Gladstone Commercial Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $161.3M | $149.4M | $147.6M | $149.0M | $137.7M | $133.2M | $114.4M | $106.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.0M | $3.9M | $4.4M | $3.7M | $3.2M | $3.3M | $3.2M | $2.4M |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | $37.3M | $32.5M | $26.9M | $26.8M | $28.3M | $26.2M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $19.3M | $24.0M | $5.0M | $10.8M | $10.9M | $14.9M | $9.6M | $12.3M |
| Net Margin | 12.0% | 16.1% | 3.4% | 7.3% | 7.9% | 11.2% | 8.4% | 11.5% |
| EPS (Basic) | $0.14 | $0.27 | $-0.19 | $-0.04 | $-0.09 | $0.09 | $-0.16 | $0.03 |
| EPS (Diluted) | $0.14 | $0.27 | $-0.19 | $-0.04 | $-0.09 | $0.09 | $-0.16 | $0.03 |
| Shares Outstanding (Basic) | 46.5M | 41.8M | 39.9M | 39.0M | 36.5M | 34.0M | 30.7M | 28.7M |
| Shares Outstanding (Diluted) | 46.5M | 41.8M | 39.9M | 39.0M | 36.5M | 34.0M | 30.7M | 28.7M |
| Dividends Per Share | $1.20 | $1.20 | $1.20 | $1.50 | $1.50 | $1.50 | $1.50 | $1.50 |