Gladstone Commercial Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.3M | $7.0M | $5.4M | $4.1M | $4.6M | $5.1M | $7.2M | $11.7M |
| Depreciation & Amortization | $15.0M | $14.8M | $15.5M | $15.3M | $14.2M | $13.2M | $13.1M | $13.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $3.8M | $3.8M | $4.3M | $4.5M | $3.8M | $3.4M | $3.4M | $3.6M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $17.6M | $17.9M | $15.7M | $18.9M | $35.8M | $17.7M | $22.8M | $5.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-12.3M | $1.3M | $-3.1M | $-62.8M | $-80.0M | $-75.5M | $-10.4M | $2.8M |
| Financing Activities | ||||||||
| Dividends Paid | $17.6M | $17.6M | $17.6M | $17.1M | $16.9M | $16.5M | $16.3M | $16.1M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-3.0M | $-22.3M | $-20.7M | $52.7M | $44.7M | $58.1M | $-11.9M | $-8.3M |
| Net Change in Cash | $2.3M | $-3.1M | $-8.0M | $8.7M | $539.0K | $287.0K | $544.0K | $111.0K |
| Free Cash Flow | — | — | — | — | — | — | — | — |