Gladstone Commercial Corporation Net Assets
Gladstone Commercial Corporation net assets. Based on the latest financial reports, Gladstone Commercial Corporation (GOOD) has net assets worth $157.48 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.24 Billion) and total liabilities ($1.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Gladstone Commercial Corporation net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $157.48 Million |
| % of Total Assets | 12.67% |
| Annual Growth Rate | 5.52% |
| 5-Year Change | 68.8% |
| 10-Year Change | 42.55% |
| Growth Volatility | 27.17 |
Net Assets of Gladstone Commercial Corporation (2003–2025)
Net assets of Gladstone Commercial Corporation from 2003 to 2025. This chart illustrates how Gladstone Commercial Corporation's net assets have evolved over time, based on quarterly financial data. See Gladstone Commercial Corporation (GOOD) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Gladstone Commercial Corporation (2003–2025)
The table below shows the annual net assets of Gladstone Commercial Corporation from 2003 to 2025. For live market cap and overall valuation, see GOOD market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $341.93 Million | +99.61% |
| 2024-12-31 | $171.30 Million | +11.04% |
| 2023-12-31 | $154.27 Million | -25.00% |
| 2022-12-31 | $205.69 Million | +1.55% |
| 2021-12-31 | $202.56 Million | -6.24% |
| 2020-12-31 | $216.04 Million | +2.37% |
| 2019-12-31 | $211.04 Million | -17.05% |
| 2018-12-31 | $254.42 Million | -4.64% |
| 2017-12-31 | $266.80 Million | +11.22% |
| 2016-12-31 | $239.88 Million | +2.57% |
| 2015-12-31 | $233.87 Million | +7.44% |
| 2014-12-31 | $217.67 Million | +18.85% |
| 2013-12-31 | $183.15 Million | +49.67% |
| 2012-12-31 | $122.36 Million | -9.57% |
| 2011-12-31 | $135.31 Million | +21.49% |
| 2010-12-31 | $111.37 Million | -5.97% |
| 2009-12-31 | $118.45 Million | -9.23% |
| 2008-12-31 | $130.50 Million | -8.34% |
| 2007-12-31 | $142.37 Million | -6.47% |
| 2006-12-31 | $152.22 Million | +53.84% |
| 2005-12-31 | $98.95 Million | -3.64% |
| 2004-12-31 | $102.69 Million | -1.97% |
| 2003-12-31 | $104.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gladstone Commercial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 67285070900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Gladstone Commercial Corporation Net Assets Breakdown (December 2025)
Gladstone Commercial Corporation net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $49.00K | 0.01% |
| Other Comprehensive Income | $3.31 Million | 0.97% |
| Other Components | $1.01 Billion | 295.96% |
| Total Equity | $341.81 Million | 100.00% |
Gladstone Commercial Corporation Competitors by Market Cap
The table below lists competitors of Gladstone Commercial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apple Flavor&Fragrance Grp
SHG:603020
|
$553.52 Million |
|
Skandinaviska Enskilda Banken AB (publ)
ST:SEB-C
|
$553.63 Million |
|
Chenming Mold Industrial Corp
TW:3013
|
$553.85 Million |
|
Beijing Tieke Shougang Railway Tech Co Ltd
SHG:688569
|
$553.96 Million |
|
Guaranty Bancshares, Inc.
NYSE:GNTY
|
$553.20 Million |
|
Xinjiang Baihuacun Co Ltd
SHG:600721
|
$553.15 Million |
|
Shandong Ruifeng Chemical Co Ltd
SHE:300243
|
$553.09 Million |
|
M31 Technology Corp
TWO:6643
|
$552.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gladstone Commercial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 171,171,000 to 341,811,000, a change of 170,640,000 (99.7%).
- Net income of 19,292,000 contributed positively to equity growth.
- Dividend payments of 68,173,000 reduced retained earnings.
- Share repurchases of 4,500,000 reduced equity.
- New share issuances of 62,182,000 increased equity.
- Other comprehensive income decreased equity by 7,334,000.
- Other factors increased equity by 169,173,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.29 Million | +5.64% |
| Dividends Paid | $68.17 Million | -19.94% |
| Share Repurchases | $4.50 Million | -1.32% |
| Share Issuances | $62.18 Million | +18.19% |
| Other Comprehensive Income | $-7.33 Million | -2.15% |
| Other Changes | $169.17 Million | +49.49% |
| Total Change | $- | 99.69% |
Book Value vs Market Value Analysis
This analysis compares Gladstone Commercial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.16x to 1.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $72.34 | $11.43 | x |
| 2004-12-31 | $13.32 | $11.43 | x |
| 2005-12-31 | $12.81 | $11.43 | x |
| 2006-12-31 | $19.06 | $11.43 | x |
| 2007-12-31 | $16.62 | $11.43 | x |
| 2008-12-31 | $15.24 | $11.43 | x |
| 2009-12-31 | $13.83 | $11.43 | x |
| 2010-12-31 | $12.95 | $11.43 | x |
| 2011-12-31 | $13.15 | $11.43 | x |
| 2012-12-31 | $11.06 | $11.43 | x |
| 2013-12-31 | $13.62 | $11.43 | x |
| 2014-12-31 | $12.25 | $11.43 | x |
| 2015-12-31 | $10.71 | $11.43 | x |
| 2016-12-31 | $10.34 | $11.43 | x |
| 2017-12-31 | $10.12 | $11.43 | x |
| 2018-12-31 | $8.71 | $11.43 | x |
| 2019-12-31 | $6.78 | $11.43 | x |
| 2020-12-31 | $6.16 | $11.43 | x |
| 2021-12-31 | $5.51 | $11.43 | x |
| 2022-12-31 | $5.19 | $11.43 | x |
| 2023-12-31 | $3.84 | $11.43 | x |
| 2024-12-31 | $4.10 | $11.43 | x |
| 2025-12-31 | $7.24 | $11.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gladstone Commercial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.96%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.65x
- Recent ROE (5.64%) is above the historical average (3.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -0.23% | -76.20% | 0.00x | 1.00x | $-10.72 Million |
| 2004 | 1.58% | 37.66% | 0.04x | 1.03x | $-8.65 Million |
| 2005 | 3.64% | 26.75% | 0.07x | 2.09x | $-6.29 Million |
| 2006 | 2.87% | 16.85% | 0.08x | 2.07x | $-10.85 Million |
| 2007 | 4.31% | 18.72% | 0.09x | 2.66x | $-8.10 Million |
| 2008 | 3.76% | 12.01% | 0.10x | 3.29x | $-8.14 Million |
| 2009 | 3.89% | 10.80% | 0.10x | 3.52x | $-7.24 Million |
| 2010 | 4.42% | 11.75% | 0.10x | 3.69x | $-6.21 Million |
| 2011 | 4.22% | 12.99% | 0.10x | 3.35x | $-7.82 Million |
| 2012 | 3.07% | 7.34% | 0.09x | 4.62x | $-8.48 Million |
| 2013 | -1.57% | -4.67% | 0.09x | 3.77x | $-21.18 Million |
| 2014 | -2.71% | -8.00% | 0.09x | 3.62x | $-27.67 Million |
| 2015 | 1.54% | 4.29% | 0.10x | 3.56x | $-19.79 Million |
| 2016 | 1.65% | 4.58% | 0.10x | 3.55x | $-20.03 Million |
| 2017 | 2.23% | 6.26% | 0.10x | 3.48x | $-20.74 Million |
| 2018 | 4.93% | 11.54% | 0.11x | 3.76x | $-12.65 Million |
| 2019 | 4.63% | 8.42% | 0.11x | 4.99x | $-11.19 Million |
| 2020 | 7.01% | 11.22% | 0.12x | 5.15x | $-6.38 Million |
| 2021 | 5.43% | 7.94% | 0.12x | 5.68x | $-9.20 Million |
| 2022 | 5.30% | 7.25% | 0.12x | 5.90x | $-9.59 Million |
| 2023 | 3.25% | 3.38% | 0.13x | 7.39x | $-10.34 Million |
| 2024 | 14.02% | 16.06% | 0.14x | 6.39x | $6.88 Million |
| 2025 | 5.64% | 11.96% | 0.13x | 3.65x | $-14.89 Million |
Industry Comparison
This section compares Gladstone Commercial Corporation's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $593,045,706
- Average return on equity (ROE) among peers: 1.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gladstone Commercial Corporation (GOOD) | $157.48 Million | -0.23% | 6.89x | $553.30 Million |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $1.34 Billion |
| Armada Hflr Pr (AHH) | $161.91 Million | 4.75% | 2.65x | $487.33 Million |
| Armada Hoffler Properties, Inc. (AHRT) | $420.28 Million | 5.01% | 1.48x | $453.53 Million |
| Broadstone Net Lease Inc (BNL) | $2.48 Billion | 2.06% | 0.72x | $3.28 Billion |
| CTO Realty Growth Inc (CTO) | $31.10 Million | 20.58% | 0.98x | $738.84 Million |
| Empire State Realty Trust Inc (ESRT) | $1.73 Billion | 3.08% | 1.44x | $841.03 Million |
| FrontView REIT, Inc. (FVR) | $197.07 Million | -0.56% | 2.92x | $411.59 Million |
| Generation Income Properties Inc (GIPR) | $5.03 Million | -9.06% | 2.03x | $898.99K |
| Global Net Lease, Inc. (GNL) | $122.72 Million | -5.70% | 0.75x | $1.61 Billion |
About Gladstone Commercial Corporation
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2026, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. Gladstone Commercial Corporation was established on February 14, … Read more