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GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:GOODN - US3765367020

23.08 USD
-0.28 (-1.2%)
Last: 12/18/2025, 8:00:01 PM
Fundamental Rating

3

Taking everything into account, GOODN scores 3 out of 10 in our fundamental rating. GOODN was compared to 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of GOODN while its profitability can be described as average. GOODN is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

GOODN had positive earnings in the past year.
In the past year GOODN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: GOODN reported negative net income in multiple years.
Each year in the past 5 years GOODN had a positive operating cash flow.
GOODN Yearly Net Income VS EBIT VS OCF VS FCFGOODN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

With a Return On Assets value of 0.66%, GOODN perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
GOODN has a Return On Equity (2.35%) which is comparable to the rest of the industry.
GOODN has a better Return On Invested Capital (3.64%) than 67.19% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GOODN is in line with the industry average of 3.05%.
The last Return On Invested Capital (3.64%) for GOODN is above the 3 year average (3.53%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.66%
ROE 2.35%
ROIC 3.64%
ROA(3y)0.03%
ROA(5y)-0.01%
ROE(3y)0.02%
ROE(5y)-0.07%
ROIC(3y)3.53%
ROIC(5y)3.14%
GOODN Yearly ROA, ROE, ROICGOODN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4

1.3 Margins

With a Profit Margin value of 5.36%, GOODN perfoms like the industry average, outperforming 51.56% of the companies in the same industry.
The Operating Margin of GOODN (36.74%) is better than 77.34% of its industry peers.
In the last couple of years the Operating Margin of GOODN has grown nicely.
GOODN's Gross Margin of 77.68% is fine compared to the rest of the industry. GOODN outperforms 75.78% of its industry peers.
In the last couple of years the Gross Margin of GOODN has remained more or less at the same level.
Industry RankSector Rank
OM 36.74%
PM (TTM) 5.36%
GM 77.68%
OM growth 3Y12.15%
OM growth 5Y2.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5Y-1.4%
GOODN Yearly Profit, Operating, Gross MarginsGOODN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

0

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GOODN is destroying value.
GOODN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GOODN has more shares outstanding
GOODN has a better debt/assets ratio than last year.
GOODN Yearly Shares OutstandingGOODN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
GOODN Yearly Total Debt VS Total AssetsGOODN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

GOODN has an Altman-Z score of 0.31. This is a bad value and indicates that GOODN is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GOODN (0.31) is worse than 60.94% of its industry peers.
GOODN has a Debt/Equity ratio of 2.37. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GOODN (2.37) is worse than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Altman-Z 0.31
ROIC/WACC0.52
WACC6.97%
GOODN Yearly LT Debt VS Equity VS FCFGOODN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

GOODN has a Current Ratio of 0.68. This is a bad value and indicates that GOODN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GOODN (0.68) is worse than 71.09% of its industry peers.
GOODN has a Quick Ratio of 0.68. This is a bad value and indicates that GOODN is not financially healthy enough and could expect problems in meeting its short term obligations.
GOODN has a Quick ratio of 0.68. This is in the lower half of the industry: GOODN underperforms 71.09% of its industry peers.
Industry RankSector Rank
Current Ratio 0.68
Quick Ratio 0.68
GOODN Yearly Current Assets VS Current LiabilitesGOODN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

2

3. Growth

3.1 Past

The earnings per share for GOODN have decreased strongly by -10.00% in the last year.
Looking at the last year, GOODN shows a small growth in Revenue. The Revenue has grown by 4.95% in the last year.
The Revenue has been growing slightly by 5.48% on average over the past years.
EPS 1Y (TTM)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90%
Revenue 1Y (TTM)4.95%
Revenue growth 3Y2.75%
Revenue growth 5Y5.48%
Sales Q2Q%4.09%

3.2 Future

Based on estimates for the next years, GOODN will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.38% on average per year.
The Revenue is expected to grow by 3.16% on average over the next years.
EPS Next Y-14.67%
EPS Next 2Y-5.53%
EPS Next 3Y-14.38%
EPS Next 5YN/A
Revenue Next Year6.02%
Revenue Next 2Y6.05%
Revenue Next 3Y5.74%
Revenue Next 5Y3.16%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
GOODN Yearly Revenue VS EstimatesGOODN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 50M 100M 150M
GOODN Yearly EPS VS EstimatesGOODN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 0.2 -0.2

1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 128.22, the valuation of GOODN can be described as expensive.
Based on the Price/Earnings ratio, GOODN is valued a bit more expensive than 60.94% of the companies in the same industry.
GOODN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.26.
GOODN is valuated quite expensively with a Price/Forward Earnings ratio of 99.46.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GOODN is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of GOODN to the average of the S&P500 Index (23.68), we can say GOODN is valued expensively.
Industry RankSector Rank
PE 128.22
Fwd PE 99.46
GOODN Price Earnings VS Forward Price EarningsGOODN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

GOODN's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. GOODN is more expensive than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.85
GOODN Per share dataGOODN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

GOODN has a very decent profitability rating, which may justify a higher PE ratio.
GOODN's earnings are expected to decrease with -14.38% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.53%
EPS Next 3Y-14.38%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.11%, GOODN is a good candidate for dividend investing.
GOODN's Dividend Yield is rather good when compared to the industry average which is at 6.20. GOODN pays more dividend than 95.31% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, GOODN pays a better dividend.
Industry RankSector Rank
Dividend Yield 11.11%

5.2 History

The dividend of GOODN decreases each year by -4.40%.
GOODN has been paying a dividend for over 5 years, so it has already some track record.
As GOODN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-4.4%
Div Incr Years0
Div Non Decr Years5
GOODN Yearly Dividends per shareGOODN Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

GOODN pays out 803.10% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of GOODN has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP803.1%
EPS Next 2Y-5.53%
EPS Next 3Y-14.38%
GOODN Yearly Income VS Free CF VS DividendGOODN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
GOODN Dividend Payout.GOODN Dividend Payout, showing the Payout Ratio.GOODN Dividend Payout.PayoutRetained Earnings

GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP

NASDAQ:GOODN (12/18/2025, 8:00:01 PM)

23.08

-0.28 (-1.2%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-16 2026-02-16/amc
Inst Owners51.04%
Inst Owner ChangeN/A
Ins Owners1.17%
Ins Owner Change0%
Market Cap1.19B
Revenue(TTM)155.25M
Net Income(TTM)8.32M
Analysts80
Price Target26.97 (16.85%)
Short Float %0%
Short Ratio0
Dividend
Industry RankSector Rank
Dividend Yield 11.11%
Yearly Dividend1.48
Dividend Growth(5Y)-4.4%
DP803.1%
Div Incr Years0
Div Non Decr Years5
Ex-Date12-22 2025-12-22 (0.138021)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-70.47%
Min EPS beat(2)-76.23%
Max EPS beat(2)-64.7%
EPS beat(4)2
Avg EPS beat(4)-26.61%
Min EPS beat(4)-76.23%
Max EPS beat(4)20.66%
EPS beat(8)5
Avg EPS beat(8)-19.31%
EPS beat(12)6
Avg EPS beat(12)-80.1%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-0.44%
Max Revenue beat(2)1.15%
Revenue beat(4)1
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-3.67%
Max Revenue beat(4)1.15%
Revenue beat(8)3
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-1.91%
Revenue beat(16)5
Avg Revenue beat(16)-1.53%
PT rev (1m)-7.93%
PT rev (3m)2.41%
EPS NQ rev (1m)-65.59%
EPS NQ rev (3m)-70.37%
EPS NY rev (1m)-6.45%
EPS NY rev (3m)5.24%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)2.3%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.04%
Valuation
Industry RankSector Rank
PE 128.22
Fwd PE 99.46
P/S 7.65
P/FCF N/A
P/OCF 12.47
P/B 3.35
P/tB 5.1
EV/EBITDA 17.85
EPS(TTM)0.18
EY0.78%
EPS(NY)0.23
Fwd EY1.01%
FCF(TTM)-2.7
FCFYN/A
OCF(TTM)1.85
OCFY8.02%
SpS3.02
BVpS6.9
TBVpS4.52
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.28
Profitability
Industry RankSector Rank
ROA 0.66%
ROE 2.35%
ROCE 4.61%
ROIC 3.64%
ROICexc 3.7%
ROICexgc 4.15%
OM 36.74%
PM (TTM) 5.36%
GM 77.68%
FCFM N/A
ROA(3y)0.03%
ROA(5y)-0.01%
ROE(3y)0.02%
ROE(5y)-0.07%
ROIC(3y)3.53%
ROIC(5y)3.14%
ROICexc(3y)3.56%
ROICexc(5y)3.17%
ROICexgc(3y)4%
ROICexgc(5y)3.56%
ROCE(3y)4.46%
ROCE(5y)3.98%
ROICexgc growth 3Y17.8%
ROICexgc growth 5Y7.28%
ROICexc growth 3Y17.97%
ROICexc growth 5Y7.68%
OM growth 3Y12.15%
OM growth 5Y2.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5Y-1.4%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Debt/EBITDA 7.44
Cap/Depr 418.99%
Cap/Sales 150.82%
Interest Coverage 250
Cash Conversion 84.32%
Profit Quality N/A
Current Ratio 0.68
Quick Ratio 0.68
Altman-Z 0.31
F-Score3
WACC6.97%
ROIC/WACC0.52
Cap/Depr(3y)109.89%
Cap/Depr(5y)149.38%
Cap/Sales(3y)44.05%
Cap/Sales(5y)61.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-90%
EPS Next Y-14.67%
EPS Next 2Y-5.53%
EPS Next 3Y-14.38%
EPS Next 5YN/A
Revenue 1Y (TTM)4.95%
Revenue growth 3Y2.75%
Revenue growth 5Y5.48%
Sales Q2Q%4.09%
Revenue Next Year6.02%
Revenue Next 2Y6.05%
Revenue Next 3Y5.74%
Revenue Next 5Y3.16%
EBIT growth 1Y8.21%
EBIT growth 3Y15.23%
EBIT growth 5Y8.21%
EBIT Next Year144.06%
EBIT Next 3Y41.39%
EBIT Next 5YN/A
FCF growth 1Y-999.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y56.68%
OCF growth 3Y-6.7%
OCF growth 5Y-1.1%

GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP / GOODN FAQ

Can you provide the ChartMill fundamental rating for GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP?

ChartMill assigns a fundamental rating of 3 / 10 to GOODN.


Can you provide the valuation status for GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP?

ChartMill assigns a valuation rating of 1 / 10 to GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN). This can be considered as Overvalued.


Can you provide the profitability details for GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP?

GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN) has a profitability rating of 6 / 10.


What is the valuation of GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN) is 128.22 and the Price/Book (PB) ratio is 3.35.


How financially healthy is GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP?

The financial health rating of GLADSTONE COMMERCIAL COR - GOOD 6 5/8 PERP (GOODN) is 0 / 10.