Gladstone Commercial Corp cash flow statement

In fiscal 2025, Gladstone Commercial Corp's operations generated $88.2m of cash. It returned $68.2m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Gladstone Commercial Corp: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	41	47	56	60	65	70	69	60	57	88	70
Depreciation and amortisation	38	43	48	52	55	59	60	58	56	58	61
Dividends paid	42	50	55	59	64	68	71	61	63	68	70
Share buybacks	0	0	0	0	0	—	0	1	0	0	—
Shares issued	118	86	19	135	64	145	50	10	55	62	23

US$ millions unless shown otherwise. Fiscal quarters.

Gladstone Commercial Corp: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	6	23	18	36	19	16	18	18
Depreciation and amortisation	13	13	13	14	15	15	15	15
Shares issued	40	5	28	11	23	−0	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Gladstone Commercial Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Gladstone Commercial Corp.