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Balance Sheets Overview

Debt to Asset Ratio
73.65%
Unit: Thousand (K) dollars
Assets Breakdown
    • Real estate, at cost
    • Less accumulated depreciation
    • Lease intangibles, net
    • Others
Liabilities Breakdown
    • Additional paid in capital
    • Distributions in excess of accum...
    • Borrowings under term loan a, te...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Real estate, at cost
1,418,722
1,392,680
1,390,445
1,400,357
Less accumulated depreciation
381,606
370,491
359,513
350,153
Total real estate, net
1,037,116
1,022,189
1,030,932
1,050,204
Lease intangibles, net
113,157
112,569
115,579
120,338
Real estate and related assets held for sale
0
11,080
11,260
0
Cash and cash equivalents
10,361
7,964
10,810
18,400
Restricted cash
5,437
5,566
5,781
6,232
Funds held in escrow
2,266
2,085
5,336
5,909
Right-of-use assets from operating leases
3,575
3,641
3,707
3,772
Right-of-use assets from finance leases, net
2,836
2,856
2,877
2,897
Deferred rent receivable, net
49,205
48,753
47,922
46,980
Sales-type lease receivable, net
-
-
0
0
Other assets
19,015
14,285
12,729
10,271
Total assets
1,242,968
1,230,988
1,246,933
1,265,003
Mortgage notes payable, net
244,081
245,991
250,193
255,528
Borrowings under revolver
51,570
34,270
37,370
145,370
Borrowings under term loan a, term loan b and term loan c, net
398,046
397,874
397,702
348,466
Borrowings under unsecured term loan d, net
-
-
-
19,860
Senior unsecured notes, net
158,353
158,250
158,201
74,061
Deferred rent liability, net
-
16,313
17,191
19,129
Advance rent
16,885
-
-
-
Operating lease liabilities
3,688
3,752
3,816
3,879
Finance lease liabilities
2,977
2,973
2,964
2,955
Asset retirement obligation
5,577
5,400
5,363
5,328
Accounts payable and accrued expenses
16,010
14,086
10,959
15,158
Liabilities related to assets held for sale
0
397
397
-
Other liabilities-Related Party
3,478
2,856
3,223
2,468
Other liabilities-Nonrelated Party
14,778
15,193
17,621
17,802
Total liabilities
915,443
897,355
905,000
910,004
Series e and g redeemable preferred stock, net, par value 0.001 per share 25 per share liquidation preference 10,750,886 and 10,750,886 shares authorized and 7,052,334 and 7,052,334 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively
170,041
170,041
170,041
170,041
Senior common stock, par value 0.001 per share 950,000 shares authorized and 378,766 and 379,223 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively
1
1
1
1
Common stock, par value 0.001 per share, 62,639,994 and 62,599,663 shares authorized and 48,407,375 and 48,406,993 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively
48
48
48
48
Series f redeemable preferred stock, par value 0.001 per share 25 per share liquidation preference 25,659,120 and 25,699,451 shares authorized and 717,459 and 750,247 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively
1
1
1
1
Additional paid in capital
840,812
841,256
841,574
841,960
Accumulated other comprehensive income
9,768
6,028
3,314
3,699
Distributions in excess of accumulated earnings
693,257
683,857
673,168
660,883
Total stockholders' equity
157,373
163,477
171,770
184,826
Op units held by non-controlling op unitholders
111
115
122
132
Total equity
157,484
163,592
171,892
184,958
Total liabilities, mezzanine equity and equity
1,242,968
1,230,988
1,246,933
1,265,003
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Real estate, at cost$1,418,722K (5.31%↑ Y/Y)Total real estate, net$1,037,116K (2.91%↑ Y/Y)Lease intangibles,net$113,157K (-0.95%↓ Y/Y)Deferred rentreceivable, net$49,205K (6.16%↑ Y/Y)Other assets$19,015K (82.92%↑ Y/Y)Cash and cashequivalents$10,361K (-11.14%↓ Y/Y)Restricted cash$5,437K (28.23%↑ Y/Y)Right-of-use assets fromoperating leases$3,575K (-6.80%↓ Y/Y)Right-of-use assets fromfinance leases, net$2,836K (-2.81%↓ Y/Y)Funds held in escrow$2,266K (-60.44%↓ Y/Y)Less accumulateddepreciation$381,606K (12.46%↑ Y/Y)Total assets$1,242,968K (2.73%↑ Y/Y)Total liabilities,mezzanine equity and...$1,242,968K (2.73%↑ Y/Y)Total liabilities$915,443K (6.12%↑ Y/Y)Series e and gredeemable preferred...$170,041K (0.00%↑ Y/Y)Total equity$157,484K (-11.19%↓ Y/Y)Borrowings under term loana, term loan b and...$398,046K (14.28%↑ Y/Y)Mortgage notes payable,net$244,081K (-5.35%↓ Y/Y)Senior unsecurednotes, net$158,353K (113.97%↑ Y/Y)Borrowings under revolver$51,570K (-45.35%↓ Y/Y)Advance rent$16,885K Accounts payable andaccrued expenses$16,010K (-19.75%↓ Y/Y)Otherliabilities-Nonrelated Party$14,778K (17.75%↑ Y/Y)Asset retirementobligation$5,577K (6.80%↑ Y/Y)Operating leaseliabilities$3,688K (-6.42%↓ Y/Y)Otherliabilities-Related Party$3,478K (15.51%↑ Y/Y)Finance leaseliabilities$2,977K (1.02%↑ Y/Y)Total stockholders'equity$157,373K (-11.18%↓ Y/Y)Op units held bynon-controlling op unitholders$111K (-14.62%↓ Y/Y)Distributions in excess ofaccumulated earnings$693,257K (7.02%↑ Y/Y)Additional paid in capital$840,812K (2.46%↑ Y/Y)Accumulated othercomprehensive income$9,768K (127.00%↑ Y/Y)Common stock, par value0.001 per share,...$48K (4.35%↑ Y/Y)Series f redeemablepreferred stock, par value...$1K (0.00%↑ Y/Y)Senior common stock,par value 0.001 per...$1K (0.00%↑ Y/Y)

GLADSTONE COMMERCIAL CORP (GOOD)

GLADSTONE COMMERCIAL CORP (GOOD)