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GOOD · Gladstone Commercial Corp

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$9.97 +0.12 (+1.22%) At close · Nov 13
Market Cap
$484.34M
Shares
48.58M
Volume · Nov 13 907.74K Avg daily vol (3M) 518.34K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$9.97 Open$9.91 Day$9.69–9.99 52W close$9.85–13.24 Avg vol 30d639K Short int4.4M · 9.0% of shares · 8.1d Short vol60% Last earningsNov 4, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 3

Up next

Feb 18, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 4
Earnings call
Portfolio occupancy rises to 99.3% as core FFO holds steady

Gladstone Commercial Corporation reported portfolio occupancy of 99.3% at September 30, 2026, up from 98.7 last quarter. Core FFO was $0.35 per share, industrial assets represented 69% of annualized straight-line rent, and cash rents collected were 100%.

7 source passages
Greetings, and welcome to the Gladstone Commercial Corporation third quarter earnings call. Through the efforts of our asset management team, as of September 30, 2026, our portfolio was 99.3% occupied. Up from 98.7 last quarter, with a 7.1-year average remaining lease term. We're both $0.35 per share for the core. FFO and core FFO available with Thomas Stockholders during the same period in 2025 were both $0.35 per share. As of quarter end, the industrial portfolio represented 69% of our annualized straight-line rent, and we continue working toward our near-term goal of 70%. We also collected 100% of cash-based rents in the period. Open the document at this passage
Nov 3
Current report 8-K
Core FFO falls 7.8%, net loss reaches $5.2 million

Gladstone Commercial Corporation reported third-quarter results for the period ended September 30, 2026: Core FFO was $16.9 million, down 7.8%, while net loss attributable to common stockholders and Non-controlling OP Unitholders was $5.2 million, or $0.11 per share.

Financial results
2 source passages
Core FFO available to common shareholders and Non-controlling OP Unitholders for the three months ended September 30, 2026 was $16.9 million, a 7.8% decrease when compared to the three months ended June 30, 2026, equaling $0.35 per share. Net loss attributable to common stockholders and Non-controlling OP Unitholders for the three months ended September 30, 2026 was $5.2 million, or $0.11 per share, compared to net income available to common stockholders and Non-controlling OP Unitholders for the three months ended June 30, 2026 of $5.1 million, or $0.11 per share. Open the document at this passage
Nov 3
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Impairment drives 2026 quarterly loss despite revenue growth

Gladstone Commercial Corporation reported third-quarter 2026 lease revenue of $42,419 thousand, up 3.9%, but posted a net loss of $2,063 thousand after a $6,518 thousand impairment charge; diluted FFO per share was $0.35.

Revenue $42.42M ▲ 3.9% Net loss $2.06M Diluted EPS -$0.11
Read from the MD&A section
6 source passages
All references to “we,” “our,” “us” and the “Company” in this Report mean Gladstone Commercial Corporation and its consolidated subsidiaries, except where otherwise noted or where the context indicates that the term means only Gladstone Commercial Corporation. The third quarter of 2026 continued to experience a resilient business environment despite ongoing macroeconomic uncertainty, including persistent inflation, elevated interest rates, and geopolitical conflict in the Middle East. Lease revenue | 42,419 | 40,841 | 1,578 | 3.9 | % Impairment charge | 6,518 | — | 6,518 | 100.0 | % Net (loss) income | (2,063) | 4,137 | (6,200) | (149.9) | % FFO per weighted average share of common stock and Non-controlling OP Units - diluted (1) | 0.35 | 0.35 | — | — | % Open the document at this passage
Oct 26
Current report 8-K Events of Oct 22
Director or officer change, or executive pay

Walter H. Wilkinson Jr. resigned from Gladstone Commercial Corporation’s Board effective October 22, 2026; George “Chip” Stelljes, III became Lead Independent Director effective October 26, 2026, when the board size was fixed at seven.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$171.78M
Trailing 12 months
Net income (TTM)
$18.56M
Trailing 12 months
Revenue growth YoY
+3.9%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
76.7
Trailing earnings · reciprocal yield 1.3%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$847.52M
Latest balance sheet
Dividend yield
12.0%
Trailing 12 months
Shares change YoY
+3.4%
Year over year · more shares
Price change (1Y)
-11.5%
Trailing year
Short interest
9.0%
Latest settlement · 8.1 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 4, 2026
Q3 FY26

TL;DR. Portfolio occupancy rose to 99.3%, cash-rent collections remained at 100%, and the company completed an accretive acquisition and substantial leasing activity. Third-quarter Core FFO declined 7.8%, the company reported a $5.2 million net loss and a $6.5 million impairment, while higher rates, refinancing needs, and limited qualifying acquisitions created headwinds.

Bullish
  • + Portfolio occupancy increased to 99.3% from 98.7% last quarter, with a 7.1-year average remaining lease term.
  • + The company collected 100% of cash-based rents during the period.
  • + The company acquired a fully occupied 146,650-square-foot industrial property for $6.6 million at a 9.16% cap rate.
  • + The company leased or renewed 502,557 square feet during the third quarter.
  • + Same-store lease revenue increased 0.2% for the first nine months of 2026.
  • + All outstanding bank term loans were hedged to maturity through interest-rate swaps.
Bearish
  • − Third-quarter Core FFO decreased 7.8% from the prior quarter to $16.9 million, or $0.35 per share.
  • − The company reported a $5.2 million net loss attributable to common stockholders and OP unitholders, or $0.11 per share.
  • − Total operating expenses increased 25.5% from the prior quarter.
  • − The company recognized a $6.5 million impairment charge on one property.
  • − Higher interest rates and a wide gap between seller and buyer pricing reduced the number of acquisition opportunities meeting the company's criteria.
  • − The company faces $7.4 million of loan maturities in 2026 and $99.9 million in 2027.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Bullish Fundamentals Poor Quant / Vol Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Sell
50 / 200-day cross Death cross
Price vs 200-day avg −19%
below
Price vs 50-day avg −17%
below
RSI (14) 23
oversold
MACD trend Negative
52-week position 4%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −20%
trailing
6-month return −23%
trailing
YTD return −7%
this year
Relative strength −23%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) Death cross
50d $12 › 200d $12 — 200d above 50d
Institutional flow Accumulating
182 of 206 funds reported for Sep 30 · net +315.5K sh shares · +18 new
Insider flow Accumulating
Net +$188.8K over 90 days · 0% sells
Short interest Falling
8.96% of shares out · ▼ -1.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
206 holders — near 3-yr high, broad support
Squeeze score 60
elevated · 0–100
Fundamentals
Poor
Revenue growth +8%
Y/Y
EPS growth −48%
Y/Y
Valuation P/E 76.7
rich
Balance sheet $832.7M
net debt
Quant / Vol
risk profile
Low
Volatility 24%
annualized · 1-yr
Max drawdown −26%
past year
ATR 3.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Nov 1, 2021
next 12 plus months
Industrial allocation at least 60%
next two plus years
Industrial allocation 70% – 75%
a year going forward
Portfolio growth / acquisitions $120M – $150M
Previous outlook earlier release · from the Earnings Call filed Aug 9, 2021

Still-open targets the latest release did not restate under the same label.

Industrial allocation · within the next 18-plus months 60%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell
5 · 2 · 0
50 / 200-day cross
Death cross Bearish
Price vs 200-day avg
−19% Bearish
Price vs 50-day avg
−17% Bearish
RSI (14)
23 Neutral
MACD trend
Negative Bearish
52-week position
4% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 4 of 6
Trend (MA cross) Death cross
50d $12 › 200d $12 — 200d above 50d
Institutional flow Accumulating
182 of 206 funds reported for Sep 30 · net +315.5K sh shares · +18 new
Insider flow Accumulating
Net +$188.8K over 90 days · 0% sells
Short interest Falling
8.96% of shares out · ▼ -1.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
206 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $10 Now $10 · 4% Range high $13
vs 200-day avg -19% vs 50-day avg -17% 50-day below 200-day death cross

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Basic FFO per weighted average share of common stock and Non-controlling OP Unit non-GAAP $0.38 For the three months ended June 30, 2026 filing —
Core FFO available to common stockholders and Non-controlling OP Unitholders - basic non-GAAP $18.23M Q2 FY2026 —
Core FFO available to common stockholders and Non-controlling OP Unitholders - diluted non-GAAP $18.33M Q2 FY2026 —
Diluted FFO per weighted average share of common stock and Non-controlling OP Unit non-GAAP $0.38 For the three months ended June 30, 2026 filing —
Distributions declared per share of common stock and Non-controlling OP Unit non-GAAP $0.3 For the three months ended June 30, 2026 filing —
FFO available to common stockholders and Non-controlling OP Unitholders - basic non-GAAP $18.19M For the three months ended June 30, 2026 filing —
FFO available to common stockholders and Non-controlling OP Unitholders - diluted non-GAAP $18.29M Q2 FY2026 —
FFO available to common stockholders and Non-controlling OP Unitholders plus assumed conversions non-GAAP $18.29M For the three months ended June 30, 2026 filing —
Properties owned 151 Q2 FY2026 —
Square feet leased 98.7% Q2 FY2026 —
Square feet owned 17,669,871 Q2 FY2026 —
Weighted average shares of common stock and Non-controlling OP Units outstanding - basic 48,446,593 Q2 FY2026 —
Weighted average shares of common stock and Non-controlling OP Units outstanding - diluted 48,768,526 Q2 FY2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Diversified — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
GOOD
Gladstone Commercial Corp
this stock
$484.34M -6.6% +8.0% 76.7 9.0%
VICI
Vici Properties Inc.
$27.54B -11.1% +4.1% 11.5 2.7%
WPC
W. P. Carey Inc.
$15.11B +2.0% +8.4% 23.2 3.9%
BNL
Broadstone Net Lease, Inc.
$3.38B +1.3% +5.2% 23.2 10.6%
GNL
Global Net Lease, Inc.
$1.47B -23.5% -13.1% — 6.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
213
% held
55.2%
Reported
182 of 206
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
160
View
Short & Settlement
Short Interest Falling
Shares short
4.4M
Days to cover
8.1d
Change
-67.5K sh
View
Short Volume
Short vol %
60%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
10.7K
Value
$137.5K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
31.9%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Cluster buy
Net (90d)
+$188.8K
Buyers / Sellers
3 / 0
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$161.3M
Net income (FY)
$19.3M
EPS diluted
$0.14
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 3, 2026
This year
16

Gladstone Commercial Corporation reported third-quarter results for the period ended September 30, 2026: Core FFO was $16.9 million, down 7.8%, while net loss attributable to common stockholders and Non-controlling OP Unitholders was $5.2 million, or $0.11 per share.

View
Earnings & Events
Webcasts
Last webcast
Nov 4, 2026
View
Investor Relations
Latest news
Gladstone Commercial Corporation…
Published
Nov 3, 2026
View

Performance

5D 20D 120D MTD YTD
GOOD -1.8% -20.1% -22.6% -12.8% -6.6%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -4.4% -18.9% -23.1% -12.6% -17.2%

Capital returns

Latest dividend
$0.10 / share · ex Oct 23, 2026
Declared · upcoming
$0.10 / share · ex Nov 19, 2026
Cut 20%
Paid (TTM)
$1.20 / share · 12 payouts
Dividend yield (TTM, derived)
12.04%
Full dividend history

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1234006 CUSIP 376536108 13F (30d) 173 filings 155 filers Visit website Investor relations