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GLADSTONE COMMERCIAL CORP (GOOD) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:GOOD - US3765361080 - REIT

11.52 USD
-0.05 (-0.43%)
Last: 1/21/2026, 10:54:24 AM
Fundamental Rating

3

Taking everything into account, GOOD scores 3 out of 10 in our fundamental rating. GOOD was compared to 125 industry peers in the Diversified REITs industry. While GOOD is still in line with the averages on profitability rating, there are concerns on its financial health. GOOD is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year GOOD was profitable.
  • In the past year GOOD had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: GOOD reported negative net income in multiple years.
  • Each year in the past 5 years GOOD had a positive operating cash flow.
GOOD Yearly Net Income VS EBIT VS OCF VS FCFGOOD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

  • GOOD has a Return On Assets (0.66%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 2.35%, GOOD is in line with its industry, outperforming 51.20% of the companies in the same industry.
  • GOOD has a Return On Invested Capital of 3.64%. This is in the better half of the industry: GOOD outperforms 68.80% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for GOOD is in line with the industry average of 3.07%.
  • The 3 year average ROIC (3.53%) for GOOD is below the current ROIC(3.64%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.66%
ROE 2.35%
ROIC 3.64%
ROA(3y)0.03%
ROA(5y)-0.01%
ROE(3y)0.02%
ROE(5y)-0.07%
ROIC(3y)3.53%
ROIC(5y)3.14%
GOOD Yearly ROA, ROE, ROICGOOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4

1.3 Margins

  • GOOD has a Profit Margin (5.36%) which is in line with its industry peers.
  • GOOD has a Operating Margin of 36.74%. This is in the better half of the industry: GOOD outperforms 79.20% of its industry peers.
  • In the last couple of years the Operating Margin of GOOD has grown nicely.
  • With a decent Gross Margin value of 77.68%, GOOD is doing good in the industry, outperforming 77.60% of the companies in the same industry.
  • GOOD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.74%
PM (TTM) 5.36%
GM 77.68%
OM growth 3Y12.15%
OM growth 5Y2.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5Y-1.4%
GOOD Yearly Profit, Operating, Gross MarginsGOOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

0

2. Health

2.1 Basic Checks

  • GOOD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for GOOD has been increased compared to 1 year ago.
  • Compared to 5 years ago, GOOD has more shares outstanding
  • The debt/assets ratio for GOOD has been reduced compared to a year ago.
GOOD Yearly Shares OutstandingGOOD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
GOOD Yearly Total Debt VS Total AssetsGOOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of -0.08, we must say that GOOD is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.08, GOOD is doing worse than 76.80% of the companies in the same industry.
  • A Debt/Equity ratio of 2.37 is on the high side and indicates that GOOD has dependencies on debt financing.
  • GOOD's Debt to Equity ratio of 2.37 is on the low side compared to the rest of the industry. GOOD is outperformed by 72.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Altman-Z -0.08
ROIC/WACC0.54
WACC6.7%
GOOD Yearly LT Debt VS Equity VS FCFGOOD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • GOOD has a Current Ratio of 0.68. This is a bad value and indicates that GOOD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GOOD has a Current ratio of 0.68. This is in the lower half of the industry: GOOD underperforms 68.00% of its industry peers.
  • A Quick Ratio of 0.68 indicates that GOOD may have some problems paying its short term obligations.
  • GOOD's Quick ratio of 0.68 is on the low side compared to the rest of the industry. GOOD is outperformed by 68.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.68
Quick Ratio 0.68
GOOD Yearly Current Assets VS Current LiabilitesGOOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

2

3. Growth

3.1 Past

  • The earnings per share for GOOD have decreased strongly by -10.00% in the last year.
  • Looking at the last year, GOOD shows a small growth in Revenue. The Revenue has grown by 4.95% in the last year.
  • The Revenue has been growing slightly by 5.48% on average over the past years.
EPS 1Y (TTM)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90%
Revenue 1Y (TTM)4.95%
Revenue growth 3Y2.75%
Revenue growth 5Y5.48%
Sales Q2Q%4.09%

3.2 Future

  • GOOD is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.38% yearly.
  • Based on estimates for the next years, GOOD will show a small growth in Revenue. The Revenue will grow by 3.16% on average per year.
EPS Next Y-54.23%
EPS Next 2Y-22.65%
EPS Next 3Y-14.38%
EPS Next 5YN/A
Revenue Next Year6.02%
Revenue Next 2Y6.15%
Revenue Next 3Y5.74%
Revenue Next 5Y3.16%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GOOD Yearly Revenue VS EstimatesGOOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 50M 100M 150M
GOOD Yearly EPS VS EstimatesGOOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 0.2 -0.2

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 64.00, the valuation of GOOD can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of GOOD is on the same level as its industry peers.
  • GOOD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.94.
  • With a Price/Forward Earnings ratio of 74.06, GOOD can be considered very expensive at the moment.
  • GOOD's Price/Forward Earnings is on the same level as the industry average.
  • GOOD is valuated expensively when we compare the Price/Forward Earnings ratio to 23.94, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 64
Fwd PE 74.06
GOOD Price Earnings VS Forward Price EarningsGOOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GOOD is valued a bit cheaper than 70.40% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.6
GOOD Per share dataGOOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

  • GOOD has a very decent profitability rating, which may justify a higher PE ratio.
  • GOOD's earnings are expected to decrease with -14.38% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.65%
EPS Next 3Y-14.38%

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 7.21%, GOOD is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.59, GOOD pays a bit more dividend than its industry peers.
  • GOOD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 7.21%

5.2 History

  • The dividend of GOOD decreases each year by -4.40%.
  • GOOD has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of GOOD decreased recently.
Dividend Growth(5Y)-4.4%
Div Incr Years0
Div Non Decr Years1
GOOD Yearly Dividends per shareGOOD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 803.10% of the earnings are spent on dividend by GOOD. This is not a sustainable payout ratio.
  • The Dividend Rate of GOOD has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP803.1%
EPS Next 2Y-22.65%
EPS Next 3Y-14.38%
GOOD Yearly Income VS Free CF VS DividendGOOD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
GOOD Dividend Payout.GOOD Dividend Payout, showing the Payout Ratio.GOOD Dividend Payout.PayoutRetained Earnings

GLADSTONE COMMERCIAL CORP

NASDAQ:GOOD (1/21/2026, 10:54:24 AM)

11.52

-0.05 (-0.43%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03
Earnings (Next)02-18
Inst Owners51.06%
Inst Owner Change0.36%
Ins Owners1.17%
Ins Owner Change0.12%
Market Cap592.82M
Revenue(TTM)155.25M
Net Income(TTM)8.32M
Analysts80
Price Target12.75 (10.68%)
Short Float %5.19%
Short Ratio4.67
Dividend
Industry RankSector Rank
Dividend Yield 7.21%
Yearly Dividend1.48
Dividend Growth(5Y)-4.4%
DP803.1%
Div Incr Years0
Div Non Decr Years1
Ex-Date03-23
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-70.47%
Min EPS beat(2)-76.23%
Max EPS beat(2)-64.7%
EPS beat(4)2
Avg EPS beat(4)-26.61%
Min EPS beat(4)-76.23%
Max EPS beat(4)20.66%
EPS beat(8)5
Avg EPS beat(8)-19.31%
EPS beat(12)6
Avg EPS beat(12)-80.1%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-0.44%
Max Revenue beat(2)1.15%
Revenue beat(4)1
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-3.67%
Max Revenue beat(4)1.15%
Revenue beat(8)3
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-1.91%
Revenue beat(16)5
Avg Revenue beat(16)-1.53%
PT rev (1m)0%
PT rev (3m)-16.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-70.37%
EPS NY rev (1m)-46.36%
EPS NY rev (3m)-55.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.04%
Valuation
Industry RankSector Rank
PE 64
Fwd PE 74.06
P/S 3.82
P/FCF N/A
P/OCF 6.23
P/B 1.67
P/tB 2.55
EV/EBITDA 12.6
EPS(TTM)0.18
EY1.56%
EPS(NY)0.16
Fwd EY1.35%
FCF(TTM)-2.7
FCFYN/A
OCF(TTM)1.85
OCFY16.06%
SpS3.02
BVpS6.9
TBVpS4.52
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.28
Profitability
Industry RankSector Rank
ROA 0.66%
ROE 2.35%
ROCE 4.61%
ROIC 3.64%
ROICexc 3.7%
ROICexgc 4.15%
OM 36.74%
PM (TTM) 5.36%
GM 77.68%
FCFM N/A
ROA(3y)0.03%
ROA(5y)-0.01%
ROE(3y)0.02%
ROE(5y)-0.07%
ROIC(3y)3.53%
ROIC(5y)3.14%
ROICexc(3y)3.56%
ROICexc(5y)3.17%
ROICexgc(3y)4%
ROICexgc(5y)3.56%
ROCE(3y)4.46%
ROCE(5y)3.98%
ROICexgc growth 3Y17.8%
ROICexgc growth 5Y7.28%
ROICexc growth 3Y17.97%
ROICexc growth 5Y7.68%
OM growth 3Y12.15%
OM growth 5Y2.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5Y-1.4%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Debt/EBITDA 7.44
Cap/Depr 418.99%
Cap/Sales 150.82%
Interest Coverage 250
Cash Conversion 84.32%
Profit Quality N/A
Current Ratio 0.68
Quick Ratio 0.68
Altman-Z -0.08
F-Score3
WACC6.7%
ROIC/WACC0.54
Cap/Depr(3y)109.89%
Cap/Depr(5y)149.38%
Cap/Sales(3y)44.05%
Cap/Sales(5y)61.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90%
EPS Next Y-54.23%
EPS Next 2Y-22.65%
EPS Next 3Y-14.38%
EPS Next 5YN/A
Revenue 1Y (TTM)4.95%
Revenue growth 3Y2.75%
Revenue growth 5Y5.48%
Sales Q2Q%4.09%
Revenue Next Year6.02%
Revenue Next 2Y6.15%
Revenue Next 3Y5.74%
Revenue Next 5Y3.16%
EBIT growth 1Y8.21%
EBIT growth 3Y15.23%
EBIT growth 5Y8.21%
EBIT Next Year144.01%
EBIT Next 3Y41.39%
EBIT Next 5YN/A
FCF growth 1Y-999.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y56.68%
OCF growth 3Y-6.7%
OCF growth 5Y-1.1%

GLADSTONE COMMERCIAL CORP / GOOD FAQ

What is the fundamental rating for GOOD stock?

ChartMill assigns a fundamental rating of 3 / 10 to GOOD.


What is the valuation status of GLADSTONE COMMERCIAL CORP (GOOD) stock?

ChartMill assigns a valuation rating of 2 / 10 to GLADSTONE COMMERCIAL CORP (GOOD). This can be considered as Overvalued.


What is the profitability of GOOD stock?

GLADSTONE COMMERCIAL CORP (GOOD) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for GOOD stock?

The Price/Earnings (PE) ratio for GLADSTONE COMMERCIAL CORP (GOOD) is 64 and the Price/Book (PB) ratio is 1.67.


How financially healthy is GLADSTONE COMMERCIAL CORP?

The financial health rating of GLADSTONE COMMERCIAL CORP (GOOD) is 0 / 10.