Gladstone Commercial (GOODN) Operating Expenses (2010 - 2026)

Gladstone Commercial (GOODN) recorded quarterly Operating Expenses of $25.2 million in Q1 2026, down 4.26% quarter-over-quarter from $26.4 million in Q4 2025, and up 5.81% on a YoY basis from $23.9 million in Q1 2025.

Gladstone Commercial (GOODN) 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.

  • In Q1 2026, Operating Expenses rose 5.81% year-over-year to $25.2 million; the TTM figure through Mar 2026 stood at $102.8 million (down 0.55% YoY), while the FY2025 annual figure was $101.4 million, down 1.38% from the prior year.
  • Operating Expenses was $25.2 million for Q1 2026 at Gladstone Commercial, down from $26.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $37.2 million in Q3 2022 to a low of $23.3 million in Q1 2024.
  • Historically, Operating Expenses has averaged $27.2 million across 5 years, with a median of $26.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 45.95% in 2022, then retreated 22.97% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $25.7 million in 2022, then grew by 9.44% to $28.1 million in 2023, then declined by 11.25% to $25.0 million in 2024, then grew by 5.59% to $26.4 million in 2025, then decreased by 4.26% to $25.2 million in 2026.
  • The last three Operating Expenses figures came in at $25.2 million (Q1 2026), $26.4 million (Q4 2025), and $26.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 29.90 Bn 29.42 Bn 1.01 Bn 16.94 Mn
2 Broadstone Net Lease 4.01 Bn 4.11 Bn - 58.06 Mn
3 American Assets Trust 1.48 Bn 1.42 Bn - 86.87 Mn
4 Safehold 1.14 Bn 1.15 Bn 109.54 Mn 85.31 Mn
5 Empire State Realty Trust 973.69 Mn 1.70 Bn - 47.74 Mn
6 JBG SMITH Properties 887.28 Mn 1.38 Bn - 135.70 Mn
7 CTO Realty Growth 676.07 Mn 676.07 Mn 31.01 Mn 5.08 Mn
8 Gladstone Commercial 618.88 Mn 788.92 Mn - 25.24 Mn
9 AH Realty Trust 547.30 Mn 729.64 Mn - 40.55 Mn
10 Gladstone Commercial - - - 25.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.24 Mn
Dec 31, 2025 26.37 Mn
Sep 30, 2025 26.02 Mn
Jun 30, 2025 25.15 Mn
Mar 31, 2025 23.86 Mn
Dec 31, 2024 24.97 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 25.37 Mn
Sep 30, 2021 25.46 Mn
Jun 30, 2021 24.95 Mn