GOOD Stock Analysis: Gladstone Commercial | NASDAQ
REIT - Diversified | NASDAQ, USA | Market Cap: 621m USD | 12M Return: 5.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.14M
Qual. Beats: 0
Rev. Trend: 75.3%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust (REIT) that acquires, owns, and operates net leased industrial and office properties throughout the United States. As of March 31, 2026, the companys portfolio comprised 151 properties across 27 states, totaling approximately 17.7 million square feet. Gladstone Commercial was established on February 14, 2003, is incorporated in Maryland, and is headquartered in McLean, Virginia.
The net leased structure typically requires tenants to pay most operating expenses-such as property taxes, insurance, and maintenance-in addition to base rent, which results in more predictable landlord cash flows. As a REIT, Gladstone Commercial is generally required to distribute at least 90% of its taxable income to shareholders in the form of dividends to maintain its pass-through tax status. The company is classified within the Diversified REITs sub-industry and operates as a small-cap stock with a market capitalization of approximately $591 million.
- Net leased industrial portfolio occupancy drives rental income growth
- Rising interest rates pressure borrowing costs and FFO coverage
- Office segment tenant credit quality weighs on lease renewals
| Net Income: 21.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 2.47 > 1.0 |
| NWC/Revenue: -24.87% < 20% (prev -32.37%; Δ 7.50% < -1%) |
| CFO/TA 0.07 > 3% & CFO 88.4m > Net Income 21.1m |
| Net Debt (841.9m) to EBITDA (64.0m): 13.16 < 3 |
| Current Ratio: 0.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.2m) vs 12m ago 5.85% < -2% |
| Gross Margin: 8.26% > 18% (prev 78.45%; Δ -70.19% > 0.5%) |
| Asset Turnover: 13.86% > 50% (prev 13.03%; Δ 0.83% > 0%) |
| Interest Coverage Ratio: 0.09 > 6 (EBIT TTM 4.15m / Interest Expense TTM 44.2m) |
| A: -0.03 (Total Current Assets 26.7m - Total Current Liabilities 67.9m) / Total Assets 1.23b |
| B: -0.56 (Retained Earnings -683.9m / Total Assets 1.23b) |
| C: 0.00 (EBIT TTM 4.15m / Avg Total Assets 1.20b) |
| D: 0.15 (Book Value of Equity 163.5m / Total Liabilities 1.07b) |
| Altman-Z'' = -1.85 = D |
| DSRI: 2.40 (Receivables 48.8m/18.5m, Revenue 165.7m/151.2m) |
| GMI: 9.50 (GM 78.45% / 8.26%) |
| AQI: 1.02 (AQ_t 0.97 / AQ_t-1 0.96) |
| SGI: 1.10 (Revenue 165.7m / 151.2m) |
| TATA: -0.05 (NI 21.1m - CFO 88.4m) / TA 1.23b) |
| Beneish M = 5.90 (Cap -4..+1) = D |
As of July 17, 2026, the stock is trading at USD 13.17 with a total of 666,620 shares traded. Over the past week, the price has changed by +6.12%, over one month by +7.71%, over three months by +7.80% and over the past year by +5.56%.
Current recommended Stop Loss: 12.70 (which is 3.6% or 2 ATR below the current price).
Gladstone Commercial has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold GOOD.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.9 | 5.4% |
P/E Trailing = 70.6111
P/E Forward = 50.2513
P/S = 3.7442
P/B = 3.7192
P/EG = 39.8394
Revenue TTM = 165.7m USD
EBIT TTM = 4.15m USD
EBITDA TTM = 64.0m USD
Long Term Debt = 802.1m USD (from longTermDebt, last quarter)
Short Term Debt = 34.3m USD (from shortTermDebt, last quarter)
Debt = 849.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.72m
Net Debt = 841.9m USD (calculated: Debt 849.8m - CCE 7.96m)
Enterprise Value = 1.46b USD (620.6m + Debt 849.8m - CCE 7.96m)
Interest Coverage Ratio = 0.09 (Ebit TTM 4.15m / Interest Expense TTM 44.2m)
EV/FCF = 16.43x (Enterprise Value 1.46b / FCF TTM 89.0m)
FCF Yield = 6.09% (FCF TTM 89.0m / Enterprise Value 1.46b)
FCF Margin = 53.71% (FCF TTM 89.0m / Revenue TTM 165.7m)
Net Margin = 12.75% (Net Income TTM 21.1m / Revenue TTM 165.7m)
Gross Margin = 8.26% ((Revenue TTM 165.7m - Cost of Revenue TTM 152.1m) / Revenue TTM)
Gross Margin QoQ = 79.07% (prev -188.3%)
Tobins Q-Ratio = 1.19 (Enterprise Value 1.46b / Total Assets 1.23b)
Interest Expense / Debt = 5.20% (Interest Expense 44.2m / Debt 849.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 3.28m (EBIT 4.15m * (1 - 21.00%))
Current Ratio = 0.39 (Total Current Assets 26.7m / Total Current Liabilities 67.9m)
Debt / Equity = 5.20 (Debt 849.8m / totalStockholderEquity, last quarter 163.5m)
Debt / EBITDA = 13.16 (Net Debt 841.9m / EBITDA 64.0m)
Debt / FCF = 9.46 (Net Debt 841.9m / FCF TTM 89.0m)
Total Stockholder Equity = 216.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.77% (Net Income 21.1m / Total Assets 1.23b)
RoE = 9.74% (Net Income TTM 21.1m / Total Stockholder Equity 216.8m)
RoCE = 0.41% (EBIT 4.15m / Capital Employed (Equity 216.8m + L.T.Debt 802.1m))
RoIC = 0.28% (NOPAT 3.28m / Invested Capital 1.19b)
WACC = 5.45% (E(620.6m)/V(1.47b) * Re(7.29%) + D(849.8m)/V(1.47b) * Rd(5.20%) * (1-Tc(0.21)))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.87 | Cagr: 7.31%
[DCF] Terminal Value 77.97% ; FCFF base≈75.5m ; Y1≈86.6m ; Y5≈127.4m
[DCF] Fair Price = 22.22 (EV 1.92b - Net Debt 841.9m = Equity 1.08b / Shares 48.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.23 | # QB: 0
Revenue Correlation: 75.29 | Revenue CAGR: 3.37% | SUE: -0.97 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.04 | Chg30d=N/A | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=N/A | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.23 | Chg30d=+47.88% | Revisions=+0% | GrowthEPS=+61.9% | GrowthRev=+5.4%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=+65.00% | Revisions=+0% | GrowthEPS=-36.1% | GrowthRev=+3.2%
[Analyst] Revisions Ratio: -29% (up=1, down=3)