Gladstone Commercial
Market Cap
US$706.1m
Last Updated
2019/11/19 23:52 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Average dividend payer with moderate growth potential.
Share Price & News
How has Gladstone Commercial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GOOD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.3%
GOOD
2.4%
US REITs
0.9%
US Market
1 Year Return
18.6%
GOOD
15.7%
US REITs
16.8%
US Market
Return vs Industry: GOOD exceeded the US REITs industry which returned 15.7% over the past year.
Return vs Market: GOOD exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| GOOD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 2.4% | 0.9% |
| 30 Day | -3.3% | -2.0% | 4.5% |
| 90 Day | 1.7% | 1.7% | 6.2% |
| 1 Year | 27.3%18.6% | 20.6%15.7% | 19.4%16.8% |
| 3 Year | 47.3%18.1% | 40.0%22.5% | 47.5%38.0% |
| 5 Year | 92.6%28.8% | 57.1%24.4% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is Gladstone Commercial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Can You Imagine How Gladstone Commercial's (NASDAQ:GOOD) Shareholders Feel About The 29% Share Price Increase?1 month ago | Simply Wall St
Gladstone Commercial Corporation (NASDAQ:GOOD) Pays A 0.5% In Just 4 Days1 month ago | Simply Wall St
What Kind Of Shareholder Appears On The Gladstone Commercial Corporation's (NASDAQ:GOOD) Shareholder Register?Valuation
Is Gladstone Commercial undervalued compared to its fair value and its price relative to the market?
40.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GOOD ($22.61) is trading below our estimate of fair value ($37.93)
Significantly Below Fair Value: GOOD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GOOD is poor value based on its PE Ratio (3203x) compared to the REITs industry average (38.7x).
PE vs Market: GOOD is poor value based on its PE Ratio (3203x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: GOOD is poor value based on its PEG Ratio (26.8x)
Price to Book Ratio
PB vs Industry: GOOD is overvalued based on its PB Ratio (2.8x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Gladstone Commercial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
119.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GOOD's forecast earnings growth (119.4% per year) is above the savings rate (2.7%).
Earnings vs Market: GOOD's earnings (119.4% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GOOD's revenue (2.9% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: GOOD's revenue (2.9% 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
Next Steps
Past Performance
How has Gladstone Commercial performed over the past 5 years?
27.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GOOD has large one-off items impacting its financial results.
Growing Profit Margin: GOOD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GOOD has become profitable over the past 5 years, growing earnings by 27.1% per year.
Accelerating Growth: GOOD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GOOD has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (8.7%).
Return on Equity
High ROE: GOOD's Return on Equity (3.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Gladstone Commercial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: GOOD has a high level of physical assets or inventory.
Debt Coverage by Assets: GOOD's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: GOOD's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if GOOD has a sufficient allowance for bad loans.
Low Risk Liabilities: GOOD reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if GOOD has an acceptable proportion of non-loan assets held.
Low Risk Deposits: GOOD has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if GOOD has an appropriate level of bad loans.
Next Steps
Dividend
What is Gladstone Commercial's current dividend yield, its reliability and sustainability?
6.63%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Gladstone Commercial before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GOOD's dividend (6.63%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: GOOD's dividend (6.63%) is in the top 25% of dividend payers in the US market (3.68%)
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 not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (120.8%), GOOD's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GOOD's dividends in 3 years are forecast to be thoroughly covered by earnings (2.6% payout ratio).
Next Steps
Management
What is the CEO of Gladstone Commercial's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
David Gladstone (77yo)
16.8yrs
Tenure
US$70,898
Compensation
Mr. David John Gladstone is the Founder of The Gladstone Companies and has been its Chief Executive Officer and Chairman since inception in 2003. Mr. Gladstone founded Gladstone Commercial Corp. in 2003 an ...
Management Age and Tenure
9.8yrs
Average Tenure
59yo
Average Age
Experienced Management: GOOD's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
16.1yrs
Average Tenure
74yo
Average Age
Experienced Board: GOOD's board of directors are seasoned and experienced ( 16.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
Management Team
David Gladstone (77yo)
Founder
- Tenure: 16.8yrs
- Compensation: US$70.90k
Matt Tucker (46yo)
Senior Managing Director
- Tenure: 0yrs
Bob Cutlip (69yo)
President
- Tenure: 7.4yrs
Terry Brubaker (75yo)
Vice Chairman & COO
- Tenure: 12.3yrs
- Compensation: US$169.24k
Buzz Cooper
Senior Managing Director
- Tenure: 0yrs
Jack Dellafiora
Chief Compliance Officer
- Tenure: 12.2yrs
Michael LiCalsi (49yo)
General Counsel & Secretary
- Tenure: 0yrs
Brandon Flickinger
Managing Director
- Tenure: 2.3yrs
Mike Sodo (41yo)
Chief Financial Officer
- Tenure: 3yrs
- Compensation: US$95.38k
Karin McLaughlin
Investor Relations Specialist
- Tenure: 0yrs
Board Members
David Gladstone (77yo)
Founder
- Tenure: 16.8yrs
- Compensation: US$70.90k
Walter Wilkinson (73yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$37.00k
Michela English (69yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: US$37.00k
Terry Brubaker (75yo)
Vice Chairman & COO
- Tenure: 12.3yrs
- Compensation: US$169.24k
Anthony Parker (74yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: US$44.50k
Paul Adelgren (76yo)
Lead Independent Director
- Tenure: 16.3yrs
- Compensation: US$38.00k
John Outland (74yo)
Independent Director
- Tenure: 15.9yrs
- Compensation: US$48.00k
Caren Merrick (59yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$37.00k
Company Information
Gladstone Commercial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gladstone Commercial Corporation
- Ticker: GOOD
- Exchange: NasdaqGS
- Founded: 2003
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: US$706.091m
- Shares outstanding: 31.23m
- Website: https://www.gladstonecommercial.com
Location
- Gladstone Commercial Corporation
- 1521 Westbranch Drive
- Suite 100
- McLean
- Virginia
- 22102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GOOD | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 2003 |
| GLE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2003 |
| 0IVQ | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 2003 |
| GOOD.P | NasdaqGM (Nasdaq Global Market) | PFD SER A | US | USD | Jan 2006 | |
| GOOD.O | NasdaqGM (Nasdaq Global Market) | PFD B 7.50% | US | USD | Oct 2006 | |
| GOOD.M | NasdaqGS (Nasdaq Global Select) | PFD SER D | US | USD | May 2016 | |
| GOOD.N | NasdaqGS (Nasdaq Global Select) | 6.625 PFD SER E | US | USD | Sep 2019 |
Biography
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 throu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 23:52 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.