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Gladstone Commercial Company profile

About Gladstone Commercial Corporation

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing primarily office and industrial properties. The Company conducts its activities, including the ownership of its properties, through Gladstone Commercial Limited Partnership (Operating Partnership). The Company's properties are located in various states of the United States, such as Ohio, Pennsylvania, North Carolina, Georgia, South Carolina, Michigan, Minnesota, Colorado and New Jersey. The Company's properties have tenants from various industries, such as telecommunications, healthcare, automobile, diversified/conglomerate services, Beverage, Food & Tobacco, Information Technology, diversified/conglomerate manufacturing, plastics and rubber, containers, and personal and non-durable consumer products.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Gladstone Commercial Corporation revenues increased 3% to $137.7M. Net loss applicable to common stockholders totaled $4.6M vs. income of $3.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects G/L on sale of inv properties - property decrease from $8.1M (income) to $1.1M (expense).

Equity composition

Common Stock $.001 Par, 03/11, 40,200,000 auth., 8,724,613 issd. Insiders owns 4.65%. Senior Common stock, auth., 75M., 59,057 issd shares, Insiders 1% IPO: 8/18/03, 6.6M shares @$15 per share by Ferris, Baker Watts. 7.75% Series A Cumulative Redeemable Preferred Stock $.001 Par, 6/09, 2.3M auth., 2,150,000 issd.