(GOOD) Gladstone Commercial - Ratings and Ratios
Office, Industrial, Net-Leased, Single-Tenant, Multi-Tenant
Dividends
| Dividend Yield | 11.98% |
| Yield on Cost 5y | 10.66% |
| Yield CAGR 5y | -5.46% |
| Payout Consistency | 95.7% |
| Payout Ratio | 2.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 22.4% |
| Value at Risk 5%th | 35.7% |
| Relative Tail Risk | -3.00% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.79 |
| Alpha | -39.24 |
| CAGR/Max DD | -0.22 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.358 |
| Beta | 0.506 |
| Beta Downside | 0.555 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.64% |
| Mean DD | 20.64% |
| Median DD | 21.41% |
Description: GOOD Gladstone Commercial October 22, 2025
Gladstone Commercial Corporation (NASDAQ: GOOD) is a diversified REIT focused on single-tenant and anchored multi-tenant net-lease properties, primarily in the industrial and office sectors. As of June 30 2025 the portfolio comprised roughly 17 million sq ft across 143 assets in 27 states, leased to 107 tenants spanning 20 industries, with an average lease term of 7.1 years. Approximately 51 % of the tenant base carries investment-grade or equivalent credit ratings, and the company’s total assets were about $1.2 billion at that date.
Key market metrics that influence GOOD’s outlook include: (1) occupancy rates, which have hovered around 94 % in the latest quarterly report, indicating strong demand for net-lease space; (2) FFO (funds from operations) growth of 5.2 % YoY in Q2 2025, driven by rent escalations and new build-to-suit acquisitions; and (3) interest-rate sensitivity, as higher Treasury yields can compress cap rates for net-lease REITs, though the current low-inflation environment supports continued tenant credit quality. Additionally, the industrial segment benefits from sustained e-commerce logistics demand, while office exposure is moderated by a gradual shift toward hybrid work models, which may affect lease renewal dynamics.
For a deeper, data-driven assessment of GOOD’s valuation and risk profile, you might explore the analytical tools available on ValueRay to benchmark its performance against peer REITs and sector trends.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (21.1m TTM) > 0 and > 6% of Revenue (6% = 9.31m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 1.98pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -97.64% (prev -39.60%; Δ -58.04pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 95.2m > Net Income 21.1m (YES >=105%, WARN >=100%) |
| Net Debt (831.7m) to EBITDA (116.0m) ratio: 7.17 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (47.2m) change vs 12m ago 10.34% (target <= -2.0% for YES) |
| Gross Margin 77.42% (prev 79.65%; Δ -2.23pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 13.15% (prev 13.49%; Δ -0.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.54 (EBITDA TTM 116.0m / Interest Expense TTM 39.0m) >= 6 (WARN >= 3) |
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 (Balance) -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 |
| Total Rating: -2.79 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.03
| 1. Piotroski 4.0pt |
| 2. FCF Yield 5.69% |
| 3. FCF Margin 50.12% |
| 4. Debt/Equity 4.60 |
| 5. Debt/Ebitda 7.17 |
| 6. ROIC - WACC (= -0.45)% |
| 7. RoE 11.78% |
| 8. Rev. Trend 55.14% |
| 9. EPS Trend 41.14% |
What is the price of GOOD shares?
Over the past week, the price has changed by -0.18%, over one month by -2.77%, over three months by -14.71% and over the past year by -30.08%.
Is GOOD a buy, sell or hold?
- Strong Buy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the GOOD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.5 | 15.2% |
| Analysts Target Price | 12.5 | 15.2% |
| ValueRay Target Price | 11.2 | 3.1% |
GOOD Fundamental Data Overview December 03, 2025
P/E Trailing = 57.6842
P/E Forward = 64.9351
P/S = 3.447
P/B = 2.8963
P/EG = -62.67
Beta = 1.095
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 = 1.37b USD (535.1m + Debt 850.1m - CCE 18.4m)
Interest Coverage Ratio = 1.54 (Ebit TTM 60.1m / Interest Expense TTM 39.0m)
FCF Yield = 5.69% (FCF TTM 77.8m / Enterprise Value 1.37b)
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 = 1.08 (Enterprise Value 1.37b / Total Assets 1.27b)
Interest Expense / Debt = 1.26% (Interest Expense 10.7m / Debt 850.1m)
Taxrate = 53.55% (12.9m / 24.0m)
NOPAT = 27.9m (EBIT 60.1m * (1 - 53.55%))
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 = 1.67% (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 = 2.95% (NOPAT 27.9m / Invested Capital 947.1m)
WACC = 3.40% (E(535.1m)/V(1.39b) * Re(7.88%) + D(850.1m)/V(1.39b) * Rd(1.26%) * (1-Tc(0.54)))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 8.26%
[DCF Debug] Terminal Value 77.85% ; FCFE base≈65.0m ; Y1≈63.1m ; Y5≈63.1m
Fair Price DCF = 23.18 (DCF Value 1.12b / Shares Outstanding 48.4m; 5y FCF grow -4.06% → 3.0% )
EPS Correlation: 41.14 | EPS CAGR: 4.72% | SUE: -0.04 | # 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%
Additional Sources for GOOD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle