GOOD · XBRL financial data

Gladstone Commercial financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (GOOD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	133	138	149	148	149	161
General and administrative	3	3	4	4	4	4
Total operating expenses	100	103	118	116	103	101
Interest expense	27	27	32	37	37	42
Other income (expense)	—	3	0	0	0	1
Net income (loss)	15	10	9	5	24	19
Earnings per share, basic USD per share	0.09	(0.12)	(0.08)	(0.19)	0.27	0.14
Earnings per share, diluted USD per share	0.09	(0.12)	(0.08)	(0.19)	0.27	0.14
Weighted average shares, basic millions of shares	34	37	39	40	42	47
Weighted average shares, diluted millions of shares	34	37	39	40	42	47

Fiscal years (GOOD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	11	8	12	12	11	11
Right-of-use asset	6	5	5	5	4	4
Total assets	1,098	1,143	1,202	1,133	1,094	1,247
Total liabilities	723	771	827	809	753	905
Total stockholders' equity	213	201	203	153	171	172
Total liabilities and equity	1,098	1,143	1,202	1,133	1,094	1,247
Common shares outstanding (cover page) millions of shares	36	38	40	40	44	48

Fiscal years (GOOD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	15	10	9	5	24	19
Net cash from operating activities	65	70	69	60	57	88
Net cash from investing activities	(100)	(95)	(83)	1	(2)	(221)
Proceeds from issuing common stock	64	145	50	10	55	62
Share repurchases	0	—	0	1	0	0
Dividends paid	64	68	71	61	63	68
Proceeds from long-term debt	38	65	150	0	—	—
Net cash from financing activities	39	22	16	(61)	(56)	135
Net change in cash	5	(3)	3	0	(1)	2

SIC 6519 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6519 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Gladstone Commercial	11	42	21*	48.6M	Q3 FY26 10-QSep 30, 2026
Piedmont Realty Trust	3.9	151	24*	123.8M	Q3 FY26 10-QSep 30, 2026
Boston Omaha	15	22	not reported	not reported	Q2 FY26 10-QJun 30, 2026
Alico	56	9	7.1*	7.4M	Q3 FY26 10-QJun 30, 2026
New England Realty Associates Limited Partnership	25	24	5.3*	not reported	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.