Gladstone Commercial CorpGOOD

NasdaqReal EstateLessors of Real Property, NEC
Price (close)
$12.56
Market cap
$608.0M
P/E
24.6x
Revenue (TTM)
$170.2M
Net income
$24.8M
Dividend yield
9.55%
1-year total return
11.8%
Net margin
14.5%
Revenue growth
10.8%
Debt / equity
5.41x

What Gladstone Commercial Corp does.

Gladstone Commercial Corporation (which we refer to as “we,” “us,” or the “Company”) was incorporated under the General Corporation Law of the State of Maryland on February 14, 2003. We have elected to be taxed as a REIT for federal income tax purposes. We focus on acquiring, owning, and managing primarily industrial and office properties. Our shares of common stock, par value $0.001 per share, 6.625% Series E Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series E Preferred Stock”), and 6.00% Series G Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series G Preferred Stock”), trade on the Nasdaq Global Select Market (“Nasdaq”) under the trading symbols “GOOD,” “GOODN” and “GOODO,” respectively. Our senior common stock, par value $0.001 per share (“Senior Common Stock”) and our 6.00% Series F Cumulative Redeemable Preferred Stock, par value $0.001 per share (“Series F Preferred Stock”), are not listed or traded on any exchange or automated quotation system.

Our properties are geographically diversified and our tenants cover a broad cross section of business sectors and range in size from small to very large private and public companies, many of which are corporations that do not have publicly-rated debt. We have historically entered into, and intend in the future to enter into, purchase agreements for real estate having net leases with terms of approximately seven to 20 years with built-in rental rate increases. Under a net lease, the tenant is required to pay most or all operating, maintenance, repair and insurance costs and real estate taxes with respect to the leased property.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$133.2M$137.7M$149.0M$147.6M$149.4M$161.3M
Net income$14.9M$10.9M$10.8M$5.0M$24.0M$19.3M

More on GOOD.

Figures from Gladstone Commercial Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.