8-K Announcements
6May 5, 2026·SEC
Mar 23, 2026·SEC
Feb 18, 2026·SEC
Gladstone Commercial Corporation (GOOD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Gladstone Commercial Corporation (GOOD) stock price & volume — 10-year historical chart
Gladstone Commercial Corporation (GOOD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Gladstone Commercial Corporation (GOOD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.35vs $0.05+600.0% | $42Mvs $43M-2.4% |
| Q1 2026 | Feb 18, 2026 | $0.37vs $0.03+1133.3% | $43Mvs $41M+5.4% |
| Q4 2025 | Nov 3, 2025 | $0.35vs $0.39-10.3% | $41Mvs $41M-0.9% |
| Q3 2025 | Aug 6, 2025 | $0.35vs $0.35+0.0% | $40Mvs $39M+2.0% |
Gladstone Commercial Corporation (GOOD) competitors in Net Lease and Ground Lease REITs — business model, growth, and fundamentals comparison
Gladstone Commercial Corporation (GOOD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Gladstone Commercial Corporation (GOOD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 94.8M | 106.8M | 114.39M | 133.15M | 137.69M | 148.98M | 147.58M | 149.39M | 161.34M | 165.74M |
| Revenue Growth % | 9.76% | 12.66% | 7.11% | 16.4% | 3.41% | 8.2% | -0.94% | 1.22% | 8% | 9.64% |
| Property Operating Expenses | 7.69M | 16.51M | 17.77M | 31.65M | 32.98M | 33.16M | 32.24M | 31.53M | 151.76M | 143.29M |
| Net Operating Income (NOI) | 87.11M▲ 0% | 90.29M▲ 3.6% | 96.62M▲ 7.0% | 101.5M▲ 5.0% | 104.71M▲ 3.2% | 115.82M▲ 10.6% | 115.35M▼ 0.4% | 117.86M▲ 2.2% | 9.58M▼ 91.9% | 22.46M▲ 0% |
| NOI Margin % | 91.89% | 84.54% | 84.47% | 76.23% | 76.05% | 77.74% | 78.16% | 78.89% | 5.94% | 13.55% |
| Operating Expenses | 48.85M | 54.63M | 60.65M | 64.58M | 68.67M | 70.99M | 64.57M | 66.72M | -50.38M | -58.73M |
| G&A Expenses | 3.64M | 12.06M | 4.92M | 4.86M | 4.67M | 5.57M | 6.71M | 6.45M | 6.62M | 6.79M |
| EBITDA | 76.09M | 106.78M | 88.06M | 92.39M | 95.23M | 105.01M | 108.66M | 106.93M | 118.2M | 106.11M |
| EBITDA Margin % | 80.27% | 99.98% | 76.99% | 69.39% | 69.16% | 70.48% | 73.63% | 71.58% | 73.26% | 64.02% |
| Depreciation & Amortization | 42.8M | 71.12M | 52.09M | 55.48M | 59.19M | 60.18M | 57.88M | 55.79M | 58.24M | 59.8M |
| D&A / Revenue % | 45.14% | 66.59% | 45.54% | 41.66% | 42.99% | 40.4% | 39.22% | 37.35% | 36.1% | 36.08% |
| Operating Income | 33.3M▲ 0% | 35.66M▲ 7.1% | 35.97M▲ 0.9% | 36.92M▲ 2.6% | 36.03M▼ 2.4% | 44.83M▲ 24.4% | 50.78M▲ 13.3% | 51.14M▲ 0.7% | 59.96M▲ 17.2% | 46.31M▲ 0% |
| Operating Margin % | 35.12% | 33.39% | 31.45% | 27.73% | 26.17% | 30.09% | 34.41% | 34.23% | 37.16% | 27.94% |
| Interest Expense | 24.57M | 26.17M | 28.28M | 26.8M | 26.89M | 32.46M | 37.33M | 37.4M | 41.9M | 1000K |
| Interest Coverage | 1.24x | 1.47x | 1.34x | 1.56x | 1.41x | 1.33x | 1.13x | 1.64x | 1.46x | - |
| Non-Operating Income | 2.79M | -2.83M | -1.85M | -4.87M | -1.75M | 1.59M | 8.53M | -10.3M | -1.24M | 60.59M |
| Pretax Income | 5.94M▲ 0% | 12.32M▲ 107.6% | 9.54M▼ 22.6% | 14.98M▲ 57.1% | 10.89M▼ 27.3% | 10.78M▼ 1.0% | 4.92M▼ 54.3% | 24.04M▲ 388.4% | 19.29M▼ 19.8% | 21.13M▲ 0% |
| Pretax Margin % | 6.26% | 11.54% | 8.34% | 11.25% | 7.91% | 7.24% | 3.34% | 16.09% | 11.96% | 12.75% |
| Income Tax | 24.62M | 2.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 414.72% | 23% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 5.94M▲ 0% | 12.32M▲ 107.5% | 9.63M▼ 21.9% | 14.94M▲ 55.2% | 10.94M▼ 26.8% | 10.8M▼ 1.2% | 4.99M▼ 53.9% | 24M▲ 381.4% | 19.29M▼ 19.6% | 21.13M▲ 0% |
| Net Margin % | 6.26% | 11.54% | 8.42% | 11.22% | 7.94% | 7.25% | 3.38% | 16.06% | 11.96% | 12.75% |
| Net Income Growth % | 50% | 107.51% | -21.85% | 55.15% | -26.8% | -1.19% | -53.86% | 381.4% | -19.61% | -17.5% |
| Funds From Operations (FFO) | 48.73M▲ 0% | 83.44M▲ 71.2% | 61.72M▼ 26.0% | 70.41M▲ 14.1% | 70.13M▼ 0.4% | 70.99M▲ 1.2% | 62.87M▼ 11.4% | 79.79M▲ 26.9% | 77.54M▼ 2.8% | 80.93M▲ 0% |
| FFO Margin % | 51.41% | 78.13% | 53.96% | 52.88% | 50.93% | 47.65% | 42.6% | 53.41% | 48.06% | 48.83% |
| FFO Growth % | 17.5% | 71.22% | -26.03% | 14.09% | -0.41% | 1.23% | -11.44% | 26.92% | -2.82% | 5.95% |
| FFO per Share | 1.85 | 2.91 | 2.01 | 2.04 | 1.92 | 1.81 | 1.57 | 1.91 | 1.64 | 1.71 |
| FFO Payout Ratio % | 103.44% | 65.4% | 95.41% | 90.55% | 96.39% | 100.15% | 96.42% | 78.69% | 87.92% | 21.75% |
| EPS (Diluted) | -0.19▲ 0% | 0.03▲ 115.8% | -0.16▼ 633.3% | 0.09▲ 156.3% | -0.09▼ 200.0% | -0.04▲ 55.6% | -0.19▼ 375.0% | 0.26▲ 236.8% | 0.41▲ 57.7% | 0.45▲ 0% |
| EPS Growth % | -18.75% | 115.79% | -633.33% | 156.25% | -200% | 55.56% | -375% | 236.84% | 57.69% | 41.16% |
| EPS (Basic) | -0.19 | 0.03 | -0.16 | 0.09 | -0.09 | -0.04 | -0.19 | 0.26 | 0.41 | - |
| Diluted Shares Outstanding | 26.36M | 28.68M | 30.7M | 34.58M | 36.54M | 39.26M | 39.94M | 41.77M | 47.22M | 47.22M |
Gladstone Commercial Corporation (GOOD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 928.45M | 938.77M | 1.04B | 1.1B | 1.14B | 1.2B | 1.13B | 1.09B | 1.25B | 1.23B |
| Asset Growth % | 9.01% | 1.11% | 10.73% | 5.62% | 4.14% | 5.18% | -5.75% | -3.45% | 13.94% | 44.86% |
| Real Estate & Other Assets | 748.7M | 773.31M | 895.54M | 941.23M | 1B | 1.06B | 975.1M | 951.86M | -1.03B | 0 |
| PP&E (Net) | 744.44M | 768.39M | 5.79M | 5.58M | 5.36M | 5.13M | 4.89M | 3.96M | 6.58M | 6.5M |
| Investment Securities | 504K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 |
| Total Current Assets | 60.83M | 54.01M | 22.7M | 33.72M | 20.48M | 28.1M | 52.44M | 43.42M | 58.73M | 56.72M |
| Cash & Equivalents | 6.68M | 6.59M | 6.85M | 11.02M | 7.96M | 11.65M | 11.98M | 10.96M | 10.81M | 7.96M |
| Receivables | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K |
| Other Current Assets | 20.81M | 12.65M | 15.86M | 22.7M | 12.53M | 13.16M | 12.96M | 9.51M | 0 | 0 |
| Intangible Assets | 118.93M | 111.45M | 115.47M | 117.38M | 114.49M | 111.62M | 101.05M | 95.11M | 115.58M | 112.57M |
| Total Liabilities | 661.66M | 684.36M | 828.47M | 881.87M | 940.79M | 996.94M | 979.21M | 923.05M | 905M | 897.36M |
| Total Debt | 542.63M | 566.06M | 632.44M | 674.38M | 713.03M | 754.51M | 743.95M | 697.45M | 856.39M | 410.97M |
| Net Debt | 535.94M | 559.47M | 625.59M | 663.36M | 705.08M | 742.86M | 731.97M | 686.49M | 845.58M | 403M |
| Long-Term Debt | 542.63M | 506.24M | 575.01M | 615.38M | 673.98M | 725.96M | 663.11M | 691.49M | 811.45M | 0 |
| Short-Term Borrowings | 55.27M | 59.82M | 51.58M | 53.31M | 33.55M | 23.25M | 75.75M | 1.9M | 36M | 410.97M |
| Capital Lease Obligations | 0 | 0 | 5.85M | 5.69M | 5.51M | 5.31M | 5.09M | 4.06M | 8.94M | 22.66M |
| Total Current Liabilities | 30.46M | 55.31M | 79.4M | 81.36M | 70.49M | 76.21M | 121.89M | 39.63M | 36M | 410.97M |
| Accounts Payable | 7.34M | 2.7M | 5.57M | 4.46M | 6.74M | 9.61M | 13.59M | 13.2M | 10.96M | 0 |
| Deferred Revenue | 2.29M | 17.3M | 19.32M | 20.63M | 26.77M | 40M | 29.32M | 22M | 18.82M | 0 |
| Other Liabilities | 88.57M | 122.81M | 168.21M | 179.44M | 190.82M | 189.47M | 189.11M | 187.87M | 29.79M | 486.39M |
| Total Equity | 790.98M▲ 0% | 254.42M▼ 67.8% | 211.04M▼ 17.1% | 216.04M▲ 2.4% | 202.56M▼ 6.2% | 205.69M▲ 1.5% | 154.27M▼ 25.0% | 171.3M▲ 11.0% | 341.93M▲ 99.6% | 163.59M▲ 0% |
| Equity Growth % | 7.65% | -67.83% | -17.05% | 2.37% | -6.24% | 1.55% | -25% | 11.04% | 99.61% | 119.85% |
| Shareholders Equity | 266.8M | 249.74M | 208.13M | 213.18M | 201.3M | 203.9M | 153.28M | 171.17M | 341.81M | 170.04M |
| Minority Interest | 524.18M | 4.67M | 2.9M | 2.85M | 1.26M | 1.79M | 986K | 130K | 122K | 0 |
| Common Stock | 29K | 30K | 33K | 36K | 38K | 40K | 41K | 45K | 49K | 1K |
| Additional Paid-in Capital | 534.79M | 559.98M | 571.21M | 626.53M | 671.13M | 721.33M | 730.26M | 784.39M | 841.57M | 0 |
| Retained Earnings | -268.06M | -310.12M | -360.98M | -409.04M | -468.52M | -529.1M | -584.78M | -623.91M | -673.17M | 0 |
| Preferred Stock | 2K | 2K | 0 | 0 | 0 | 1K | 1K | 1K | 170.04M | 170.04M |
| Return on Assets (ROA) | 0.67% | 1.32% | 0.97% | 1.4% | 0.98% | 0.92% | 0.43% | 2.15% | 1.65% | 1.71% |
| Return on Equity (ROE) | 0.78% | 2.36% | 4.14% | 7% | 5.22% | 5.29% | 2.77% | 14.74% | 7.52% | 9.74% |
| Debt / Assets | 58.44% | 60.3% | 60.84% | 61.42% | 62.36% | 62.74% | 65.64% | 63.73% | 68.68% | 33.39% |
| Debt / Equity | 0.69x | 2.22x | 3.00x | 3.12x | 3.52x | 3.67x | 4.82x | 4.07x | 2.50x | 2.50x |
| Net Debt / EBITDA | 7.04x | 5.24x | 7.10x | 7.18x | 7.40x | 7.07x | 6.74x | 6.42x | 7.15x | 7.15x |
| Book Value per Share | 30.01 | 8.87 | 6.88 | 6.25 | 5.54 | 5.24 | 3.86 | 4.10 | 7.24 | 3.46 |
Gladstone Commercial Corporation (GOOD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 46.84M | 55.6M | 60.19M | 65.49M | 70.13M | 69.18M | 60.37M | 56.95M | 88.15M | 88.15M |
| Operating CF Growth % | 13.8% | 18.69% | 8.26% | 8.8% | 7.07% | -1.35% | -12.74% | -5.66% | 54.78% | 374.92% |
| Operating CF / Revenue % | 49.41% | 52.06% | 52.62% | 49.19% | 50.93% | 46.43% | 40.9% | 38.12% | 54.64% | 53.19% |
| Net Income | 5.94M | 12.32M | 9.54M | 14.12M | 9.73M | 10.35M | 4.55M | 24.04M | 19.29M | 21.13M |
| Depreciation & Amortization | 42.8M | 47.62M | 52.09M | 55.42M | 60.35M | 60.15M | 57.86M | 55.79M | 52.22M | 52.39M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.09M | -2.35M | -1.79M | -3.75M | -2.39M | 1.92M | 3.48M | -17.58M | 20.91M | 19.2M |
| Working Capital Changes | -4.98M | -2M | 349K | -304K | 2.42M | -3.24M | -5.52M | -5.3M | -4.26M | -4.44M |
| Cash from Investing | -99.23M | -34.44M | -132.04M | -100.28M | -94.78M | -82.03M | 1.24M | -1.73M | -221.38M | -144.26M |
| Acquisitions (Net) | -3.15M | -1.59M | -1.54M | 0 | 94.72M | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -126.94M | -44.73M | 0 | -131.18M | -102.28M | -120.43M | -33.69M | 0 | 0 | 73.91M |
| Sale of Investments | 37.43M | 14.69M | 0 | 37.14M | 12.9M | 45.93M | 42.08M | 0 | 0 | -347K |
| Other Investing | 1.46M | -594K | -130.5M | 118K | -94.78M | -706K | -481K | -1.73M | -221.38M | -219.04M |
| Cash from Financing | 54.41M | -21.16M | 74.25M | 39.37M | 21.75M | 15.66M | -61.47M | -56.29M | 134.74M | 54.05M |
| Dividends Paid | -50.41M | -54.38M | -58.89M | -63.76M | -67.59M | -71.09M | -60.62M | -62.79M | -68.17M | -51.69M |
| Common Dividends | -50.41M | -54.56M | -58.89M | 0 | -67.59M | 0 | 0 | -62.79M | -68.17M | -17.6M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K |
| Share Repurchases | -24K | -34K | 0 | 0 | -87.74M | -360K | -1.55M | -1.71M | -4.5M | 581K |
| Other Financing | -4.24M | -784K | -6.1M | 0 | -5.27M | 0 | 0 | -1.22M | -4.43M | 180.13M |
| Net Change in Cash | 2.02M▲ 0% | 2K▼ 99.9% | 2.41M▲ 120200.0% | 6.51M▲ 170.4% | -2.9M▼ 144.5% | 4.33M▲ 249.3% | -1.16M▼ 126.8% | -1.06M▲ 8.5% | 1.52M▲ 243.0% | -1.47M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 1.92M | 0 | 1.51M | -1.3M | 0 | 0 | 362K |
| Cash at Beginning | 4.66M | 9.08M | 9.08M | 18.71M | 16.08M | 20.48M | 24.81M | 16.14M | 15.07M | 16.59M |
| Cash at End | 6.68M | 9.08M | 11.49M | 25.22M | 13.18M | 24.81M | 23.65M | 15.07M | 16.59M | 13.53M |
| Free Cash Flow | -50.7M▲ 0% | 23.34M▲ 146.0% | 60.19M▲ 157.9% | 59.13M▼ 1.8% | 64.78M▲ 9.5% | 62.35M▼ 3.7% | 53.69M▼ 13.9% | 56.95M▲ 6.1% | 67.17M▲ 17.9% | 89.6M▲ 0% |
| FCF Growth % | -121.87% | 146.04% | 157.87% | -1.76% | 9.54% | -3.74% | -13.89% | 6.07% | 17.94% | 62.17% |
| FCF / Revenue % | -53.48% | 21.86% | 52.62% | 44.41% | 47.05% | 41.85% | 36.38% | 38.12% | 41.63% | 54.06% |
Gladstone Commercial Corporation (GOOD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 1.85 | 2.91 | 2.01 | 2.04 | 1.92 | 1.81 | 1.57 | 1.91 | 1.64 | 1.71 |
| FFO Payout Ratio | 103.44% | 65.4% | 95.41% | 90.55% | 96.39% | 100.15% | 96.42% | 78.69% | 87.92% | 21.75% |
| NOI Margin | 91.89% | 84.54% | 84.47% | 76.23% | 76.05% | 77.74% | 78.16% | 78.89% | 5.94% | 13.55% |
| Net Debt / EBITDA | 7.04x | 5.24x | 7.10x | 7.18x | 7.40x | 7.07x | 6.74x | 6.42x | 7.15x | 7.15x |
| Debt / Assets | 58.44% | 60.3% | 60.84% | 61.42% | 62.36% | 62.74% | 65.64% | 63.73% | 68.68% | 33.39% |
| Interest Coverage | 1.24x | 1.47x | 1.34x | 1.56x | 1.41x | 1.33x | 1.13x | 1.64x | 1.46x | - |
| Book Value / Share | 30.01 | 8.87 | 6.88 | 6.25 | 5.54 | 5.24 | 3.86 | 4.1 | 7.24 | 3.46 |
| Revenue Growth | 9.76% | 12.66% | 7.11% | 16.4% | 3.41% | 8.2% | -0.94% | 1.22% | 8% | 9.64% |
Gladstone Commercial Corporation (GOOD) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Mar 23, 2026·SEC
Feb 18, 2026·SEC
Gladstone Commercial Corporation (GOOD) stock FAQ — growth, dividends, profitability & financials explained
Gladstone Commercial Corporation (GOOD) reported $165.7M in revenue for fiscal year 2025. This represents a 52305% increase from $0.3M in 2003.
Gladstone Commercial Corporation (GOOD) grew revenue by 8.0% over the past year. This is steady growth.
Yes, Gladstone Commercial Corporation (GOOD) is profitable, generating $21.1M in net income for fiscal year 2025 (12.0% net margin).
Yes, Gladstone Commercial Corporation (GOOD) pays a dividend with a yield of 11.66%. This makes it attractive for income-focused investors.
Gladstone Commercial Corporation (GOOD) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.
Gladstone Commercial Corporation (GOOD) generated Funds From Operations (FFO) of $80.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Gladstone Commercial Corporation (GOOD) offers a 11.66% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Gladstone Commercial Corporation (GOOD) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates