Gladstone Commercial Corp income statement
In fiscal 2025, Gladstone Commercial Corp reported revenue of $161m, up 8.0% on the year before and net income of $19.3m, or $0.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 86 | 95 | 107 | 114 | 133 | 138 | 149 | 148 | 149 | 161 | 170 |
| General and administrative | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Interest expense | 26 | 25 | 26 | 28 | 27 | 27 | 32 | 37 | 37 | 42 | 46 |
| Net income | 4 | 6 | 12 | 10 | 15 | 11 | 11 | 5 | 24 | 19 | 25 |
| Diluted EPS | −$0.16 | −$0.19 | $0.03 | −$0.16 | $0.09 | −$0.09 | −$0.04 | −$0.19 | $0.27 | $0.14 | $0.52 |
| Diluted shares (average) | 23m | 26m | 29m | 31m | 34m | 37m | 39m | 40m | 42m | 47m | 48m |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 37 | 38 | 40 | 41 | 43 | 42 | 44 |
| General and administrative | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest expense | 9 | 9 | 9 | 10 | 11 | 12 | 11 | 11 |
| Net income | 12 | 7 | 5 | 5 | 4 | 5 | 7 | 8 |
| Diluted EPS | $0.20 | $0.10 | $0.04 | $0.03 | $0.02 | $0.05 | $0.08 | $0.11 |
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