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Gladstone Commercial Corporation

Fundamental data last updated:September 27, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Diversified

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions. The company has also paid 53 consecutive monthly cash distributions on its Series D Preferred Stock, 12 consecutive monthly cash distributions on its Series E Preferred Stock and three consecutive monthly cash distributions on its Series F Preferred Stock. Gladstone Commercial has never skipped, reduced or deferred a distribution since its inception in 2003.

 


VALUATION

P/E

28.45

Market Cap ($M USD)

$616.22M

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

3.72

PRICE TO BOOK

3.68

EV / EBITDA

22.69

5-Year Average P/E

Free Cash Flow Yield

14.45%

DCF Value

$69.47

Graham Number

$5.90

Price to FCF

6.92

EV to FCF

16.30

Earnings Yield

3.51%

FCF Yield

14.45%

DIVIDEND

Yield

9.43%

Annual Payout

$1.20

Payout Ratio

327.91%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.45

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$173.76M

Return on Equity (ROE)

9.74%

FREE CASH FLOW

Operating Margin

37.64%

Debt-to-Equity

2.51

Piotroski F-Score

5

Altman Z-Score

-0.33

Return on Invested Capital (ROIC)

5.36%

Current Ratio

0.39

Quick Ratio

0.24

Net Debt to EBITDA

13.06

Interest Coverage

1.86

Gross Profit margin

8.26%

FCF PER SHARE

$1.89

REVENUE PER SHARE

$3.51

Gainseekers Quantitative Analysis

Summary

Gladstone Commercial Corporation’s valuation is a paradox. Despite a DCF value suggesting a significant upside, the market has priced it with a Price/Book ratio of 3.71 and a Price/Earnings ratio of 28.70, indicating a premium. The Altman Z-score of -0.32 raises red flags about financial distress, while the Earnings Yield of 3.48% doesn’t justify the risk. The absence of a Forward P/E further clouds growth visibility, suggesting the market may be overly optimistic or missing critical risks.

AI Exposure / Tech Reliance

Operating within the REIT sector, Gladstone Commercial Corporation is not directly exposed to AI or tech disruptions. However, its diversified real estate portfolio could benefit from tech-driven demand in logistics and data centers. The company's resilience will depend on its ability to adapt to these evolving tenant needs.

The Bull Case

For the value-driven investor, Gladstone offers compelling reasons to buy. The ROIC of 5.36% and a robust FCF Yield of 14.32% indicate efficient capital use and cash generation. A Piotroski F-Score of 5 suggests moderate financial health, while an operating margin of 37.64% highlights strong pricing power. These metrics paint a picture of a company capable of delivering consistent returns despite market volatility.

The Bear Case

Yet, the bear case is hard to ignore. The company's Debt/Equity ratio of 2.51 and Net Debt to EBITDA of 13.06 signal a heavy debt burden, raising concerns about financial flexibility. With a payout ratio of 327.91%, the dividend sustainability is questionable. Trading near its 52-week high, the stock appears technically overextended, making it vulnerable to corrections.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$14.00

Institutional Ownership %

1-Year Beta

1.08

Insider Buying % (6 Mo)

Distance to 52-Week High

18.07%

Distance to 52-Week Low

18.85%

EARNINGS SURPRISE %

600.00%

50-DAY SMA

$12.28

200-DAY SMA

$11.91

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.