Gladstone Commercial Reit Corp (GOOD) financials
Gladstone Commercial Reit revenue and earnings by year
Gladstone Commercial Reit's revenue was $161 million in the fiscal year to December 31, 2025, up 8.0% from the year before. Net income was $19.3 million, 12.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 161 | 149 | 148 | 149 | 138 | 133 | 114 | 107 | 95 | 86 |
| Revenue growth | 8.0% | 1.2% | -0.9% | 8.2% | 3.4% | 16.4% | 7.1% | 12.7% | 9.8% | — |
| Operating income | 60 | 47 | 31 | 33 | 36 | 33 | 34 | 36 | 26 | 31 |
| Operating margin | 37.2% | 31.2% | 21.3% | 22.0% | 26.2% | 25.0% | 29.9% | 33.4% | 27.9% | 35.6% |
| Net income | 19 | 24 | 5 | 11 | 11 | 15 | 10 | 12 | 6 | 4 |
| Net margin | 12.0% | 16.1% | 3.4% | 7.3% | 7.9% | 11.2% | 8.4% | 11.5% | 6.3% | 4.6% |
| Diluted EPS | $0.14 | $0.27 | -$0.19 | -$0.04 | -$0.09 | $0.09 | -$0.16 | $0.03 | -$0.19 | -$0.16 |
| Free cash flow | -133 | 54 | 60 | -11 | -27 | -33 | -71 | 22 | -54 | -25 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open GOOD in Markets.
See also: GOOD valuation and P/E history · GOOD returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.