GOOD
Gladstone Commercial Corporation
GOOD's fundamentals are mixed, but it looks expensive: trading at 76x earnings, above its usual 68x. Analysts expect earnings growth.
GOOD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
GOOD's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like GOOD.
GOOD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 48x | $6.18 | -37% |
| Forward | 62x | $9.85 | — |
| Fair | 65x | $8.48 | -14% |
| Current | 76x | $9.85 | — |
| Expensive | 416x | $54.04 | +449% |
Historical ranges are pointers, not guarantees.
GOOD's PE is in its fair range at 76x. If earnings grow as analysts expect, today's price would be 62x next year's earnings.
GOOD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect GOOD's earnings to grow, but its profitability to weaken.
GOOD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.16 | +23% |
| Q3 2026 | $0.13 | -32% |
| Q2 2026 | $0.26 | -30% |
| Q1 2026 | $0.18 | -40% |
| Q4 2025 | $0.14 | -48% |
| Q3 2025 | $0.19 | -9.5% |
| Q2 2025 | $0.37 | +$0.40 |
| Q1 2025 | $0.30 | +$0.48 |
| Q4 2024 | $0.27 | +$0.48 |
GOOD's earnings per share have fallen from their peak: $0.13 over the past year, against $0.37 in mid-2025.
GOOD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.4M | +3.9% |
| Q2 2026 | $44M | +11% |
| Q1 2026 | $41.9M | +12% |
| Q4 2025 | $43.5M | +16% |
| Q3 2025 | $40.8M | +4.1% |
| Q2 2025 | $39.5M | +6.7% |
| Q1 2025 | $37.5M | +5% |
| Q4 2024 | $37.4M | +4.1% |
GOOD's revenue has grown year over year for nine quarters in a row: $42M last quarter, up 3.9% from the same quarter a year ago.
GOOD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.9M | +11% |
| Q2 2026 | $17.6M | -51% |
| Q1 2026 | $17.9M | +1.3% |
| Q4 2025 | $15.7M | -31% |
| Q3 2025 | $18.9M | +241% |
| Q2 2025 | $35.8M | +164% |
| Q1 2025 | $17.7M | +18% |
| Q4 2024 | $22.8M | +92% |
GOOD's free cash flow was $72M over the past year, down 24% from the year before. Free cash flow isn't a meaningful measure for real estate companies like GOOD.
GOOD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +61.1K shares |
| 1 year | +3.4% | +1.6M shares |
| 3 years | +21% | +8.6M shares |
| 5 years | +33% | +12.1M shares |
| Available history | +44% | +14.8M shares |
GOOD has 48M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $943,000 |
| Q1 2023 | $55,000 |
| Q4 2019 | — |
GOOD Net Leverage
GOOD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.4 | Oversold |
| Stochastic | 3.6 | Oversold |
GOOD's weekly RSI is 25 (oversold) and its Stochastic is 4 (oversold).
GOOD PE vs Real Estate Sector
| Metric | GOOD | Sector median | Relative |
|---|---|---|---|
| PE | 76x | 24x | 217% above |
| PE % | 60 | 23 | 37 pts above |
GOOD is trading at 76x earnings, a 217% premium to the Real Estate sector's median of 24x.
GOOD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.8 | 16% below |
| 20 week MA | $12.4 | 21% below |
| 50 week MA | $12.1 | 19% below |
| 100 week MA | $13.0 | 24% below |
| 200 week MA | $13.4 | 27% below |
GOOD is in a downtrend: it's below all five of its weekly moving averages, and 27% below its 200-week average.
GOOD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.4 | $17.8 | -17% |
| 2021 | $17.8 | $24.5 | +38% |
| 2022 | $24.5 | $18.7 | -24% |
| 2023 | $18.7 | $13.2 | -29% |
| 2024 | $13.2 | $16.0 | +21% |
| 2025 | $16.0 | $10.5 | -34% |
| 2026 YTD | $10.5 | $9.85 | -6.5% |
GOOD has finished lower in four of the last six years. It's down 6.5% so far in 2026.