Gladstone Commercial is an established real estate investment trust (REIT) that invests in single tenant and anchored multi-tenant net leased assets. As of June 30, 2025, we owned approximately 17.0 million square feet of primarily industrial and office real estate nationwide. We partner with a variety of tenantsfrom middle market private businesses to investment grade rated companies. We acquire properties …
Full GOODN analysis →
Competitive advantage assessment
Key strengths
Strong NOI MarginsNOI margins are strong (score 0.81), demonstrating rent pricing power.
Stable NOI PerformanceNOI stability is excellent (score 0.81), suggesting reliable rent streams.
Key risks
Elevated Leverage RiskLeverage is elevated (score 0.36), raising refinancing risk.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Gladstone Commercial Corporatio ranks #2 of 20
scored companies in REIT - Diversified by moat score — the top 10%.
The widest moat in the group is Gladstone Commercial Corporatio (GOOD)
at 78/100.
Moat scores for companies ranked near GOODN in REIT - Diversified
For a REIT, pricing power is the ability to raise rents at renewal and still keep the space occupied.
AFFO Strength
Score 81
· 18% of the moat score
AFFO — adjusted funds from operations — is the cash a REIT can actually distribute after the recurring capital spending buildings need in order to stay leasable.
Balance Sheet & Cost of Capital
Score 49
· 20% of the moat score
Real estate is bought with borrowed money, so a REIT's cost of capital is its competitive advantage.
Capital Recycling & Growth
Score 91
· 16% of the moat score
REITs grow by issuing shares and debt to buy more property, which creates value only when the yield on the asset exceeds the cost of the capital raised.
Operational Efficiency
Score 81
· 14% of the moat score
Running property — leasing, maintenance, taxes, management — is the part of the business a REIT genuinely controls.
Portfolio Quality & Diversification
Score 83
· 12% of the moat score
Portfolio quality is really a question about what happens when a tenant fails.
What is Gladstone Commercial Corporatio's moat score?
Gladstone Commercial Corporatio (GOODN) scores 78 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 20 scored companies in REIT - Diversified, the top 10%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in REIT - Diversified. Its strongest defense is Capital Recycling & Growth (91/100) and its weakest is Balance Sheet & Cost of Capital (49/100).
How does Gladstone Commercial Corporatio compare with other REIT - Diversified companies?
Gladstone Commercial Corporatio ranks #2 of 20 scored companies in REIT - Diversified by moat score. The widest moat in REIT - Diversified is Gladstone Commercial Corporatio (GOOD) at 78/100. The companies ranked closest are Gladstone Commercial Corporatio (GOOD) at 78 just above it and Broadstone Net Lease, Inc. (BNL) at 77 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — REIT Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in REIT - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is Gladstone Commercial Corporatio scored with the REIT Specialized template?
A REIT is a portfolio of buildings financed with debt and required to distribute most of its taxable income. Reported earnings are dominated by depreciation on assets that often appreciate, so net income says very little; the real question is how much cash the properties distribute, and how securely. The REIT template scores what determines that: rent pricing, distributable cash, cost of capital, and the discipline behind growth.
Which competitive defenses are measured for Gladstone Commercial Corporatio?
The REIT Specialized template measures 6 defenses, and GOODN scores: Rent Pricing Power (81), AFFO Strength (81), Balance Sheet & Cost of Capital (49), Capital Recycling & Growth (91), Operational Efficiency (81), Portfolio Quality & Diversification (83). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.