GLADSTONE COMMERCIAL REIT CORP (GOOD)
Real Estate · Net lease REIT · NASDAQ
A diversified industrial and office REIT that generates stable monthly cash distributions from long-term net leases across a 151-property portfolio in secondary growth markets.
What GLADSTONE COMMERCIAL REIT CORP does
Gladstone Commercial Corporation is a REIT that acquires, owns, and manages primarily industrial and office properties through long-term net leases. As of February 2026, the company owned 151 properties totaling 17.7 million square feet across 27 states, with a 99.1% occupancy rate. The company generates income from lease revenues and distributes cash to shareholders monthly, using a combination of leverage, equity issuances, and operating cash flow to finance acquisitions.
Themes: ["Commercial real estate / net lease","Industrial property investment","REIT / dividend income","Secondary growth markets","Property portfolio diversification"]
Fundamentals
- Price$12.41 as of 2026-07-09 close
- Market cap$606M as of 2026-07-10
- 1-year return-12.5% as of 2026-07-09 close
- P/E28.70 as of 2026-07-10
- Net margin+12.7% as of 2026-07-10
- Gross margin+78.8% as of 2026-07-10
- ROE+6.1% as of 2026-07-10
- Debt / equity2.52 as of 2026-07-10
- Revenue growth (YoY)+9.6% as of 2026-07-10
- Revenue CAGR (3y)+2.7% SEC XBRL
- Beta1.08 as of 2026-07-10
Dividend: yield +9.6%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate and leverage risk: The company carries mortgage debt with a weighted average interest rate of 4.21% and senior unsecured notes at 6.22%, exposing it to refinancing and rate-increase risks.","Tenant and lease concentration risk: Performance depends on tenant creditworthiness and lease renewals, particularly given exposure to private and non-rated companies without public debt.","Real estate market cyclicality: The company's portfolio value and occupancy are exposed to economic downturns, sectoral shifts, and regional market conditions across its 27-state footprint."]
Competitors & peers
- STORE Capital Corporation (STOR)
- Spirit Realty Capital (SRC)
- Realty Income Corporation (O)
- W. P. Carey Inc. (WPC)
- Four Corners Property Trust (FCPT)
- Lexington Realty Trust (LXP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.