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Q2 26 EPS
$N/A
Q2 26 Revenue
N/A
vs S&P Since Q2 26
-39.3%
TRAILING MARKET
GOOD -39.4% vs S&P -0.1%
Market Reaction
Did GOOD Beat Earnings? Q2 2026 Results
Gladstone Commercial delivered a mixed but broadly encouraging first quarter for fiscal 2026, posting earnings per share of $0.08 against a consensus estimate of $0.07, a 14.29% beat, even as revenue of $41.91 million came in slightly below the $42.9… Read more Gladstone Commercial delivered a mixed but broadly encouraging first quarter for fiscal 2026, posting earnings per share of $0.08 against a consensus estimate of $0.07, a 14.29% beat, even as revenue of $41.91 million came in slightly below the $42.94 million analysts had expected, a gap of 2.39%. The top line nonetheless reflected an 11.8% year-over-year gain, underscoring the company's steady portfolio expansion. The EPS outperformance was driven in large part by lower other expenses and a 4.3% sequential decline in total operating expenses, which helped net income available to common stockholders climb 71.5% from the prior quarter to $3.84 million. Portfolio fundamentals remained a clear bright spot, with 98.7% of square footage leased across 151 properties and 100% cash rent collection maintained through April. Looking ahead, management is pressing forward with a capital recycling strategy, selling non-core assets to reduce leverage and redeploy proceeds into industrial properties in target growth markets, while expressing confidence in tenant credit quality despite ongoing macroeconomic headwinds.
Key Takeaways
- • 100% cash rent collection during Q1 2026 and April 2026
- • 98.7% portfolio lease rate across 151 properties
- • 805,622 square feet leased or renewed with five tenants during Q1
- • Lower net incentive fee in the current period
- • Decrease in interest expense from deferred financing fees written off in prior period
GOOD Forward Guidance & Outlook
The company plans to continue its capital recycling program, selling non-core assets and redeploying proceeds to de-lever the portfolio and acquire properties in target growth markets with a focus on industrial investment opportunities. Management expects same-store rents to continue rising, having increased by 2% or greater annually in recent years. While acknowledging challenges from inflation, rising interest rates, and geopolitical and economic uncertainty, management expressed confidence in tenant credit quality and expects tenants to navigate the current economic climate successfully. The company is actively marketing remaining vacant space and anticipates positive outcomes. Management expects continued access to debt and equity markets for added liquidity.
GOOD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Our financial results reflect consistent performance and stabilized revenues from our tremendous same store property occupancy, rent collection and growth, accretive real estate investments, and our ability to renew tenants. We plan to continue our capital recycling program, whereby we sell non-core assets and use the proceeds to de-lever our portfolio, as well as to acquire properties in our target growth markets.”
— Buzz Cooper, Q2 2026 Earnings Press Release
GOOD Earnings Trends
GOOD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOD EPS Trend
Earnings per share: estimate vs actual
GOOD Revenue Trend
Quarterly revenue: estimate vs actual
GOOD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $0.07 | $0.08 | +14.29% | $41.9M | -2.39% |
| Q4 25 BEAT FY | $0.02 | $0.05 | +150.00% | $43.5M | +5.41% |
| FY Full Year | — | $0.14 | — | $161.3M | — |
| Q3 25 MISS | $0.04 | $0.02 | -50.00% | $40.8M | +1.55% |
| Q2 25 MISS | $0.06 | $0.03 | -50.00% | $39.5M | +3.17% |
| Q1 25 MISS | $0.05 | $0.04 | -20.00% | $37.5M | +0.45% |