Gladstone Commercial Corporation (GOODO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gladstone Commercial Corporation stock $24.94, price $17.71, upside +40.8%, quality 42 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $11.61 – $20.94 · fair‑value band $9.30 – $47.62 · the $17.71 price screens below the $24.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States.
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Including payments through September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions.
The company has also paid 53 consecutive monthly cash distributions on its Series D Preferred Stock, 12 consecutive monthly cash distributions on its Series E Preferred Stock and three consecutive monthly cash distributions on its Series F Preferred Stock.
Gladstone Commercial has never skipped, reduced or deferred a distribution since its inception in 2003.
Stock analysis
Gladstone Commercial Corporation (GOODO) currently trades at $17.71, while our model-based Fair Value estimate is $24.94, implying the stock looks roughly 29% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $32.18 per share, and 8 of the 15 models we run sit above the $17.71 price.
Bear case: the Asset-Based group reads lowest at $5.73, and 7 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.30 (bear) to $47.62 (bull), the price of $17.71 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Gladstone Commercial Corporation reported revenue of $161M in FY2025 versus $138M in FY2021, a compound +4.0%/yr. Reported net income was $19.3M in FY2025, compounding +15.2%/yr from FY2021.
Key figures
Market cap $836M Small · P/E ratio 609.7 · P/S ratio 72.9 · EPS (TTM) $0.0290 · Dividend yield 8.5% · Net margin 12.0% · Return on equity 4.3% · Return on assets (EBIT) 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 12% fair-value upside, at 41%, GOODO screens cheaper than that median.
Fair Value models
Bear$9.30Fair Value $24.94Bull$47.62
Price $17.71 · Upside +40.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.1%
Dividend (yield on the price)8.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 5.8% / 10.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.28% → 37%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.7% a year for the price.
Compare Gladstone Commercial Corporation with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Residential & Commercial REITs” was too small, so the broader sector is used.)Real Estate · 1612 stocks
Beats the sector median on 4/10 measures
A mixed picture versus its sector peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+40.8% · Above median
Profitability
Return on equity (12 months)4.3% · Below median
Return on assets1.6% · Below median
Net margin (12 months)11.5% · Below median
Operating margin (12 months)25.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)3.6% · Above median
Dividend yield (12 months)8.5% · Top 25%
Balance sheet
Debt / equity2.36× · Highest 25%
Valuation Multiplesvs Real Estate median · lower = cheaper
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Is Gladstone Commercial Corporation (GOODO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $24.94 versus a price of $17.71, about +41% upside (undervalued).
What is the fair value of GOODO?
Our model-based fair value for Gladstone Commercial Corporation is $24.94 (as of Nov 7, 2026), built from audited fundamentals. The current price: $17.71.
What is the quality score of GOODO?
Gladstone Commercial Corporation has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Gladstone Commercial Corporation (GOODO)?
Our model-based price target is the fair value of $24.94 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario $9.30, optimistic scenario $47.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Gladstone Commercial Corporation stock forecast for 2026?
Our models put fair value at $24.94, about +41% upside versus a price of $17.71 (undervalued). Cautious scenario $9.30, optimistic scenario $47.62. The calculation is refreshed regularly with new filings.
What is the revenue of Gladstone Commercial Corporation (GOODO)?
Gladstone Commercial Corporation reported trailing-twelve-month revenue of about $135M (latest available figure, as of Nov 7, 2026).
Does Gladstone Commercial Corporation pay a dividend?
Gladstone Commercial Corporation currently shows a dividend yield of 8.48% relative to its recent price (as of Nov 7, 2026).
What growth is priced into Gladstone Commercial Corporation (GOODO)?
For today's price to be fair in a discounted-cash-flow model, Gladstone Commercial Corporation would have to grow free cash flow by +17.5 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of GOODO use?
Our models discount Gladstone Commercial Corporation at 11.2 %: a base by market capitalisation (small), damped by beta 1.00, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gladstone Commercial Corporation that is +17.5 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Gladstone Commercial Corporation (GOODO) delivered so far?
Over the past 5 years revenue at Gladstone Commercial Corporation grew +3.9 % a year. The price currently implies +17.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gladstone Commercial Corporation (GOODO) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Gladstone Commercial Corporation (+17.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gladstone Commercial Corporation (GOODO)?
The free-cash-flow yield on the price is 8.03 %: that much free cash flow Gladstone Commercial Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gladstone Commercial Corporation (GOODO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gladstone Commercial Corporation it is $24.94 per share (as of Nov 7, 2026), against a price of $17.71. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Gladstone Commercial Corporation stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GOODO trades below its calculated fair value: price $17.71, fair value $24.94, a gap of about +41% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GOODO?
No. The price is what the market pays today ($17.71); the fair value is what the company's own numbers justify ($24.94). For Gladstone Commercial Corporation the two are $7.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gladstone Commercial Corporation worth?
The market values Gladstone Commercial Corporation at about $836M (market capitalisation, as of Nov 7, 2026). Per share that is $17.71; our models calculate a fair value of $24.94 per share.
What do the bullish and bearish scenarios say about GOODO?
Our models span a range for Gladstone Commercial Corporation: cautious scenario $9.30, base $24.94, optimistic $47.62 per share (as of Nov 7, 2026, price $17.71). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gladstone Commercial Corporation (GOODO)?
Balance-sheet figures for Gladstone Commercial Corporation (as of Nov 7, 2026): return on equity 4.3%, debt of 2.36 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is GOODO from its 52-week high?
Gladstone Commercial Corporation trades at $17.71, about 15% below its 52-week high of $20.94 and 1% above the low of $17.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $24.94 is for.
Which stocks are comparable to Gladstone Commercial Corporation?
From the same area (Real Estate) we also value RCR, AREIT, MREIT, FILRT, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gladstone Commercial Corporation stock attractive at the current price?
The data as of Nov 7, 2026: price $17.71, calculated fair value $24.94 (+41%), Quality Score 42/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GOODO calculated?
We run Gladstone Commercial Corporation through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $24.94, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.7% above its aggregate fair value. Gladstone Commercial Corporation currently trades 29% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gladstone Commercial Corporation (GOODO)?
The closing price on Nov 6, 2026 was $17.71. Our model-based fair value is $24.94, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gladstone Commercial Corporation right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide ($9.30 to $47.62). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Gladstone Commercial Corporation
How large is the market capitalisation of Gladstone Commercial Corporation (GOODO)?
The market capitalisation of Gladstone Commercial Corporation is $836M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Gladstone Commercial Corporation (GOODO)?
The price-to-earnings ratio of Gladstone Commercial Corporation is 609.7 (as of Nov 7, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Gladstone Commercial Corporation (GOODO)?
The price-to-sales ratio of Gladstone Commercial Corporation is 72.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gladstone Commercial Corporation (GOODO)?
Earnings per share at Gladstone Commercial Corporation are $0.0290 (price ÷ EPS = P/E 609.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gladstone Commercial Corporation (GOODO)?
The dividend yield of Gladstone Commercial Corporation is 8.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gladstone Commercial Corporation (GOODO)?
The net margin of Gladstone Commercial Corporation is 12.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gladstone Commercial Corporation (GOODO)?
The return on equity (ROE) of Gladstone Commercial Corporation is 4.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gladstone Commercial Corporation (GOODO)?
On an EBIT basis the return on assets of Gladstone Commercial Corporation is 4.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gladstone Commercial Corporation (GOODO)?
The operating margin of Gladstone Commercial Corporation is 25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gladstone Commercial Corporation (GOODO)?
Revenue at Gladstone Commercial Corporation is growing +3.6% versus a year earlier (3y avg +2.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Gladstone Commercial Corporation (GOODO) carry?
The net debt of Gladstone Commercial Corporation is $846M (fiscal year 2025, ≈ 12.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026