Item 1. Business. Gladstone Commercial Corporation (which we refer to as “we,” “us,” or the “Company”) was incorporated under the General Corporation Law of the State of Maryland on February 14, 2003. We have elected to be taxed as a REIT for federal income tax purposes. We focus on acquiring, owning, and managing primarily industrial and office properties. Our shares of common stock, par value $0.001 per share, 6.625% Series E Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series E Preferred Stock”), and 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series G Preferred Stock”), trade on the Nasdaq Global Select Market (“Nasdaq”) under the trading symbols “GOOD,” “GOODN” and “GOODO,” respectively. Our senior common stock, par value $0.001 per share (“Senior Common Stock”) and our 6.00% Series F Cumulative Redeemable Preferred Stock, par value $0.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 161M | 161M | 149M | 148M | 149M | 138M |
| Net Income | 6.6M | 6.6M | 11M | -7.7M | 9.3M | -4.6M |
| EPS | $0.14 | $0.14 | $0.27 | $-0.19 | $-0.04 | $-0.12 |
| Free Cash Flow | 88M | 88M | 57M | 60M | 69M | 70M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 5.13 | 5.13 | 1.59 | 2.42 | 1.88 | 2.40 |
| Dividends/Share | $1.45 | $1.20 | $1.20 | $1.20 | $1.50 | $1.50 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 3.8% | 3.8% | 6.5% | -5.0% | 4.6% | -2.3% |
| Shares Outstanding | 47M | 47M | 41M | 41M | 40M | 38M |
GLADSTONE COMMERCIAL CORP passes 3 of 9 quality checks, indicating weak fundamentals.
GLADSTONE COMMERCIAL CORP trades at 141.2x trailing earnings, compared to its 15-year median P/E of 70.9x, suggesting it is currently Expensive relative to its historical range. Total shareholder yield (dividends) is 7.3%. At current prices, the estimated annualized return to fair value is +0.6%.
GLADSTONE COMMERCIAL CORP (GOODO) has a current P/E ratio of 141.2, compared to its historical median P/E of 70.9. The stock is currently considered Expensive based on its historical valuation range.
GLADSTONE COMMERCIAL CORP (GOODO) has a market capitalization of $931M. It is classified as a small-cap stock.
Yes, GLADSTONE COMMERCIAL CORP (GOODO) pays a dividend with a trailing twelve-month yield of 7.33%.
Based on historical P/E analysis, GLADSTONE COMMERCIAL CORP (GOODO) appears expensive. The current P/E of 141.2 is 99% above its historical median of 70.9. The estimated fair value CAGR (P/E method) is 156.3%.
GLADSTONE COMMERCIAL CORP (GOODO) operates in the Lessors Of Real Property, Nec industry, within the Real Estate sector.
GLADSTONE COMMERCIAL CORP (GOODO) reported annual revenue of $161 million in its most recent fiscal year, based on SEC EDGAR filings.
GLADSTONE COMMERCIAL CORP (GOODO) has a net profit margin of 4.1%. This is a modest margin.
GLADSTONE COMMERCIAL CORP (GOODO) generated $88 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GLADSTONE COMMERCIAL CORP (GOODO) has a debt-to-equity ratio of 5.13. This indicates higher leverage, which may increase financial risk.
GLADSTONE COMMERCIAL CORP (GOODO) reported earnings per share (EPS) of $0.14 in its most recent fiscal year.
GLADSTONE COMMERCIAL CORP (GOODO) has a return on equity (ROE) of 3.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for GLADSTONE COMMERCIAL CORP (GOODO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GLADSTONE COMMERCIAL CORP (GOODO) has a book value per share of $3.65, based on its most recent annual SEC filing.
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