 20.4% 8.76% 0.22% -2.52% 12.62% 38.15% 45.48% 167.11% 1020.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $49.92M $48.58M $47.57M $50.80M $49.00M $43.30M $45.10M $39.60M $39.20M $42.60M $39.40M $17.10M $10.00M $8.200M $8.300M $9.200M $7.700M $6.600M $4.800M $1.500M $0.00
YoY Change 2.75% 2.11% -6.35% 3.67% 13.16% -3.99% 13.89% 1.02% -7.98% 8.12% 130.41% 71.0% 21.95% -1.2% -9.78% 19.48% 16.67% 37.5% 220.0%
Total Long-Term Assets $1.093B $1.187B $1.135B $1.078B $1.029B $928.0M $912.8M $837.4M $820.9M $779.2M $682.0M $542.5M $436.4M $392.3M $403.1M $416.6M $371.7M $275.5M $202.0M $76.30M $5.800M
YoY Change -7.93% 4.53% 5.29% 4.83% 10.85% 1.67% 9.0% 2.01% 5.35% 14.25% 25.71% 24.31% 11.24% -2.68% -3.24% 12.08% 34.92% 36.39% 164.74% 1215.52%
Total Assets $1.133B $1.202B $1.143B $1.098B $1.040B $938.8M $928.5M $851.7M $827.2M $787.8M $690.5M $564.8M $453.1M $410.6M $416.9M $429.1M $378.9M $315.8M $207.0M $105.6M $105.1M
YoY Change
Accounts Payable $16.14M $12.96M $3.431M $3.000M $2.900M $2.500M $2.300M $2.100M $1.900M $900.0K $1.400M $1.200M $1.200M $1.000M $1.200M $0.00 $800.0K $200.0K $200.0K $100.0K $200.0K
YoY Change 24.55% 277.79% 14.37% 3.45% 16.0% 8.7% 9.52% 10.53% 111.11% -35.71% 16.67% 0.0% 20.0% -16.67% -100.0% 300.0% 0.0% 100.0% -50.0%
Accrued Expenses $5.093M $5.308M $5.509M $5.700M $5.800M
YoY Change -4.05% -3.65% -3.35% -1.72%
Deferred Revenue
YoY Change
Short-Term Debt $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 $0.00 $0.00 $31.50M $24.40M $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 29.1%
Long-Term Debt Due $25.08M
YoY Change
Total Short-Term Liabilities $21.24M $18.27M $8.940M $8.700M $8.700M $2.700M $2.300M $2.100M $1.900M $900.0K $1.400M $4.700M $1.200M $2.700M $2.100M $34.20M $25.20M $200.0K $500.0K $1.000M $100.0K
YoY Change 16.24% 104.36% 2.76% 0.0% 222.22% 17.39% 9.52% 10.53% 111.11% -35.71% -70.21% 291.67% -55.56% 28.57% -93.86% 35.71% 12500.0% -60.0% -50.0% 900.0%
Long-Term Debt $738.9M $749.2M $707.5M $668.7M $626.6M $566.1M $542.6M $509.4M $563.4M $541.1M $485.5M $384.2M $304.1M $286.6M $286.0M $255.3M $202.1M $154.5M $105.1M $0.00 $0.00
YoY Change -1.38% 5.89% 5.81% 6.72% 10.69% 4.33% 6.52% -9.58% 4.12% 11.45% 26.37% 26.34% 6.11% 0.21% 12.03% 26.32% 30.81% 47.0%
Other Long-Term Liabilities $49.07M $59.41M $47.33M $40.80M $35.40M $27.50M $26.00M $23.80M $21.60M $19.80M $18.20M $52.30M $10.60M $9.000M $9.200M $9.100M $8.500M $8.200M $2.300M $1.700M $0.00
YoY Change -17.41% 25.52% 16.0% 15.25% 28.73% 5.77% 9.24% 10.19% 9.09% 8.79% -65.2% 393.4% 17.78% -2.17% 1.1% 7.06% 3.66% 256.52% 35.29%
Total Long-Term Liabilities $787.9M $808.6M $754.9M $709.5M $662.0M $593.6M $568.6M $533.2M $585.0M $560.9M $503.7M $436.5M $314.7M $295.6M $295.2M $264.4M $210.6M $162.7M $107.4M $1.700M $0.00
YoY Change -2.56% 7.12% 6.39% 7.18% 11.52% 4.4% 6.64% -8.85% 4.3% 11.36% 15.4% 38.7% 6.46% 0.14% 11.65% 25.55% 29.44% 51.49% 6217.65%
Total Liabilities $810.2M $828.7M $771.8M $725.4M $679.2M $603.4M $578.2M $541.1M $593.3M $570.1M $507.4M $442.4M $317.8M $299.2M $298.4M $298.6M $236.5M $163.5M $108.1M $2.900M $300.0K
YoY Change -2.24% 7.37% 6.39% 6.8% 12.56% 4.36% 6.86% -8.8% 4.07% 12.36% 14.69% 39.21% 6.22% 0.27% -0.07% 26.26% 44.65% 51.25% 3627.59% 866.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $766.65 Million

About GLADSTONE COMMERCIAL CORP

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. The company is headquartered in Mclean, Virginia. The company went IPO on 2003-08-13. The firm is focused on acquiring, owning and operating net leased industrial and office properties across the United States. The company conducts its operations through a subsidiary, Gladstone Commercial Limited Partnership (Operating Partnership). The company owns about 135 properties totaling 16.8 million square feet of rentable space, located in 27 states. Its properties are geographically diversified, and its tenants cover a broad cross-section of business sectors and range in size from small to large private and public companies. Its properties are located in various states of the United States, such as Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan and South Carolina. The firm's properties have tenants from various industries, such as telecommunications, diversified/conglomerate services, healthcare, automotive, banking, diversified/conglomerate manufacturing, and others.

Industry: Lessors of Real Property, NEC Peers: Alexander & Baldwin, Inc. Armada Hoffler Properties, Inc. Belpointe PREP, LLC W. P. Carey Inc. CTO Realty Growth, Inc. Empire State Realty Trust, Inc. NEXPOINT DIVERSIFIED REAL ESTATE TRUST Safehold Inc. Pacific Oak Strategic Opportunity REIT, Inc. ONE LIBERTY PROPERTIES INC