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Gladstone Commercial Corporation

Real Estate US GOOD

14.715USD
0.41(2.83%)

Last update at 2024-07-11T14:59:00Z

Day Range

14.4514.81
LowHigh

52 Week Range

10.5315.03
LowHigh

Fundamentals

  • Previous Close 14.31
  • Market Cap573.20M
  • Volume108419
  • P/E Ratio-
  • Dividend Yield8.47%
  • EBITDA101.08M
  • Revenue TTM146.75M
  • Revenue Per Share TTM3.67
  • Gross Profit TTM 115.82M
  • Diluted EPS TTM-0.18

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 9.27M 9.73M 14.98M 9.54M 12.32M
Minority interest -0.02300M -0.04000M 0.05M -0.08700M 4.67M
Net income -23.18500M -19.99400M -12.26000M -19.36300M 12.32M
Selling general administrative 17.17M 15.41M 14.81M 13.79M 12.06M
Selling and marketing expenses - - - - -
Gross profit 122.15M 110.59M 107.15M 101.80M 95.34M
Reconciled depreciation 61.69M 60.35M 55.48M 52.04M 47.62M
Ebit 43.77M 37.75M 37.31M 36.68M 35.73M
Ebitda 105.46M 98.11M 92.79M 88.72M 83.35M
Depreciation and amortization 61.69M 60.35M 55.48M 52.04M 47.62M
Non operating income net other 10.51M 1.73M 8.49M 3.66M 2.83M
Operating income 43.77M 37.75M 37.31M 36.68M 35.66M
Other operating expenses 105.67M 102.82M 96.23M 78.42M 71.14M
Interest expense 32.46M 26.89M 26.80M 28.28M 26.17M
Tax provision - - - - -
Interest income - - - 28.28M 26.17M
Net interest income -32.45700M -26.88700M -26.80300M -28.27900M -26.17200M
Extraordinary items - - - - -
Non recurring 12.09M - 3.62M 1.81M -
Other items - - - - -
Income tax expense 32.46M 29.73M 27.25M 28.90M 2.83M
Total revenue 148.98M 137.69M 133.15M 114.39M 106.80M
Total operating expenses 78.83M 75.72M 70.23M 65.83M 59.68M
Cost of revenue 26.83M 27.10M 26.00M 12.59M 11.46M
Total other income expense net -34.49700M -28.01900M -22.32800M -27.14000M 2.83M
Discontinued operations - - - - -
Net income from continuing ops 9.29M 9.77M 14.94M 9.63M 12.32M
Net income applicable to common shares -3.03900M -4.55400M 3.15M -4.76000M 0.97M
Preferred stock and other adjustments 11.87M 11.49M 10.97M 10.82M 10.42M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1133.47M 1201.51M 1143.35M 1097.91M 1039.51M
Intangible assets 101.05M 111.62M 114.49M 117.38M 115.47M
Earning assets - - - - -
Other current assets -28.05000M 55.05M -26.54000M 22.70M 15.86M
Total liab 979.21M 996.94M 940.79M 881.87M 828.47M
Total stockholder equity 153.28M 202.78M 201.30M 213.18M 208.13M
Deferred long term liab - 39.54M 37.51M 35.91M 34.55M
Other current liab 3.23M 3.36M 3.43M 2.96M 0.02M
Common stock 0.04M 0.04M 0.04M 0.04M 0.03M
Capital stock 0.04M 0.04M 0.04M 0.04M 0.03M
Retained earnings -584.77600M -530.22800M -468.52300M -409.04100M -360.97800M
Other liab - 58.51M 47.33M 37.73M 34.21M
Good will - - - - 115.47M
Other assets 974.54M 1034.22M 981.84M 40.30M 43.21M
Cash 11.98M 11.65M 7.96M 11.02M 6.85M
Cash and equivalents - - - - -
Total current liabilities 121.89M 36.21M 43.72M 60.73M 60.08M
Current deferred revenue 29.32M - - - 2.90M
Net debt 731.97M 742.86M 705.08M 663.36M 625.59M
Short term debt 75.75M 23.25M 33.55M 53.31M 51.58M
Short long term debt 75.75M 23.25M 33.55M 53.31M 51.58M
Short long term debt total 743.95M 754.51M 713.03M 674.38M 632.44M
Other stockholder equity 730.26M 721.33M 500.87M 467.25M 419.05M
Property plant equipment - 1000.30M 958.59M 900.22M 849.46M
Total current assets 52.44M 66.71M 59.55M 70.27M 59.88M
Long term investments - - - - -
Net tangible assets - 261.21M 257.07M 255.09M 244.82M
Short term investments 6.91M - - - -
Net receivables 41.01M 38.88M 39.07M 36.55M 37.18M
Long term debt 663.11M 725.96M 673.98M 615.38M 575.01M
Inventory 27.50M -38.88400M 39.07M - 3.99M
Accounts payable 13.59M 9.61M 6.74M 4.46M 5.57M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 1.79M 1.26M 2.85M 2.90M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 7.76M 11.64M -1.34600M -4.34500M -2.12600M
Additional paid in capital - - - - -
Common stock total equity - 0.04M 0.04M 0.04M 0.03M
Preferred stock total equity - 0.00100M - - -
Retained earnings total equity - -530.22800M -468.52300M -409.04100M -360.97800M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 975.10M 1018.05M 963.95M 904.67M 858.37M
Deferred long term asset charges - - - - -
Non current assets total 1081.03M 1134.80M 1083.80M 1027.63M 979.63M
Capital lease obligations 5.09M 5.31M 5.51M 5.69M 5.85M
Long term debt total - 725.96M 673.98M 615.38M 575.01M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1.51400M 1.84M -2.21900M -7.16800M -2.19700M
Change to liabilities 0.76M 4.35M 0.23M 4.12M 1.12M
Total cashflows from investing activities -82.51300M -94.77700M -100.25800M -132.03700M -34.44000M
Net borrowings 38.51M 36.99M 40.49M 58.62M 15.17M
Total cash from financing activities 16.15M 21.75M 39.35M 74.25M -21.15700M
Change to operating activities -1.63600M 2.49M 4.74M -0.04200M -0.19900M
Net income 9.27M 9.73M 14.98M 9.54M 12.32M
Change in cash 2.81M -2.89800M 4.59M 2.41M 0.00200M
Begin period cash flow 13.18M 16.08M 11.49M 9.08M 9.08M
End period cash flow 15.99M 13.18M 16.08M 11.49M 9.08M
Total cash from operating activities 69.18M 70.13M 65.49M 60.19M 55.60M
Issuance of capital stock 49.68M 144.68M 63.61M 134.53M 18.57M
Depreciation 61.69M 60.35M 55.48M 52.04M 47.62M
Other cashflows from investing activities 38.79M 8.88M 36.25M 13.01M 14.44M
Dividends paid -71.09200M -67.59200M -63.75700M -58.88700M 54.56M
Change to inventory - - - - -
Change to account receivables -1.33000M -2.90000M -1.89900M -1.47700M -2.54800M
Sale purchase of stock -0.36000M -87.73900M 232.98M -56.60000M -0.03400M
Other cashflows from financing activities 318.72M 151.13M -1.61600M 276.25M 102.13M
Change to netincome 0.71M -1.75200M -6.31800M -2.46400M -5.31100M
Capital expenditures 119.79M 105.50M 134.29M 127.16M 32.26M
Change receivables - - - - -
Cash flows other operating -2.54000M -0.87800M 1.52M -3.29400M -0.84700M
Exchange rate changes - - - - -
Cash and cash equivalents changes 2.81M -2.89800M 4.59M 2.41M 0.00200M
Change in working capital -1.36600M 2.42M 1.16M 0.40M -1.99800M
Stock based compensation - - - - -
Other non cash items -0.42200M -2.38600M -6.12700M -1.78800M -2.34700M
Free cash flow 69.18M 70.13M 65.49M 60.19M 23.34M

Peer Comparison

Sector: Real Estate Industry: REIT - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
GOOD
Gladstone Commercial Corporation
0.41 2.83% 14.71 - 333.33 3.68 3.48 8.57 12.63
VICI
VICI Properties Inc
1.17 4.18% 29.05 13.14 11.40 9.27 1.33 14.27 15.38
WPC
W P Carey Inc
1.96 3.56% 57.07 17.96 - 8.15 1.54 12.82 12.76
STKAF
Stockland
- -% 2.95 27.50 14.81 2.56 1.08 3.44 15.75
LDSCY
Land Securities Group PLC ADR
- -% 7.79 - 15.34 9.25 0.89 14.18 -21.893

Reports Covered

Stock Research & News

Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions. Gladstone Commercial has never skipped or deferred a distribution since its inception in 2003.

Gladstone Commercial Corporation

1521 Westbranch Drive, McLean, VA, United States, 22102-3211

Key Executives

Name Title Year Born
Mr. David John Gladstone Founder, Chairman & CEO 1942
Mr. Terry Lee Brubaker Vice Chairman & COO 1944
Mr. Arthur S. Cooper Pres 1957
Mr. Gary Gerson CFO & Assistant Treasurer 1964
Mr. EJ Wislar Chief Investment Officer & Head of the Southeast and Northeast Regions NA
Ms. Karin McLaughlin Investor Relations Specialist NA
Mr. John Anthony Dellafiora Jr., CPA Chief Compliance Officer NA
Mr. Michael Bernard LiCalsi Esq., J.D. Gen. Counsel & Sec. 1970
Mr. Ryan Carter Exec. VP and Head of West & Midwest Region NA
Mr. Jay Beckhorn Treasurer 1962

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