GOOD on Nasdaq

GLADSTONE COMMERCIAL CORP

American Lessors of Real Property company based in McLean. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerGOOD on Nasdaq2
  • IndustryLessors of Real Property, NEC2
  • HeadquartersMcLean, United States2
  • Incorporated inMD3
  • Business address1521 Westbranch Drive, Suite 100, Mclean, Va 221023
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI529900EVVV534W8R0T322
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressSuite 100, 1521 Westbranch Drive, 22102 McLean, United States2

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Gladstone Commercial Corporation (which we refer to as “we,” “us,” or the “Company”) was incorporated under the General Corporation Law of the State of Maryland on February 14, 2003. We have elected to be taxed as a REIT for federal income tax purposes. We focus on acquiring, owning, and managing primarily industrial and office properties. Our shares of common stock, par value $0.001 per share, 6.625% Series E Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series E Preferred Stock”), and 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series G Preferred Stock”), trade on the Nasdaq Global Select Market (“Nasdaq”) under the trading symbols “GOOD,” “GOODN” and “GOODO,” respectively. Our senior common stock, par value $0.001 per share (“Senior Common Stock”) and our 6.00% Series F Cumulative Redeemable Preferred Stock, par value $0.001…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.0%Net margin5
8.0%Revenue growth, 20255
11.2%Return on equity5
4.91×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs88¢$142.1M
  • Profit12¢$19.3M

Out of $161.3M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid77¢$68.2M
  • Kept or used elsewhere23¢$20.0M

Out of $88.2M of cash from operations.5

Financial statements

Revenue67895$161.3M in 2025+41% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $114.4M$114.4M20192020: $133.2M$133.2M2020+16%2021: $137.7M$137.7M2021+3%2022: $149.0M$149.0M2022+8%2023: $147.6M$147.6M2023−1%2024: $149.4M$149.4M2024+1%2025: $161.3M$161.3M2025+8%
Net income67895$19.3M in 2025+100% since 2019
0$10.0M$20.0M$30.0M2019: $9.6M$9.6M20192020: $14.9M$14.9M2020+55%2021: $10.9M$10.9M2021−27%2022: $10.8M$10.8M2022−1%2023: $5.0M$5.0M2023−54%2024: $24.0M$24.0M2024+381%2025: $19.3M$19.3M2025−20%
Fiscal year2019202020212022202320242025
Revenue$114.4M6$133.2M7$137.7M8$149.0M9$147.6M5$149.4M5$161.3M5
Operating expenses$101.6M8$116.2M9$116.1M5$102.8M5$101.4M5
Interest$28.3M6$26.8M7$26.9M8$32.5M8$37.3M8
Net income$9.6M6$14.9M7$10.9M8$10.8M9$5.0M5$24.0M5$19.3M5
Earnings per share-$0.166$0.097-$0.098-$0.049-$0.195$0.275$0.145
Earnings per share (diluted)-$0.166$0.097-$0.098-$0.049-$0.195$0.275$0.145
Shares (weighted, basic)36.5M shares839.0M shares939.9M shares541.8M shares546.5M shares5
Shares (weighted, diluted)36.5M shares839.0M shares939.9M shares541.8M shares546.5M shares5

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Leadership

Who has led GLADSTONE COMMERCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David Gladstone2006–2021

President

  1. George Stelljes Iii.2010
  2. Robert G. Cutlip2012–2022
  3. Arthur S. Cooper2022–now

Chief financial officer

  1. Harry Brill2006
  2. Michael Sodo2016–2020
  3. Gary Gerson2021–now

Chief operating officer

  1. Terry Lee Brubaker2006–2010
2010201520202025
Board members and other officers (26)

Timeline

  1. Oct 3, 2006New chief executive David Gladstone becomes CEO14

Filings

141 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 32 insider forms, 12 large holders, 26 other. The latest 20:

  1. Sep 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Aug 5, 20268-K EDGAR
  3. Aug 5, 202610-Q EDGAR
  4. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Jul 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Jun 5, 20263/A AMENDED INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Jun 3, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Jun 2, 20268-K EDGAR
  9. Jun 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. May 7, 20268-K EDGAR
  11. May 5, 20268-K EDGAR
  12. May 5, 202610-Q EDGAR
  13. May 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Apr 29, 2026SCHEDULE 13G EDGAR
  15. Apr 29, 2026SCHEDULE 13G EDGAR
  16. Apr 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Apr 7, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Mar 30, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Mar 26, 2026SCHEDULE 13G/A EDGAR
  20. Mar 23, 20268-K EDGAR

The 141 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

25 open-market trades by officers, directors and large owners since October 2021: 24 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$13.02$1.3KForm 4
Aug 3, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$12.58$1.3KForm 4
Jul 1, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$12.26$1.2KForm 4
Jun 1, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$12.51$1.3KForm 4
May 1, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$12.66$1.3KForm 4
Apr 1, 2026Carter Ryan StuartExecutive Vice PresidentBuy100$11.48$1.1KForm 4
Feb 25, 2026Gerson GaryChief Financial OfficerBuy275$12.47$3.4KForm 4
Nov 13, 2025Gerson GaryChief Financial OfficerBuy100$11.31$1.1KForm 4
Nov 11, 2025Gerson GaryChief Financial OfficerBuy7,900$11.05$87.3KForm 4
Nov 7, 2025Cooper Arthur S.PresidentBuy7,002$10.70$74.9KForm 4
Nov 6, 2025Gerson GaryChief Financial OfficerBuy500$10.66$5.3KForm 4
May 12, 2025Gerson GaryChief Financial OfficerBuy200$14.33$2.9KForm 4
Feb 21, 2025Gerson GaryChief Financial OfficerBuy175$15.59$2.7KForm 4
Nov 8, 2024Gerson GaryChief Financial OfficerBuy175$17.19$3.0KForm 4
Aug 9, 2024Gerson GaryChief Financial OfficerBuy650$14.61$9.5KForm 4
Sep 15, 2023Gerson GaryChief Financial OfficerBuy400$13.36$5.3KForm 4
May 10, 2023Gerson GaryChief Financial OfficerBuy2,000$11.23$22.5KForm 4
May 9, 2023Gerson GaryChief Financial OfficerBuy6,000$11.24$67.4KForm 4
Mar 6, 2023Beckhorn JayTreasurerBuy250$13.55$3.4KForm 4
Mar 6, 2023Cooper Arthur S.PresidentBuy3,600$13.50$48.6KForm 4

All 25 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,479,792$55.1M0.0%+143,310
Vanguard Portfolio Management LLC2,587,824$31.8M0.0%+51,248
Vanguard Capital Management LLC2,140,893$26.3M0.0%+63,951
State Street Corp1,683,603$20.7M0.0%+164,462
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,668,481$20.5M0.0%+1,645,773
Geode Capital Management, LLC1,446,389$17.8M0.0%+76,695
Invesco Ltd.1,179,627$14.5M0.0%+168,783
Renaissance Technologies LLC1,071,611$13.2M0.0%−98,613
Charles Schwab Investment Management Inc792,620$9.7M0.0%+54,630
Aqr Capital Management LLC714,482$8.8M0.0%+266,923
Dimensional Fund Advisors LP666,879$8.2M0.0%+9,612
Northern Trust Corp514,510$6.3M0.0%+66,245
Goldman Sachs Group Inc494,961$6.1M0.0%−291,017
Morgan Stanley399,382$4.9M0.0%−14,882
Vanguard Fiduciary Trust Co328,543$4.0M0.0%+4,362
Arrowstreet Capital, Limited Partnership312,917$3.8M0.0%−48,329
Jpmorgan Chase & Co273,563$3.4M0.0%+11,450
Quantinno Capital Management LP235,629$2.9M0.0%+53,074
Bank of New York Mellon Corp215,305$2.6M0.0%+20,971
LPL Financial LLC175,518$2.2M0.0%+4,987
Two Sigma Investments, LP168,146$2.1M0.0%+11,025
Stifel Financial Corp165,171$2.0M0.0%−16,416
XML Financial, LLC162,387$2.0M0.1%−28,550
State of New Jersey Common Pension Fund D160,994$2.0M0.0%−88,696
Strategic Financial Concepts, LLC151,511$1.9M0.6%+7,088

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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