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| Date | Value |
|---|---|
| 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 |