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Gladstone Commercial Corp (GOOD) stock

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NASDAQ: GOOD Nasdaq Diversified REITs Next results ~November 3, 2026

C Fundamentals grade

Gladstone Commercial Corp is a US-listed company in the diversified REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($4.58) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($4.58) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

Gladstone Commercial Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 0 selling13 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds100 adding, 61 cuttingOf 18 active managers that changed their stake, 7 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Gladstone Commercial files

Where Gladstone Commercial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $170m, up 10.8% on a year earlier, faster than the 9.6% growth a quarter earlier. Free-cash-flow margin fell to 5.6% from 18.2% a year earlier. The diluted share count is up 8.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 4 financial-health checks.

Our model value for Gladstone Commercial is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Gladstone Commercial Corp's trailing-twelve-month revenue grew 10.8% year on year, with a free-cash-flow margin of 5.6%. Where it stands out: revenue growth of 10.8% ranks 3 of 15 diversified reits companies we cover. Where it lags: long-term debt as % of assets of 68.5% ranks 9 of 10 diversified reits companies we cover.

Our discounted-cash-flow model values the business at ~$4.6 per share in the base case (—–$12 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 65.7% while net income fell 13.6%: a 52pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Gladstone Commercial Corp's latest figures clears our strength thresholds.

Things to watch

  • Share dilution. Diluted shares rose 8.2% in a year.
  • High debt. Long-term debt exceeds cash by $0.8bn, more than 1.5 times annual revenue.
  • Weak cash conversion. Free cash flow was 39% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 68.5% ranks 9 of 10 diversified reits companies we cover (median 52.8%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 9.1% over 90 days.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.08 against an average estimate of $0.04: beat by 75.8%
Revenue
$44m, up 11.3% on a year earlier
Share reaction
+2.8% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 3, 2026; average EPS estimate $0.05

Gladstone Commercial's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.3%
  • 1 week-4.1%
  • 1 month-9.8%
  • This year+17.8%
  • 1 year+12.0%
  • 5 years-19.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$170M
Net margin
14.5%
EPS (TTM, diluted)
$0.52

Growth

Revenue growth
+10.8%
Change in growth rate
+1.1 pts
Share count change
+8.2%

Cash

Free cash flow (TTM)
$9.6M
FCF margin
5.6%

Earnings

Last results
August 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Gladstone Commercial Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($4.58) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Gladstone Commercial Corp's free cash flow after stock-based pay ( $49.5M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Gladstone Commercial Corp as an equity reit, with every model that fits that kind of business. Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.7 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$4.6 Left out: far from the other models (more than 3x away from their median)
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$33 ~$28–$40 Included
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.5 ~$13–$26 Left out: out of range vs price (0.05x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$27 ~$22–$32 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gladstone Commercial Corp with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$8.99$10.10$9.31$12.18$11.01$16.90$13.09$10.26$13.67$9.83$11.58
Market value$208m$266m$267m$374m$375m$617m$510m$410m$571m$457m$556m
+ Net debt (− = net cash)$505m$536m$559m$620m$658m$700m$738m$727m$682m$833m$842m
Enterprise value$713m$802m$827m$993m$1.0bn$1.3bn$1.2bn$1.1bn$1.3bn$1.3bn$1.4bn
Multiples
Price / sales 2.4x2.8x2.5x3.3x2.8x4.5x3.4x2.8x3.8x2.8x3.3x
Price / earnings 52.7x44.9x21.7x38.8x25.1x56.5x47.2x82.2x23.8x23.7x22.5x
Price / free cash flow ———————————
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Gladstone Commercial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.1% of total assets over 10 years.

  • Durability 6 / 20

    Net margin has been a median 9.0%; its worst year was 2.9%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 9 years, at a median 5.6% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 36.6% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $43m and EPS of $0.05 (range $0.05 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.25 +79% $171m +6%
Next $0.15 — $176m +3%

Next year's EPS estimate has moved −9.1% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +10.3% on 90 days ago. In the last 30 days, 1 analyst raised Gladstone Commercial Corp's forecast and 1 cut it.

Consensus EPS forecast Gladstone Commercial Corp, last 90 days
$0.10 $0.15 $0.20 $0.25 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.23 Current fiscal year, 60 days ago: $0.23 Current fiscal year, 30 days ago: $0.23 Current fiscal year, 7 days ago: $0.23 Current fiscal year, Now: $0.25 $0.25 Next fiscal year, 90 days ago: $0.17 Next fiscal year, 60 days ago: $0.17 Next fiscal year, 30 days ago: $0.17 Next fiscal year, 7 days ago: $0.17 Next fiscal year, Now: $0.15 $0.15

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.23$0.17
60 days ago $0.23$0.17
30 days ago $0.23$0.17
7 days ago $0.23$0.17
Now $0.25$0.15

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.04 $0.08 +75.8%
Mar 2026 $0.07 $0.05 −21.9%
Dec 2025 $0.02 $0.05 +161.0%
Sept 2025 $0.04 $0.04 −9.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026

No numeric guidance in Gladstone Commercial Corp's latest earnings release (filed August 5, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Gladstone Commercial Corp's revenue by +4.3% next year and +6.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.9%, weight 56%) and the company's own record (+7.3%, weight 44%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 20261214

Counts of recommendations published by analysts covering Gladstone Commercial Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.3%
of tradable shares
Days to cover
9.35
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
58%
of shares
Held by insiders
1.3%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +12.0%

$10.34 on October 31, 2025 to $11.58

ThenNowEffect
Revenue (last 12 months) $154m $170m +10.8%
Net margin 18.6% 14.5% −22.0%
P/E multiple 16.0x 22.5x +40.2%
Share count 44m 48m −7.6%

Biggest factor: p/e multiple.

Last 3 years +19.9%

$9.66 on November 3, 2023 to $11.58

ThenNowEffect
Revenue (last 12 months) $152m $170m +11.8%
Net margin 2.9% 14.5% +404.3%
P/E multiple 87.5x 22.5x −74.3%
Share count 40m 48m −17.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GOOD+54%−23%−22%+33%−28%+18%
Industry peers (median)+30%−30%+5%−3%−4%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GOOD75%33%33%50%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GOOD−8%−38%−43%−10%−31%−13%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from November 1, 2019 to March 18, 2020. Getting back needed a 196% gain, reached on April 26, 2021, 404 days after the low.

Price behaviour

52-week range
$9.56 – $12.97
From 52-week high
−10.7%
vs 50-day average
−6.9%
vs 200-day average
−2.9%
Volatility (1 year)
24%
Beta vs S&P 500
0.20

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.7%
After a week
7 up, 5 down
typical move ±4.0%
After a month
9 up, 3 down
typical move ±5.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +2.8% −0.4% +3.6% +4.5%
May 5, 2026 −3.1% +2.2% −2.4% −0.5%
February 18, 2026 +3.4% +0.2% +7.4% +3.5%
November 3, 2025 −6.4% −1.0% −3.9% −4.1%
August 6, 2025 −1.5% +0.7% +1.1% +0.7%
May 7, 2025 −2.1% +1.1% 0.0% +3.4%
February 18, 2025 −0.3% +0.5% +0.4% −6.9%
November 4, 2024 +9.4% +1.0% +10.7% +12.7%
August 6, 2024 +3.7% +0.2% +4.1% +9.2%
May 6, 2024 +6.2% +1.1% +7.4% +7.7%
February 21, 2024 +1.0% +2.2% −2.1% +10.5%
November 6, 2023 −4.3% +0.5% −5.4% +6.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Gladstone Commercial Corp
$140M $150M $160M $170M $180M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $148.9M Revenue (TTM), FY23 Q4: $147.6M Revenue (TTM), FY24 Q1: $146.8M Revenue (TTM), FY24 Q2: $145.2M Revenue (TTM), FY24 Q3: $147.9M Revenue (TTM), FY24 Q4: $149.4M Revenue (TTM), FY25 Q1: $151.2M Revenue (TTM), FY25 Q2: $153.6M Revenue (TTM), FY25 Q3: $155.3M Revenue (TTM), FY25 Q4: $161.3M Revenue (TTM), FY26 Q1: $165.7M Revenue (TTM), FY26 Q2: $170.2M $170.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $148.9M
FY23 Q4 $147.6M
FY24 Q1 $146.8M
FY24 Q2 $145.2M
FY24 Q3 $147.9M
FY24 Q4 $149.4M
FY25 Q1 $151.2M
FY25 Q2 $153.6M
FY25 Q3 $155.3M
FY25 Q4 $161.3M
FY26 Q1 $165.7M
FY26 Q2 $170.2M
Revenue growth, TTM YoY Gladstone Commercial Corp
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 1.2% Revenue growth, TTM YoY, FY23 Q4: -0.9% Revenue growth, TTM YoY, FY24 Q1: -2.2% Revenue growth, TTM YoY, FY24 Q2: -4.7% Revenue growth, TTM YoY, FY24 Q3: -0.7% Revenue growth, TTM YoY, FY24 Q4: 1.2% Revenue growth, TTM YoY, FY25 Q1: 3.0% Revenue growth, TTM YoY, FY25 Q2: 5.9% Revenue growth, TTM YoY, FY25 Q3: 5.0% Revenue growth, TTM YoY, FY25 Q4: 8.0% Revenue growth, TTM YoY, FY26 Q1: 9.6% Revenue growth, TTM YoY, FY26 Q2: 10.8% 10.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 1.2%
FY23 Q4 -0.9%
FY24 Q1 -2.2%
FY24 Q2 -4.7%
FY24 Q3 -0.7%
FY24 Q4 1.2%
FY25 Q1 3.0%
FY25 Q2 5.9%
FY25 Q3 5.0%
FY25 Q4 8.0%
FY26 Q1 9.6%
FY26 Q2 10.8%
FCF margin (TTM) Gladstone Commercial Corp
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 1.2% FCF margin (TTM), FY23 Q4: 1.7% FCF margin (TTM), FY24 Q1: 2.7% FCF margin (TTM), FY24 Q2: 1.9% FCF margin (TTM), FY24 Q3: -7.0% FCF margin (TTM), FY24 Q4: 0.8% FCF margin (TTM), FY25 Q1: 2.6% FCF margin (TTM), FY25 Q2: 18.2% FCF margin (TTM), FY25 Q3: 25.3% FCF margin (TTM), FY25 Q4: 18.5% FCF margin (TTM), FY26 Q1: 17.2% FCF margin (TTM), FY26 Q2: 5.6% 5.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 1.2%
FY23 Q4 1.7%
FY24 Q1 2.7%
FY24 Q2 1.9%
FY24 Q3 -7.0%
FY24 Q4 0.8%
FY25 Q1 2.6%
FY25 Q2 18.2%
FY25 Q3 25.3%
FY25 Q4 18.5%
FY26 Q1 17.2%
FY26 Q2 5.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 86 95 107 114 133 138 149 148 149 161 170
Net income 4 6 12 10 15 11 11 5 24 19 25
Diluted EPS −$0.16 −$0.19 $0.03 −$0.16 $0.09 −$0.09 −$0.04 −$0.19 $0.27 $0.14 $0.52
Growth (year on year)
Revenue — +9.8% +12.7% +7.1% +16.4% +3.4% +8.2% −0.9% +1.2% +8.0% +10.8%
Net income — +50.0% +107.5% −21.9% +55.2% −26.8% −1.2% −53.9% +381.4% −19.6% −13.6%
Diluted EPS — — — −633.3% — −200.0% — — — −48.1% −20.1%
Margins
Net margin 4.6% 6.3% 11.5% 8.4% 11.2% 7.9% 7.3% 3.4% 16.1% 12.0% 14.5%
Cash flow
Cash from operations 41 47 56 60 65 70 69 60 57 88 70
Balance sheet
Cash 5 7 7 7 11 8 12 12 11 11 10
Total debt 509 543 566 627 669 708 749 739 693 843 852
Net debt (negative = net cash) 505 536 559 620 658 700 738 727 682 833 842
Diluted shares 23m 26m 29m 31m 34m 37m 39m 40m 42m 47m 48m
Returned to shareholders
Dividends 42 50 55 59 64 68 71 61 63 68 70
Buybacks 0 0 0 0 0 — 0 1 0 0 —
Total returned 43 50 55 59 64 68 71 62 63 68 70

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 4 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $10m of cash against $852m of debt.
  • Debt below 40% of shareholders' equity Debt is 541% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 352% to 541% over five years.
  • A year's operating cash flow covers at least 20% of debt $70m of operating cash flow against $852m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Gladstone Commercial Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$69.9M
Buybacks, last 3 fiscal years
$998,000
Diluted share count
+8.2%
year over year
Total shareholder yield
12.5%
dividends 12.5% + buybacks 0.0% of market value
Dividend payout ratio
283%
of net income paid out

Competitors: side by side with peers

Closest by revenue in diversified reits
Last 12 months unless stated GOOD CTO XRN ALX CMCT NXDT Median
Revenue, last 12 months $170m $170m $153m $233m $114m $78m $170m
Revenue growth, last 12 months 10.8% 15.9% 8.0% 8.2% −3.6% −20.5% 2.5%
Revenue growth, 3-year average 3.8% 18.7% 2.1% 2.8% 0.4% −2.4% 2.4%
Revenue growth, latest quarter 11.3% 24.3% 4.7% 34.9% −0.0% −8.1% 4.7%
Operating margin — 37.5% — 43.2% — −1.6% 31.3%
Operating margin, 3-year average — 21.9% — — — 4.4% 21.6%
Net margin 14.5% 26.1% 32.0% 81.9% −37.0% −94.2% 0.2%
Cash from operations / revenue 41.2% 38.5% 49.0% 22.8% −13.6% −4.0% 38.5%
Free-cash-flow margin 5.6% 0.5% 19.7% 7.4% −13.6% −24.9% 5.6%
Free-cash-flow margin, 3-year average 8.6% 1.2% 20.1% 13.8% 0.5% −23.8% 1.2%
Stock pay / revenue — 2.7% 3.4% — 0.2% 6.0% 3.4%
Change in share count 8.2% 10.6% 0.5% 0.1% −0.9% 20.8% 0.5%

Median of all 15 companies we cover in diversified reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 diversified reits companies
Measure Company Peer median Rank
Revenue growth Growth 10.8% 2.5% 3 of 15
Change in growth rate Growth +1.1pp +1.0pp 7 of 15
Net margin Profitability 14.5% 0.2% 7 of 15
Long-term debt as % of assets Balance sheet 68.5% 52.8% 9 of 10
Change in share count Balance sheet 8.2% 1.5% 10 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$326M
Institutions reporting
202
Shares held vs prior quarter
▲ 7.0%
Positions opened / closed
18 / 17

Top buyers and sellers, Q2 2026: 100 institutions bought and 61 sold ; the biggest buyer was Mirae Asset Global Etfs Holdings Ltd (+1.6M shares) and the biggest seller Qube Research & Technologies Ltd (−562K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $55.1M 4.5M 16.9% ▲ 3.3%
Vanguard Portfolio Management LLC $31.8M 2.6M 9.8% ▲ 2.0%
Vanguard Capital Management LLC $26.3M 2.1M 8.1% ▲ 3.1%
State Street Corp $20.7M 1.7M 6.4% ▲ 10.8%
Mirae Asset Global Etfs Holdings Ltd. $20.5M 1.7M 6.3% ▲ 7247.5%
Geode Capital Management, LLC $17.8M 1.4M 5.5% ▲ 5.6%
Invesco Ltd. $14.5M 1.2M 4.5% ▲ 16.7%
Renaissance Technologies LLC $13.2M 1.1M 4.0% ▼ 8.4%
Charles Schwab Investment Management Inc $9.7M 793K 3.0% ▲ 7.4%
AQR Capital Management LLC $8.8M 714K 2.7% ▲ 59.6%
Dimensional Fund Advisors LP $8.2M 667K 2.5% ▲ 1.5%
Northern Trust Corp $6.3M 515K 1.9% ▲ 14.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gladstone Commercial Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $179,558 13 trades by 3 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $179,558 net buying
Insider Date Trade Shares Price Value
Carter Ryan Stuart Executive Vice President September 1, 2026 Buy pre-set plan 100 $13.02 $1,302
Carter Ryan Stuart Executive Vice President August 3, 2026 Buy pre-set plan 100 $12.58 $1,258
Carter Ryan Stuart Executive Vice President July 1, 2026 Buy pre-set plan 100 $12.26 $1,226
Carter Ryan Stuart Executive Vice President June 1, 2026 Buy pre-set plan 100 $12.51 $1,251
Carter Ryan Stuart Executive Vice President May 1, 2026 Buy pre-set plan 100 $12.66 $1,266
Carter Ryan Stuart Executive Vice President April 1, 2026 Buy pre-set plan 100 $11.48 $1,148
Gerson Gary Chief Financial Officer February 25, 2026 Buy 275 $12.47 $3,429
Gerson Gary Chief Financial Officer November 13, 2025 Buy 100 $11.31 $1,131
Gerson Gary Chief Financial Officer November 11, 2025 Buy 200 $11.05 $2,210
Gerson Gary Chief Financial Officer November 11, 2025 Buy 7,600 $11.05 $83,980
Gerson Gary Chief Financial Officer November 11, 2025 Buy 100 $11.05 $1,105
Cooper Arthur S. President November 7, 2025 Buy 7,002 $10.70 $74,921

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 5, 2026
  • February 18, 2026
  • November 3, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Gladstone Commercial Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gladstone Commercial Corp in brief

What does Gladstone Commercial Corp do?
Gladstone Commercial Corp is a US-listed company in the diversified REITs industry. Its financial year ends in December.
What is Gladstone Commercial Corp's stock ticker?
Gladstone Commercial Corp trades under the ticker GOOD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Gladstone Commercial Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Gladstone Commercial Corp reported revenue of $170M, 10.8% higher than a year earlier, according to its SEC filings.
What is Gladstone Commercial Corp's free cash flow?
Gladstone Commercial Corp's free-cash-flow margin is 5.6% of revenue over the trailing twelve months.
Who are Gladstone Commercial Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Gladstone Commercial Corp's market cap?
On November 2, 2026, Gladstone Commercial Corp's market capitalisation was about $556M, with a price-to-earnings ratio of 22.5 and net debt of $842M. Market figures come from third-party market data and may be delayed.
Does Gladstone Commercial Corp pay a dividend?
Yes: Gladstone Commercial Corp paid $69.9M in dividends over the trailing twelve months, a dividend yield of 12.47% and a payout ratio of 282.5%.
How much debt does Gladstone Commercial Corp have?
Gladstone Commercial Corp's debt-to-equity ratio is 541.4%, from its latest balance sheet (352.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Gladstone Commercial Corp's competitors?
In our Diversified REITs peer group, the companies closest to Gladstone Commercial Corp are CTO Realty Growth, Inc., Chiron Real Estate Inc., Alexanders Inc, Creative Media & Community Trust Corp and Nexpoint Diversified Real Estate Trust. The side-by-side comparison below sets their revenue, margins and growth against Gladstone Commercial Corp's.
Are insiders buying or selling Gladstone Commercial Corp stock?
Over the last 12 months, Gladstone Commercial Corp's directors and officers reported 13 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Gladstone Commercial Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gladstone Commercial Corp announces its own schedule.