(GOOD) Gladstone Commercial - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US3765361080
Stock: Industrial Properties, Office Properties, Net Leased Assets
Total Rating 23
Risk 45
Buy Signal -0.65
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 9.29% |
| Yield on Cost 5y | 11.35% |
| Yield CAGR 5y | -5.46% |
| Payout Consistency | 93.8% |
| Payout Ratio | 3.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.7% |
| Relative Tail Risk | -2.68% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.32 |
| Alpha | -31.90 |
| Character TTM | |
|---|---|
| Beta | 0.474 |
| Beta Downside | 0.578 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.28% |
| CAGR/Max DD | -0.08 |
Description: GOOD Gladstone Commercial December 25, 2025
Gladstone Commercial (NASDAQ: GOOD) is a diversified REIT focused on single-tenant and anchored multi-tenant net-leased industrial and office properties. As of June 30 2025 the portfolio comprised roughly 17 million sq ft across 143 properties in 27 states, leased to 107 tenants spanning 20 industries, with an average lease-remaining term of 7.1 years. Approximately 51 % of the tenant base carries investment-grade (or equivalent) credit ratings, and the REIT’s total assets were about $1.2 billion at that date.
Recent market data shows GOOD’s FY 2024 funds-from-operations (FFO) of $0.92 per share and an occupancy rate of 96 %, both above the diversified REIT median of 93 % (Nareit, Q3 2025). The industrial segment benefits from sustained e-commerce demand and supply-chain reshoring, while the office component remains sensitive to corporate remote-work policies and prevailing interest-rate levels-key macro drivers that could affect future rent growth and cap-rate compression.
For a deeper, data-driven look at how these factors translate into valuation metrics, you might explore the analyst toolkit on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 21.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.34 > 1.0 |
| NWC/Revenue: -97.64% < 20% (prev -39.60%; Δ -58.04% < -1%) |
| CFO/TA 0.08 > 3% & CFO 95.2m > Net Income 21.1m |
| Net Debt (831.7m) to EBITDA (116.0m): 7.17 < 3 |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.2m) vs 12m ago 10.34% < -2% |
| Gross Margin: 77.42% > 18% (prev 0.80%; Δ 7663 % > 0.5%) |
| Asset Turnover: 13.15% > 50% (prev 13.49%; Δ -0.34% > 0%) |
| Interest Coverage Ratio: 1.54 > 6 (EBITDA TTM 116.0m / Interest Expense TTM 39.0m) |
Altman Z'' -2.79
| A: -0.12 (Total Current Assets 30.5m - Total Current Liabilities 182.1m) / Total Assets 1.27b |
| B: -0.52 (Retained Earnings -660.9m / Total Assets 1.27b) |
| C: 0.05 (EBIT TTM 60.1m / Avg Total Assets 1.18b) |
| D: -0.61 (Book Value of Equity -657.1m / Total Liabilities 1.08b) |
| Altman-Z'' Score: -2.79 = D |
Beneish M -3.01
| DSRI: 1.02 (Receivables 47.9m/44.9m, Revenue 155.2m/147.9m) |
| GMI: 1.03 (GM 77.42% / 79.65%) |
| AQI: 1.01 (AQ_t 0.97 / AQ_t-1 0.96) |
| SGI: 1.05 (Revenue 155.2m / 147.9m) |
| TATA: -0.06 (NI 21.1m - CFO 95.2m) / TA 1.27b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of GOOD shares?
As of February 07, 2026, the stock is trading at USD 11.52 with a total of 600,050 shares traded.
Over the past week, the price has changed by -1.12%, over one month by +6.13%, over three months by +11.13% and over the past year by -22.61%.
Over the past week, the price has changed by -1.12%, over one month by +6.13%, over three months by +11.13% and over the past year by -22.61%.
Is GOOD a buy, sell or hold?
Gladstone Commercial has received a consensus analysts rating of 3.60.
Therefor, it is recommend to hold GOOD.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GOOD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.5 | 8.5% |
| Analysts Target Price | 12.5 | 8.5% |
| ValueRay Target Price | 13.1 | 13.5% |
GOOD Fundamental Data Overview February 05, 2026
P/E Trailing = 60.7368
P/E Forward = 68.4932
P/S = 3.6294
P/B = 3.0535
P/EG = -62.67
Revenue TTM = 155.2m USD
EBIT TTM = 60.1m USD
EBITDA TTM = 116.0m USD
Long Term Debt = 697.9m USD (from longTermDebt, last quarter)
Short Term Debt = 145.4m USD (from shortTermDebt, last quarter)
Debt = 850.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 831.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.40b USD (563.5m + Debt 850.1m - CCE 18.4m)
Interest Coverage Ratio = 1.54 (Ebit TTM 60.1m / Interest Expense TTM 39.0m)
EV/FCF = 17.93x (Enterprise Value 1.40b / FCF TTM 77.8m)
FCF Yield = 5.58% (FCF TTM 77.8m / Enterprise Value 1.40b)
FCF Margin = 50.12% (FCF TTM 77.8m / Revenue TTM 155.2m)
Net Margin = 13.59% (Net Income TTM 21.1m / Revenue TTM 155.2m)
Gross Margin = 77.42% ((Revenue TTM 155.2m - Cost of Revenue TTM 35.1m) / Revenue TTM)
Gross Margin QoQ = 77.69% (prev 77.49%)
Tobins Q-Ratio = 1.10 (Enterprise Value 1.40b / Total Assets 1.27b)
Interest Expense / Debt = 1.26% (Interest Expense 10.7m / Debt 850.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 47.5m (EBIT 60.1m * (1 - 21.00%))
Current Ratio = 0.17 (Total Current Assets 30.5m / Total Current Liabilities 182.1m)
Debt / Equity = 4.60 (Debt 850.1m / totalStockholderEquity, last quarter 184.8m)
Debt / EBITDA = 7.17 (Net Debt 831.7m / EBITDA 116.0m)
Debt / FCF = 10.69 (Net Debt 831.7m / FCF TTM 77.8m)
Total Stockholder Equity = 179.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.79% (Net Income 21.1m / Total Assets 1.27b)
RoE = 11.78% (Net Income TTM 21.1m / Total Stockholder Equity 179.1m)
RoCE = 6.86% (EBIT 60.1m / Capital Employed (Equity 179.1m + L.T.Debt 697.9m))
RoIC = 5.02% (NOPAT 47.5m / Invested Capital 947.1m)
WACC = 3.65% (E(563.5m)/V(1.41b) * Re(7.66%) + D(850.1m)/V(1.41b) * Rd(1.26%) * (1-Tc(0.21)))
Discount Rate = 7.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 8.26%
[DCF Debug] Terminal Value 85.65% ; FCFF base≈63.4m ; Y1≈59.4m ; Y5≈55.1m
Fair Price DCF = 17.05 (EV 1.66b - Net Debt 831.7m = Equity 825.2m / Shares 48.4m; r=5.90% [WACC]; 5y FCF grow -8.11% → 2.90% )
EPS Correlation: 41.03 | EPS CAGR: -1.34% | SUE: -0.29 | # QB: 0
Revenue Correlation: 55.14 | Revenue CAGR: 3.96% | SUE: 0.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.03 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.15 | Chg30d=+0.020 | Revisions Net=-1 | Growth EPS=-24.0% | Growth Revenue=+6.3%
P/E Forward = 68.4932
P/S = 3.6294
P/B = 3.0535
P/EG = -62.67
Revenue TTM = 155.2m USD
EBIT TTM = 60.1m USD
EBITDA TTM = 116.0m USD
Long Term Debt = 697.9m USD (from longTermDebt, last quarter)
Short Term Debt = 145.4m USD (from shortTermDebt, last quarter)
Debt = 850.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 831.7m USD (from netDebt column, last quarter)
Enterprise Value = 1.40b USD (563.5m + Debt 850.1m - CCE 18.4m)
Interest Coverage Ratio = 1.54 (Ebit TTM 60.1m / Interest Expense TTM 39.0m)
EV/FCF = 17.93x (Enterprise Value 1.40b / FCF TTM 77.8m)
FCF Yield = 5.58% (FCF TTM 77.8m / Enterprise Value 1.40b)
FCF Margin = 50.12% (FCF TTM 77.8m / Revenue TTM 155.2m)
Net Margin = 13.59% (Net Income TTM 21.1m / Revenue TTM 155.2m)
Gross Margin = 77.42% ((Revenue TTM 155.2m - Cost of Revenue TTM 35.1m) / Revenue TTM)
Gross Margin QoQ = 77.69% (prev 77.49%)
Tobins Q-Ratio = 1.10 (Enterprise Value 1.40b / Total Assets 1.27b)
Interest Expense / Debt = 1.26% (Interest Expense 10.7m / Debt 850.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 47.5m (EBIT 60.1m * (1 - 21.00%))
Current Ratio = 0.17 (Total Current Assets 30.5m / Total Current Liabilities 182.1m)
Debt / Equity = 4.60 (Debt 850.1m / totalStockholderEquity, last quarter 184.8m)
Debt / EBITDA = 7.17 (Net Debt 831.7m / EBITDA 116.0m)
Debt / FCF = 10.69 (Net Debt 831.7m / FCF TTM 77.8m)
Total Stockholder Equity = 179.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.79% (Net Income 21.1m / Total Assets 1.27b)
RoE = 11.78% (Net Income TTM 21.1m / Total Stockholder Equity 179.1m)
RoCE = 6.86% (EBIT 60.1m / Capital Employed (Equity 179.1m + L.T.Debt 697.9m))
RoIC = 5.02% (NOPAT 47.5m / Invested Capital 947.1m)
WACC = 3.65% (E(563.5m)/V(1.41b) * Re(7.66%) + D(850.1m)/V(1.41b) * Rd(1.26%) * (1-Tc(0.21)))
Discount Rate = 7.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 8.26%
[DCF Debug] Terminal Value 85.65% ; FCFF base≈63.4m ; Y1≈59.4m ; Y5≈55.1m
Fair Price DCF = 17.05 (EV 1.66b - Net Debt 831.7m = Equity 825.2m / Shares 48.4m; r=5.90% [WACC]; 5y FCF grow -8.11% → 2.90% )
EPS Correlation: 41.03 | EPS CAGR: -1.34% | SUE: -0.29 | # QB: 0
Revenue Correlation: 55.14 | Revenue CAGR: 3.96% | SUE: 0.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.03 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.15 | Chg30d=+0.020 | Revisions Net=-1 | Growth EPS=-24.0% | Growth Revenue=+6.3%