Stocktoria

GLADSTONE COMMERCIAL CORP GOOD

Nasdaq · reit · Lessors of Real Property, NEC · website · IPO 2003-08-13 · LEI

GLADSTONE COMMERCIAL CORP statistics & valuation

Market cap$605.3M
P / E31.4×
P / S3.8×
P / B3.5×
Dividend yield11.26%
Net margin12.0%
Return on equity11.2%
Net debt$832.7M
Enterprise value USD$1.4B
Graham number -74.2%$3.34

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($3.34); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.60% 6.30% 11.50% 8.40% 11.20% 7.90% 7.30% 3.40% 16.10% 12.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
1.70% 2.20% 4.80% 4.60% 7.00% 5.40% 5.30% 3.20% 14.00% 11.20% 2016201720182019202020212022202320242025
Shares outstanding
24.9M 28.4M 29.3M 32.6M 35.3M 37.5M 39.7M 40.0M 44.0M 48.4M 2016201720182019202020212022202320242025
Net debt ($)
$504.7M $535.9M $559.5M $619.7M $658.3M $699.6M $737.6M $726.9M $682.4M $832.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.50% 0.60% 1.30% 0.90% 1.40% 1.00% 0.90% 0.40% 2.20% 1.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2.12× 2.03× 2.22× 2.97× 3.12× 3.50× 3.64× 4.79× 4.05× 4.91× 2016201720182019202020212022202320242025
EPS ($)
-$0.16 -$0.19 $0.03 -$0.16 $0.09 -$0.09 -$0.04 -$0.19 $0.27 $0.14 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

GLADSTONE COMMERCIAL CORP trades at about 92.7× earnings — below its 10-year norm (10-year range 60×–665×, median 120.8×).

60× 665×

Shaded band = 10-year range (60×–665×); dot = today's 92.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin12.0%16.1%3.4%7.3%7.9%11.2%8.4%11.5%6.3%4.6%
Return on assets1.5%2.2%0.4%0.9%1.0%1.4%0.9%1.3%0.6%0.5%
Return on equity11.2%14.0%3.2%5.3%5.4%7.0%4.6%4.8%2.2%1.7%
Debt / equity4.91×4.05×4.79×3.64×3.50×3.12×2.97×2.22×2.03×2.12×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.