GLADSTONE COMMERCIAL CORP GOODO Income Statement

Gladstone commercial corp (GOODO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Operating revenues
Lease revenue
119,869	114,387	112,262	110,186	108,582	106,798	106,089	103,313	99,198	94,799	89,993	87,383	85,795	84,498	83,691	83,139	82,261	80,892	78,591	76,306	73,914	71,211	68,679	66,118	62,688	59,769	57,363	54,434	52,567	50,915	48,598	46,805	45,211	43,632	42,458	41,783	0	0	0
Tenant recovery revenue
-	-	-	-	-	-	-	-	-	-	1,562	1,396	1,364	1,489	1,824	1,877	1,914	1,753	1,364	1,476	1,852	2,079	2,624	2,458	1,756	1,574	910	619	638	355	350	346	346	344	340	334	0	0	0
Interest income from mortgage note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	385	671	956	1,238	1,121	932	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total operating revenues
119,869	114,387	112,262	110,186	108,582	106,798	104,790	102,564	98,838	94,799	91,555	88,779	87,159	86,372	86,186	85,972	85,413	83,766	81,159	78,798	76,500	73,756	71,400	68,576	64,444	61,343	58,273	55,053	53,205	51,270	48,948	47,151	45,557	43,976	42,842	42,350	0	0	0
Operating expenses
Depreciation and amortization
53,125	52,039	51,065	49,893	49,044	47,620	47,285	46,307	44,460	42,795	40,396	39,026	38,305	37,517	36,925	36,472	36,214	35,288	33,917	32,427	30,351	28,864	27,560	26,297	24,646	22,827	21,033	19,056	17,828	16,831	15,847	15,200	14,683	14,149	13,754	13,515	0	0	0
Property operating expenses
15,737	12,592	12,542	11,978	11,734	11,458	10,871	10,411	9,100	7,688	6,498	5,730	5,659	5,889	5,998	6,200	5,944	5,296	4,629	4,219	4,343	4,711	5,017	4,679	3,941	3,348	2,722	2,203	1,992	1,588	1,267	1,173	1,022	986	1,013	992	0	0	0
Acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	825	920	1,524	1,438	1,348	1,278	693	768	766	720	974	949	1,311	1,395	998	700	0	0	0	-	-
Base management fee
5,345	5,200	5,109	5,059	5,026	5,054	5,132	5,167	5,114	5,000	4,806	4,601	4,250	3,930	3,673	3,473	3,483	3,474	3,356	3,225	3,025	2,798	2,683	2,501	2,286	2,014	1,710	1,506	1,427	1,467	1,532	1,607	1,670	1,629	1,515	1,381	0	0	0
Incentive fee
3,888	3,688	3,532	3,367	3,200	3,000	2,895	2,735	2,553	2,422	2,304	2,228	2,332	2,381	2,433	2,490	3,595	4,650	4,054	4,971	4,738	4,305	5,504	5,104	4,510	4,201	3,958	3,747	3,601	3,569	3,462	3,412	3,465	3,398	3,619	3,571	0	0	0
Administration fee
1,728	1,690	1,600	1,640	1,600	1,600	1,479	1,332	1,312	1,272	1,382	1,400	1,430	1,474	1,450	1,465	1,461	1,419	1,343	1,277	1,396	1,526	1,701	1,715	1,597	1,467	1,274	1,272	1,170	1,118	1,113	1,083	1,078	1,024	1,115	1,092	0	0	0
General and administrative
3,456	3,235	2,637	2,551	2,369	2,358	2,346	2,486	2,461	2,366	2,280	2,200	2,351	2,388	2,925	2,801	2,614	2,716	2,870	2,962	2,913	2,689	1,906	1,745	1,732	1,655	1,707	1,673	1,600	1,594	1,435	1,473	1,426	1,497	3,206	3,267	0	0	0
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	6,835	3,999	5,785	5,719	2,016	2,638	852	0	-	0	0	-	14,238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses before credit to incentive fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,465	51,616	50,281	48,570	60,569	59,957	57,277	53,363	36,280	33,170	30,177	28,592	27,116	25,967	25,343	24,342	23,383	24,416	23,811	0	0	0
Credit to incentive fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	2,501	3,352	2,993	3,013	3,979	4,117	4,077	3,457	2,918	2,464	2,221	2,221	2,148	2,441	2,212	2,113	1,815	0	0	-	0
Total operating expenses
85,057	80,231	76,540	74,517	73,001	71,137	72,771	71,216	68,031	68,337	61,665	60,970	60,046	55,595	54,832	53,303	52,465	50,965	48,965	46,779	45,427	57,406	55,978	53,160	49,286	32,823	30,252	27,713	26,371	24,895	23,819	22,902	22,130	21,270	22,657	22,824	0	0	0
Other (expense) income
Interest expense
28,300	28,279	28,303	27,664	27,190	26,172	25,624	25,212	24,625	24,570	24,475	24,694	25,329	25,902	26,750	27,554	27,974	28,014	27,646	27,183	26,693	26,197	25,816	25,710	24,965	24,351	23,538	22,194	21,315	20,226	19,154	18,176	17,492	17,076	16,979	17,101	0	0	0
Distributions attributable to Series C Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	1,502	-1,927	-2,744	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
(Loss) gain on sale of real estate, net
-12	2,952	3,871	3,871	3,871	2,763	1,844	1,845	-69	3,993	4,259	4,234	6,148	242	-24	0	0	-	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (loss) income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income - employee loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Other income
-	-	296	196	-	72	105	69	73	52	20	20	345	343	300	297	-14	14	114	151	155	174	165	145	130	101	68	88	118	127	136	108	67	84	3,364	3,360	0	0	0
Total other expense, net
-27,686	-24,615	-24,136	-23,597	-23,189	-23,337	-23,675	-23,298	-24,621	-20,525	-20,195	-20,570	-19,652	-26,819	-27,124	-28,462	-29,193	-29,205	-25,001	-24,501	-22,767	-22,252	-27,154	-27,068	-27,578	-26,993	-26,214	-24,850	-23,941	-22,614	-20,866	-19,230	-17,892	-16,992	-13,559	-13,642	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
7,126	9,541	11,586	12,072	12,392	12,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (income) attributable (available) to OP Units held by Non-controlling OP Unitholders
-141	-87	17	33	49	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to the Company
7,267	9,628	11,569	12,039	12,343	12,320	8,344	8,050	6,186	5,937	9,695	7,239	7,461	3,958	4,230	4,207	3,755	3,596	7,193	7,518	8,306	-5,902	-11,732	-11,652	-12,420	1,527	1,807	2,490	2,893	3,761	4,263	5,019	5,535	5,714	6,626	5,884	0	0	0
Distributions attributable to Series A, B, D, and E preferred stock
10,888	10,822	10,449	10,449	10,446	10,416	10,363	10,271	10,099	9,890	9,683	9,165	7,991	6,645	5,315	4,336	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,093	4,093	0	0	0
Distributions attributable to senior common stock
876	892	906	915	923	931	942	954	970	986	998	1,005	1,007	1,011	1,016	1,025	1,035	1,007	943	817	666	542	442	388	347	300	247	194	147	113	87	73	66	62	50	0	0	0	-
Net (loss) income (attributable) available to common stockholders
-7,171	-4,760	214	675	974	973	-2,961	-3,175	-4,883	-4,939	-986	-2,931	-1,537	-3,698	-2,103	-1,156	-1,378	-1,505	2,156	2,607	3,546	-10,538	-16,268	-16,134	-16,861	-2,867	-2,532	-1,796	-1,347	-445	82	852	1,375	1,558	2,483	1,757	0	0	0
(Loss) earnings per weighted average share of common stock - basic & diluted
Loss from continuing operations (net of dividends attributable to preferred stock)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-0.05	-	-	-0.01	-0.02	0.02	-0.01	0.07	0.04	0.05	-	-
(Loss) earnings (attributable) available to common shareholders (in dollars per share)
-0.02	-0.18	-0.02	-0.02	0.06	-0.01	-0.01	-0.01	0.06	-0.17	-0.01	-0.08	0.07	-0.01	-0.10	-0.03	-0.02	0.06	-0.06	-0.04	-0.03	0.36	-0.05	0.01	-0.93	-0.05	-0.06	-0.05	-0.06	-0.03	-0.01	-0.02	0.02	-0.01	0.07	0.04	0.05	-	-
Weighted average shares of common stock outstanding
Basic and Diluted (in shares)
33,634	31,784	31,032	30,449	29,516	29,110	28,734	28,437	28,420	27,957	27,234	25,276	24,963	24,037	23,509	22,684	22,545	-	-	-	-	-	-	-	15,746	-	-	-	11,230	-	-	-	-	-	-	-	-	-	-
Distributions declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.37	0.37	0.37	0.37	-	0.37	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.37	0.37	-	-	-	-	-	-	-
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.00
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.00
Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,403	20,833	20,210	-	17,739	16,547	-	-	14,196	12,380	-	-	10,945	10,945	10,945	10,971	10,936	9,782	9,258	8,563	8,545
Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,403	20,833	20,210	-	17,739	16,894	-	-	14,196	12,380	-	-	10,945	10,945	11,006	11,022	10,988	9,834	9,310	8,577	8,545
Earnings per weighted average share of senior common stock (in dollars per share)
0.26	0.27	0.26	0.26	0.26	0.26	0.27	0.26	0.26	0.27	0.26	0.26	0.26	0.27	0.26	0.26	0.26	0.27	0.26	0.26	0.26	0.27	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.27	0.26	0.26	0.27	0.28	0.26	0.26	0.25	0.26	0.26
Weighted average shares of senior common stock outstanding - basic (in shares)
793	817	854	861	864	875	886	891	895	913	932	950	958	959	959	959	964	984	993	995	866	741	518	421	385	369	313	261	204	157	112	84	70	60	59	59	59	16	1
Comprehensive income
Change in unrealized loss related to interest rate hedging instruments, net
-3,784	-1,978	-3,546	-2,677	-1,400	-183	892	640	530	35	172	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Comprehensive Income (Loss), Net of Tax
-3,784	-1,978	-3,546	-2,677	-1,400	-183	892	640	530	35	172	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
7,267	9,628	11,569	12,039	12,343	12,320	8,344	8,050	6,186	5,937	7,327	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
3,342	7,563	8,040	9,395	10,992	12,141	9,236	8,690	6,716	5,972	7,499	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive loss (income) attributable (available) to OP Units held by Non-controlling OP Unitholders
-141	-87	17	33	49	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive (loss) income (attributable) available to the Company
3,483	7,650	8,023	9,362	10,943	12,137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-