← GLADSTONE COMMERCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $86.4m | $94.8m | $106.8m |
$114.4m
+7.11%
|
$133.2m
+16.40%
|
$137.7m
+3.41%
|
$149.0m
+8.20%
|
$147.6m
-0.94%
|
$149.4m
+1.22%
|
$161.3m
+8.00%
|
$170.2m
+5.49%
|
|
| General and Administrative Expense | $2.1m | $2.4m | $2.4m | $3.2m | $3.3m | $3.2m | $3.7m | $4.4m | $3.9m | $4.0m | $6.6m | |
| Amortization of Intangible Assets | $13.4m | $15.9m | $17.7m | $19.2m | $19.4m | $20.7m | $19.1m | $16.7m | $16.3m | $16.0m | — | |
| Property operating expenses | $5.9m | $7.7m | $11.5m | $12.6m | $26.0m | $27.1m | $26.8m | $25.9m | $25.4m | $28.6m | — | |
| Operating Expenses | $55.6m | $68.3m | $71.1m | $80.2m | $99.9m | $102.8m | $117.8m | $116.1m | $102.8m | $101.4m | $105.3m | |
| Gain on sale of real estate, net | $242k | $4.0m | $2.8m | $3.0m | $8.1m | ($1.1m) | $10.1m | $7.7m | $14.2m | $367k | — | |
| Gain (loss) on extinguishment of Series F preferred stock, net | — | — | — | — | $0 | $0 | ($10k) | ($11k) | ($14k) | $10k | — | |
| Other income (expense): | ||||||||||||
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $204k | $326k | $892k | — | |
| Interest Expense (non-operating) | $25.9m | $24.6m | $26.2m | $28.3m | $26.8m | $26.9m | $32.5m | $37.3m | $37.4m | $41.9m | $45.6m | |
| Nonoperating Income (Expense) | ($26.8m) | ($20.5m) | ($23.3m) | ($24.6m) | ($18.3m) | ($25.2m) | ($22.0m) | ($26.6m) | ($22.5m) | ($40.7m) | — | |
| Net Income (Loss) Attributable to Parent | $4.0m |
$5.9m
+50.00%
|
$12.3m
+107.51%
|
$9.6m
-21.85%
|
$14.9m
+55.15%
|
$9.8m
-34.58%
|
$9.3m
-4.89%
|
$5.0m
-46.37%
|
$24.0m
+381.40%
|
$19.3m
-19.63%
|
$12.2m
-36.89%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($3.7m) |
($4.9m)
-33.56%
|
$973k
+119.70%
|
($4.8m)
-589.21%
|
$3.1m
+166.16%
|
($4.6m)
-244.62%
|
($3.0m)
+33.27%
|
($7.7m)
-154.62%
|
$11.1m
+243.76%
|
$6.6m
-40.75%
|
$12.2m
+84.66%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $4k | ($87k) | $47k | ($40k) | ($23k) | ($63k) | $42k | $6k | $12.2m | |
| Earnings Per Share, Basic | ($0.16) | ($0.19) | $0.03 | ($0.16) | $0.09 | ($0.12) | ($0.08) | ($0.19) | $0.27 | $0.14 | $0.25 | |
| Earnings Per Share, Diluted | ($0.16) | ($0.19) | $0.03 | ($0.16) | $0.09 | ($0.12) | ($0.08) | ($0.19) | $0.27 | $0.14 | $0.25 | |
| Common Stock, Dividends, Per Share, Declared | $1.05 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 | $1.20 | $1.20 | $1.20 | — | |
| Basic (in shares) | $23.2m | 26.4m | 28.7m | $30.7m | $34.0m | $36.5m | $39.0m | $39.9m | $41.8m | $46.5m | $48.0m | |
| Diluted (in shares) | $23.2m | 26.4m | 28.7m | $30.7m | $34.0m | $36.5m | $39.0m | $39.9m | $41.8m | $46.5m | $48.0m | |
| Weighted Average Number of Shares Outstanding, Basic | 23.2m | 26.4m | 28.7m | 30.7m | 34.0m | 36.5m | 39.0m | 39.9m | 41.8m | 46.5m | 48.0m | |
| Weighted average shares of senior common stock outstanding - basic (in shares) | 961k | 939k | 887k | 849k | 775k | 665k | 437k | 410k | 399k | 387k | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 23.2m | 26.4m | 28.7m | 30.7m | 34.0m | 36.5m | 39.0m | 39.9m | 41.8m | 46.5m | 48.0m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $261k | — | — | — | — | — | — | — | — | — | — | |
| Lease Income | $86.4m | $94.8m | $106.8m | $114.4m | $133.2m | $137.7m | $149.0m | $147.6m | $149.4m | $161.3m | — | |
| Management Fee Expense | — | — | — | — | — | — | — | $6.4m | $6.1m | $6.6m | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | — | — | — | $3.9m | — | — | |
| Depreciation and amortization | $37.5m | $42.8m | $47.6m | $52.0m | $55.4m | $60.3m | $61.7m | $57.9m | $55.8m | $58.2m | $60.5m | |
| Base management fee | $3.9m | $5.0m | $5.1m | $5.2m | $5.6m | $5.9m | $6.3m | $6.4m | $6.1m | $6.6m | — | |
| Incentive fee | $2.4m | $2.4m | $3.0m | $3.7m | $4.3m | $4.9m | $5.3m | $0 | $4.5m | $2.8m | — | |
| Administration fee | $1.5m | $1.3m | $1.6m | $1.7m | $1.6m | $1.4m | $1.9m | $2.4m | $2.6m | $2.6m | — | |
| Impairment charge | $2.0m | $6.8m | $0 | $1.8m | $3.6m | $0 | $12.1m | $19.3m | $6.8m | $9k | — | |
| Incentive fee waiver | — | — | — | $0 | $0 | ($16k) | $0 | $0 | ($2.3m) | ($1.5m) | — | |
| Gain on debt extinguishment, net | $0 | — | — | — | — | $0 | $0 | $2.8m | $300k | $0 | — | |
| Net (income) loss (available) attributable to OP Units held by Non-controlling OP Unitholders | $0 | $0 | ($4k) | $87k | ($47k) | $40k | $23k | $63k | ($42k) | ($6k) | $12.2m | |
| Distributions attributable to Series E, F, and G preferred stock | ($6.6m) | ($9.9m) | ($10.4m) | ($10.8m) | ($11.0m) | ($11.5m) | ($11.9m) | ($12.3m) | ($12.4m) | ($12.3m) | — | |
| Distributions attributable to senior common stock | ($1.0m) | ($986k) | ($931k) | ($892k) | ($816k) | ($698k) | ($458k) | ($430k) | ($420k) | ($406k) | — | |
| Gain on repurchase of Series G preferred stock | — | — | — | — | $0 | $0 | $37k | $3k | $0 | $0 | — | |
| Change in unrealized (loss) gain related to interest rate hedging instruments, net | $0 | $35k | ($183k) | ($2.0m) | ($2.2m) | $2.9m | $12.1m | ($4.9m) | $2.7m | ($7.3m) | — | |
| Other comprehensive (loss) income | $0 | $35k | ($183k) | ($2.0m) | ($2.2m) | $2.9m | $12.1m | ($4.9m) | $2.7m | ($7.3m) | — | |
| Comprehensive (income) loss (available) attributable to OP Units held by Non-controlling OP Unitholders | $0 | $0 | ($4k) | $87k | ($47k) | $40k | $23k | $63k | ($42k) | ($6k) | — | |
| Total operating expense before incentive fee waiver | — | — | — | $80.2m | $99.9m | $102.8m | $117.8m | $116.1m | $105.1m | $102.9m | — | |
| Total other (expense) income, net | ($26.8m) | ($20.5m) | ($23.3m) | ($24.6m) | ($18.3m) | ($25.2m) | ($22.0m) | ($26.6m) | ($22.5m) | ($40.7m) | — | |
| Total comprehensive income available to the Company | $4.0m | $6.0m | $12.1m | $7.7m | $12.7m | $12.6m | $21.4m | $132k | $26.7m | $11.9m | — |