Gladstone Commercial Corporation 6.00% Series G Cumulative Redeemable Preferred Stock par value $0.001 per share (GOODO)

FairStock Score: 18/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business, not the label. Gladstone Commercial is a real-estate company, and this Series G preferred carries a stated 6.00% cumulative dividend. The enterprise has grown revenue: in FY2023, the year ended 2023-12-31, revenue was $147.6M; in FY2024, the year ended 2024-12-31, revenue was $149.4M; and in FY2025, the year ended 2025-12-31, revenue was $161.3M. Recent quarters are better: in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $41.9M and net income was $7.0M; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $44.0M and net income was $8.3M. But profits are uneven. In FY2024, the year ended 2024-12-31, net income was $24.0M, falling to $19.3M in FY2025, the year ended 2025-12-31, and FY2023 net income was only $5.0M with diluted EPS of -$0.19. Trailing free cash flow is $70.1M, an 8.0% FCF yield per FairStock, which is attractive. Still, FairStock's Altman Z-score of -0.28 suggests financial distress risk and its FairStock Score is 18/100. The Piotroski F-Score is a middling 6/9. At the 2026-10-13 close of $18.02, FairStock shows a P/E of 608.00, PEG of 7.75, and EV/EBITDA of 13.15—not Graham-style bargains. The computed Lynch category is slow grower, with 5.2% profit and 3.9% revenue growth over five years. For a cumulative preferred, safety depends on dividend coverage, which the supplied figures do not show. Price near the 52-week low is not enough margin of safety.

In plain English: Gladstone Commercial is a real-estate company whose Series G preferred stock pays a stated 6.00% cumulative dividend. The business has grown revenue and recent quarterly profits, but earnings have been uneven and the available financial-risk measures look weak. At the 2026-10-13 price of $18.02, the stock is near the low end of its 52-week range, yet profits look small relative to the price and the overall score is only 18 out of 100.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer