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Gladstone Commercial Corporation (GOOD)

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Upturn Advisory Summary
12/01/2025: 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 535.15M USD | Price to earnings Ratio 57.68 | 1Y Target Price 12.5 |
Price to earnings Ratio 57.68 | 1Y Target Price 12.5 | ||
Volume (30-day avg) 5 | Beta 1.09 | 52 Weeks Range 10.46 - 16.11 | Updated Date 12/1/2025 |
52 Weeks Range 10.46 - 16.11 | Updated Date 12/1/2025 | ||
Dividends yield (FY) 10.85% | Basic EPS (TTM) 0.19 |
Earnings Date
Report Date 2025-11-04 | When After Market | Estimate 0.04 | Actual 0.0363 |
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 57.68 | Forward PE 64.94 | Enterprise Value 1367036774 | Price to Sales(TTM) 3.45 |
Enterprise Value 1367036774 | Price to Sales(TTM) 3.45 | ||
Enterprise Value to Revenue 8.81 | Enterprise Value to EBITDA 11.78 | Shares Outstanding 48401155 | Shares Floating 47784524 |
Shares Outstanding 48401155 | Shares Floating 47784524 | ||
Percent Insiders 1.2 | Percent Institutions 51.05 |
Upturn AI SWOT
Gladstone Commercial Corporation

Company Overview
History and Background
Gladstone Commercial Corporation (GOOD) was founded in 2003 and is a real estate investment trust (REIT) focused on acquiring, owning, and operating net leased industrial and office properties across the United States. It is externally managed by Gladstone Management Corporation.
Core Business Areas
- Net Leased Industrial Properties: Acquiring, owning, and managing single-tenant and anchored multi-tenant industrial properties net leased to creditworthy tenants.
- Net Leased Office Properties: Acquiring, owning, and managing single-tenant and anchored multi-tenant office properties net leased to creditworthy tenants.
Leadership and Structure
David Gladstone serves as the Chairman and CEO. The company operates as a REIT and is externally managed by Gladstone Management Corporation.
Top Products and Market Share
Key Offerings
- Industrial Properties: Net leased industrial properties generate a significant portion of GOOD's revenue. Market share data for specific industrial sub-sectors is difficult to ascertain without detailed property-level analysis. Competitors include STAG Industrial, Prologis, and Rexford Industrial Realty.
- Office Properties: Net leased office properties contribute to GOOD's revenue stream. Market share data for specific office sub-sectors is difficult to ascertain without detailed property-level analysis. Competitors include Office Properties Income Trust and Boston Properties.
Market Dynamics
Industry Overview
The net lease REIT industry is influenced by interest rates, economic growth, and property demand. Rising interest rates can impact acquisition costs and property valuations. Economic growth typically increases demand for industrial and office space.
Positioning
GOOD focuses on acquiring and managing net leased properties, often targeting smaller or middle-market tenants. This niche strategy allows them to potentially achieve higher yields but also comes with increased tenant risk. Their competitive advantage is the Gladstone platform and its network to source deals.
Total Addressable Market (TAM)
The total addressable market for net lease properties is substantial, estimated in the trillions of dollars across the US. GOOD holds a very small percentage of this TAM and is positioned to grow by acquiring additional properties and expanding its portfolio.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified portfolio across industries and geographies
- Net lease structure provides stable cash flow
- Focus on smaller to middle-market tenants can generate higher yields
Weaknesses
- External management structure may create conflicts of interest
- Exposure to tenant credit risk
- Sensitivity to interest rate fluctuations
- Smaller market capitalization compared to larger REITs
Opportunities
- Acquisition of additional net leased properties
- Expansion into new geographic markets
- Capitalizing on increasing demand for industrial space
- Refinancing debt at favorable rates
Threats
- Economic downturn impacting tenant solvency
- Rising interest rates increasing borrowing costs
- Increased competition for net leased properties
- Tenant bankruptcies or lease defaults
Competitors and Market Share
Key Competitors
- STAG Industrial (STAG)
- National Retail Properties (NNN)
- W. P. Carey (WPC)
- Agree Realty (ADC)
Competitive Landscape
GOOD is smaller than most of its competitors. Its focus on smaller to middle-market tenants can provide higher yields but also presents higher risk. Competitors like STAG and WPC have larger market capitalizations and more diversified portfolios.
Growth Trajectory and Initiatives
Historical Growth: GOOD's historical growth has been driven by acquisitions. The pace of growth has been dependent on capital availability and market conditions.
Future Projections: Analyst estimates for GOOD's future growth vary depending on economic outlook and the company's ability to execute its acquisition strategy. Dividend sustainability is a key factor.
Recent Initiatives: Recent initiatives likely involve property acquisitions, lease renewals, and capital market activities.
Summary
Gladstone Commercial Corporation is a REIT focused on net-leased industrial and office properties. While its diversified portfolio and net lease structure offer stability, its external management and smaller size present challenges. Rising interest rates and economic downturns pose threats to its growth. The company's focus on smaller tenants could be a source of higher yields if managed well.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Financial news sources
- Analyst reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.
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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