Gladstone Commercial Corporation, Inc. | REIT Profile

Symbol: GOOD
CIK: 1234006
Exchange: NASDAQ
Founded: 2003 (19 years)
HQ: McLean, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Industrial, Office, Health Care, Retail

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Overall Score: 6.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 14, 2022


Open Price: $24.75
Closing Price: $24.68
Price Change: -0.22 (-0.884%)
Lowest Price: $24.6
Highest Price: $24.87

52-Week Low: $16.50
52-Week High: $26.13
52-Week Change: 46.24%

5 Day Price Change: -0.52%
1 Month Price Change: 7.46%
3 Month Price Change: 17.33%
6 Month Price Change: 14.54%
YTD Price Change: -3.38%
1 Year Price Change: 46.81%
2 Year Price Change: 29.93%
5 Year Price Change: 79.30%

Dividend of Trading Day January 14, 2022


Dividend Yield: 6.091%*
Annualized Dividend: $1.5034*
Dividend Yield (TTM): 5.855%
Annualized Dividend (TTM): $1.4578
Ex-Dividend Date: 2021-12-22
Next Ex-Dividend: 2022-01-20
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Gladstone Commercial Corporation, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: N/A
Current Debt: $685,240,000
Revenue: $135,248,000
Gross Profit: $135,248,000
Total Revenue: $135,248,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $92,986,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 2.98
Profit Margin: 0.01%
Enterprise Value (EV): $927,983,558
Enterprise Value to Revenue (EV/R): 6.86
Price to Sales (P/S): 6.86
Price to Book (P/B): 2.50
Price/Earnings-to-Growth (PEG) Ratio: 6.49
P/E Ratio: 709.20
P/E High: -50.36
P/E Low: -68.01
Forward P/E Ratio: -2,490.00
Market Capitalization: $919,784,507
Beta: 0.56
Latest Volume: 151,551
Avg. Total Volume: 218,197
Avg. 10-Day Volume: 169,560
Avg. 30-Day Volume: 218,197
TTM EPS: 0.03
Shares Outstanding: 37,268,416
Float: N/A
50-Day Moving Avg.: $23.93
200-Day Moving Avg.: $22.36

Latest REIT Community Comments on #GOOD


See more community comments related to GOOD

Properties Owned by GOOD


Properties Based on REIT's Official Presentation

Properties Types States Countries
106 4 24 1

Please visit REIT’s official webpage for the most up-to-date property list.

GOOD Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $22.25 per share you would have been able to buy 44 shares of GOOD on 2021-01-16 costing $979.00 @ $22.25 per share you would have been able to buy 22 shares of GOOD on 2021-01-16 costing $489.50 @ $22.25 per share you would have been able to buy 11 shares of GOOD on 2021-01-16 costing $244.75 @ $22.25 per share you would have been able to buy 4 shares of GOOD on 2021-01-16 costing $89.00 @ $22.25 per share you would have been able to buy 2 shares of GOOD on 2021-01-16 costing $44.50
Current worth On 2022-01-14 these 44 shares would be worth $1,085.92 @ $24.68 On 2022-01-14 these 22 shares would be worth $542.96 @ $24.68 On 2022-01-14 these 11 shares would be worth $271.48 @ $24.68 On 2022-01-14 these 4 shares would be worth $98.72 @ $24.68 On 2022-01-14 these 2 shares would be worth $49.36 @ $24.68
Dividends earned $66.10 in dividends would have been earned since 2021-01-16 with 44 shares. $33 in dividends would have been earned since 2021-01-16 with 22 shares. $16.52 in dividends would have been earned since 2021-01-16 with 11 shares. $6.01 in dividends would have been earned since 2021-01-16 with 4 shares. $3.00 in dividends would have been earned since 2021-01-16 with 22 shares.
Net (gain / loss)* 173.02 USD 86.51 USD 43.25 USD 15.73 USD 7.86 USD
ROI** 17.67% 17.67% 17.67% 17.67% 17.67%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by GOOD. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
GOOD 2021-12-22 0.125 --- 2021-10-12 2021-12-23 2021-12-31
GOOD 2021-11-18 0.125 --- 2021-10-12 2021-11-19 2021-11-30
GOOD 2021-10-21 0.125 0.10% 2021-10-12 2021-10-22 2021-10-29
GOOD 2021-09-21 0.125 --- 2021-07-13 2021-09-22 2021-09-30
GOOD 2021-08-20 0.125 --- 2021-07-13 2021-08-23 2021-08-31
GOOD 2021-07-22 0.125 --- 2021-07-13 2021-07-23 2021-07-30
GOOD 2021-06-17 0.125 --- 2021-04-13 2021-06-18 2021-06-30
GOOD 2021-05-18 0.125 --- 2021-04-13 2021-05-19 2021-05-28
GOOD 2021-04-22 0.125 --- 2021-04-13 2021-04-23 2021-04-30
GOOD 2021-03-17 0.125 --- 2021-01-12 2021-03-18 2021-03-31
GOOD 2021-02-16 0.125 --- 2021-01-12 2021-02-17 2021-02-26
GOOD 2021-01-21 0.125 --- 2021-01-12 2021-01-22 2021-01-29
GOOD 2020-12-22 0.125 --- 2020-10-13 2020-12-23 2020-12-31
GOOD 2020-11-19 0.125 --- 2020-10-13 2020-11-20 2020-11-30
GOOD 2020-10-22 0.125 --- 2020-10-13 2020-10-23 2020-10-30
GOOD 2020-09-22 0.125 --- 2020-07-14 2020-09-23 2020-09-30
GOOD 2020-08-21 0.125 --- 2020-07-14 2020-08-24 2020-08-31
GOOD 2020-07-23 0.125 --- 2020-07-14 2020-07-24 2020-07-31
GOOD 2020-06-18 0.125 --- 2020-04-14 2020-06-19 2020-06-30
GOOD 2020-05-18 0.125 --- 2020-04-14 2020-05-19 2020-05-29

Financial Statements Overview


The next Earnings Report for GOOD is 2022-02-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 11,016,000
Receivables 38,203,000 37,713,000 36,823,000 36,555,000
Inventory 0 0 0 0
Current Assets 48,433,000 52,345,000 46,694,000 52,631,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,056,361,000 1,036,879,000 1,041,649,000 1,045,277,000
Property, Plant & Equipment Net 915,498,000 902,505,000 903,609,000 900,215,000
Goodwill 0 0 0 0
Intangible Assets 111,782,000 111,084,000 114,057,000 117,379,000
Other Assets 5,784,000 4,942,000 5,785,000 4,458,000
Net Tangible Assets 88,477,000 92,302,000 97,689,000 95,804,000
Total Assets 1,104,794,000 1,089,224,000 1,088,343,000 1,097,908,000
Accounts Payable 0 0 0 0
Liabilities (Other) 42,164,000 37,513,000 38,432,000 40,787,000
Current Liabilities (Other) 11,188,000 11,046,000 8,673,000 7,419,000
Total Current Liabilities 685,240,000 671,105,000 671,816,000 7,419,000
Current Long-term Debt 674,052,000 660,059,000 663,143,000 0
Long-term Debt 0 0 0 668,692,000
Total Liabilities 734,271,000 715,560,000 717,310,000 725,439,000
Minority Interest 1,283,000 1,338,000 1,416,000 2,854,000
Common Stock 36,768,779 36,394,767 35,714,107 34,510,421
Retained Earnings -454,494,000 -442,122,000 -425,422,000 -409,041,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 370,523,000 373,664,000 371,033,000 372,469,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 34,334,000 33,371,000 34,677,000 32,866,000
Cost of Revenue 0 0 0 0
Gross Profit 34,334,000 33,371,000 34,677,000 32,866,000
Research and Development 0 0 0 0
Selling General and Admin 1,193,000 1,411,000 953,000 1,258,000
Operating Expense 32,186,000 31,489,000 34,068,000 3,528,000
Operating Income 2,148,000 1,882,000 609,000 29,338,000
Income Expense Net (Other) 0 0 0 0
EBIT 2,148,000 1,882,000 609,000 29,338,000
Interest Income 0 0 0 26,803,000
Pretax Income 4,498,000 2,121,000 38,000 8,918,000
Income Tax 0 0 0 0
Minority Interest 21,000 -21,000 -41,000 86,000
Net Income 1,439,000 -3,032,000 -2,955,000 5,795,000
Net Income Basic 1,439,000 -3,032,000 -2,955,000 5,795,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 1,439,000 -3,032,000 -2,955,000 5,795,000
Depreciation 14,768,000 14,204,000 16,710,000 55,424,000
Changes in Receivables 38,203,000 37,713,000 36,823,000 36,555,000
Changes in Inventories 0 0 0 0
Cash Change 10,230,000 14,632,000 9,871,000 11,016,000
Cash Flow 19,294,000 17,520,000 16,879,000 13,110,000
Capital Expenditures -26,838,000 -8,195,000 -10,846,000 -6,360,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -28,829,000 -10,601,000 -6,526,000 -27,250,000
Dividends Paid 0 0 0 0
Net Borrowings 674,052,000 660,059,000 663,143,000 657,676,000
Cash Flow Financing -22,720,000 2,285,000 11,824,000 14,954,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Gladstone Commercial Corporation, Inc.


Gladstone Commercial Corporation (common stock listed on NASDAQ: GOOD) is a real estate investment trust, that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
4 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
0 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
8 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.6 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-16 - v2.8