Gladstone Commercial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Series F Preferred Stock	Series G Preferred Stock	Total Stockholders' Equity	Total Stockholders' Equity Series F Preferred Stock	Total Stockholders' Equity Series G Preferred Stock	Preferred Stock Series F Preferred Stock	Common and Senior Common Stock	Common and Senior Common Stock Series F Preferred Stock	Common and Senior Common Stock Senior Common Stock	Additional Paid in Capital	Additional Paid in Capital Series F Preferred Stock	Accumulated Other Comprehensive Income	Distributions in Excess of Accumulated Earnings	Distributions in Excess of Accumulated Earnings Series F Preferred Stock	Distributions in Excess of Accumulated Earnings Series G Preferred Stock	Non-Controlling Interest
Preferred stock, beginning balance (in shares) at Dec. 31, 2021							422,920
Common stock, beginning balance (in shares) at Dec. 31, 2021								37,473,587		600,061
Beginning balance at Dec. 31, 2021	$ 202,177			$ 200,918			$ 0	$ 37		$ 1	$ 671,134		$ (1,346)	$ (468,908)			$ 1,259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock and Series F preferred stock, net (in shares)							247,975		2,130,056
Issuance of common stock and Series F preferred stock, net		$ 48,636			$ 48,636		$ 1		$ 2			$ 48,633
Conversion of senior common stock to common stock (in shares)								140,716		(168,997)
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders	(71,481)			(71,027)										(71,027)			(454)
Comprehensive income	12,115			12,115									12,115
Reclassification into interest expense	871			871									871
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net	2,394																2,394
Redemption of Series F preferred stock, net		164			164							174			$ (10)
Stock repurchased			$ 37			$ 37										$ 37
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	0			1,386							1,386						(1,386)
Net income	10,782			10,805										10,805			(23)
Preferred stock, ending balance (in shares) at Dec. 31, 2022							670,895
Common stock, ending balance (in shares) at Dec. 31, 2022								39,744,359		431,064
Ending balance at Dec. 31, 2022	205,694			203,904			$ 1	$ 39		$ 1	721,327		11,640	(529,104)			1,790
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock and Series F preferred stock, net (in shares)							247,706		238,078
Issuance of common stock and Series F preferred stock, net		7,119			7,119		$ 0		$ 1			7,118
Conversion of senior common stock to common stock (in shares)								18,114		(24,639)
Retirement of senior common stock, net	52			52							52
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders	(61,106)			(60,649)										(60,649)			(457)
Comprehensive income	(4,853)			(4,853)									(4,853)
Reclassification into interest expense	971			971									971
Redemptions of OP units (in shares)								80,825
Redemptions of OP Units	0			1,040							1,040						(1,040)
Redemption of Series F preferred stock, net		466			466							477			(11)
Stock repurchased	998		$ 3	998		$ 3					998					$ 3
Repurchase of common stock, net (in shares)								(80,780)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	0			(756)							(756)						756
Net income	$ 4,922			4,985										4,985			(63)
Preferred stock, ending balance (in shares) at Dec. 31, 2023							918,601
Common stock, ending balance (in shares) at Dec. 31, 2023	40,000,596							40,000,596		406,425
Ending balance at Dec. 31, 2023	$ 154,266			153,280			$ 1	$ 40		$ 1	730,256		7,758	(584,776)			986
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock and Series F preferred stock, net (in shares)							70,020		3,699,597
Issuance of common stock and Series F preferred stock, net		51,725			51,725				$ 4			51,721
Conversion of senior common stock to common stock (in shares)								14,676		(17,235)
Distributions declared to common, senior common, preferred stockholders and Non-controlling OP Unit holders	(63,304)			(63,120)										(63,120)			(184)
Comprehensive income	2,702			2,702									2,702
Reclassification into interest expense	188			188									188
Redemptions of OP units (in shares)								271,169
Redemptions of OP Units	0			3,865							3,865						(3,865)
Redemption of Series F preferred stock, net (in shares)							(74,068)
Redemption of Series F preferred stock, net		$ 1,684			$ 1,684							$ 1,698			$ (14)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	0			(3,151)							(3,151)						3,151
Net income	$ 24,040			23,998										23,998			42
Preferred stock, ending balance (in shares) at Dec. 31, 2024							914,553
Common stock, ending balance (in shares) at Dec. 31, 2024	43,986,038							43,986,038		389,190
Ending balance at Dec. 31, 2024	$ 171,301			$ 171,171			$ 1	$ 44		$ 1	$ 784,389		$ 10,648	$ (623,912)			$ 130