GOODGLADSTONE COMMERCIAL CORP
Lessors Of Real Property, NEC · $553M market cap
4.4×
More likely than average to be taken private
Top 1% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
4of 15 firedHow well they predict deals →
- Shareholder dissentYes54% lowest supportAny vote under 80% support
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Buyout-sizedYes$553M market capMarket cap $500M–$5B
- Recurring revenueYes9 of 1010-K business scored 7+ of 10 for recurring revenue
11 other checks
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo457% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo77% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Net cashNo—More cash than debt, positive EBITDA
- AI-rollup shapedNo0 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$180K netNet sales over $10M in 12 months
Key numbers
- Revenue
- $161M
- 8.0% YoY
- Operating margin
- —
- EBITDA
- —
- Net debt / EBITDA
- —
- $842M net debt
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $138M | $149M | $148M | $149M | $161M | 8.0% |
| Net income | $11M | $11M | $5M | $24M | $19M | 20% |
| Operating cash flow | $70M | $69M | $60M | $57M | $88M | 55% |
| Buybacks | — | $0 | $998K | $0 | $0 | |
| Dividends | $68M | $71M | $61M | $63M | $68M | 8.6% |
13D filers
None on file.
Insider trading
+$180Knet buying by insiders, open market, last 12 months
Bought $180K · 13 tradesSold $0 · 0 trades
Pay vs performance
No pay-versus-performance disclosure yet.