Gladstone Commercial (GOOD)
Market Price (12/30/2025): $10.565 | Market Cap: $495.3 MilSector: Real Estate | Industry: Diversified REITs
Gladstone Commercial (GOOD)
Market Price (12/30/2025): $10.565Market Cap: $495.3 MilSector: Real EstateIndustry: Diversified REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 19% | Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -104% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 168% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 61%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 61% | Key risksGOOD key risks include [1] high financial leverage and debt, Show more. | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% | ||
| Low stock price volatilityVol 12M is 21% | ||
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, Sustainable & Green Buildings, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 19% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 61%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 61% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26% |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, Sustainable & Green Buildings, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -104% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 168% |
| Key risksGOOD key risks include [1] high financial leverage and debt, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Significant Q3 2025 Earnings Per Share (EPS) Miss: Gladstone Commercial reported Q3 2025 earnings per share (EPS) of $0.02, which represented an 80% negative surprise compared to the analysts' forecast of $0.10. This substantial miss in earnings likely contributed to a decline in investor confidence.
2. Unreliable Dividend Payer with High Payout Ratio: The company's payout ratio, based on adjusted earnings, was a high 150%, and based on free cash flow, it was 76.4%. Such a high payout ratio against earnings can signal an unsustainable dividend. Furthermore, Gladstone Commercial has not increased its dividend in recent years and has experienced annual dividend decreases of -4.59% over five years and -2.26% over ten years, indicating a history of unreliability for dividend investors.
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Stock Movement Drivers
Fundamental Drivers
The -11.2% change in GOOD stock from 9/29/2025 to 12/29/2025 was primarily driven by a -27.1% change in the company's Net Income Margin (%).| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 11.88 | 10.55 | -11.23% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 153.64 | 155.25 | 1.05% |
| Net Income Margin (%) | 18.64% | 13.59% | -27.10% |
| P/E Multiple | 19.18 | 23.45 | 22.23% |
| Shares Outstanding (Mil) | 46.22 | 46.88 | -1.42% |
| Cumulative Contribution | -11.24% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| GOOD | -11.2% | |
| Market (SPY) | 3.6% | 27.2% |
| Sector (XLRE) | -3.2% | 48.4% |
Fundamental Drivers
The -22.6% change in GOOD stock from 6/30/2025 to 12/29/2025 was primarily driven by a -19.8% change in the company's Net Income Margin (%).| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.63 | 10.55 | -22.62% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 151.17 | 155.25 | 2.70% |
| Net Income Margin (%) | 16.94% | 13.59% | -19.81% |
| P/E Multiple | 23.75 | 23.45 | -1.26% |
| Shares Outstanding (Mil) | 44.61 | 46.88 | -5.09% |
| Cumulative Contribution | -22.82% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| GOOD | -22.6% | |
| Market (SPY) | 11.6% | 31.2% |
| Sector (XLRE) | -1.2% | 57.9% |
Fundamental Drivers
The -27.9% change in GOOD stock from 12/29/2024 to 12/29/2025 was primarily driven by a -20.1% change in the company's P/E Multiple.| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 14.63 | 10.55 | -27.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 147.92 | 155.25 | 4.95% |
| Net Income Margin (%) | 14.43% | 13.59% | -5.86% |
| P/E Multiple | 29.33 | 23.45 | -20.05% |
| Shares Outstanding (Mil) | 42.79 | 46.88 | -9.55% |
| Cumulative Contribution | -28.56% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| GOOD | -27.9% | |
| Market (SPY) | 16.6% | 44.7% |
| Sector (XLRE) | 2.6% | 68.0% |
Fundamental Drivers
The -25.8% change in GOOD stock from 12/30/2022 to 12/29/2025 was primarily driven by a -49.7% change in the company's P/E Multiple.| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 14.21 | 10.55 | -25.77% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 147.07 | 155.25 | 5.56% |
| Net Income Margin (%) | 8.19% | 13.59% | 65.82% |
| P/E Multiple | 46.59 | 23.45 | -49.68% |
| Shares Outstanding (Mil) | 39.50 | 46.88 | -18.66% |
| Cumulative Contribution | -28.35% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| GOOD | -5.3% | |
| Market (SPY) | 47.9% | 40.8% |
| Sector (XLRE) | 7.4% | 66.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GOOD Return | -10% | 54% | -23% | -22% | 33% | -29% | -20% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| GOOD Win Rate | 50% | 75% | 33% | 33% | 50% | 42% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| GOOD Max Drawdown | -64% | -2% | -38% | -40% | -8% | -30% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | GOOD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.9% | -25.4% |
| % Gain to Breakeven | 137.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.4% | -33.9% |
| % Gain to Breakeven | 188.9% | 51.3% |
| Time to Breakeven | 447 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.2% | -19.8% |
| % Gain to Breakeven | 37.4% | 24.7% |
| Time to Breakeven | 561 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.0% | -56.8% |
| % Gain to Breakeven | 244.8% | 131.3% |
| Time to Breakeven | 1,493 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Gladstone Commercial's stock fell -57.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -57.9% loss requires a 137.7% gain to breakeven.
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AI Analysis | Feedback
- McDonald's for commercial real estate
- A utility for commercial properties
AI Analysis | Feedback
```htmlGladstone Commercial (GOOD) Major Services:
- Commercial Real Estate Leasing: Provides office and industrial properties for lease to businesses, primarily through triple-net and other long-term lease agreements.
AI Analysis | Feedback
Gladstone Commercial (symbol: GOOD) is a Real Estate Investment Trust (REIT) that owns and leases commercial properties, primarily office and industrial. Therefore, its customers are other companies that lease space from them.
Major customer companies (tenants), based on recent financial reports and investor presentations, include:
- General Motors Corporation (NYSE: GM)
- The Hartford Financial Services Group, Inc. (NYSE: HIG)
- Iron Mountain Incorporated (NYSE: IRM)
- Lowe's Companies, Inc. (NYSE: LOW)
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David Gladstone, Chairman and Chief Executive Officer
Mr. Gladstone is the Founder of Gladstone Commercial Corporation, having served as its Chief Executive Officer and Chairman of the Board since its inception in 2003. He also founded and continues to serve as Chief Executive Officer and Chairman of the board of directors for several Gladstone affiliates, including Gladstone Capital Corporation, Gladstone Investment Corporation, and Gladstone Land Corporation. Prior to founding the Gladstone family of companies in 2001, Mr. Gladstone served as either Chairman or Vice Chairman of American Capital, Ltd., a publicly-traded leveraged buyout fund and mezzanine debt finance company, from 1997 to 2001. From 1974 to 1997, he held various positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation and its affiliates, which were a group of publicly-traded mezzanine debt funds. He managed the growth of Allied Capital Commercial Corporation, a publicly-traded REIT, from its initial public offering to $385 million in assets at the time of its merger into Allied Capital Corporation in 1997. Mr. Gladstone was also the founder and managing member of The Capital Investors, LLC, a group of angel investors.
Gary Gerson, Chief Financial Officer and Assistant Treasurer
Mr. Gerson was appointed Chief Financial Officer of Gladstone Commercial in June 2021, having previously served as Interim Chief Financial Officer from March 2021 until June 2021. He also served as the Treasurer for the Gladstone Companies from February 2006 until January 2012. Before rejoining Gladstone Commercial in 2021, Mr. Gerson was Chief Financial Officer of Spotted Hawk Development, LLC, an Apollo Investment Corporation portfolio company, from February 2013 to August 2020.
Buzz Cooper, President
Mr. Cooper joined the Gladstone Companies at their inception in June 2001 and Gladstone Commercial Corporation at its initial public offering in 2003. He became the sole President of the Company on July 1, 2022, following his appointment as Co-President in January 2022. Previously, he served as the Chief Investment Officer of the Company. During his tenure, Mr. Cooper has been responsible for acquiring the majority of the Company's real estate portfolio. Prior to joining Gladstone, he was a Senior Vice President and Principal of Allied Capital Corporation and its affiliate funds from 1986 to 2000, where he was responsible for originating commercial real estate loans and servicing a portfolio of over $300 million in debt instruments and mortgages.
Jay Beckhorn, Treasurer
Mr. Beckhorn was appointed Treasurer in January 2015 and previously served as Assistant Treasurer from July 2014. He also serves as Treasurer for Gladstone Land Corporation and Assistant Treasurer for Gladstone Capital Corporation and Gladstone Investment Corporation. Mr. Beckhorn joined the Gladstone Companies in January 2013 as Managing Director, Finance.
EJ Wislar, Chief Investment Officer
Mr. Wislar was appointed Chief Investment Officer of Gladstone Commercial Corporation, effective July 12, 2022. He joined the Company in 2018 and continues to serve as Head of the Southeast and Northeast Regions, overseeing acquisitions, asset management, and regional profit and loss. Mr. Wislar has over nine years of experience in the commercial lending and commercial real estate industries.
AI Analysis | Feedback
The public company Gladstone Commercial (GOOD) faces several key risks to its business, primarily centered around its financial structure and profitability. The most significant risks include high financial leverage, challenges in sustaining profitability, and the potential for dividend cuts.
- Financial Leverage and Debt: Gladstone Commercial carries a significant amount of financial leverage and a high debt-to-equity ratio, which poses a substantial risk to its financial stability. The company faces concerns regarding debt sustainability, increased interest costs, and potential refinancing risks. Interest payments have also been noted as not being well covered by earnings.
- Inability to Sustain Profitability and Shrinking Profit Margins: Gladstone Commercial has demonstrated struggles with sustained profitability, and analysts forecast shrinking profit margins. This trend could challenge the long-term durability of returns and impact the company's overall financial health.
- Potential for Dividend Cuts: Due to its mixed financial performance and a high payout ratio, there is a recognized risk of potential dividend cuts. For a real estate investment trust (REIT) like Gladstone Commercial, a reduction in dividends can be a significant concern for investors.
AI Analysis | Feedback
The widespread and ongoing adoption of remote and hybrid work models poses a significant emerging threat. This fundamental shift in how companies utilize physical space for employees directly reduces the demand for traditional office properties, potentially leading to increased vacancy rates, downward pressure on rental income, and diminished asset values within Gladstone Commercial's office portfolio.
AI Analysis | Feedback
Gladstone Commercial (GOOD) is a real estate investment trust (REIT) that primarily acquires, owns, and manages single-tenant net-leased industrial and office properties across the United States.
The total addressable market for commercial real estate in the U.S., encompassing various property types including industrial and office, was estimated at approximately $22.5 trillion in the fourth quarter of 2023. This figure represents the total asset value of the commercial real estate sector.
Within this broader market, Gladstone Commercial focuses on the industrial and office sectors. As of 2022, storage facilities and warehouses, which fall under industrial properties, accounted for 17% of the overall U.S. commercial real estate buildings. The industrial and logistics sectors are also noted for strong demand and growth.
AI Analysis | Feedback
Gladstone Commercial (GOOD) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Acquisitions and Leasing Activity: The company's revenue growth is significantly influenced by its ongoing acquisition strategy, particularly in the industrial sector, and successful leasing activities. For instance, Core FFO growth in Q3 2025 was attributed to revenues from year-to-date acquisitions and leasing. In Q3 2025, Gladstone Commercial acquired a six-facility industrial portfolio and executed leasing activities on 734,000 square feet, generating an incremental $1.1 million in straight-line rental income. This trend of strategic acquisitions and effective leasing was also evident in Q4 2024. * Strategic Shift to Industrial Properties: Gladstone Commercial is actively focusing on expanding its industrial real estate portfolio while divesting from office properties. This strategic pivot is anticipated to boost revenue due to the higher returns and inherent stability of the industrial sector. By Q3 2025, the concentration of industrial properties within its portfolio increased to 69% of its annual straight-line rents. * Rent Increases and Same-Store Rent Growth: Organic growth from existing properties through rent increases is a consistent driver. The company has observed a 2% annual increase in same-store rents in recent years and anticipates this upward trend to persist. In Q3 2025, same-store lease revenue saw a 3.1% increase compared to the same period in 2024, primarily due to higher recovery revenue from property expenses and elevated rental rates resulting from leasing activities. * Expansion into New Geographic Markets: There is an identified opportunity for Gladstone Commercial to expand into new markets, such as the West Coast states like California, where its current portfolio exposure is limited. Such expansion, if executed with improved capital efficiencies, could diversify its portfolio and increase annualized base rent. * High Occupancy Rates and Long-Term Leases: While not a direct growth driver, the company's consistently high occupancy rates and long-weighted average lease terms provide a robust and predictable revenue foundation that supports other growth initiatives. In Q3 2025, the portfolio occupancy rate reached 99.1%, with a weighted average lease term of 7.5 years. Furthermore, over 52% of the portfolio's rents are not set to expire until after 2030, ensuring a stable income stream.AI Analysis | Feedback
Share Repurchases
- On December 12, 2022, Gladstone Commercial's board authorized a share repurchase program for up to $20,000,000 each of its 6.625% Series E Cumulative Redeemable Preferred Stock and 6.00% Series G Cumulative Redeemable Preferred Stock. This authorization expired on December 6, 2023.
Share Issuance
- During the third quarter of 2025, Gladstone Commercial issued 1,891,807 shares of common stock under its at-the-market (ATM) program for net proceeds of $23.0 million.
- As of October 1, 2025, the company had sold approximately 6,271,144 shares, generating around $93.5 million, with $156.5 million in shares still available for sale under its current registration statement.
- In 2024, the company was active in issuing common stock through its at-the-market program and Series F Preferred Stock via bimonthly closings of a registered non-traded continuous offering. A new $250.0 million ATM equity offering sales agreement for common stock was established in March 2023 and amended in March 2024.
Outbound Investments
- In October 2025, Gladstone Commercial acquired an industrial portfolio totaling 693,236 square feet across six locations in Michigan, Indiana, and Georgia for $54.5 million, simultaneously leasing the facilities back to TI Automotive under a 20-year absolute net lease.
- During the second quarter of 2025, the company acquired two industrial facilities for $73 million, contributing to $79 million in total industrial acquisitions for the quarter.
- Gladstone Commercial's strategy involves focusing on acquiring high-quality industrial assets to increase its portfolio concentration to 70% and disposing of non-core office properties as part of its capital recycling program.
Capital Expenditures
- Gladstone Commercial reported $0.00 million in Capital Expenditure for the three months ended June 2025.
Trade Ideas
Select ideas related to GOOD. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -0.1% | -0.1% | -5.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Gladstone Commercial
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.06 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.5% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
| Market Price | $10.55 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 08/14/2003 | |
| Distance from 52W High | -30.1% | |
| 50 Days | 200 Days | |
| DMA Price | $10.86 | $12.46 |
| DMA Trend | down | down |
| Distance from DMA | -2.8% | -15.4% |
| 3M | 1YR | |
| Volatility | 23.7% | 21.0% |
| Downside Capture | 89.40 | 65.35 |
| Upside Capture | 15.70 | 22.92 |
| Correlation (SPY) | 26.8% | 44.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.08 | 0.70 | 0.72 | 0.75 | 0.51 | 0.65 |
| Up Beta | -0.38 | 0.45 | 0.82 | 0.99 | 0.47 | 0.51 |
| Down Beta | 0.53 | 0.28 | 0.38 | 0.49 | 0.56 | 0.75 |
| Up Capture | 140% | 47% | 19% | 27% | 17% | 25% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 18 | 25 | 55 | 114 | 369 |
| Down Capture | 158% | 126% | 134% | 126% | 81% | 94% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 23 | 37 | 69 | 131 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of GOOD With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| GOOD | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -27.5% | 2.6% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 20.9% | 16.8% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | -1.63 | -0.02 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 67.8% | 44.4% | 12.4% | 18.0% | 70.7% | 13.1% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of GOOD With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| GOOD | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -2.6% | 5.7% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 24.7% | 19.1% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | -0.12 | 0.21 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 65.8% | 48.6% | 13.6% | 13.1% | 69.0% | 15.2% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of GOOD With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| GOOD | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.8% | 6.4% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 32.3% | 20.6% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.23 | 0.28 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 62.8% | 50.7% | 8.6% | 21.0% | 69.2% | 13.0% | |
ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2025 | -6.1% | -3.7% | -3.7% |
| 8/6/2025 | -0.2% | 2.5% | 2.0% |
| 5/7/2025 | -0.4% | 1.8% | 5.3% |
| 2/18/2025 | 0.8% | 1.4% | -5.9% |
| 11/4/2024 | 6.4% | 7.7% | 9.6% |
| 8/6/2024 | 1.3% | 1.7% | 6.6% |
| 5/6/2024 | 5.9% | 7.1% | 7.4% |
| 2/21/2024 | 0.1% | -3.0% | 9.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 16 |
| # Negative | 12 | 13 | 8 |
| Median Positive | 1.5% | 2.5% | 7.0% |
| Median Negative | -1.5% | -3.2% | -5.7% |
| Max Positive | 11.7% | 8.1% | 11.3% |
| Max Negative | -6.1% | -14.6% | -30.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/03/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/06/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/07/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/18/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/04/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/06/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/06/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/21/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/06/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/08/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/03/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/22/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/07/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/01/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/04/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/15/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.