GOOD official logo GOOD
GOOD 1-star rating from Upturn Advisory
Gladstone Commercial Corporation (GOOD) company logo

Gladstone Commercial Corporation (GOOD)

Gladstone Commercial Corporation (GOOD) 1-star rating from Upturn Advisory
$10.96
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PASS
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Upturn Advisory Summary

12/01/2025: GOOD (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $12.5

1 Year Target Price $12.5

Analysts Price Target For last 52 week
$12.5 Target price
52w Low $10.46
Current$10.96
52w High $16.11

Analysis of Past Performance

Type Stock
Historic Profit 21.02%
Avg. Invested days 85
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/01/2025

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

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Gladstone Commercial Corporation

Gladstone Commercial Corporation(GOOD) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo 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.

Company business area logo 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 logo 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

Product Key Offerings logo 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 logo 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 competitor logo 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.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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.