Gladstone Commercial Corp

Real Estate
Real Estate
www.gladstonecommercial.com

Earnings Score

Market Cap $694.42M
PE 82
Debt $692.65M
Cash $14.53M
EV $1.37B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$8.48M
ROE	5%
Equity	$169.05M
Growth Stability	1
PE	81.91
PEG	23.9
PB	4.11
P/S	4.69
Price/Cash	0.02
Debt/Equity	4.1
Net Margins	6%
Earnings CAGR	1%
Sales Growth YoY	8%
Sales Growth QoQ	6%
Sales CAGR	5%
Equity CAGR	-4%
Earnings Stability	0.01
Earnings Growth YoY	-696%
Earnings Growth QoQ	-624%
Earnings CAGR 5Y	3%

Sales CAGR 5Y	5%
Equity CAGR 5Y	-7%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
Equity CAGR 3Y	-13%
Market Cap	$694.42M
Revenue	$147.92M
Dividend Yield	9%
Payout Ratio	728%
Assets	$1.10B
Total Debt	$692.65M
Cash	$14.53M
Shares Outstanding	41.04M
EV	1.37B
Earnings Score	6%
Shares Growth 3y	3%
Equity Growth QoQ	16%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.

SEC Filings

Direct access to Gladstone Commercial Corp (GOOD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Gladstone Commercial Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Gladstone Commercial Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 1%

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Gladstone Commercial Corp Discounted Cash Flow

Fully customizable DCF calculator online for Gladstone Commercial Corp.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-4%	-5%	1%	-4%	2%	-3%	-2%	-5%	6%
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	-1%	-2%	-2%	0%	-2%	1%	-2%	-1%	-5%	5%

Bad Net Margins (6.39%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	2.31	2.27	2.12	2.03	2.22	2.97	3.1	3.49	3.66	4.79	4.1
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (4.1)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	10%	13%	7%	16%	3%	8%	-1%	5%
Earnings YoY growth	-	-86%	146%	34%	-120%	-589%	-166%	-245%	-33%	155%	3%
Equity YoY growth	-	7%	3%	11%	-5%	-17%	2%	-6%	1%	-25%	-7%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-