LOWOutside partyTenant
17.2%
top five tenants
“10-K Item 1A: 'our five largest tenants accounted for approximately 17.2% of our total lease revenue.'”
GOODO · Concentration risk · 10-K extracted
Gladstone Commercial Corporatio (GOODO) concentration risks
Updated
The most significant concentration Gladstone Commercial Corporatio discloses is top five tenants at 17.2%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Gladstone Commercial Corporatio’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH0
MEDIUM0
LOW5
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyTenant
15.2%
Automotive industry tenants
“10-K Item 1A: 'As of December 31, 2025, 15.2% was earned from tenants in the Automotive industry'”
LOWOutside partyTenant
12.6%
Diversified/Conglomerate Services industry tenants
“10-K Item 1A: '12.6% of our total lease revenue was earned from tenants in the Diversified/Conglomerate Services industry'”
LOWOutside partyTenant
9.6%
Buildings and Real Estate industry tenants
“10-K Item 1A: '9.6% was earned from tenants in the Buildings and Real Estate industry'”
LOWOutside partyTenant
8.7%
Telecommunications industry tenants
“10-K Item 1A: '8.7% was earned from tenants in the Telecommunications industry.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06As the preferred equity of Gladstone Commercial, GOODO carries the same underlying tenant-concentration profile as the common shares. The REIT's five largest tenants accounted for approximately 17.2% of total lease revenue, a comparatively small share that indicates no single tenant relationship dominates. Industry concentration is similarly spread: Automotive tenants contributed 15.2%, Diversified/Conglomerate Services tenants 12.6%, Buildings and Real Estate tenants 9.6%, and Telecommunications tenants 8.7% of total lease revenue. Each represents a dependency-type exposure tied to sector-specific demand for the underlying property portfolio, not a structural feature of the business model, and none reaches a scale that alone would drive the credit and coverage picture that matters most for preferred holders. For preferred shareholders, the relevant question is less about concentration risk moving the equity thesis and more about whether lease revenue — spread across this diversified tenant and industry base — remains stable enough to support the distribution; the modest, well-diversified concentration figures here suggest cash flow is not overly reliant on any single tenant relationship or industry vertical.
For the engine’s reasoning on GOODO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Unknown
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| FISV | Fiserv, Inc. | 1 | 0 | 0 | 1 |
| BFH | Bread Financial Holdings, Inc. | 0 | 2 | 3 | 5 |
| DJTWW | Trump Media & Technology Group | 0 | 1 | 0 | 1 |
| HOVNP | Hovnanian Enterprises Inc - Dep | 0 | 1 | 0 | 1 |
| GOODO● | Gladstone Commercial Corporatio | 0 | 0 | 5 | 5 |
| BBBY | Bed Bath & Beyond, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.