Gladstone Commercial (LSE:0IVQ) - Stock Price, News & Analysis

0IVQ Stock Overview

A real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. More details

0IVQ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 24.1% below our estimate of its fair value

Earnings are forecast to grow 14.19% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.14% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Gladstone Commercial Corporation Competitors

UK Commercial Property REIT

LSE:UKCM

UK£947.3m

Picton Property Income

LSE:PCTN

UK£370.4m

Schroder Real Estate Investment Trust

LSE:SREI

UK£243.1m

AEW UK REIT

LSE:AEWU

UK£148.3m

Price History & Performance

Summary of all time highs, changes and price drops for Gladstone Commercial
Historical stock prices
Current Share Price	US$17.04
52 Week High	US$17.48
52 Week Low	US$11.91
Beta	1.2
11 Month Change	4.90%
3 Month Change	16.99%
1 Year Change	39.00%
33 Year Change	-24.37%
5 Year Change	-26.55%
Change since IPO	-12.75%

Recent updates

Shareholder Returns

	0IVQ	GB REITs	GB Market
7D	1.0%	1.3%	0.7%
1Y	39.0%	-1.2%	6.1%

Return vs Industry: 0IVQ exceeded the UK REITs industry which returned -1.2% over the past year.

Return vs Market: 0IVQ exceeded the UK Market which returned 6.1% over the past year.

Price Volatility

Is 0IVQ's price volatile compared to industry and market?
0IVQ volatility
0IVQ Average Weekly Movement	3.2%
REITs Industry Average Movement	2.9%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0IVQ has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0IVQ's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	n/a	David Gladstone	www.gladstonecommercial.com

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions.

Gladstone Commercial Corporation Fundamentals Summary

How do Gladstone Commercial's earnings and revenue compare to its market cap?
0IVQ fundamental statistics
Market cap	US$738.51m
Earnings (TTM)	US$8.48m
Revenue (TTM)	US$147.92m

87.0x

P/E Ratio

5.0x

P/S Ratio

Is 0IVQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0IVQ income statement (TTM)
Revenue	US$147.92m
Cost of Revenue	US$30.10m
Gross Profit	US$117.83m
Other Expenses	US$109.35m
Earnings	US$8.48m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	79.65%
Net Profit Margin	5.73%
Debt/Equity Ratio	204.9%

How did 0IVQ perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

106%

Payout Ratio

Does 0IVQ pay a reliable dividends?

See 0IVQ dividend history and benchmarks

When do you need to buy 0IVQ by to receive an upcoming dividend?
Gladstone Commercial dividend dates
Ex Dividend Date	Nov 20 2024
Dividend Pay Date	Nov 29 2024
Days until Ex dividend	2 days
Days until Dividend pay date	7 days

Does 0IVQ pay a reliable dividends?

See 0IVQ dividend history and benchmarks

0IVQ Stock Overview

Rewards

Risk Analysis

Gladstone Commercial Corporation Competitors

LSE:UKCM

UK£947.3m

LSE:PCTN

UK£370.4m

LSE:SREI

UK£243.1m

LSE:AEWU

UK£148.3m

Price History & Performance

Recent News & Updates

Gladstone Commercial Corporation Announces Executive Changes

Upcoming dividend of US$0.10 per share

Now 21% undervalued

New major risk - Financial position

Third quarter 2024 earnings released: EPS: US$0.20 (vs US$0.036 loss in 3Q 2023)

Dividend of US$0.10 announced

Recent updates

Gladstone Commercial Corporation Announces Executive Changes

Upcoming dividend of US$0.10 per share

Now 21% undervalued

New major risk - Financial position

Third quarter 2024 earnings released: EPS: US$0.20 (vs US$0.036 loss in 3Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share

Gladstone Commercial Corporation Announces Election of Katharine Cornell Gorka as Director

Dividend of US$0.10 announced

New minor risk - Profitability

Upcoming dividend of US$0.10 per share

Forecast breakeven date pushed back to 2026

Second quarter 2024 earnings released: US$0.04 loss per share (vs US$0.19 loss in 2Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Gladstone Commercial Corporation to Report Q2, 2024 Results on Aug 06, 2024

Upcoming dividend of US$0.10 per share

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share

New major risk - Revenue and earnings growth

No longer forecast to breakeven

First quarter 2024 earnings released: EPS: US$0.008 (vs US$0.018 loss in 1Q 2023)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Gladstone Commercial Corporation has filed a Follow-on Equity Offering in the amount of $250 million.

Gladstone Commercial Corporation, Annual General Meeting, May 02, 2024

Upcoming dividend of US$0.10 per share

Insufficient new directors

Full year 2023 earnings released: US$0.19 loss per share (vs US$0.078 loss in FY 2022)

Dividend of US$0.10 announced

Dividend of US$0.10 announced

Upcoming dividend of US$0.10 per share at 9.3% yield

Upcoming dividend of US$0.10 per share at 8.9% yield

Gladstone Commercial Corporation to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.10 per share at 8.9% yield

Now 21% undervalued after recent price drop

New minor risk - Profitability

Upcoming dividend of US$0.10 per share at 10% yield

Gladstone Commercial Corporation Reports Impairment Charges for the Three Months Ended September 30, 2023

Third quarter 2023 earnings released: US$0.036 loss per share (vs US$0.015 loss in 3Q 2022)

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania for $7.8 million.

Gladstone Commercial Corporation to Report Q3, 2023 Results on Nov 06, 2023

Upcoming dividend of US$0.10 per share at 9.1% yield

Upcoming dividend of US$0.10 per share at 8.7% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.19 loss per share (vs US$0.039 loss in 2Q 2022)

Gladstone Commercial Corporation to Report Q2, 2023 Results on Aug 08, 2023

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired 7,714 square foot medical facility in Burleson, Texas for $2.85 million.

Upcoming dividend of US$0.10 per share at 9.5% yield

Upcoming dividend of US$0.10 per share at 11% yield

CFO & Assistant Treasurer recently bought US$90k worth of stock

First quarter 2023 earnings released: US$0.018 loss per share (vs US$0.008 profit in 1Q 2022)

Upcoming dividend of US$0.10 per share at 8.9% yield

Full year 2022 earnings released: FFO per share: US$1.6 (vs US$1.56 in FY 2021)

Upcoming dividend of US$0.10 per share at 7.2% yield

Gladstone Commercial Corporation Declares Distribution on Senior Common Stock, Payable on February 6, March 6 and April 6, 2023

Gladstone Commercial Corporation to Report Q4, 2022 Results on Feb 22, 2023

Gladstone Commercial Corporation (NasdaqGS:GOOD) acquired a 65,000 Square Foot Industrial Manufacturing Facility in Greenville, South Carolina.