Gladstone Commercial (GOOD) Operating Expenses (2010 - 2026)
Gladstone Commercial's (GOOD) quarterly Operating Expenses came in at $25.2 million in Q1 2026, up 5.81% year-on-year from $23.9 million in Q1 2025, and up 1.18% quarter-over-quarter from $24.9 million in Q4 2025.
Gladstone Commercial (GOOD) Operating Expenses (2010 - 2026) Analysis & Trends
Gladstone Commercial's Operating Expenses history runs 17 years deep, the most recent figure standing at $25.2 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 5.81% year-over-year to $25.2 million in Q1 2026; TTM through Mar 2026 was $102.1 million, a 0.13% change from a year earlier, with the FY2025 full-year figure at $101.4 million, down 1.38% from the prior year.
- Operating Expenses grew to $25.2 million in Q1 2026 per GOOD's latest filing, from $24.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $37.2 million in Q3 2022 and bottomed at $23.3 million in Q1 2024.
- The 5-year median for Operating Expenses is $25.9 million (2025), against an average of $27.0 million.
- Across the five-year window, Operating Expenses surged 45.95% in 2022 and slipped 22.97% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $25.7 million in 2022, then grew by 9.44% to $28.1 million in 2023, then retreated by 16.29% to $23.6 million in 2024, then climbed by 5.92% to $24.9 million in 2025, then rose by 1.18% to $25.2 million in 2026.
- Per Business Quant, the three latest GOOD Operating Expenses figures stand at $25.2 million (Q1 2026), $24.9 million (Q4 2025), and $26.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 15.98 Mn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 255.10 Mn |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | 58.06 Mn |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 86.87 Mn |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 85.31 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 160.87 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | 64.12 Mn |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 135.70 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 30.88 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | 25.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.24 Mn |
| Dec 31, 2025 | 24.95 Mn |
| Sep 30, 2025 | 26.02 Mn |
| Jun 30, 2025 | 25.86 Mn |
| Mar 31, 2025 | 23.86 Mn |
| Dec 31, 2024 | 23.55 Mn |
| Sep 30, 2024 | 28.55 Mn |
| Jun 30, 2024 | 25.97 Mn |
| Mar 31, 2024 | 23.32 Mn |
| Dec 31, 2023 | 28.14 Mn |
| Sep 30, 2023 | 29.59 Mn |
| Jun 30, 2023 | 33.72 Mn |
| Mar 31, 2023 | 24.66 Mn |
| Dec 31, 2022 | 25.71 Mn |
| Sep 30, 2022 | 37.16 Mn |
| Jun 30, 2022 | 27.77 Mn |
| Mar 31, 2022 | 25.61 Mn |
| Dec 31, 2021 | 25.39 Mn |
| Sep 30, 2021 | 25.46 Mn |
| Jun 30, 2021 | 24.96 Mn |