GLADSTONE COMMERCIAL CORP (GOOD) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:GOOD • US3765361080

11.5 USD
-0.02 (-0.17%)
At close: Feb 9, 2026
11.5 USD
0 (0%)
After Hours: 2/9/2026, 4:15:36 PM
Fundamental Rating

3

GOOD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 122 industry peers in the Diversified REITs industry. GOOD has a medium profitability rating, but doesn't score so well on its financial health evaluation. GOOD has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • GOOD had positive earnings in the past year.
  • GOOD had a positive operating cash flow in the past year.
  • 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

  • With a Return On Assets value of 0.66%, GOOD perfoms like the industry average, outperforming 50.82% of the companies in the same industry.
  • With a Return On Equity value of 2.35%, GOOD perfoms like the industry average, outperforming 51.64% 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 68.85% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GOOD is in line with the industry average of 3.07%.
  • The last Return On Invested Capital (3.64%) for GOOD is above the 3 year average (3.53%), which is a sign of increasing profitability.
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

  • With a Profit Margin value of 5.36%, GOOD perfoms like the industry average, outperforming 54.10% of the companies in the same industry.
  • GOOD's Operating Margin of 36.74% is fine compared to the rest of the industry. GOOD outperforms 79.51% of its industry peers.
  • GOOD's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 77.68%, GOOD is doing good in the industry, outperforming 77.87% 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GOOD is destroying value.
  • Compared to 1 year ago, GOOD has more shares outstanding
  • Compared to 5 years ago, GOOD has more shares outstanding
  • Compared to 1 year ago, GOOD has an improved debt to assets ratio.
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

  • GOOD has an Altman-Z score of -0.08. This is a bad value and indicates that GOOD is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -0.08, GOOD is not doing good in the industry: 77.87% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 2.37 is on the high side and indicates that GOOD has dependencies on debt financing.
  • The Debt to Equity ratio of GOOD (2.37) is worse than 72.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Altman-Z -0.08
ROIC/WACC0.55
WACC6.65%
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's Current ratio of 0.68 is on the low side compared to the rest of the industry. GOOD is outperformed by 68.03% of its industry peers.
  • GOOD has a Quick 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.
  • With a Quick ratio value of 0.68, GOOD is not doing good in the industry: 68.03% of the companies in the same industry are doing better.
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

  • GOOD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.00%.
  • GOOD shows a small growth in Revenue. In the last year, the Revenue has grown by 4.95%.
  • 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

  • Based on estimates for the next years, GOOD will show a very negative growth in Earnings Per Share. The EPS will decrease by -38.26% on average per year.
  • The Revenue is expected to grow by 3.16% on average over the next years.
EPS Next Y-52.92%
EPS Next 2Y-23.29%
EPS Next 3Y-38.26%
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 63.89, the valuation of GOOD can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as GOOD.
  • GOOD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.93.
  • The Price/Forward Earnings ratio is 75.16, which means the current valuation is very expensive for GOOD.
  • The rest of the industry has a similar Price/Forward Earnings ratio as GOOD.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. GOOD is valued rather expensively when compared to this.
Industry RankSector Rank
PE 63.89
Fwd PE 75.16
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

  • 71.31% of the companies in the same industry are more expensive than GOOD, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.58
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.
  • A cheap valuation may be justified as GOOD's earnings are expected to decrease with -38.26% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.29%
EPS Next 3Y-38.26%

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 10.26%, GOOD is a good candidate for dividend investing.
  • GOOD's Dividend Yield is rather good when compared to the industry average which is at 6.81. GOOD pays more dividend than 91.80% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, GOOD pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.26%

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-23.29%
EPS Next 3Y-38.26%
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 (2/9/2026, 4:15:36 PM)

After market: 11.5 0 (0%)

11.5

-0.02 (-0.17%)

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 Change0.29%
Ins Owners1.17%
Ins Owner Change0.12%
Market Cap591.79M
Revenue(TTM)155.25M
Net Income(TTM)8.32M
Analysts80
Price Target12.75 (10.87%)
Short Float %5.04%
Short Ratio4.83
Dividend
Industry RankSector Rank
Dividend Yield 10.26%
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)-11.35%
EPS NQ rev (1m)12.49%
EPS NQ rev (3m)-61.29%
EPS NY rev (1m)2.85%
EPS NY rev (3m)-48.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.77%
Valuation
Industry RankSector Rank
PE 63.89
Fwd PE 75.16
P/S 3.81
P/FCF N/A
P/OCF 6.22
P/B 1.67
P/tB 2.54
EV/EBITDA 12.58
EPS(TTM)0.18
EY1.57%
EPS(NY)0.15
Fwd EY1.33%
FCF(TTM)-2.7
FCFYN/A
OCF(TTM)1.85
OCFY16.09%
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
WACC6.65%
ROIC/WACC0.55
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-52.92%
EPS Next 2Y-23.29%
EPS Next 3Y-38.26%
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 63.89 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.