GOOD Stock Overview
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.
Gladstone Commercial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.92|
|52 Week High||US$26.13|
|52 Week Low||US$18.23|
|1 Month Change||-9.58%|
|3 Month Change||-4.51%|
|1 Year Change||-4.78%|
|3 Year Change||-6.52%|
|5 Year Change||-2.16%|
|Change since IPO||32.54%|
Recent News & Updates
Gladstone Commercial: Buy This 7.8% Yielding Trust
Gladstone Commercial is a well-managed trust whose portfolio is currently 97% occupied. The portfolio is well-diversified. The dividend remains covered by FFO.
Gladstone Commercial: 7.4% Yield, Good Things Come To Those Who Wait
Gladstone Commercial continues to deliver steady results with strong occupancy. Management has made solid progress towards increasing the property allocation to the bustling industrial sector. The recent sell-off has materially pushed up the dividend yield, creating an opportunity for income investors.
|GOOD||US REITs||US Market|
Return vs Industry: GOOD underperformed the US REITs industry which returned -1.3% over the past year.
Return vs Market: GOOD exceeded the US Market which returned -13.2% over the past year.
|GOOD Average Weekly Movement||4.3%|
|REITs Industry Average Movement||4.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: GOOD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GOOD's weekly volatility (4%) has been stable over the past year.
About the Company
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 September 2020, Gladstone Commercial has paid 189 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 Fundamentals Summary
|GOOD fundamental statistics|
Is GOOD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GOOD income statement (TTM)|
|Cost of Revenue||US$33.15m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.033|
|Net Profit Margin||-0.92%|
How did GOOD perform over the long term?See historical performance and comparison
7.6%Current Dividend Yield
Does GOOD pay a reliable dividends?See GOOD dividend history and benchmarks
|Gladstone Commercial dividend dates|
|Ex Dividend Date||Jun 21 2022|
|Dividend Pay Date||Jun 30 2022|
|Days until Ex dividend||25 days|
|Days until Dividend pay date||34 days|
Does GOOD pay a reliable dividends?See GOOD dividend history and benchmarks
Is Gladstone Commercial undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOOD ($19.92) is trading below our estimate of fair value ($43.85)
Significantly Below Fair Value: GOOD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GOOD is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US REITs industry average.
PE vs Market: GOOD is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GOOD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GOOD is overvalued based on its Price-To-Book Ratio (3.6x) compared to the US REITs industry average (1.6x).
How is Gladstone Commercial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOOD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: GOOD is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GOOD's is expected to become profitable in the next 3 years.
Revenue vs Market: GOOD's revenue (1.8% per year) is forecast to grow slower than the US market (7.7% per year).
High Growth Revenue: GOOD's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GOOD's Return on Equity is forecast to be high in 3 years time
How has Gladstone Commercial performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOOD is currently unprofitable.
Growing Profit Margin: GOOD is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GOOD is unprofitable, but has reduced losses over the past 5 years at a rate of 5.8% per year.
Accelerating Growth: Unable to compare GOOD's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GOOD is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).
Return on Equity
High ROE: GOOD has a negative Return on Equity (3.4%), as it is currently unprofitable.
How is Gladstone Commercial's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: GOOD's short term assets ($67.1M) exceed its short term liabilities ($9.7M).
Long Term Liabilities: GOOD's short term assets ($67.1M) do not cover its long term liabilities ($759.8M).
Debt to Equity History and Analysis
Debt Level: GOOD's net debt to equity ratio (179.7%) is considered high.
Reducing Debt: GOOD's debt to equity ratio has increased from 161.3% to 183.4% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GOOD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GOOD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.5% per year.
What is Gladstone Commercial current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GOOD's dividend (7.55%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: GOOD's dividend (7.55%) is in the top 25% of dividend payers in the US market (4.06%)
Stability and Growth of Payments
Stable Dividend: GOOD's dividends per share have been stable in the past 10 years.
Growing Dividend: GOOD's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (118.6%), GOOD's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (83.1%), GOOD's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Gladstone (79 yo)
Mr. David John Gladstone has served as Chief Executive Officer, President and Chairman of the Board of Directors at Gladstone Companies, Inc. since its inception in 2009. He has been the Chief Executive Of...
Experienced Management: GOOD's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: GOOD's board of directors are seasoned and experienced ( 18.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Gladstone Commercial Corporation's employee growth, exchange listings and data sources
- Name: Gladstone Commercial Corporation
- Ticker: GOOD
- Exchange: NasdaqGS
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$774.901m
- Market Cap: US$769.890m
- Shares outstanding: 38.91m
- Website: https://www.gladstonecommercial.com
- Gladstone Commercial Corporation
- 1521 Westbranch Drive
- Suite 100
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.