The engine's output on this name is uniformly weak: quality sits below its floor, momentum has failed its gate, volatility is elevated, and the risk/reward setup offers no clear edge - together supporting a recommendation to reduce or exit exposure rather than add to the position.
Thesis pillars
- Quality Below Floor Piotroski→Stable
- Momentum Gate Failure→Stable
- Elevated Volatility Risk→Stable
- +2 more pillars — see the Why tab for full reasoning
Gladstone Commercial Corporatio (GOODO) Stock Analysis
Unknown · Unknown
Sell if holding. Engine safety override at $20.38: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: Below-average business quality.
Gladstone Commercial Corporation is a REIT that acquires, owns, and manages primarily single-tenant industrial and office properties under long-term net leases, with 151 properties totaling 17.7 million square feet across 27 states and a 99.1% occupancy rate as of February 18,... Read more
Sell if holding. Engine safety override at $20.38: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.0/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About Gladstone Commercial Corporatio
About Gladstone Commercial Corporatio
Gladstone Commercial owned 151 industrial and office properties totaling 17.7 million square feet across 27 states as of February 18, 2026, with occupancy at 99.1% and an average remaining lease term of 7.3 years. The REIT's five largest tenants accounted for approximately 17.2% of total lease revenue, and industry concentration topped out at 15.2% in Automotive, followed by 12.6% in Diversified/Conglomerate Services, 9.6% in Buildings and Real Estate, and 8.7% in Telecommunications.
Gladstone earns revenue almost entirely from net leases with terms of roughly seven to 20 years and built-in rental escalations, under which tenants pay most or all operating costs, maintenance, insurance, and real estate taxes; a majority of leases carry fixed rent escalations, with some tied to the consumer price index. The company caps any single acquisition at less than 5% of consolidated total assets and limits industry concentration to 20% without investment-committee approval, funding growth through equity (including at-the-market common and Series F preferred stock programs), a bank-syndicated Credit Facility -- $437.4 million outstanding at a 5.42% weighted average rate as of December 31, 2025 -- non-recourse mortgage debt ($250.2 million outstanding, none with recourse to the company), and a December 2025 private placement of $85.0 million in 5.99% senior unsecured notes due 2030. Gladstone is externally managed by Gladstone Management Corporation, an affiliate that also advises sister REIT and BDC entities including Gladstone Land, Gladstone Capital, and Gladstone Investment.
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Gladstone's tenant base skews toward lower middle market companies with limited public information: as of December 31, 2025, only 35% of lease revenue came from tenants rated by a nationally recognized statistical rating organization, meaning the majority of the portfolio's credit risk rests on the Adviser's internal underwriting rather than third-party ratings. That risk concentrates further at the industry level -- Automotive alone supplied 15.2% of lease revenue, just under the company's self-imposed 20% single-industry cap that requires investment-committee approval to exceed -- so a downturn specific to auto suppliers or dealers would disproportionately hit results relative to a more evenly diversified net-lease REIT.
From Gladstone Commercial Corporatio's most recent 10-K filing, extracted July 6, 2026.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- LOWTenanttop five tenants17%10-K Item 1A: 'our five largest tenants accounted for approximately 17.2% of our total lease revenue.'
- LOWTenantAutomotive industry tenants15%10-K Item 1A: 'As of December 31, 2025, 15.2% was earned from tenants in the Automotive industry'
- LOWTenantDiversified/Conglomerate Services industry tenants13%10-K Item 1A: '12.6% of our total lease revenue was earned from tenants in the Diversified/Conglomerate Services industry'
- LOWTenantBuildings and Real Estate industry tenants9.6%10-K Item 1A: '9.6% was earned from tenants in the Buildings and Real Estate industry'
- LOWTenantTelecommunications industry tenants8.7%10-K Item 1A: '8.7% was earned from tenants in the Telecommunications industry.'
Material Events(8-K, last 90d)
- 2026-06-02Item 5.02LOWGeorge 'Chip' Stelljes, III elected to the Board as an independent director effective June 1, 2026, term expiring at the 2028 annual meeting; named to the Compensation, Ethics/Nominating/Corporate Governance, and Valuation Committees. Routine board appointment; no departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $20.38: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.0/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $20.13. Score 5.0/10, moderate confidence.
Take-profit target: $20.11 (-1.4% upside). Prior stop was $20.13. Stop-loss: $20.13.
Quality below floor (2.5 < 4.0).
Gladstone Commercial Corporatio trades at a P/E of 709.7 (forward N/A). TrendMatrix value score: 5.0/10. Verdict: Sell.
10 analysts cover GOODO with a consensus score of 4.1/5.
What does Gladstone Commercial Corporatio do?Gladstone Commercial Corporation is a REIT that acquires, owns, and manages primarily single-tenant industrial and...
Gladstone Commercial Corporation is a REIT that acquires, owns, and manages primarily single-tenant industrial and office properties under long-term net leases, with 151 properties totaling 17.7 million square feet across 27 states and a 99.1% occupancy rate as of February 18, 2026. Its five largest tenants account for approximately 17.2% of total lease revenue, with industry exposure concentrated in Automotive (15.2%), Diversified/Conglomerate Services (12.6%), Buildings and Real Estate (9.6%), and Telecommunications (8.7%). Gladstone funds acquisitions through equity, a bank-syndicated Credi