Gladstone Commercial Corp
Research Gladstone Commercial Corp (GOOD) on Bullrun: valuation model: 36.1% overvalued, market cap USD 639.45M, P/E 52.4, dividend yield 9.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerGOOD
- ExchangeNASDAQ
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Diversified
- CurrencyUSD
- Valuation signal36.1% overvalued
- Market capUSD 639.45M
- P/E52.4
- Dividend yield9.2%
- Financial periodQ2 2026
- RevenueUSD 43.99M
- Net incomeUSD 8.27M
- Free cash flowUSD 17.56M
- Gross margin79.8%
Valuation Snapshot
Bullrun's latest valuation model marks Gladstone Commercial Corp as 36.1% overvalued; latest market cap is USD 639.45M; P/E is 52.4; dividend yield is 9.2%.
Peer valuation comparison
Latest P/E is 52.4x versus a Real Estate sector median of 14.84x (253.2% above).
Latest dividend yield is 9.24% versus a Real Estate sector median of 4.71% (96.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 161.34M | USD 19.29M | USD 88.15M | 78.1% | 0.14 | USD 10.81M | USD 843.47M | USD 171.77M |
| FY2024 | USD 149.39M | USD 24.00M | USD 56.95M | 78.9% | 0.27 | USD 10.96M | USD 693.39M | USD 171.17M |
| FY2023 | USD 147.58M | USD 4.99M | n/a | n/a | -0.19 | USD 11.99M | USD 738.86M | USD 153.28M |
| FY2022 | USD 148.98M | USD 10.81M | n/a | n/a | -0.04 | USD 11.65M | USD 749.21M | USD 203.90M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 639.45M | 52.4 | 9.1% | 1.2 |
| 2025 | 2025-12-31 | USD 516.50M | 76.2 | 11.2% | 1.2 |
| 2024 | 2024-12-31 | USD 714.33M | 65.0 | 7.4% | 1.2 |
| 2023 | 2023-12-29 | USD 528.92M | n/a | 9.1% | 1.2 |
| 2022 | 2022-12-30 | USD 732.73M | n/a | 8.4% | 1.56 |
| 2021 | 2021-12-31 | USD 965.69M | n/a | 6.1% | 1.56 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.2 USD, yield 9.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.2 USD |
| FY2024 | 1.2 USD |
| FY2023 | 1.2 USD |
| FY2022 | 1.5 USD |
About Gladstone Commercial Corp
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.
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Frequently asked questions
Is Gladstone Commercial Corp overvalued or undervalued?
Bullrun's valuation model currently marks Gladstone Commercial Corp as 36.1% overvalued.
What is Gladstone Commercial Corp's market cap?
Gladstone Commercial Corp's market capitalization is USD 639.45M.
What is Gladstone Commercial Corp's P/E ratio?
Gladstone Commercial Corp's price-to-earnings (P/E) ratio is 52.4.
Does Gladstone Commercial Corp pay a dividend?
Gladstone Commercial Corp has a dividend yield of 9.2%.
What does Gladstone Commercial Corp do?
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.