Gladstone Commercial (GOOD) Total Operating Expenses (2009 - 2026)
Gladstone Commercial (GOOD) recorded Operating Expenses of $33.24 million in Q3 2026, up 24.4% from $26.73 million a year earlier and up 26.6% from the prior quarter.
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Analysis
Gladstone Commercial (GOOD) Total Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Gladstone Commercial's Operating Expenses came in at $111.8 million as of Sep 30, 2026, up 9.3% year-over-year; for FY2025, it was $102.91 million, down 2.1% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 0.6% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $105.07 million in FY2024 (-9.5%), $116.1 million in FY2023 (-0.1%), $116.25 million in FY2022 (+14.4%) and $101.65 million in FY2021 (+1.8%).
- The Q3 2026 figure is the highest quarterly Operating Expenses since Q2 2023.
- On a year-over-year basis, Operating Expenses has increased for four consecutive quarters, with growth averaging 2.3% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 46.0% in Q3 2022, against a decline of 22.2% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $26.26 million (Q2 2026), $25.84 million (Q1 2026) and $26.47 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Gladstone Commercial | 484.31 Mn | 614.46 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.24 Mn |
| Jun 30, 2026 | 26.26 Mn |
| Mar 31, 2026 | 25.84 Mn |
| Dec 31, 2025 | 26.47 Mn |
| Sep 30, 2025 | 26.73 Mn |
| Jun 30, 2025 | 25.86 Mn |
| Mar 31, 2025 | 23.86 Mn |
| Dec 31, 2024 | 25.82 Mn |
| Sep 30, 2024 | 28.94 Mn |
| Jun 30, 2024 | 26.22 Mn |
| Mar 31, 2024 | 24.09 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 | 25.37 Mn |
API Access
Gladstone Commercial Total Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=GOOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-operating-expenses", "ticker": "GOOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=GOOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();