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

USA - Nasdaq - NASDAQ:GOODN - US3765367020

21.51 USD
+0.25 (+1.18%)
Last: 11/24/2025, 12:53:15 PM
Fundamental Rating

3

GOODN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. GOODN has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
GOODN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GOODN reported negative net income in multiple years.
GOODN had a positive operating cash flow in each of the past 5 years.
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

GOODN has a Return On Assets (0.66%) which is in line with its industry peers.
GOODN has a Return On Equity (2.35%) which is in line with its industry peers.
With a decent Return On Invested Capital value of 3.64%, GOODN is doing good in the industry, outperforming 67.19% of the companies in the same industry.
GOODN had an Average Return On Invested Capital over the past 3 years of 3.53%. This is in line with the industry average of 3.06%.
The 3 year average ROIC (3.53%) for GOODN is below the current ROIC(3.64%), indicating increased profibility in the last year.
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

GOODN has a Profit Margin (5.36%) which is in line with its industry peers.
With a decent Operating Margin value of 36.74%, GOODN is doing good in the industry, outperforming 77.34% of the companies in the same industry.
In the last couple of years the Operating Margin of GOODN has grown nicely.
The Gross Margin of GOODN (77.68%) is better than 75.78% of its industry peers.
GOODN's Gross Margin has been stable in the last couple of years.
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

GOODN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, GOODN has more shares outstanding
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 0.23. This is a bad value and indicates that GOODN is not financially healthy and even has some risk of bankruptcy.
GOODN's Altman-Z score of 0.23 is on the low side compared to the rest of the industry. GOODN is outperformed by 64.06% 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.
GOODN's Debt to Equity ratio of 2.37 is on the low side compared to the rest of the industry. GOODN is outperformed by 75.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.37
Debt/FCF N/A
Altman-Z 0.23
ROIC/WACC0.54
WACC6.77%
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

A Current Ratio of 0.68 indicates that GOODN may have some problems paying its short term obligations.
The Current ratio of GOODN (0.68) is worse than 71.88% of its industry peers.
A Quick Ratio of 0.68 indicates that GOODN may have some problems paying its short term obligations.
With a Quick ratio value of 0.68, GOODN is not doing good in the industry: 71.88% of the companies in the same industry are doing better.
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.
GOODN shows a small growth in Revenue. In the last year, the Revenue has grown by 4.95%.
Measured over the past years, GOODN shows a small growth in Revenue. The Revenue has been growing by 5.48% on average per year.
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

GOODN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.88% yearly.
The Revenue is expected to grow by 2.82% on average over the next years.
EPS Next Y-8.79%
EPS Next 2Y-5.01%
EPS Next 3Y7.88%
EPS Next 5YN/A
Revenue Next Year5.21%
Revenue Next 2Y5.17%
Revenue Next 3Y3.34%
Revenue Next 5Y2.82%

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 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 0.3

1

4. Valuation

4.1 Price/Earnings Ratio

GOODN is valuated quite expensively with a Price/Earnings ratio of 119.50.
Compared to the rest of the industry, the Price/Earnings ratio of GOODN is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 25.47, GOODN is valued quite expensively.
GOODN is valuated quite expensively with a Price/Forward Earnings ratio of 91.69.
GOODN's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.42, GOODN is valued quite expensively.
Industry RankSector Rank
PE 119.5
Fwd PE 91.69
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

Based on the Enterprise Value to EBITDA ratio, GOODN is valued a bit more expensive than 67.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.67
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.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.01%
EPS Next 3Y7.88%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.35%, GOODN is a good candidate for dividend investing.
GOODN's Dividend Yield is rather good when compared to the industry average which is at 6.59. GOODN pays more dividend than 96.09% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, GOODN pays a better dividend.
Industry RankSector Rank
Dividend Yield 11.35%

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.
GOODN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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.
DP803.1%
EPS Next 2Y-5.01%
EPS Next 3Y7.88%
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 (11/24/2025, 12:53:15 PM)

21.51

+0.25 (+1.18%)

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 Owners50.5%
Inst Owner ChangeN/A
Ins Owners1.2%
Ins Owner Change0%
Market Cap1.07B
Revenue(TTM)155.25M
Net Income(TTM)8.32M
Analysts78.18
Price Target25.46 (18.36%)
Short Float %0%
Short Ratio0.58
Dividend
Industry RankSector Rank
Dividend Yield 11.35%
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)-7.32%
PT rev (3m)-0.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)80%
EPS NY rev (1m)-11.71%
EPS NY rev (3m)12.5%
Revenue NQ rev (1m)1.58%
Revenue NQ rev (3m)1.58%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 119.5
Fwd PE 91.69
P/S 6.87
P/FCF N/A
P/OCF 11.21
P/B 3.01
P/tB 4.59
EV/EBITDA 16.67
EPS(TTM)0.18
EY0.84%
EPS(NY)0.23
Fwd EY1.09%
FCF(TTM)-2.8
FCFYN/A
OCF(TTM)1.92
OCFY8.92%
SpS3.13
BVpS7.15
TBVpS4.69
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.38
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 0.23
F-Score3
WACC6.77%
ROIC/WACC0.54
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-8.79%
EPS Next 2Y-5.01%
EPS Next 3Y7.88%
EPS Next 5YN/A
Revenue 1Y (TTM)4.95%
Revenue growth 3Y2.75%
Revenue growth 5Y5.48%
Sales Q2Q%4.09%
Revenue Next Year5.21%
Revenue Next 2Y5.17%
Revenue Next 3Y3.34%
Revenue Next 5Y2.82%
EBIT growth 1Y8.21%
EBIT growth 3Y15.23%
EBIT growth 5Y8.21%
EBIT Next Year142.11%
EBIT Next 3YN/A
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 119.5 and the Price/Book (PB) ratio is 3.01.


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.