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← CockpitCompetitor Analysis › GOOD Gladstone Commercial CorporationOpen in the cockpit ↗

Gladstone Commercial CorporationGOODCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum weak 20
Mkt cap
$497M
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$7.14M
20-day average traded
P/B
3.36×
price to book
ROE
5.4%
delivered
Implied ROE
27.5%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · USD$10.15
1D-2.9%
1W-11.2%
1M-20.1%
3M-20.5%
6M-20.9%
YTD-4.9%
1Y-6.6%
ATR %3.6%
Beta0.18
52w lowhigh23.6% off high

What Gladstone Commercial does

Employees: 75

Gladstone Commercial at a glance

Size Gladstone Commercial (GOOD) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $497M, the 2704th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.15 on 6 Nov 2026.

Performance Over six months the shares fell 20.9%, against -12.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 10.7% over the last twelve months (peer median +6.5%); the operating margin is 39.3% (peer median 46.5%).

Valuation It trades at 3.36× book value against a peer median of 0.70× (most expensive of 21).

Price implies The share price implies a return on equity of about 27.5%; Gladstone Commercial delivers 5.4%, so the price asks more than the business earns today.

Credit Gladstone Commercial has 1 bond outstanding ($0).

Short interest Short interest is 9.1% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 87GOOD 81
Six months, rebased to 100: Gladstone Commercial against the median of its 20 peers (local-currency closes).

Gladstone Commercial financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$172M$161M$149M$148M$149M
Revenue growth—+8%+1%-1%—
Gross profit$75.4M$67.8M$62.1M$57.5M$55.7M
EBITDA$128M$118M$109M$109M$105M
Net income$18.2M$18.9M$23.6M$4.55M$10.3M
Free cash flow$62.5M$67.2M$44.2M$53.7M$62.4M
Capital expenditure$9.66M$21.0M$12.8M$6.67M$6.82M
Total debt$865M$850M$697M$744M$755M

Quarterly statements and history in the cockpit →

Gladstone Commercial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%293940APR-UN180305TRTXYTST3655500435ADAMHPPDXINRRFBRTRFF89773492OLP3487ABGAP-UN180203GOOD6-month return →1-month return →
Up and to the right = strong over both horizons. Gladstone Commercial is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%10×20×30×293940APR-UN180305TRTXYTST3655500435ADAMHPPDXIFBRTRFF8977OLPABGAP-UN180203GOODReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Gladstone Commercial is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%-40%-20%0%20%293940APR-UN180305ADAMHPPDXIRFFAP-UNGOODROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Gladstone Commercial is the large dot.

Gladstone Commercial competitors and peer comparison

How Gladstone Commercial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Gladstone Commercial against its 20 peers (data as of 6 Nov 2026)
MeasureGOODPeer medianRank in peer set
1-month return-20.1%-0.2%4th lowest of 21
6-month return-20.9%-12.9%8th lowest of 21
Return on equity5.4%3.6%8th highest of 21
Price / book3.36×0.70×most expensive of 21
Trailing P/E82.1×16.4×2nd most expensive of 14
ROE the price implies27.5%5.2%most demanding of 21
ROE delivered5.4%3.1%7th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a1%1.01×5.1%1.2%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%10%0.42×4.1%9.5%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
Sunlight Real Estate Investment Trust 0435.HKHong Kong$481M-10%-5%-2%0.31×4.3%-1.8%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
Hudson Pacific Properties HPPUnited States$471M-22%+3%-18%0.19×5.3%-17.8%
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%7%0.71×9.3%6.9%
NewRiver REIT NRR.LUnited Kingdom$470M+6%+45%7%0.75×8.8%6.7%
Franklin BSP Realty Trust FBRTUnited States$469M-32%-1%1%0.43×6.3%1.1%
Rural Funds RFF.AXAustralia$532M-1%+7%11%0.68×8.4%10.6%
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%5%0.97×4.3%5.3%
MIRARTH Real Estate Investment 3492.TJapan$461M-18%+35%5%0.73×3.7%5.5%
One Liberty Properties OLPUnited States$461M-10%+11%8%1.47×12.5%n/a
CRE Logistics REIT 3487.TJapan$460M-23%+23%5%0.89×4.2%5.4%
Abacus ABG.AXAustralia$539M-13%-5%-5%0.55×7.0%-5.0%
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%-43%0.21×4.3%-43.5%
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%2%1.21×3.8%2.4%

Gladstone Commercial bonds and credit

Gladstone Commercial has 1 bond outstanding with $0 face value.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Gladstone Commercial's closest peers?
The cockpit's peer set: Shinhan Alpha REIT (293940.KS), Automotive Properties Real Estate Investment Trust (APR-UN.TO), China Southern SF Express Closed Infrastructure REIT (180305.SZ), TPG RE Finance Trust (TRTX), Testa Residencial Socimi (YTST.MC), ESR Kendall Square REIT (365550.KS), Sunlight Real Estate Investment Trust (0435.HK), Adamas Trust (ADAM).
Is Gladstone Commercial expensive compared with its peers?
On price / book it trades at 3.36× against a peer median of 0.70×, most expensive of 21 in its peer set. The share price implies a return on equity of about 27.5%; Gladstone Commercial delivers 5.4%, so the price asks more than the business earns today.
How has Gladstone Commercial stock performed?
Over six months to 6 Nov 2026 the shares returned -20.9% against -12.9% for the median peer; over one year -6.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.