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Gladstone Commercial Corporation (GOOD)

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Upturn Advisory Summary
12/08/2025: GOOD (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $12.5
1 Year Target Price $12.5
| 1 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 21.02% | Avg. Invested days 85 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 528.31M USD | Price to earnings Ratio 56.95 | 1Y Target Price 12.5 |
Price to earnings Ratio 56.95 | 1Y Target Price 12.5 | ||
Volume (30-day avg) 5 | Beta 1.1 | 52 Weeks Range 10.46 - 15.60 | Updated Date 12/8/2025 |
52 Weeks Range 10.46 - 15.60 | Updated Date 12/8/2025 | ||
Dividends yield (FY) 11.04% | Basic EPS (TTM) 0.19 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.59% | Operating Margin (TTM) 35.55% |
Management Effectiveness
Return on Assets (TTM) 3% | Return on Equity (TTM) 6.08% |
Valuation
Trailing PE 56.95 | Forward PE 25.97 | Enterprise Value 1356388520 | Price to Sales(TTM) 3.4 |
Enterprise Value 1356388520 | Price to Sales(TTM) 3.4 | ||
Enterprise Value to Revenue 8.75 | Enterprise Value to EBITDA 11.7 | Shares Outstanding 48401155 | Shares Floating 47800981 |
Shares Outstanding 48401155 | Shares Floating 47800981 | ||
Percent Insiders 1.2 | Percent Institutions 51.06 |
Upturn AI SWOT
Gladstone Commercial Corporation

Company Overview
History and Background
Gladstone Commercial Corporation (NASDAQ: GOOD) was founded in 2003 and is a publicly traded real estate investment trust (REIT). It focuses on acquiring, owning, and operating net-leased industrial and commercial properties. The company has grown through strategic acquisitions and a consistent dividend payout strategy.
Core Business Areas
- Net-Leased Industrial Properties: Gladstone Commercial specializes in acquiring and owning single-tenant net-leased industrial properties. These properties are leased to creditworthy tenants on a long-term basis, with tenants typically responsible for operating expenses, maintenance, and taxes.
- Net-Leased Commercial Properties: The company also owns and operates net-leased commercial properties, which can include office buildings and other business-related facilities. Similar to industrial properties, these are leased to single tenants on a long-term, net basis.
Leadership and Structure
Gladstone Commercial Corporation is externally managed by Gladstone Management, L.P. The company's leadership team is comprised of experienced professionals in real estate, finance, and management. It operates as a REIT, which requires distributing a significant portion of its taxable income to shareholders annually.
Top Products and Market Share
Key Offerings
- Net-Leased Real Estate Portfolio: Gladstone Commercial's primary 'offering' is its diversified portfolio of net-leased industrial and commercial real estate assets. The company's revenue is primarily derived from rental income generated from these properties. Market share data for specific product lines is not directly applicable as it's a real estate owner and operator. Competitors are other REITs and private real estate investment firms.
Market Dynamics
Industry Overview
The net-leased industrial and commercial real estate sector is influenced by economic growth, tenant credit quality, interest rate environments, and supply/demand dynamics for industrial and commercial space. The industrial sector, in particular, has seen strong demand driven by e-commerce and supply chain adjustments.
Positioning
Gladstone Commercial is positioned as a stable income-generating REIT with a focus on creditworthy tenants and long-term leases. Its competitive advantages include its experienced management team, diversified tenant base, and a strategy of acquiring properties with potential for rent growth.
Total Addressable Market (TAM)
The total addressable market for net-leased industrial and commercial real estate in the US is substantial, estimated in the hundreds of billions of dollars. Gladstone Commercial, as a mid-sized REIT, targets specific segments within this market through its acquisition strategy. Its current market capitalization provides a proxy for its current share within this broader market, though direct TAM penetration figures are not readily available.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of net-leased properties across multiple industries.
- Strong focus on creditworthy tenants with long-term lease agreements.
- Experienced management team with a proven track record in real estate investment.
- Consistent dividend payouts providing income to shareholders.
Weaknesses
- Reliance on external management may lead to agency costs.
- Sensitivity to interest rate fluctuations impacting borrowing costs and property valuations.
- Concentration risk if a significant tenant defaults or vacates a property.
- Limited diversification in property types compared to larger, more diversified REITs.
Opportunities
- Continued growth in e-commerce driving demand for industrial and logistics facilities.
- Potential for rent increases on lease expirations due to strong market conditions.
- Acquisition of distressed or underperforming assets at attractive valuations.
- Expansion into new geographic markets or property sub-sectors.
Threats
- Economic downturns leading to tenant defaults or reduced demand for space.
- Rising interest rates increasing the cost of capital and potentially lowering property values.
- Increased competition for attractive acquisition opportunities.
- Changes in tax laws or regulations affecting REITs.
Competitors and Market Share
Key Competitors
- Prologis (PLD)
- Pacer Performance Holdings Corp. (PPC)
- Rexford Industrial Realty, Inc. (REXR)
- Duke Realty Corporation (DRE) - Acquired by Prologis
- First Industrial Realty Trust, Inc. (FR)
Competitive Landscape
Gladstone Commercial competes with larger, more established industrial REITs that have greater scale and access to capital. Its competitive advantages lie in its focused strategy, agility in acquisitions, and strong tenant relationships. However, it faces challenges from larger competitors with significant market power and lower costs of capital.
Growth Trajectory and Initiatives
Historical Growth: Gladstone Commercial has demonstrated historical growth through property acquisitions and organic rent increases. Its performance is closely tied to the underlying strength of the industrial and commercial real estate markets.
Future Projections: Future projections for Gladstone Commercial would depend on its ability to execute its acquisition strategy, manage its existing portfolio effectively, and navigate the prevailing economic and interest rate environment. Analyst estimates typically provide insights into projected FFO growth and dividend sustainability.
Recent Initiatives: Recent initiatives might include strategic property acquisitions, dispositions of non-core assets, refinancing of debt, or efforts to enhance tenant relationships and lease terms.
Summary
Gladstone Commercial Corporation is a net-lease REIT with a focus on industrial and commercial properties. Its strengths lie in its experienced management, diversified tenant base, and consistent dividend payouts. However, it faces threats from economic downturns and rising interest rates. The company's future growth depends on its ability to execute strategic acquisitions and capitalize on the strong demand in the industrial real estate sector.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Financial Data Providers (e.g., Yahoo Finance, Bloomberg)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share estimates are subject to change and may not be entirely precise. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gladstone Commercial Corporation
Exchange NASDAQ | Headquaters McLean, VA, United States | ||
IPO Launch date 2003-08-14 | Founder, Chairman & CEO Mr. David John Gladstone | ||
Sector Real Estate | Industry REIT - Diversified | Full time employees - | |
Full time employees - | |||
Gladstone Commercial (Nasdaq: GOOD) is an established real estate investment trust (REIT) that invests in single tenant and anchored multi-tenant net leased assets. As of June 30, 2025, we owned approximately 17.0 million square feet of primarily industrial and office real estate nationwide. We partner with a variety of tenants"from middle market private businesses to investment grade rated companies. We acquire properties through third party purchases, sale leaseback transactions, and by partnering with developers in build-to-suit transactions. As of June 30, 2025, total assets were approximately $1.2 billion, representing investments in 143 properties. Our properties are leased to 107 tenants who represent 20 diversified industries across 27 states. At June 30, 2025, our leases had an average remaining term of 7.1 years. In addition, approximately 51% of our tenants have an investment grade or investment grade equivalent credit rating.

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