Gladstone Commercial Corporation logo

Gladstone Commercial Corporation

GOOD

NASDAQReal EstateREIT - Diversified

Previous close

$12.91

−$0.07 · -0.54%

Aug 21, 4:00 PM ET

GOOD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

65

Undervalued

Momentum

48

Neutral

Sentiment

59

Mixed

Risk resilience

71

Moderate Risk

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Company profile

Company website

Gladstone Commercial Corporation functions as a real estate investment trust (REIT), primarily focused on acquiring, holding, and managing industrial and office properties under net leases across the United States. The company demonstrates a strong history of investor payouts, having delivered 189 continuous monthly cash dividends to its common stockholders up to September 2020. This followed an initial period where five consecutive quarterly cash distributions were made. Additionally, preferred stockholders have experienced uninterrupted payments: 53 consecutive monthly distributions for its Series D Preferred Stock, 12 for its Series E, and 3 for its Series F. Since its inception in 2003, Gladstone Commercial has consistently met its distribution commitments, never missing, decreasing, or delaying a payment.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
Arthur S. Cooper
Listed since
Aug 14, 2003
Employees
75

Market position

Day range

Current $12.91

52-week range

Current $12.91

Open
$13.04
Previous close
$12.98
Volume
338.09K
0.71× average
Average volume
478.19K
Average daily volume
Market cap
624.93M USD
Beta
1.07
Market reference 1
50-day average
$12.6498
+2.06% above average
200-day average
$11.9748
+7.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
24.32×
P/B (TTM)
3.87×
P/S (TTM)
3.67×
Dividend yield
9.30%

Profitability & efficiency

Gross margin
15.89%
Operating margin
39.09%
Net margin
14.55%

Financial health

Debt / equity
5.46×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends86%56%26%-4%Gross margin, FY2021: 76.05%Gross margin, FY2022: 77.74%Gross margin, FY2023: 78.16%Gross margin, FY2024: 78.89%Gross margin, FY2025: 5.94%Operating margin, FY2021: 26.17%Operating margin, FY2022: 30.09%Operating margin, FY2023: 34.41%Operating margin, FY2024: 34.23%Operating margin, FY2025: 37.16%Net margin, FY2021: 7.94%Net margin, FY2022: 7.25%Net margin, FY2023: 3.38%Net margin, FY2024: 16.06%Net margin, FY2025: 11.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 76.05%. Gross margin FY2022 77.74%. Gross margin FY2023 78.16%. Gross margin FY2024 78.89%. Gross margin FY2025 5.94%. Operating margin FY2021 26.17%. Operating margin FY2022 30.09%. Operating margin FY2023 34.41%. Operating margin FY2024 34.23%. Operating margin FY2025 37.16%. Net margin FY2021 7.94%. Net margin FY2022 7.25%. Net margin FY2023 3.38%. Net margin FY2024 16.06%. Net margin FY2025 11.96%.

Income trends

Revenue

161.34M USD+8.00%

Operating income

59.96M USD+17.24%

Net income

19.29M USD-19.61%
Income trends across reported periods176.97M USD114.43M USD51.89M USD−10.65M USDRevenue, FY2021: 137.69M USDRevenue, FY2022: 148.98M USDRevenue, FY2023: 147.58M USDRevenue, FY2024: 149.39M USDRevenue, FY2025: 161.34M USDOperating income, FY2021: 36.03M USDOperating income, FY2022: 44.83M USDOperating income, FY2023: 50.78M USDOperating income, FY2024: 51.14M USDOperating income, FY2025: 59.96M USDNet income, FY2021: 10.94M USDNet income, FY2022: 10.81M USDNet income, FY2023: 4.99M USDNet income, FY2024: 24M USDNet income, FY2025: 19.29M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 137.69M USD. Revenue FY2022 148.98M USD. Revenue FY2023 147.58M USD. Revenue FY2024 149.39M USD. Revenue FY2025 161.34M USD. Operating income FY2021 36.03M USD. Operating income FY2022 44.83M USD. Operating income FY2023 50.78M USD. Operating income FY2024 51.14M USD. Operating income FY2025 59.96M USD. Net income FY2021 10.94M USD. Net income FY2022 10.81M USD. Net income FY2023 4.99M USD. Net income FY2024 24M USD. Net income FY2025 19.29M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue161.34M USD149.39M USD147.58M USD148.98M USD137.69M USD
Cost of goods sold151.76M USD31.53M USD32.24M USD33.16M USD32.98M USD
Gross profit9.58M USD117.86M USD115.35M USD115.82M USD104.71M USD
Selling, general, and administrative6.62M USD6.45M USD6.71M USD5.57M USD4.67M USD
Operating expenses−50.38M USD66.72M USD64.57M USD70.99M USD68.67M USD
Interest income500K USD
Interest expense41.9M USD37.4M USD37.33M USD32.46M USD26.89M USD
Depreciation and amortization58.25M USD55.79M USD57.88M USD60.18M USD59.19M USD
Operating income59.96M USD51.14M USD50.78M USD44.83M USD36.03M USD
Net income19.29M USD24M USD4.99M USD10.81M USD10.94M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+217.34%
11 comparable reports
Latest EPS result
0.11
Estimate 0.05 · Beat by 144.44%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.410.280.150.02Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 0.17, estimate 0.078, surprise +119.35%, Beat. Q2 2025, reported May 7, 2025: actual 0.04, estimate 0.033, surprise +23.08%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.032, estimate 0.083, surprise -62.20%, Miss. Q4 2025, reported Nov 3, 2025: actual 0.021, estimate 0.083, surprise -74.79%, Miss. Q1 2026, reported Feb 18, 2026: actual 0.37, estimate 0.02, surprise +1750.00%, Beat. Q2 2026, reported May 5, 2026: actual 0.08, estimate 0.05, surprise +60.00%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.11, estimate 0.045, surprise +144.44%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.033, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates45.75M42.36M38.96M35.57MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 18, 2025: actual 37.38M USD, estimate 38.04M USD, surprise -1.74%, Miss. Q2 2025, reported May 7, 2025: actual 37.5M USD, estimate 37.33M USD, surprise +0.45%, Beat. Q3 2025, reported Aug 6, 2025: actual 39.53M USD, estimate 38.32M USD, surprise +3.17%, Beat. Q4 2025, reported Nov 3, 2025: actual 40.84M USD, estimate 40.22M USD, surprise +1.55%, Beat. Q1 2026, reported Feb 18, 2026: actual 43.46M USD, estimate 41.23M USD, surprise +5.41%, Beat. Q2 2026, reported May 5, 2026: actual 41.91M USD, estimate 42.94M USD, surprise -2.39%, Miss. Q3 2026, reported Aug 5, 2026: actual 43.99M USD, estimate 42.18M USD, surprise +4.29%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 42.56M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$14.00

8.44% upside
Past 12 months12-month forecastHigh $15.00Average $14.00Low $13.00

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