Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GOODN SEC filings page.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) reported $171.8M in revenue over the twelve months to Sep 30, 2026, up 10.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business expands revenue and cash generation while financing more of its asset base with debt, leaving earnings sensitive to interest costs.
Operating cash flow increased54.8% in FY2025 while net income fell19.6% , showing cash generation diverged sharply from accounting profit. At the same time, debt-to-equity reached 4.9x as long-term debt rose21.6% , so stronger cash flow coexisted with a more leveraged funding structure.
Revenue grew
Liabilities represented
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock scores 65/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock scores 75/100 on it among other REITs.
Not available for Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock scores 68/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock scores 27/100 on it among other REITs.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock generates $4.57 in operating cash flow ($88.2M OCF vs $19.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock generated $42.4M in revenue in Q3 2026. This represents an increase of 3.9% from the same quarter a year earlier. Against the prior quarter it is down 3.6%.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock reported a net loss of $2.1M in Q3 2026. This represents a decrease of 149.8% from the same quarter a year earlier. Against the prior quarter it is down 124.9%.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock earned -$0.11 per diluted share (EPS) in Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock held $10.8M in cash against $858.3M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock's net profit margin was -4.9% in Q3 2026, showing the share of revenue converted to profit. This is down 15.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.6 percentage points.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock's quarterly ROE was -1.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.6 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
GOODN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.4M+3.9% | $44.0M+11.3% | $41.9M+11.8% | $43.5M+16.3% | $40.8M+4.1% | $39.5M+6.7% | $37.5M+5.0% | $37.4M+4.1% |
| SG&A Expenses | $879K-4.5% | $1.2M-15.6% | $1.0M+13.7% | $835K+2.3% | $920K-5.2% | $1.4M+33.8% | $885K-15.5% | $816K-11.9% |
| Interest Expense | $11.6M+8.5% | $11.4M+13.3% | $11.5M+25.3% | $12.0M+31.5% | $10.7M+15.1% | $10.1M+6.3% | $9.1M-3.8% | $9.1M-3.7% |
| Net Income | -$2.1M-149.8% | $8.3M+78.4% | $7.0M+35.7% | $5.4M-25.1% | $4.1M-64.6% | $4.6M+187.6% | $5.1M+45.7% | $7.2M+58.4% |
| EPS (Basic) | -$0.11 | $0.11 | $0.08+100.0% | $0.05-50.0% | $0.02 | $0.03n/m | $0.04 | $0.10 |
| EPS (Diluted) | -$0.11 | $0.11 | $0.08+100.0% | $0.05-50.0% | $0.02 | $0.03n/m | $0.04 | $0.10 |
| Diluted Shares (Avg) | 48M | 48M | 48M+8.5% | N/A | 47M | 46M+14.7% | 45M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
GOODN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-1.5% | $1.2B+2.7% | $1.2B+6.1% | $1.2B+13.9% | $1.3B+15.4% | $1.2B+9.4% | $1.2B+5.0% | $1.1B-3.5% |
| Cash & Equivalents | $10.8M-41.6% | $10.4M-11.1% | $8.0M-23.3% | $10.8M-1.3% | $18.4M+74.7% | $11.7M+11.9% | $10.4M-0.7% | $11.0M-8.6% |
| Total Liabilities | $927.6M+1.9% | $915.4M+6.1% | $897.4M+11.2% | $905.0M+20.2% | $910.0M+20.2% | $862.6M+9.2% | $807.0M+2.6% | $753.0M-6.9% |
| Long-Term Debt | $858.3M+1.8% | $852.0M+7.3% | $836.4M+12.9% | $843.5M+21.6% | $843.3M+21.7% | $794.4M+9.9% | $740.7M+3.0% | $693.4M-6.2% |
| Total Equity | $148.0M-19.9% | $157.4M-11.2% | $163.5M-10.8% | $171.8M+0.3% | $184.8M+9.4% | $177.2M+21.6% | $183.2M+24.4% | $171.2M+11.7% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.
GOODN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.9M+10.7% | $17.6M-51.0% | $17.9M+1.3% | $15.7M-31.0% | $18.9M+241.1% | $35.8M+163.5% | $17.7M+17.7% | $22.8M+91.8% |
| Depreciation & Amortization | $15.4M+1.1% | $15.0M+5.0% | $14.8M+11.7% | $15.5M+18.2% | $15.3M+14.4% | $14.2M-11.0% | $13.2M-0.6% | $13.1M-4.6% |
| Investing Cash Flow | -$9.6Mn/m | -$12.3Mn/m | $1.3Mn/m | -$3.6Mn/m | -$62.3M-2300.8% | -$80.0Mn/m | -$75.5M-508.6% | -$10.4M-319.3% |
| Financing Cash Flow | -$9.9M-119.1% | -$3.0M-106.7% | -$22.3M-138.4% | -$20.2Mn/m | $52.1Mn/m | $44.7Mn/m | $58.1Mn/m | -$11.9Mn/m |
| Dividends Paid | $17.6M+2.7% | $17.6M+3.8% | $17.6M+6.7% | $17.6M+8.1% | $17.1M+6.8% | $16.9M+10.9% | $16.5M+8.6% | $16.3M+7.2% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
GOODN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -4.9%-15.0pp | 18.8%+7.1pp | 16.6%+2.9pp | 12.4%-6.8pp | 10.1%-19.6pp | 11.7%+7.4pp | 13.7%+3.8pp | 19.2%+6.6pp |
| Return on Equity | -1.4%-3.6pp | 5.3%+2.6pp | 4.3%+1.5pp | 3.1%-1.1pp | 2.2%-4.7pp | 2.6%+1.5pp | 2.8%+0.4pp | 4.2%+1.2pp |
| Return on Assets | -0.2%-0.5pp | 0.7%+0.3pp | 0.6%+0.1pp | 0.4%-0.2pp | 0.3%-0.7pp | 0.4%+0.2pp | 0.4%+0.1pp | 0.7%+0.3pp |
| Debt-to-Equity | 5.80+1.2x | 5.41+0.9x | 5.12+1.1x | 4.91+0.9x | 4.56+0.5x | 4.48-0.5x | 4.04-0.8x | 4.05-0.8x |
| Liabilities-to-Equity | 6.27+1.3x | 5.82+0.9x | 5.49+1.1x | 5.27+0.9x | 4.92+0.4x | 4.87-0.6x | 4.40-0.9x | 4.40-0.9x |
| Asset Turnover | 0.030.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock GOODN | FY2025 | $161.3M | $19.3M | 11.9% | N/A | 59/100 |
| VICI Properties Inc. VICI | FY2025 | $4.0B | $2.8B | 69.3% | $27.8B | 72/100 |
| W.P. Carey Inc. (REIT) WPC | FY2025 | $1.7B | $466.4M | 27.2% | $15.0B | 52/100 |
| Broadstone Net Lease, Inc. BNL | FY2025 | $454.1M | $96.5M | 21.3% | $3.4B | 64/100 |
| Global Net Lease, Inc. GNL | FY2025 | $495.3M | -$269.2M | -54.4% | $1.6B | 16/100 |
| American Assets Trust, Inc. AAT | FY2025 | $436.2M | $55.6M | 12.8% | $1.3B | 42/100 |
Where Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock Ranks
Frequently Asked Questions
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) reported $161.3M in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) revenue grew by 8.0% year-over-year, from $149.4M to $161.3M in fiscal year 2025.
Yes, Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) reported a net income of $18.6M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $19.3M, with a net profit margin of 11.9%.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) reported diluted earnings per share of $0.14 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
As of fiscal year 2025, Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had $10.8M in cash and equivalents against $843.5M in long-term debt.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had a net profit margin of 11.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) paid $1.20 per share in dividends during fiscal year 2025.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) has a return on equity of 11.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) generated $88.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had a debt-to-equity ratio of 4.91 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had a liabilities-to-equity ratio of 5.27 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) has an earnings quality ratio of 4.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock (GOODN) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Gladstone Commercial Corporation 6.625% Series E Cumulative Redeemable Preferred Stock it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.