Gladstone Commercial (GOOD) Financials: Revenue & Earnings

GOOD price $11.62 -0.28 -2.39%

Ticker
GOOD
Price
$11.62
Change
-0.28 -2.39%
Market cap ?
$562.74M
P/E ?
22.76
Forward P/E ?
46.50
Dividend yield ?
9.93%
Beta ?
1.07
Sector
Real Estate
Industry
REIT - Diversified
Stocklytics score
49
Value
42
Quality
58
Growth
48

Stocklytics score rationale: value 42, quality 58, growth 48.

Financials

2016201720182019202020212022202320242025
8637200094799000106798000114387000133152000137688000148981000147584000149388000161336000

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. Gladstone Commercial Corporation was established on February 14, 2003 and…

Fair value

GOOD fair value $7.99. Price $11.62. Price is 45% above fair value.

Below fair value, and cheaper than usual. A larger discount than on more than 99% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 75.18M. Growth 6.05%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.18% (beta 1.1). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 48.41M. Net debt 845.58M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare GOOD

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-03—0.03—42.56M
2026-08-050.110.0443.99M42.18M
2026-05-050.080.0541.91M42.94M
2026-02-180.370.0243.46M41.23M
2025-11-030.020.0840.84M40.22M
2025-08-060.030.0839.53M38.32M
2025-05-070.040.0337.50M37.33M
2025-02-180.170.0837.38M38.04M
2024-11-040.20-0.0539.23M36.94M
2024-08-06-0.040.0137.06M35.82M
2024-05-070.01-0.0135.72M36.29M
2024-02-220.110.0235.91M36.80M
2023-11-06-0.04-0.0336.46M38.85M
2023-08-08-0.19-0.0338.66M36.95M
2023-05-04-0.02-0.0236.55M37.51M
2023-02-220.34-0.0137.22M38.98M
2022-11-07-0.020.3739.83M36.92M
2022-08-01-0.040.0036.40M36.09M
2022-05-040.010.4035.53M36.14M
2022-02-150.400.3935.31M35.52M
2021-11-010.390.3934.33M34.37M
2021-08-090.370.3933.37M33.37M
2021-05-10-0.08-0.0134.68M33.59M
2021-02-160.260.0132.87M33.25M
2020-11-05-0.000.3933.14M33.44M
2020-07-27-0.060.4033.52M33.58M
2020-04-28-0.02-0.0233.62M50.43M
2020-02-120.02-0.0329.39M7.35M
2019-10-30-0.020.4028.67M28.99M
2019-07-30-0.02-0.0428.20M56.39M
2019-04-300.060.0328.14M14.07M
2019-02-130.09-0.0227.26M54.52M
2018-10-30-0.01-0.0326.59M79.77M
2018-07-30-0.010.4026.59M—
2018-05-010.060.4026.35M17.57M
2018-02-140.380.3925.25M—
2017-10-31-0.01-0.0324.36M73.11M
2017-07-31-0.080.3822.87M2.86M
2017-05-020.07-0.0222.31M6.37M
2017-02-150.09-0.0322.01M66.03M

Dividends

Yield 10.32%. Payout ratio 2.82%. Frequency Monthly.

Safety score 68/100 · Moderate. Payout ratio is 3% of earnings. Dividends use most of free cash flow. Dividends were paid in 23 separate years. Yield is 10.3%, high enough that the payout may be hard to keep.

Ex-dateDividendRecordPaymentFrequency
2026-12-21$0.102026-12-212026-12-31Monthly
2026-11-19$0.102026-11-192026-11-30Monthly
2026-10-23$0.102026-10-232026-10-30Monthly
2026-09-21$0.102026-09-212026-09-30Monthly
2026-08-18$0.102026-08-182026-08-31Monthly
2026-07-24$0.102026-07-242026-07-31Monthly
2026-06-23$0.102026-06-232026-06-30Monthly
2026-05-20$0.102026-05-202026-05-29Monthly
2026-04-24$0.102026-04-242026-04-30Monthly
2026-03-23$0.102026-03-232026-03-31Monthly
2026-02-18$0.102026-02-182026-02-27Monthly
2026-01-23$0.102026-01-232026-01-30Monthly
2025-12-22$0.102025-12-222025-12-31Monthly
2025-11-17$0.102025-11-172025-11-26Monthly
2025-10-24$0.102025-10-242025-10-31Monthly
2025-09-22$0.102025-09-222025-09-30Monthly
2025-08-20$0.102025-08-202025-08-29Monthly
2025-07-21$0.102025-07-212025-07-31Monthly
2025-06-20$0.102025-06-202025-06-30Monthly
2025-05-21$0.102025-05-212025-05-30Monthly
2025-04-21$0.102025-04-212025-04-30Monthly
2025-03-19$0.102025-03-192025-03-31Monthly
2025-02-19$0.102025-02-192025-02-28Monthly
2025-01-24$0.102025-01-242025-01-31Monthly
2024-12-20$0.102024-12-202024-12-31Monthly
2024-11-20$0.102024-11-202024-11-29Monthly
2024-10-22$0.102024-10-222024-10-31Monthly
2024-09-20$0.102024-09-202024-09-30Monthly
2024-08-21$0.102024-08-212024-08-30Monthly
2024-07-22$0.102024-07-222024-07-31Monthly
2024-06-18$0.102024-06-192024-06-28Monthly
2024-05-16$0.102024-05-172024-05-31Monthly
2024-04-18$0.102024-04-192024-04-30Monthly
2024-03-20$0.102024-03-212024-03-29Monthly
2024-02-20$0.102024-02-212024-02-29Monthly
2024-01-22$0.102024-01-232024-01-31Monthly
2023-12-15$0.102023-12-182023-12-29Monthly
2023-11-17$0.102023-11-202023-11-30Monthly
2023-10-19$0.102023-10-202023-10-31Monthly
2023-09-20$0.102023-09-212023-09-29Monthly
2023-08-22$0.102023-08-232023-08-31Monthly
2023-07-20$0.102023-07-212023-07-31Monthly
2023-06-20$0.102023-06-212023-06-30Monthly
2023-05-22$0.102023-05-232023-05-31Monthly
2023-04-20$0.102023-04-212023-04-28Monthly
2023-03-16$0.102023-03-172023-03-31Monthly
2023-02-16$0.102023-02-172023-02-28Monthly
2023-01-19$0.102023-01-202023-01-31Monthly
2022-12-19$0.132022-12-202022-12-30Irregular
2022-11-17$0.132022-11-182022-11-30Monthly
2022-10-20$0.132022-10-212022-10-31Monthly
2022-09-21$0.132022-09-222022-09-30Monthly
2022-08-22$0.132022-08-232022-08-31Monthly
2022-07-21$0.132022-07-222022-07-29Monthly
2022-06-21$0.132022-06-222022-06-30Monthly
2022-05-19$0.132022-05-202022-05-31Monthly
2022-04-21$0.132022-04-222022-04-29Monthly
2022-03-22$0.132022-03-232022-03-31Monthly
2022-02-17$0.132022-02-182022-02-28Monthly
2022-01-20$0.132022-01-212022-01-31Monthly
2021-12-22$0.132021-12-232021-12-31Monthly
2021-11-18$0.132021-11-192021-11-30Monthly
2021-10-21$0.132021-10-222021-10-29Monthly
2021-09-21$0.132021-09-222021-09-30Monthly
2021-08-20$0.132021-08-232021-08-31Monthly
2021-07-22$0.132021-07-232021-07-30Monthly
2021-06-17$0.132021-06-182021-06-30Monthly
2021-05-18$0.132021-05-192021-05-28Monthly
2021-04-22$0.132021-04-232021-04-30Monthly
2021-03-17$0.132021-03-182021-03-31Monthly
2021-02-16$0.132021-02-172021-02-26Monthly
2021-01-21$0.132021-01-222021-01-29Monthly
2020-12-22$0.132020-12-232020-12-31Monthly
2020-11-19$0.132020-11-202020-11-30Monthly
2020-10-22$0.132020-10-232020-10-30Monthly
2020-09-22$0.132020-09-232020-09-30Monthly
2020-08-21$0.132020-08-242020-08-31Monthly
2020-07-23$0.132020-07-242020-07-31Monthly
2020-06-18$0.132020-06-192020-06-30Monthly
2020-05-18$0.132020-05-192020-05-29Monthly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-26WILKINSON WALTER HOther0——
2026-09-01Carter Ryan StuartBuy100$13.021.30K
2026-08-03Carter Ryan StuartBuy100$12.581.26K
2026-07-01Carter Ryan StuartBuy100$12.261.23K
2026-06-01STELLJES GEORGE IIIOther0——
2026-06-01Carter Ryan StuartBuy100$12.511.25K
2026-05-01Carter Ryan StuartBuy100$12.661.27K
2026-04-01Carter Ryan StuartBuy100$11.481.15K
2026-03-20Carter Ryan StuartOther0——
2026-03-20Sateri JohnOther0——
2026-02-25Gerson GaryBuy275$12.463.43K
2025-11-13Gerson GaryBuy100$11.311.13K
2025-11-11Gerson GaryBuy7.60K$11.0583.98K
2025-11-11Gerson GaryBuy200$11.052.21K
2025-11-11Gerson GaryBuy100$11.051.10K
2025-11-07Cooper Arthur S.Buy7.00K$10.7074.92K
2025-11-06Gerson GaryBuy500$10.655.33K
2025-07-10Hellmold Erich MichaelOther0——
2025-05-12Gerson GaryBuy200$14.322.87K
2025-02-21Gerson GaryBuy175$15.592.73K
2024-11-08Gerson GaryBuy175$17.193.01K
2024-08-22Gorka Katharine COther0——
2024-08-09Gerson GaryBuy650$14.619.50K
2023-09-15Gerson GaryBuy400$13.365.34K
2023-05-10Gerson GaryBuy2.00K$11.2322.46K
2023-05-09Gerson GaryBuy6.00K$11.2467.43K
2023-03-06Beckhorn JayBuy250$13.553.39K
2023-03-06Cooper Arthur S.Buy3.60K$13.5048.58K
2023-03-06Wislar Elliott JRBuy2.00K$13.6827.36K
2022-10-11Novara PaulaSell0——
2022-07-12Wislar Elliott JRSell0——
2022-02-25Cutlip Robert GBuy1.00K$20.9220.92K
2021-12-13Gerson GaryBuy1.50K$22.8634.29K
2021-12-13Gerson GaryBuy400$22.829.13K
2021-12-13Gerson GaryBuy300$22.776.83K
2021-12-09Gerson GaryBuy3.50K$22.9680.36K
2021-11-19Cooper Arthur S.Sell2.27K$22.4951.14K
2021-07-13Cooper Arthur S.Other0——
2021-07-13Cooper Arthur S.Other0——
2021-07-13Cooper Arthur S.Other0——
2021-03-26Gerson GaryOther0——
2021-03-26Gerson GarySell0——
2020-12-31GLADSTONE DAVIDSell0——
2020-12-31GLADSTONE DAVIDOther0——
2020-12-31GLADSTONE DAVIDOther0——
2020-12-31GLADSTONE DAVIDOther0——
2020-12-31GLADSTONE DAVIDOther0——
2020-12-31GLADSTONE DAVIDOther0——
2020-09-14GLADSTONE DAVIDBuy102.00K——
2020-05-01SODO MICHAELBuy500$16.258.12K
2020-05-01SODO MICHAELBuy250$16.224.05K
2020-05-01Cutlip Robert GBuy1.00K$16.2916.29K
2020-03-27ENGLISH MICHELA ABuy500$14.827.41K
2020-03-24Cutlip Robert GBuy1.00K$10.6310.63K
2020-03-19SODO MICHAELBuy501$11.515.77K
2020-03-19SODO MICHAELBuy1.00K$11.5011.50K
2020-03-19Cutlip Robert GBuy1.00K$9.639.63K
2020-03-19Cutlip Robert GBuy1.00K$16.7616.76K
2020-03-18Cutlip Robert GBuy1.50K$8.3412.51K
2020-03-18SODO MICHAELBuy800$7.876.30K
2020-03-18SODO MICHAELBuy2.00K$8.7617.52K
2020-03-16LiCalsi MichaelBuy500$13.216.60K
2020-03-13Cutlip Robert GBuy500$13.326.66K
2020-03-12ENGLISH MICHELA ASell850$14.0311.93K
2020-03-12Cutlip Robert GBuy500$14.307.15K
2020-02-28Cutlip Robert GBuy1.00K$18.6118.61K
2020-02-28SODO MICHAELBuy700$18.4212.89K
2020-02-27SODO MICHAELBuy500$19.779.88K
2020-02-21Cutlip Robert GBuy500$21.4410.72K
2020-02-20SODO MICHAELBuy1.00K$21.1821.18K
2020-02-18ADELGREN PAUL WBuy500$21.1710.59K
2019-08-16Cutlip Robert GBuy500$22.0911.04K
2019-07-19Cutlip Robert GBuy500$21.2610.63K
2019-06-14Cutlip Robert GBuy500$21.3410.67K
2019-05-17Cutlip Robert GBuy500$21.6010.80K
2019-04-22Cutlip Robert GBuy500$20.5710.28K
2019-03-15Cutlip Robert GBuy500$20.8810.44K
2019-02-15Cutlip Robert GBuy500$20.7610.38K
2019-01-18Cutlip Robert GBuy500$19.439.71K
2018-12-14Cutlip Robert GBuy500$18.739.37K
2018-11-16Cutlip Robert GBuy500$19.419.71K
2018-10-19Cutlip Robert GBuy500$18.409.20K
2018-09-19GLADSTONE DAVIDBuy13.00K$18.72243.36K
2018-09-18Cutlip Robert GBuy500$19.329.66K
2018-08-14Cutlip Robert GBuy400$19.897.96K
2018-08-02Cutlip Robert GBuy1.20K$19.5723.48K
2018-07-10Cutlip Robert GBuy500$19.939.96K
2018-06-12Cutlip Robert GBuy500$18.639.31K
2018-05-11Beckhorn JayBuy171$18.463.16K
2018-05-08Cutlip Robert GBuy400$18.607.44K
2018-05-04Cutlip Robert GBuy1.00K$18.1118.11K
2018-05-04SODO MICHAELBuy2.00K$18.0036.00K
2018-04-10Cutlip Robert GBuy500$17.428.71K
2018-03-13Cutlip Robert GBuy500$18.049.02K
2018-02-21GLADSTONE DAVIDBuy17.00K$17.50297.43K
2018-02-20Cutlip Robert GBuy1.00K$17.6717.67K
2018-02-20ADELGREN PAUL WBuy600$17.3210.39K
2018-02-20SODO MICHAELBuy1.20K$17.7521.30K
2018-02-13Cutlip Robert GBuy400$17.517.00K
2018-01-09Cutlip Robert GBuy500$20.6210.31K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 207, holders 0 vs prior quarter. Ownership 57.68%.

HolderSharesChangeChange %Value
BLACKROCK, INC.4.48M143.31K+3.30%55.10M
VANGUARD PORTFOLIO MANAGEMENT LLC2.59M51.25K+2.02%31.83M
VANGUARD CAPITAL MANAGEMENT LLC2.14M63.95K+3.08%26.33M
STATE STREET CORP1.68M164.46K+10.83%20.71M
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.1.67M1.65M+7247.55%20.52M
GEODE CAPITAL MANAGEMENT, LLC1.45M76.69K+5.60%17.79M
INVESCO LTD.1.18M168.78K+16.70%14.51M
RENAISSANCE TECHNOLOGIES LLC1.07M-98.61K-8.43%13.18M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC792.62K54.63K+7.40%9.75M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.792.62K792.62KNew9.75M
AQR CAPITAL MANAGEMENT LLC714.48K266.92K+59.64%8.79M
DIMENSIONAL FUND ADVISORS LP666.88K9.61K+1.46%8.20M
NORTHERN TRUST CORP514.51K66.25K+14.78%6.33M
GOLDMAN SACHS GROUP INC494.96K-291.02K-37.03%6.09M
MORGAN STANLEY399.38K-14.88K-3.59%4.91M
VANGUARD FIDUCIARY TRUST CO328.54K4.36K+1.35%4.04M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP312.92K-48.33K-13.38%3.85M
LSV ASSET MANAGEMENT291.60K-400-0.14%3.59M
JPMORGAN CHASE & CO273.56K11.45K+4.37%3.39M
QUANTINNO CAPITAL MANAGEMENT LP235.63K53.07K+29.07%2.90M
BANK OF NEW YORK MELLON CORP215.31K20.97K+10.79%2.65M
LPL FINANCIAL LLC175.52K4.99K+2.92%2.16M
TWO SIGMA INVESTMENTS, LP168.15K11.03K+7.02%2.07M
STIFEL FINANCIAL CORP165.17K-16.42K-9.04%2.03M
XML FINANCIAL, LLC162.39K-28.55K-14.95%2.00M

Earnings and financials

Gladstone Commercial Corporation (GOOD) trades at $11.62, with a market cap of $562.74M and a trailing P/E of 22.76. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
8637200094799000106798000114387000133152000137688000148981000147584000149388000161336000

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Gladstone Commercial (GOOD) Financials: Revenue & Earnings

GOOD$11.62-0.28 -2.39%

$562.74M

Market Cap

22.76

P/E

46.50

Forward P/E

49

Score

Price History