Gladstone Commercial Corp.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 61,343 51,270 43,976 41,507
Cost of Revenue 3,348 1,588 986 971
Gross Profit 57,995 49,682 42,990 40,536
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 5,880 5,527 5,435 9,179
Non-Recurring Items 768 949 700 -
Other 22,827 16,831 14,149 13,264
Operating Income 28,520 26,375 22,706 18,093
Income From Continuing Operations
Add'l Income/Expense Items (2,642) (2,388) 84 3,898
Earnings Before Interest and Tax 25,878 23,987 22,790 21,991
Interest Expense 24,351 20,226 17,076 17,063
Earnings Before Tax 1,527 3,761 5,714 4,928
Income Tax - - - -
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 1,527 3,761 5,714 4,928
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 1,527 3,761 5,714 4,928
Preferred Stock and Other Adjustments (4,394) (4,206) (4,156) (4,114)
Net Income Applicable to Common Shareholders (2,867) (445) 1,558 814