Financial Highlights

GLADSTONE COMMERCIAL CORPORATION (NASDAQ - GOOD)

Period Ending
12/31/09

Balance Sheet

Cash and Cash Equivalents	$5,730,136
Short Term Investments	$2,487,680
Net Receivables	$18,975,196

Property, Plant, and Equipment	$356,641,940
Intangible Assets	$28,177,461
Other Assets	$1,716,905
Deferred Long-Term Asset Charges	$3,136,055

Total Assets

$416,865,373

Accounts Payable	$3,300,381
Short-Term and Current Long-Term Debt	$36,586,274
Deferred Long-Term Liability Charges	$3,213,195

Total Liabilities

$298,414,831

Redeemable Preferred Stock	$2,150
Preferred Stock	$2,150
Common Stock	$8,563
Retained Earnings	$-49,877,753
Capital Surplus	$170,622,581
Other Stockholder Equity	$-2,304,999

Total Stockholder Equity

$118,450,542

Net Tangible Assets

$90,273,081

Income Statement

Total Revenue	$42,608,937
Cost of Revenue	$1,118,802

Gross Profit

$41,490,135

Seling General and Ad	$6,117,351
Non Recurring	$0
Other Operating Expenses	$13,161,287

Operating Income	$22,211,497
Total Other Income and Expenses Net	$843,404
Earnings Before Intrest and Taxes	$22,437,573
Interest Expense	$17,894,536

Income Before Tax

$4,543,037

Net Income from Continuing Operations	$4,399,948
Discontinued Operations	$203,100
Net Income	$4,603,048
Preferred Stock and Other Adjustments	$-4,093,750

Net Income Applicable to Common Shares

$509,298

Cashflow

Depreciation	$14,143,333
Adjustments to Net Income	$-16,488
Changes in Liabilities	$735,492
Changes in Accounts Receivables	$-1,492,390
Changes in Other Operating Activities	$-959,738
Cash Flows from Operating Activities	$17,013,257
Capital Expenditures	$-1,139,711
Investments	$-342,738
Other Cash Flows from Investing Activities	$647,524
Cash Flows from Investing Activities	$-834,925
Dividends Paid	$-16,938,653
Net Borrowings	$-674,941
Other Cash Flows from Financing Activities	$28,282
Cash Flows from Financing Activities	$-17,585,312
Change in Cash and Cash Equivalents	$-1,406,980

SEC filing data provided by EDGAR Online. EDGAR Online, Inc. (EOL) herein make no claims, representations or warranties concerning the accuracy, timeliness or validity of the information provided herein and will not be held liable for any use of this information. All information is provided "As Is" and EOL disclaims any and all warranties, whether expressed or implied, relating to this information, including, without limitation, the warranties of merchantability, fitness for a particular purpose, and non-infringement. In no event shall EOL be liable or responsible for any loss, damage (whether actual, indirect, special, incidental, consequential, punitive, or otherwise), injury, claim, liability, or other cause of any kind or character whatsoever arising out of this information. The information provided herein may be displayed and printed for your internal use only and may not be reproduced, retransmitted, distributed, disseminated, sold, published, broadcast or circulated to anyone, without the express written consent of EOL.