Gladstone Commercial Corporatio (GOOD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Gladstone Commercial Corporatio

NasdaqGS•Real Estate•REIT - Diversified

$12.71-0.07(-0.01%)Pre-market

Market Cap

$610.41M

P/E

24.7x

P/S

3.6x

P/B

3.9x

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. Gladstone Commercial Corporation was established on February 14, 2003 and incorporated in Maryland and is based in McLean, Virginia.

How this company scores

WeakMetricSide Score: 31/100

Grade capped at D — Interest coverage below 1× (0.0x) — earnings cannot cover interest. Strongest: Growth (14/25); weakest: Balance Sheet & Red Flags (2/25).

Profitability10/25

Growth14/25

Balance Sheet & Red Flags2/25

Cash & Earnings Quality5/25

Strengths

High ROEConsistent growth

Grade capped at D

Interest coverage below 1× (0.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.7x5y range 23.1x – 429.8x

Currently below its 20-quarter median.

P/S · 3.6x5y range 3.2x – 4.8x

Currently near its 20-quarter median.

P/B · 3.9x5y range 2.9x – 4.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Red Flag

D/E ratio is 5.4 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $610.41M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $170.20M
Q. Revenue: $43.99M
TTM EBITDA: $60.51M
TTM Op. Income: $0
Q. Op. Income: $0
TTM Net Income: $24.75M
Q. Net Income: $8.27M
EPS: $0.11
Shares Out.: $48.41M

$170.20M in TTM revenue grew 10.8% YoY, reaching $43.99M last quarter. TTM EBITDA of $60.51M and TTM operating income of $0 show growth is flowing through to the bottom line. TTM net income of $24.75M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 34.0%
Op. Margin: 0.0%
Net Margin: 18.8%

Op. margin of 0.0% is flat YoY — stable. Net margin at 18.8%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 24.7x
P/S Ratio: 3.6x
P/B Ratio: 3.9x

At 24.7x P/E, the stock trades within typical market levels. P/S of 3.6x and P/B of 3.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.24B
Cash: $10.36M
Long-Term Debt: $852.05M
Book Value: $157.37M
D/E Ratio: 5.4
Debt/EBITDA: 57.0

With $1.24B in assets and $852.05M in long-term debt, D/E is 5.4and book value is $157.37M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $17.56M
TTM Free Cash Flow: $-7.75M
FCF Margin: -4.6%
FCF / Net Income: -0.3

TTM FCF of $-7.75M on $17.56M in operating cash flow. The FCF / Net Income ratio of -0.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.