GLADSTONE COMMERCIAL CORP
GOODAnalytical Summary
GLADSTONE COMMERCIAL CORP faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.
18-Year Financial Trajectory
AnnualBullish Indicators
- No bullish signals detected.
Bearish Risks
- Debt to EquityDebt to Equity is concerning (bottom quartile)
Health Breakdown
Dividend History
Dividend / share · sourced from SEC filingsNo quarterly dividend data reported to the SEC.
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth YoY (%) |
8.0%
Fair
↑
Fair
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+60%)
|
1.2%
Caution
↓
Caution
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-76%)
|
-0.9%
Weak
↓
Weak
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-119%)
|
8.2%
Fair
↓
Fair
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+64%)
|
3.4%
Caution
↓
Caution
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-32%)
|
16.4%
Good
↑
Good
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+228%)
|
7.1%
Fair
Fair
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+42%)
|
12.7%
Good
Good
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+153%)
|
— | — | — | — | — | — | — | — | — | — |
| EPS Growth YoY (%) |
-48.1%
Weak
↑
Weak
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M |
-375.0%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
66.7%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M | N/M | N/M | N/M |
-18.8%
Weak
↑
Weak
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
-128.6%
Weak
↑
Weak
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
88.5%
Excellent
↑
Excellent
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
-177.3%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
-450.0%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M | — | — | — | — |
| Net Income Growth YoY (%) |
-19.6%
Weak
↓
Weak
Declining
Year-over-year change in net income |
381.4%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
-53.9%
Weak
↓
Weak
Declining
Year-over-year change in net income |
10.6%
Fair
↑
Fair
Improving
Year-over-year change in net income |
-34.6%
Weak
↓
Weak
Declining
Year-over-year change in net income |
55.2%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
-21.9%
Weak
↓
Weak
Declining
Year-over-year change in net income |
107.5%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
50.0%
Excellent
Excellent
Year-over-year change in net income |
10.1%
Fair
Fair
Year-over-year change in net income |
N/M | N/M |
-59.4%
Weak
↓
Weak
Declining
Year-over-year change in net income |
-34.2%
Weak
↓
Weak
Declining
Year-over-year change in net income |
15.9%
Good
Good
Year-over-year change in net income |
7.1%
Fair
Fair
Year-over-year change in net income |
— | — |
| FCF Growth YoY (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Revenue CAGR 3Y (%) |
2.7%
Caution
↓
Caution
Declining
Compound annual revenue growth over 3 years |
2.8%
Caution
↓
Caution
Declining
Compound annual revenue growth over 3 years |
3.5%
Caution
↓
Caution
Declining
Compound annual revenue growth over 3 years |
9.2%
Fair
↓
Fair
Declining
Compound annual revenue growth over 3 years |
8.8%
Fair
Fair
Compound annual revenue growth over 3 years |
12.0%
Good
Good
Compound annual revenue growth over 3 years |
— | — | — | — | — | — | — | — | — | — | — | — |
| Revenue CAGR 5Y (%) |
3.9%
Caution
↓
Caution
Declining
Compound annual revenue growth over 5 years |
5.5%
Fair
↓
Fair
Declining
Compound annual revenue growth over 5 years |
6.7%
Fair
Fair
Compound annual revenue growth over 5 years |
9.5%
Good
Good
Compound annual revenue growth over 5 years |
— | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Margin (%) (%) |
12.0%
Fair
↑
Fair
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-52%)
|
16.1%
Good
↑
Good
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-36%)
|
3.4%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-86%)
|
7.3%
Caution
↓
Caution
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-71%)
|
7.1%
Caution
↓
Caution
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-72%)
|
11.2%
Fair
↑
Fair
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-55%)
|
8.4%
Caution
↓
Caution
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-66%)
|
11.5%
Fair
Fair
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-54%)
|
6.3%
Caution
Caution
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-75%)
|
— | — | — | — | — | — | — | — | — |
| FCF Margin (%) (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF / Net Income (x) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Invested Capital (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Common Equity (%) (%) |
11.2%
Fair
↑
Fair
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+40%)
|
14.0%
Fair
↑
Fair
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+75%)
|
3.3%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-59%)
|
5.3%
Caution
→
Caution
Stable
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-34%)
|
4.9%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-39%)
|
7.0%
Caution
↑
Caution
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-12%)
|
4.6%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-42%)
|
4.9%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-38%)
|
2.2%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-72%)
|
1.7%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-79%)
|
1.5%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-81%)
|
-2.7%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-134%)
|
0.8%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-90%)
|
3.1%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-62%)
|
4.2%
Weak
→
Weak
Stable
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-47%)
|
4.4%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-45%)
|
3.9%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-51%)
|
— |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt to Equity (x) |
4.91x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+391%)
|
4.05x
Weak
→
Weak
Stable
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+305%)
|
4.82x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+382%)
|
3.67x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+267%)
|
3.51x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+251%)
|
3.14x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+214%)
|
3.01x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+201%)
|
2.27x
Weak
↑
Weak
Improving
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+127%)
|
2.03x
Weak
↓
Weak
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+103%)
|
2.12x
Weak
↓
Weak
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+112%)
|
— |
2.31x
Weak
↓
Weak
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+131%)
|
2.44x
Weak
↓
Weak
Declining
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+144%)
|
3.14x
Weak
Weak
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+214%)
|
2.25x
Weak
Weak
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Above avg (+125%)
|
— | — | — |
| Interest Coverage (x) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Debt (USD) | $832.66M | $682.43M | $726.88M | $737.55M | $699.57M | $658.26M | $619.75M | $559.47M | $535.94M | $504.74M | $-5.15M | $494.00M | $438.46M | $378.64M | $300.72M | $-7.06M | $-3.10M | $-4.50M |
| Debt / EBITDA (x) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LT Debt (USD) | $843.47M | $693.38M | $738.86M | $749.21M | $707.53M | $669.28M | $626.59M | $566.06M | $542.63M | $509.39M | — | $502.60M | $447.00M | $384.19M | $304.05M | — | — | — |
| Total Equity (USD) | $171.77M | $171.17M | $153.28M | $203.90M | $201.30M | $213.18M | $208.13M | $249.74M | $266.80M | $239.88M | $233.87M | $217.67M | $183.15M | $122.36M | $135.31M | $111.38M | $118.45M | $130.50M |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | $161.34M | $149.39M | $147.58M | $148.98M | $137.69M | $133.15M | $114.39M | $106.80M | $94.80M | — | — | — | — | — | — | — | — | — |
| Depreciation Expense (USD) | — | — | — | — | — | — | — | — | — | — | — | — | — | $16.83M | $14.15M | $13.26M | $13.17M | — |
| Net Income, GAAP (USD) | $19.29M | $24.00M | $4.99M | $10.80M | $9.77M | $14.94M | $9.63M | $12.32M | $5.94M | $3.96M | $3.60M | $-5.90M | $1.53M | $3.76M | $5.71M | $4.93M | $4.60M | — |
| Operating Cash Flow (USD) | $88.15M | $56.95M | $60.37M | $69.18M | $70.13M | $65.49M | $60.19M | $55.60M | $46.84M | $41.16M | $31.49M | — | $19.89M | $23.41M | $19.66M | $18.11M | $17.01M | — |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2023 10-K ↗ | FY 2022 Dec 31, 2022 10-K ↗ | FY 2021 Dec 31, 2021 10-K ↗ | FY 2020 Dec 31, 2020 10-K ↗ | FY 2019 Dec 31, 2019 10-K ↗ | FY 2018 Dec 31, 2018 10-K ↗ | FY 2017 Dec 31, 2017 10-K ↗ | FY 2016 Dec 31, 2016 10-K ↗ | FY 2015 Dec 31, 2015 10-K ↗ | FY 2014 Dec 31, 2014 10-K ↗ | FY 2013 Dec 31, 2013 10-K ↗ | FY 2012 Dec 31, 2012 10-K ↗ | FY 2011 Dec 31, 2011 10-K ↗ | FY 2010 Dec 31, 2010 10-K ↗ | FY 2009 Dec 31, 2009 10-K ↗ | FY 2008 Dec 31, 2008 10-K ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FFO (approx.) (USD) | $77.53M | $79.78M | $62.84M | $70.96M | $70.08M | $70.36M | $61.67M | $59.94M | $48.73M | $41.48M | $38.88M | $22.96M | $24.35M | $20.59M | $19.86M | $18.19M | $17.77M | — |
| FFO per Share (approx.) (USD) | $1.67 | $1.91 | $1.57 | $1.82 | $1.92 | $2.07 | $2.01 | $2.09 | $1.85 | $1.79 | $1.84 | $1.33 | $1.85 | $1.88 | $1.94 | $2.12 | $2.08 | — |
Secondary lens
Benchmark Lens
Compare GOOD against peers after checking the statement evidence.
Open lens
Benchmark Lens
Compare GOOD against peers after checking the statement evidence.
Signals
Key bullish and bearish indicators for GOOD
No bullish signals detected
Debt to Equity is concerning (bottom quartile)
Percentile Rankings
How GOOD compares to all companies
Peer Comparison
GOOD vs similar peers
Compare GOOD with peers
Stack GOOD against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 18 years · 67 quarters