GOOD - Gladstone Commercial Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.00
DETAILS
HIGH:
$15.00
LOW:
$13.00
MEDIAN:
$14.00
CONSENSUS:
$14.00
UPSIDE:
9.59%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||
| Revenue | 161.3 | 149.4 | 147.6 | 149.0 | 137.7 | 133.2 | 114.4 | 106.8 | 94.8 | 86.4 | 83.8 | 73.8 | 61.3 | 51.3 | 44.0 | 41.9 | 42.6 | 40.9 | 32.8 | 25.9 | 13.5 | 4.3 | 0.3 |
| Cost of Revenue | 151.8 | 31.5 | 32.2 | 33.2 | 33.0 | 31.7 | 17.8 | 16.5 | 7.7 | 9.8 | 8.8 | 7.5 | 6.1 | 4.0 | 1.0 | 2.2 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 9.6 | 117.9 | 115.3 | 115.8 | 104.7 | 101.5 | 96.6 | 95.3 | 87.1 | 80.5 | 78.5 | 66.2 | 55.2 | 49.7 | 43.0 | 39.8 | 41.7 | 39.9 | 32.8 | 25.9 | 13.5 | 4.3 | 0.3 |
| Operating Expenses | |||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 6.6 | 6.4 | 6.7 | 5.6 | 4.7 | 4.9 | 4.9 | 12.1 | 3.6 | 3.9 | 9.1 | 8.2 | 5.9 | 0.5 | 0.4 | 4.5 | 7.0 | 7.9 | 1.6 | 0.5 | 0.5 | 0.4 | 0.0 |
| Other Expenses | (57.0) | 60.3 | 57.9 | 65.4 | 64.0 | 59.7 | 55.7 | 50.7 | 45.2 | 39.9 | 39.9 | 33.2 | 27.0 | 20.4 | 17.5 | 16.7 | 12.6 | 10.6 | 14.3 | 13.6 | 6.9 | 2.9 | 0.5 |
| Operating Expenses | (50.4) | 66.7 | 64.6 | 71.0 | 68.7 | 64.6 | 60.7 | 54.6 | 48.9 | 43.8 | 41.6 | 34.2 | 26.7 | 20.9 | 20.3 | 21.2 | 19.6 | 18.5 | 15.8 | 14.1 | 7.3 | 3.3 | 0.6 |
| Operating Income | |||||||||||||||||||||||
| Operating Income | 60.0 | 51.1 | 50.8 | 44.8 | 36.0 | 36.9 | 36.0 | 35.7 | 33.3 | 33.1 | 34.0 | 59.5 | 29.3 | 26.4 | 23.4 | 18.5 | 4.4 | 21.5 | 17.0 | 11.9 | 6.1 | 1.0 | (0.5) |
| Interest Expense | 41.9 | 37.4 | 37.3 | 32.5 | 26.9 | 26.8 | 28.3 | 26.2 | 24.6 | 25.9 | 28.0 | 26.2 | 24.4 | 20.2 | 17.1 | 17.1 | 17.9 | 16.9 | 11.6 | 0 | 0 | 0 | 0 |
| Interest Income | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0.2 | 0.6 | 0 | 0 | 0.6 | 0 |
| Profitability | |||||||||||||||||||||||
| EBITDA | 119.4 | 117.2 | 100.1 | 103.4 | 97.0 | 97.3 | 89.9 | 83.3 | 73.3 | 67.4 | 66.9 | 49.2 | 48.7 | 40.8 | 36.9 | 35.3 | 35.2 | 34.1 | 27.5 | 20.2 | 10.4 | 2.0 | (0.2) |
| EBIT | 61.2 | 61.4 | 42.3 | 43.2 | 37.8 | 41.8 | 37.8 | 38.5 | 30.5 | 29.9 | 33.4 | 20.3 | 25.9 | 24.0 | 22.8 | 22.0 | 22.1 | 21.4 | 17.0 | 11.9 | 6.1 | 1.0 | (0.2) |
| Income Before Tax | 19.3 | 24.0 | 4.9 | 10.8 | 10.9 | 15.0 | 9.5 | 12.3 | 5.9 | 4.0 | 3.6 | (5.9) | 1.5 | 3.8 | 5.7 | 4.9 | 0 | 0 | 0 | 3.4 | 3.6 | 1.6 | 0 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8 | 24.6 | 24.7 | 25.3 | 23.6 | 21.7 | 17.8 | 17.0 | 13.6 | 17.5 | 16.6 | 10.8 | 7.5 | 0 | 0 | 0 |
| Net Income | 19.3 | 24.0 | 5.0 | 10.8 | 10.9 | 14.9 | 9.6 | 12.3 | 5.9 | 4.0 | 3.6 | (5.9) | (2.9) | 3.8 | 5.7 | 4.9 | 4.6 | 4.9 | 6.1 | 4.4 | 3.6 | 1.6 | (0.2) |
| Per Share Data | |||||||||||||||||||||||
| EPS (Basic) | 0.41 | 0.26 | -0.19 | -0.04 | -0.09 | 0.09 | -0.16 | 0.03 | -0.19 | -0.16 | -0.07 | -0.27 | -0.22 | -0.04 | 0.15 | 0.09 | 0.06 | 0.10 | 0.24 | 0.28 | 0.47 | 0.21 | -0.17 |
| EPS (Diluted) | 0.41 | 0.26 | -0.19 | -0.04 | -0.09 | 0.09 | -0.16 | 0.03 | -0.19 | -0.16 | -0.07 | -0.33 | -0.22 | -0.04 | 0.15 | 0.09 | 0.06 | 0.10 | 0.24 | 0.27 | 0.47 | 0.21 | -0.17 |
| Shares Outstanding | 47.2 | 41.8 | 40.2 | 39.3 | 36.5 | 34.6 | 30.7 | 28.7 | 26.0 | 23.9 | 21.8 | 22.1 | 13.5 | 11.0 | 10.2 | 8.6 | 8.6 | 8.6 | 8.6 | 7.8 | 7.7 | 7.7 | 1.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 10.8 | 11.0 | 12.0 | 11.7 | 8.0 | 11.0 | 6.8 | 6.6 | 6.7 | 4.7 | 3.1 | 4.5 | 29.2 | 99.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 47.9 | 18.6 | 0 | 0 | 0 | 0 | 0 | 34.8 | 33.3 | 29.7 | 0 | 0.1 | 11.4 | 0 |
| Inventory | 0 | 4.3 | 27.5 | 3.3 | 0 | 0 | 0 | (1.1) | (0.8) | (0.1) | 7.5 | 15.0 | 0 | 0 |
| Other Current Assets | 0 | 9.5 | 13.0 | 13.2 | 12.5 | 22.7 | 15.9 | 12.7 | 20.8 | 19.4 | 12.4 | 16.4 | 61.8 | 5.6 |
| Total Current Assets | 58.7 | 43.4 | 52.4 | 28.1 | 20.5 | 33.7 | 22.7 | 54.0 | 60.8 | 53.8 | 22.0 | 21.8 | 102.4 | 104.7 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 6.6 | 4.0 | 4.9 | 5.1 | 5.4 | 5.6 | 5.8 | 768.4 | 744.4 | 690.1 | 356.6 | 365.8 | 60.5 | 5.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 115.6 | 95.1 | 101.0 | 111.6 | 114.5 | 117.4 | 115.5 | 111.4 | 118.9 | 105.6 | 28.2 | 31.5 | 3.2 | 0.4 |
| Long-Term Investments | 1,034.1 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 0.5 | 0.1 | 0 | 0 | 1.1 | 0 |
| Other Non-Current Assets | (1,034.1) | 951.9 | 975.1 | 1,057.8 | 1,003.0 | 941.2 | 895.5 | 773.3 | 748.7 | 692.4 | 10 | 10 | (61.5) | (5.4) |
| Total Non-Current Assets | 122.2 | 1,050.9 | 1,081.0 | 1,174.5 | 1,122.9 | 1,064.2 | 1,016.8 | 884.8 | 867.6 | 798.0 | 394.8 | 407.3 | 3.2 | 0.4 |
| Total Assets | 1,246.9 | 1,094.3 | 1,133.5 | 1,202.6 | 1,143.4 | 1,097.9 | 1,039.5 | 938.8 | 928.5 | 851.7 | 416.9 | 429.1 | 105.6 | 105.1 |
| Current Liabilities | ||||||||||||||
| Account Payables | 11.0 | 13.2 | 13.6 | 9.6 | 6.7 | 4.5 | 5.6 | 2.7 | 7.3 | 5.9 | 0 | 0 | 0.3 | 0.2 |
| Short-Term Debt | 36.0 | 1.9 | 75.8 | 23.2 | 33.5 | 53.3 | 51.6 | 59.8 | 55.3 | 58.9 | 33.2 | 31.5 | 0 | 0 |
| Deferred Revenue | 0 | 22.0 | 29.3 | 40.0 | 26.8 | 20.6 | 19.3 | 0 | 2.3 | 2.1 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (14.2) | 0 | 0.7 | 0 | 0 | 0 | 0.0 | (9.7) | (50.7) | (31.3) | (33.2) | 252.4 | (1.2) | (0.3) |
| Total Current Liabilities | 36.0 | 39.6 | 121.9 | 76.2 | 70.5 | 81.4 | 79.4 | 55.3 | 30.5 | 48.2 | 36.5 | 34.2 | 2.9 | 0.2 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 811.5 | 691.5 | 663.1 | 726.0 | 674.0 | 615.4 | 575.0 | 506.2 | 542.6 | 509.4 | 252.8 | 255.1 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (17.3) | (16.2) | (12.6) | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 29.8 | 187.9 | 189.1 | 189.5 | 190.8 | 179.4 | 168.2 | 122.8 | 88.6 | 54.2 | (243.8) | (246.5) | 0 | 0 |
| Total Non-Current Liabilities | 869.0 | 883.4 | 857.3 | 920.7 | 870.3 | 800.5 | 749.1 | 629.0 | 631.2 | 563.6 | 261.9 | 264.4 | 0 | 0 |
| Total Liabilities | 905 | 923.0 | 979.2 | 996.9 | 940.8 | 881.9 | 828.5 | 684.4 | 661.7 | 611.9 | 298.4 | 298.6 | 2.9 | 0.3 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (673.2) | (623.9) | (584.8) | (529.1) | (468.5) | (409.0) | (361.0) | (310.1) | (268.1) | (223.6) | (49.9) | (37.5) | (2.4) | (0.3) |
| Accumulated Other Comprehensive Income | 3.3 | 10.6 | 7.8 | 11.6 | (1.3) | (4.3) | (2.1) | (0.1) | 0.0 | (223.6) | (34.1) | (24.8) | 0 | 0 |
| Total Stockholders' Equity | 341.8 | 171.2 | 153.3 | 203.9 | 201.3 | 213.2 | 208.1 | 249.7 | 266.8 | 239.9 | 118.5 | 130.5 | 102.7 | 104.8 |
| Total Liabilities & Equity | 1,246.9 | 1,094.3 | 1,133.5 | 1,202.6 | 1,143.4 | 1,097.9 | 1,039.5 | 938.8 | 928.5 | 851.7 | 416.9 | 429.1 | 105.6 | 105.1 |
| Debt Metrics | ||||||||||||||
| Total Debt | 856.4 | 697.4 | 744.0 | 754.5 | 713.0 | 674.4 | 632.4 | 566.1 | 542.6 | 509.4 | 286.2 | 286.6 | 0 | 0 |
| Net Debt | 845.6 | 686.5 | 732.0 | 742.9 | 705.1 | 663.4 | 625.6 | 559.5 | 535.9 | 504.7 | 283.1 | 282.1 | (29.2) | (99.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | 19.3 | 24.0 | 4.6 | 10.3 | 9.7 | 14.1 | 9.5 | 12.3 | 5.9 | 4.0 | 3.6 | 1.6 | (0.2) |
| Depreciation & Amortization | 52.2 | 55.8 | 57.9 | 60.2 | 60.4 | 55.4 | 52.1 | 47.6 | 42.8 | 37.5 | 4.3 | 1.0 | 0.0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (4.3) | (5.3) | (5.5) | (3.2) | 2.4 | (0.3) | 0.3 | (2.0) | (5.0) | (2.3) | (0.3) | 0.4 | (0.1) |
| Other Non-Cash Items | 20.9 | (17.6) | 3.5 | 1.9 | (2.4) | (3.7) | (1.8) | (2.3) | 3.1 | 2.0 | 0 | 0 | 0.1 |
| Operating Cash Flow | 88.2 | 57.0 | 60.4 | 69.2 | 70.1 | 65.5 | 60.2 | 55.6 | 46.8 | 41.2 | 7.6 | 2.9 | (0.2) |
| Investing Activities | |||||||||||||
| Capital Expenditure | (21.0) | 0 | (6.7) | (6.8) | (5.3) | (6.4) | 0 | (32.3) | (97.5) | (64.0) | (117.5) | (58.9) | (5.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 94.7 | 0 | (1.5) | (1.6) | (3.1) | (2) | (2.7) | (0.1) | 0 |
| Purchases of Investments | 0 | 0 | (33.7) | (120.4) | (102.3) | (131.2) | 0 | (44.7) | (126.9) | (69.6) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 42.1 | 45.9 | 12.9 | 37.1 | 0 | 14.7 | 37.4 | 17.3 | 2.0 | 0 | 0 |
| Other Investing Activities | (221.4) | (1.7) | (0.5) | (0.7) | (94.8) | 0.1 | (130.5) | (0.6) | 1.5 | 7.3 | (11.0) | (11.1) | 0 |
| Investing Cash Flow | (221.4) | (1.7) | 1.2 | (82.0) | (94.8) | (100.3) | (132.0) | (34.4) | (99.2) | (58.7) | (129.2) | (70.0) | (5.8) |
| Financing Activities | |||||||||||||
| Net Debt Issuance | 150.5 | (45.2) | (9.0) | 38.5 | 37.7 | 40.5 | 61.3 | 15.5 | 22.8 | (15.8) | 104.9 | 0 | 0 |
| Stock Repurchased | (4.5) | (1.7) | (1.6) | (0.4) | (87.7) | 0 | 0 | (0.0) | (0.0) | (38.7) | 146.8 | 0 | 0 |
| Dividends Paid | (68.2) | (62.8) | (60.6) | (71.1) | (67.6) | (63.8) | (58.9) | (54.4) | (50.4) | (42.5) | (8.3) | (2.8) | 0 |
| Other Financing Activities | (4.4) | (1.2) | 0 | 0 | 82.5 | 0 | (6.1) | (0.8) | (4.2) | (4.4) | (2.0) | (0.0) | 0 |
| Financing Cash Flow | 134.7 | (56.3) | (61.5) | 15.7 | 21.8 | 39.4 | 74.2 | (21.2) | 54.4 | 17.0 | 94.6 | (2.8) | 105.1 |
| Cash Position | |||||||||||||
| Net Change in Cash | 1.5 | (1.1) | (1.2) | 4.3 | (2.9) | 6.5 | 2.4 | 0.0 | 2.0 | (0.5) | (27.0) | (69.9) | 99.1 |
| Cash at Beginning | 15.1 | 16.1 | 24.8 | 20.5 | 16.1 | 18.7 | 9.1 | 9.1 | 4.7 | 5.2 | 28.8 | 99.1 | 0 |
| Cash at End | 16.6 | 15.1 | 23.6 | 24.8 | 13.2 | 25.2 | 11.5 | 9.1 | 6.7 | 4.7 | 1.7 | 29.2 | 99.1 |
| Free Cash Flow | 67.2 | 57.0 | 53.7 | 62.4 | 64.8 | 59.1 | 60.2 | 23.3 | (50.7) | (22.9) | (110.0) | (55.9) | (6.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||
| Revenue | 161.3 | 149.4 | 147.6 | 149.0 | 137.7 | 133.2 | 114.4 | 106.8 | 94.8 | 86.4 | 83.8 | 73.8 | 61.3 | 51.3 | 44.0 | 41.9 | 42.6 | 40.9 | 32.8 | 25.9 | 13.5 | 4.3 | 0.3 |
| Gross Profit | 9.6 | 117.9 | 115.3 | 115.8 | 104.7 | 101.5 | 96.6 | 95.3 | 87.1 | 80.5 | 78.5 | 66.2 | 55.2 | 49.7 | 43.0 | 39.8 | 41.7 | 39.9 | 32.8 | 25.9 | 13.5 | 4.3 | 0.3 |
| Operating Income | 60.0 | 51.1 | 50.8 | 44.8 | 36.0 | 36.9 | 36.0 | 35.7 | 33.3 | 33.1 | 34.0 | 59.5 | 29.3 | 26.4 | 23.4 | 18.5 | 4.4 | 21.5 | 17.0 | 11.9 | 6.1 | 1.0 | (0.5) |
| Net Income | 19.3 | 24.0 | 5.0 | 10.8 | 10.9 | 14.9 | 9.6 | 12.3 | 5.9 | 4.0 | 3.6 | (5.9) | (2.9) | 3.8 | 5.7 | 4.9 | 4.6 | 4.9 | 6.1 | 4.4 | 3.6 | 1.6 | (0.2) |
| EPS (Diluted) | 0.41 | 0.26 | -0.19 | -0.04 | -0.09 | 0.09 | -0.16 | 0.03 | -0.19 | -0.16 | -0.07 | -0.33 | -0.22 | -0.04 | 0.15 | 0.09 | 0.06 | 0.10 | 0.24 | 0.27 | 0.47 | 0.21 | -0.17 |
| Balance Sheet | |||||||||||||||||||||||
| Cash & Equivalents | 10.8 | 11.0 | 12.0 | 11.7 | 8.0 | 11.0 | 6.8 | 6.6 | 6.7 | 4.7 | 3.1 | 4.5 | 29.2 | 99.1 | |||||||||
| Total Assets | 1,246.9 | 1,094.3 | 1,133.5 | 1,202.6 | 1,143.4 | 1,097.9 | 1,039.5 | 938.8 | 928.5 | 851.7 | 416.9 | 429.1 | 105.6 | 105.1 | |||||||||
| Total Debt | 856.4 | 697.4 | 744.0 | 754.5 | 713.0 | 674.4 | 632.4 | 566.1 | 542.6 | 509.4 | 286.2 | 286.6 | 0 | 0 | |||||||||
| Stockholders' Equity | 341.8 | 171.2 | 153.3 | 203.9 | 201.3 | 213.2 | 208.1 | 249.7 | 266.8 | 239.9 | 118.5 | 130.5 | 102.7 | 104.8 | |||||||||
| Cash Flow | |||||||||||||||||||||||
| Operating Cash Flow | 88.2 | 57.0 | 60.4 | 69.2 | 70.1 | 65.5 | 60.2 | 55.6 | 46.8 | 41.2 | 7.6 | 2.9 | (0.2) | ||||||||||
| Capital Expenditure | (21.0) | 0 | (6.7) | (6.8) | (5.3) | (6.4) | 0 | (32.3) | (97.5) | (64.0) | (117.5) | (58.9) | (5.8) | ||||||||||
| Free Cash Flow | 67.2 | 57.0 | 53.7 | 62.4 | 64.8 | 59.1 | 60.2 | 23.3 | (50.7) | (22.9) | (110.0) | (55.9) | (6.0) | ||||||||||