Gladstone Commercial (GOOD) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
149.4M
Gross Profit
117.9M
78.89%
Operating Income
51.1M
34.23%
Net Income
24.0M
16.09%
EPS (Diluted)
$0.27
Balance Sheet Metrics
Total Assets
1.1B
Total Liabilities
923.0M
Shareholders Equity
171.3M
Debt to Equity
5.39
Cash Flow Metrics
Operating Cash Flow
64.6M
Free Cash Flow
57.0M
Revenue & Profitability Trend
Gladstone Commercial Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 149.4M | 147.6M | 149.0M | 137.7M | 133.2M |
| Cost of Goods Sold | 31.5M | 32.2M | 33.2M | 33.0M | 31.7M |
| Gross Profit | 117.9M | 115.3M | 115.8M | 104.7M | 101.5M |
| Operating Expenses | 10.9M | 6.7M | 10.8M | 9.5M | 9.2M |
| Operating Income | 51.1M | 50.8M | 44.8M | 36.0M | 36.9M |
| Pre-tax Income | 24.0M | 4.9M | 10.8M | 10.9M | 15.0M |
| Income Tax | - | - | - | - | - |
| Net Income | 24.0M | 4.9M | 10.8M | 10.9M | 15.0M |
| EPS (Diluted) | $0.27 | -$0.19 | -$0.04 | -$0.09 | $0.09 |
Income Statement Trend
Gladstone Commercial Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 43.4M | 52.4M | 28.1M | 20.5M | 33.7M |
| Non-Current Assets | 1.1B | 1.1B | 1.2B | 1.1B | 1.1B |
| Total Assets | 1.1B | 1.1B | 1.2B | 1.1B | 1.1B |
| Liabilities | |||||
| Current Liabilities | 39.6M | 121.9M | 76.2M | 70.5M | 81.4M |
| Non-Current Liabilities | 883.4M | 857.3M | 920.7M | 870.3M | 800.5M |
| Total Liabilities | 923.0M | 979.2M | 996.9M | 940.8M | 881.9M |
| Equity | |||||
| Total Shareholders Equity | 171.3M | 154.3M | 205.7M | 202.6M | 216.0M |
Balance Sheet Composition
Gladstone Commercial Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 24.0M | 4.9M | 10.8M | 10.9M | 15.0M |
| Operating Cash Flow | 64.6M | 52.4M | 67.2M | 65.6M | 68.0M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | 792.0K | 822.0K | -2.2M | 1.9M | -1.8M |
| Financing Activities | |||||
| Dividends Paid | -62.8M | -60.6M | -71.1M | -67.6M | -63.8M |
| Financing Cash Flow | -56.3M | -61.4M | 16.2M | 1.4M | 78.6M |
| Free Cash Flow | 57.0M | 60.4M | 69.2M | 70.1M | 65.5M |
Cash Flow Trend
Gladstone Commercial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
48.57
Forward P/E
48.57
Price to Book
3.64
Price to Sales
4.50
PEG Ratio
48.57
Profitability Ratios
Profit Margin
16.94%
Operating Margin
36.38%
Return on Equity
7.64%
Return on Assets
2.99%
Financial Health
Current Ratio
2.53
Debt to Equity
211.66
Beta
1.16
Per Share Data
EPS (TTM)
$0.30
Book Value per Share
$4.00
Revenue per Share
$3.52
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| good | 680.6M | 48.57 | 3.64 | 7.64% | 16.94% | 211.66 |
| Vici Properties | 34.7B | 13.14 | 1.30 | 10.12% | 67.81% | 65.74 |
| W. P. Carey | 13.8B | 32.54 | 1.65 | 5.01% | 26.78% | 94.04 |
| Global Net Lease | 1.7B | -9.95 | 0.91 | -9.88% | -37.64% | 170.96 |
| American Assets | 1.6B | 15.33 | 1.03 | 8.87% | 17.74% | 148.05 |
| Safehold | 1.1B | 10.82 | 0.48 | 4.44% | 26.69% | 182.70 |
Financial data is updated regularly. All figures are in the company's reporting currency.