Gladstone Commercial Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $10.8M | $11.0M | $12.0M | $11.7M | $8.0M | $11.0M | $6.8M | $6.6M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $115.6M | $95.1M | $101.0M | $111.6M | $114.5M | $117.4M | $115.5M | $111.4M |
| Total Assets | $1.25B | $1.09B | $1.13B | $1.20B | $1.14B | $1.10B | $1.04B | $938.8M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $843.5M | $693.4M | $738.9M | $749.2M | $707.5M | $669.3M | $626.6M | $566.1M |
| Total Liabilities | $905.0M | $753.0M | $809.2M | $826.9M | $770.5M | $722.6M | $676.3M | $598.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | — | — | — | — | — | — | — | — |
| Total Stockholders' Equity | $171.8M | $171.2M | $153.3M | $203.9M | $200.9M | $213.2M | $208.1M | $249.7M |