$GOOD
GLADSTONE COMMERCIAL CORP Stock $good

$good Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000123400624000011 Filed on August 06, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$39.24M	$37.06M
YoY Change	7.6%	-4.14%
Cost Of Revenue	$8.109M	$7.223M
YoY Change	-2.54%	-12.37%
Gross Profit	$31.13M	$29.83M
YoY Change	10.57%	-1.91%
Gross Profit Margin	79.33%	80.51%
Selling, General & Admin	$2.941M	$2.985M
YoY Change	44.88%	74.15%
% of Gross Profit	9.45%	10.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.34M	$16.02M
YoY Change	6.82%	-0.93%
% of Gross Profit	42.86%	53.68%
Operating Expenses	$28.55M	$25.97M
YoY Change	-3.52%	-22.97%
Operating Profit	$2.580M	$3.861M
YoY Change	-279.54%	-216.96%
Interest Expense	-$9.299M	-$9.463M
YoY Change	-193.59%	-204.21%
% of Operating Profit	-360.43%	-245.09%
Other Income/Expense, Net	$1.032M	-$9.484M
YoY Change	-120.29%	-0.48%
Pretax Income	$11.72M	$1.600M
YoY Change	554.8%	-134.87%
Income Tax
% Of Pretax Income
Net Earnings	$11.68M	$1.611M
YoY Change	552.71%	-135.68%
Net Earnings / Revenue	29.76%	4.35%
Basic Earnings Per Share	$0.20	-$0.04
Diluted Earnings Per Share	$0.20	-$0.04
COMMON SHARES
Basic Shares Outstanding	42.53M shares	40.05M shares
Diluted Shares Outstanding	42.79M shares	40.31M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.53M	$10.42M
YoY Change	-42.45%	-36.82%
Cash & Equivalents	$10.53M	$10.42M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$16.96M	$4.179M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$27.49M	$14.60M
YoY Change	-42.36%	-72.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$904.6M	$922.9M
YoY Change	-3.71%	-2.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$52.27M	$49.98M
YoY Change	4.75%	1.16%
Total Long-Term Assets	$1.069B	$1.091B
YoY Change	-4.52%	-3.34%
TOTAL ASSETS
Total Short-Term Assets	$27.49M	$14.60M
Total Long-Term Assets	$1.069B	$1.091B
Total Assets	$1.096B	$1.106B
YoY Change	-6.07%	-6.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.73M	$19.82M
YoY Change	15.61%	40.52%
Accrued Expenses	$4.123M	$4.182M
YoY Change	-19.16%	-19.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.383M	$4.697M
YoY Change
Total Short-Term Liabilities	$25.24M	$28.70M
YoY Change	18.47%	48.65%
LONG-TERM LIABILITIES
Long-Term Debt	$690.3M	$717.8M
YoY Change	-7.84%	-4.76%
Other Long-Term Liabilities	$41.73M	$43.15M
YoY Change	-16.87%	-21.74%
Total Long-Term Liabilities	$732.0M	$761.0M
YoY Change	-8.41%	-5.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$25.24M	$28.70M
Total Long-Term Liabilities	$732.0M	$761.0M
Total Liabilities	$757.2M	$789.7M
YoY Change	-7.71%	-4.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$43.00K	$41.00K
YoY Change	10.26%	5.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$168.9M	$145.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.096B	$1.106B
YoY Change	-6.07%	-6.46%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$11.68M	$1.611M
YoY Change	552.71%	-135.68%
Depreciation, Depletion And Amortization	$13.34M	$16.02M
YoY Change	6.82%	-0.93%
Cash From Operating Activities	$5.540M	$13.60M
YoY Change	-68.88%	-13.74%
INVESTING ACTIVITIES
Capital Expenditures	$15.40M	$15.10M
YoY Change	22.55%	61.02%
Acquisitions
YoY Change
Other Investing Activities	$18.24M	$2.435M
YoY Change	14.61%	37.03%
Cash From Investing Activities	$2.831M	-$12.66M
YoY Change	-14.98%	66.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-8.260M	-1.441M
YoY Change	-57.92%	-77.48%
NET CHANGE
Cash From Operating Activities	5.540M	13.60M
Cash From Investing Activities	2.831M	-12.66M
Cash From Financing Activities	-8.260M	-1.441M
Net Change In Cash	111.0K	-499.0K
YoY Change	-92.6%	-128.16%
FREE CASH FLOW
Cash From Operating Activities	$5.540M	$13.60M
Capital Expenditures	$15.40M	$15.10M
Free Cash Flow	-$9.864M	-$1.493M
YoY Change	-288.6%	-123.35%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40311476	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39978674	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40157479	shares
CY2024Q2	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	58132000	usd
CY2024Q2	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	32648000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5800000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9300000	usd
CY2024Q2	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	2100000	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	3800000	usd
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P25Y1M6D
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P21Y8M12D
CY2024Q2	good	Senior Common Stock Shares Outstanding SeniorCommonStockSharesOutstanding	402817	shares
CY2024Q2	good	Senior Common Stock Shares Issued SeniorCommonStockSharesIssued	402817	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.19
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.19
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40157479	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40157479	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39950672	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39950672	shares
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	43000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	118000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	22088000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	11305000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	41500000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	34200000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	36100000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	19000000	usd
	good	Increase Decrease In Security Deposit IncreaseDecreaseInSecurityDeposit	153000	usd
	good	Increase Decrease In Security Deposit IncreaseDecreaseInSecurityDeposit	253000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	30458000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	30274000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-36149000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19193000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1716000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	4571000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16135000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15992000	usd
	good	Fixed Asset Additions Paid For By Tenant FixedAssetAdditionsPaidForByTenant	0	usd
	good	Fixed Asset Additions Paid For By Tenant FixedAssetAdditionsPaidForByTenant	861000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	5888000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	2130000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	686000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
	good	Operating Lease Liability Incurred OperatingLeaseLiabilityIncurred	-795000	usd
	good	Operating Lease Liability Incurred OperatingLeaseLiabilityIncurred	0	usd
	good	Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities	6917000	usd
	good	Noncashor Part Noncash Acquisition Improvements Includedin Accounts Payableand Accrued Liabilities NoncashorPartNoncashAcquisitionImprovementsIncludedinAccountsPayableandAccruedLiabilities	2116000	usd
	good	Stock Issued For Preferred Stock Dividends StockIssuedForPreferredStockDividends	261000	usd
	good	Stock Issued For Preferred Stock Dividends StockIssuedForPreferredStockDividends	226000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10416000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16487000	usd
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	4003000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	4076000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	14419000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	20563000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span></div>
	good	Number Of Executive Officers Named As Related Party NumberOfExecutiveOfficersNamedAsRelatedParty	2	officer
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1614000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-7685000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1313000	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.19
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1614000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-7685000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1313000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1614000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-7685000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1313000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40311476	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39978674	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40157479	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40311476	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39978674	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40157479	shares
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.19
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2024Q2	good	Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage	241637	shares
	good	Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage	276140	shares
CY2023Q2	good	Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Weighted Average NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesWeightedAverage	391468	shares
CY2024Q2	us-gaap	Land Land	142501000	usd
CY2023Q4	us-gaap	Land Land	143442000	usd
CY2024Q2	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1031562000	usd
CY2023Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	1020661000	usd
CY2024Q2	us-gaap	Tenant Improvements TenantImprovements	56143000	usd
CY2023Q4	us-gaap	Tenant Improvements TenantImprovements	57261000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	311433000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	299662000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	918773000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	921702000	usd
CY2024Q2	good	Land Subjectto Land Lease Agreements Value LandSubjecttoLandLeaseAgreementsValue	4436000	usd
CY2023Q4	good	Land Subjectto Land Lease Agreements Value LandSubjecttoLandLeaseAgreementsValue	4436000	usd
	good	Number Of Properties Acquired NumberOfPropertiesAcquired	5	property
	good	Number Of Properties Acquired NumberOfPropertiesAcquired	1	property
CY2024Q2	good	Number Of Properties Acquired NumberOfPropertiesAcquired	5	property
	good	Purchase Price Of Acquired Property PurchasePriceOfAcquiredProperty	11954000	usd
	good	Purchase Price Of Acquired Property PurchasePriceOfAcquiredProperty	5363000	usd
CY2024Q2	us-gaap	Business Combination Acquired Direct Financing Lease Receivable BusinessCombinationAcquiredDirectFinancingLeaseReceivable	90000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	58568000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	120366000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	113941000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	98860000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	86308000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	78182000	usd
CY2024Q2	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	372072000	usd
CY2024Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	33084000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	34380000	usd
CY2024Q2	good	Operating Lease Cost Net Change Value OperatingLeaseCostNetChangeValue	-1296000	usd
CY2024Q2	good	Operating Lease Cost Net Change Percent OperatingLeaseCostNetChangePercent	-0.038
CY2024Q2	us-gaap	Variable Lease Cost VariableLeaseCost	3973000	usd
CY2023Q2	us-gaap	Variable Lease Cost VariableLeaseCost	4278000	usd
CY2024Q2	good	Variable Lease Cost Net Change Value VariableLeaseCostNetChangeValue	-305000	usd
CY2024Q2	good	Variable Lease Cost Net Change Percent VariableLeaseCostNetChangePercent	-0.071
CY2024Q2	us-gaap	Lease Cost LeaseCost	37057000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	38658000	usd
CY2024Q2	good	Lease Cost Net Change Value LeaseCostNetChangeValue	-1601000	usd
CY2024Q2	good	Lease Cost Net Change Percent LeaseCostNetChangePercent	-0.041
	us-gaap	Operating Lease Cost OperatingLeaseCost	64874000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	66521000	usd
	good	Operating Lease Cost Net Change Value OperatingLeaseCostNetChangeValue	-1647000	usd
	good	Operating Lease Cost Net Change Percent OperatingLeaseCostNetChangePercent	-0.025
	us-gaap	Variable Lease Cost VariableLeaseCost	7905000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	8691000	usd
	good	Variable Lease Cost Net Change Value VariableLeaseCostNetChangeValue	-786000	usd
	good	Variable Lease Cost Net Change Percent VariableLeaseCostNetChangePercent	-0.090
	us-gaap	Lease Cost LeaseCost	72779000	usd
	us-gaap	Lease Cost LeaseCost	75212000	usd
	good	Lease Cost Net Change Value LeaseCostNetChangeValue	-2433000	usd
	good	Lease Cost Net Change Percent LeaseCostNetChangePercent	-0.032
CY2023Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	59411000	usd
CY2023Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	30087000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5200000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9300000	usd
CY2023Q2	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	2500000	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	4400000	usd
CY2024Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	usd
CY2024Q2	good	Number Of Existing Encumbered Properties NumberOfExistingEncumberedProperties	133	property
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	722536000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	738861000	usd
CY2024Q2	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0424
CY2024Q2	good	Debt Instrument Interest Rate Variable Rateat Period End DebtInstrumentInterestRateVariableRateatPeriodEnd	0.0533
	us-gaap	Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred	4500000	usd
	us-gaap	Derivative Cost Of Hedge DerivativeCostOfHedge	99000	usd
CY2024Q2	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	60000000	usd
CY2024Q2	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	63000	usd
CY2023Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	65000000	usd
CY2023Q4	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	684000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	470000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	8025000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	5888000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax	2130000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	8000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	264000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	113000	usd
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	527000	usd
CY2024Q2	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	12132000	usd
CY2023Q4	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	6236000	usd
CY2024Q2	us-gaap	Number Of Properties Subject To Ground Leases NumberOfPropertiesSubjectToGroundLeases	3	property
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	228000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	457000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	460000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	467000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	470000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	470000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	3359000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	5911000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1729000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	4182000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P13Y8M12D
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0530
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	145821000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	183723000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	145821000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	183723000	usd
	good	Temporary Equity Contract Terms Trigger Change In Control Percentage TemporaryEquityContractTermsTriggerChangeInControlPercentage	0.50
CY2024Q2	good	Temporary Equity Contract Terms Minimum Vote Neededto Trigger Changein Control From Tender Offer TemporaryEquityContractTermsMinimumVoteNeededtoTriggerChangeinControlFromTenderOffer	0.90
	good	Temporary Equity Contract Terms Trigger Change In Control Percentage TemporaryEquityContractTermsTriggerChangeInControlPercentage	0.50
CY2020Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	86290000	shares
CY2020Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	60290000	shares
	good	Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Outstanding NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesOutstanding	39474	shares
CY2023	good	Noncontrolling Interest Ownership By Noncontrolling Owners Number Of Shares Outstanding NoncontrollingInterestOwnershipByNoncontrollingOwnersNumberOfSharesOutstanding	310643	shares
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001234006-24-000011-index-headers.html	Edgar Link	pending
0001234006-24-000011-index.html	Edgar Link	pending
0001234006-24-000011.txt	Edgar Link	pending
0001234006-24-000011-xbrl.zip	Edgar Link	pending
ex3116302024.htm	Edgar Link	pending
ex3126302024.htm	Edgar Link	pending
ex3216302024.htm	Edgar Link	pending
ex3226302024.htm	Edgar Link	pending
ex9916302024seriesfvaluati.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
good-20240630.htm	Edgar Link	pending
good-20240630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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R4.htm	Edgar Link	pending
good-20240630_cal.xml	Edgar Link	unprocessable
good-20240630_def.xml	Edgar Link	unprocessable
good-20240630_lab.xml	Edgar Link	unprocessable
good-20240630_pre.xml	Edgar Link	unprocessable
good-20240630_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$GOOD
GLADSTONE COMMERCIAL CORP Stock $good

2024 Q3 Form 10-Q Financial Statement

#000123400624000011 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GOOD GLADSTONE COMMERCIAL CORP Stock $good

2024 Q3 Form 10-Q Financial Statement

#000123400624000011 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GOOD
GLADSTONE COMMERCIAL CORP Stock $good