Gladstone Commercial Corporation (GOOD) Stock

Gladstone Commercial Corporation (GOOD) is a Real Estate stock trading at $13.18 (as of 2026-08-24), with a market capitalization of $638.01M and a trailing P/E of 25.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Gladstone Commercial Corporation is a real estate investment trust that acquires, owns, and operates net leased industrial and office properties across the United States. The company reports a history of monthly cash distributions on its common stock and preferred stock series.

Understand Gladstone Commercial Corporation: how it makes money

Gladstone Commercial is a real estate investment trust that acquires, owns, and operates net leased industrial and office properties across the United States, and it makes money primarily through operating revenue generated by those properties.

For a net lease REIT like Gladstone Commercial, the core profit engine is the durability of operating cash flow from its owned industrial and office properties, since that operating revenue is what supports distributions to common and preferred shareholders.

Revenue by segment (latest quarter)
Operating Rev$0.0B

Business quality (Mixed): Limited company-specific operating detail was provided, with only one segment datapoint (Operating Revenues) available for the latest quarter (2026-03-31).

Valuation: At 67× earnings, GOOD trades 95% above the Real Estate average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Long distribution track record: Including payments through September 2020, Gladstone Commercial paid 189 consecutive monthly cash distributions on its common stock, and it has also paid multiple consecutive monthly cash distributions on its Series D and Series E Preferred Stock.
  • Net leased property focus supports steady cash generation: The company focuses on acquiring, owning, and operating net leased industrial and office properties across the United States, which ties cash flow to property-level operating performance.

Bear case

  • Ongoing dependence on property and tenant performance: Because Gladstone Commercial earns operating revenue from its net leased industrial and office properties, weaker property level results or tenant payment stress can pressure operating revenue and the ability to sustain distributions.
  • Distribution history may not guarantee future results: The distribution streak information provided is described through September 2020, so it may not reflect how operating conditions evolve after that period.
Valuation — source: SEC EDGAR (first-party)
Price$13.18
Market Cap$638.01M
P/E Ratio25.8
Price / Book4.05
Price / Sales3.75
DCF Value (model)$24.97
DCF Upside vs Price89.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$161.34M
Net Margin12.0%
Revenue Growth (YoY)11.3%
EPS Growth (YoY)266.7%
Valuation vs Sector & Industry
Stock P/E25.8
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
vs Sector-5.5%
vs Industry-12.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($51.46M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEODavid John Gladstone
Employees69
CountryUS
IPO Date2003-08-14

Related Companies (Real Estate; 8 comparable real estate companies)

  • Star Holdings (STHO)
  • Angel Oak Mortgage, Inc. (AOMR)
  • Curbline Properties Corp. (CURB)
  • Claros Mortgage Trust, Inc. (CMTG)
  • Getty Realty Corp. (GTY)
  • Boston Omaha Corporation (BOC)
  • Five Point Holdings, LLC (FPH)
  • Innovative Industrial Properties, Inc. (IIPR)
GOOD earnings history · GOOD institutional & insider holders · GOOD KPIs & operating metrics · GOOD financials · GOOD investor presentations & press releases · GOOD SEC filings · GOOD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.