Gladstone Commercial (LTS:0IVQ) Long-Term Capital Lease Obligation : $4.1 Mil (As of Sep. 2024)

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What is Gladstone Commercial Long-Term Capital Lease Obligation?

Gladstone Commercial's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.1 Mil.

Gladstone Commercial's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($4.2 Mil) to Jun. 2024 ($4.2 Mil) and declined from Jun. 2024 ($4.2 Mil) to Sep. 2024 ($4.1 Mil).

Gladstone Commercial's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($5.5 Mil) to Dec. 2022 ($5.3 Mil) and declined from Dec. 2022 ($5.3 Mil) to Dec. 2023 ($5.1 Mil).

Gladstone Commercial Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gladstone Commercial's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gladstone Commercial Long-Term Capital Lease Obligation Chart

Gladstone Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5.85

5.69

5.51

5.31

5.09

Gladstone Commercial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.15	5.09	4.24	4.18	4.12

Gladstone Commercial (LTS:0IVQ) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Gladstone Commercial Long-Term Capital Lease Obligation Related Terms

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Gladstone Commercial Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Commercial Corp (LTS:0IVQ) » Definitions » Long-Term Capital Lease Obligation

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Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonecommercial.com

Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.

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