Gladstone Commercial (STU:GLE) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


STU:GLE Gladstone Commercial Corp STU:GLE
70 GF Score
Price €11.00
GF Value €11.22
Valuation Fairly Valued
! 8 Warning Signs
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What is Gladstone Commercial Scaled Net Operating Assets?

Gladstone Commercial STU:GLE +3.77% 70 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates STU:GLE with a GF Score™ of 70/100 and a GF Value™ of €11.22 (Fairly Valued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gladstone Commercial's operating assets for the quarter that ended in Mar. 2026 was €1,057.9 Mil. Gladstone Commercial's operating liabilities for the quarter that ended in Mar. 2026 was €194.0 Mil. Gladstone Commercial's Total Assets for the quarter that ended in Dec. 2025 was €1,064.9 Mil. Therefore, Gladstone Commercial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


Gladstone Commercial Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Gladstone Commercial's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gladstone Commercial Scaled Net Operating Assets Chart

Gladstone Commercial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.89 0.72 0.79 0.83

Gladstone Commercial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.78 0.83 0.80 0.81

STU:GLE vs AHRT, OLP, CTO: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Gladstone Commercial's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gladstone Commercial Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Gladstone Commercial's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gladstone Commercial's Scaled Net Operating Assets falls into.


STU:GLE
70GF Score
Gladstone Commercial Corp STU:GLE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Gladstone Commercial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gladstone Commercial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1055.649-191.975)/1045.102
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1064.881 - 9.232
=1055.649

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=918.085 - 694.196 - 31.914
=191.975

Gladstone Commercial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1057.916-194.007)/1064.881
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1064.805 - 6.889
=1057.916

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=923.298 - 699.647 - 29.644
=194.007

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.81 mean?
Gladstone Commercial (STU:GLE) has a Scaled Net Operating Assets of 0.81 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Gladstone Commercial and its competitors.
Is Gladstone Commercial's Scaled Net Operating Assets too high?
Gladstone Commercial's current Scaled Net Operating Assets is 0.81. Overall, Gladstone Commercial has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gladstone Commercial's Scaled Net Operating Assets compare to AHRT and OLP?
Gladstone Commercial's Scaled Net Operating Assets of 0.81 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Gladstone Commercial and its competitors. Gladstone Commercial's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Commercial stock overvalued right now?
Based on GuruFocus' analysis, Gladstone Commercial (STU:GLE) is currently considered Fairly Valued. The stock's GF Value™ is €11.22, compared to a current price of €11.00 — trading 2% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. Gladstone Commercial's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Gladstone Commercial (STU:GLE), the current Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gladstone Commercial (STU:GLE) Overvalued in 2026?

Based on GuruFocus' analysis, Gladstone Commercial stock appears to be undervalued. The current stock price of €11.00 is trading 2% below its estimated GF Value™ of €11.22. GuruFocus considers Gladstone Commercial to be Fairly Valued.

Key valuation signals for STU:GLE:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: €11.22 vs. price of €11.00 (2% below fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the STU:GLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gladstone Commercial Business Description

Industry Real EstateREITs
Address 1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.
70GF Score

Get the complete analysis for STU:GLE

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.00
Price
€11.22
GF Value