American Assets Trust, Inc. (AAT) vs Gladstone Commercial Corporation (GOOD)

American Assets Trust, Inc. and Gladstone Commercial Corporation are both Reit Diversified companies. American Assets Trust, Inc. is the larger, with a market value of $1.3B against $612.7M — 2.2× the size. Gladstone Commercial Corporation trades at the lower P/E: 48.1× against 74.4×. Gladstone Commercial Corporation grew revenue faster over the last twelve months: 10.8% against −2.89%. Gladstone Commercial Corporation has the higher net margin (7.15% vs 4.09%) and the higher return on invested capital (4.14% vs 2.37%). Both pay a dividend; Gladstone Commercial Corporation yields more (9.44% vs 6.57%). Across the 22 metrics below, Gladstone Commercial Corporation leads on 13 and American Assets Trust, Inc. on 9.

Valuation

Metric AAT GOOD Reit Diversified median
P/E 74.41 48.08 23.72
P/S 2.98 3.58 3.28
P/B 1.24 3.87 0.87
Price to free cash flow 14.78 n/m 9.21
EV/EBITDA 12.49 11.71 11.57
EV/Sales 6.59 8.55 6.64
Earnings yield 1.34% 2.08% 1.04%
Free cash flow yield 6.77% (1.02%) 0.16%

Profitability

Metric AAT GOOD Reit Diversified median
Gross margin 70.87% 79.10% 77.09%
Operating margin 22.77% 38.97% 33.33%
Net margin 4.09% 7.15% 2.62%
Free cash flow margin 20.16% (3.66%) 3.11%
Return on equity 1.64% 7.27% 3.13%
Return on assets 0.61% 0.99% 0.35%
Return on invested capital 2.37% 4.14% 2.80%

Growth

Metric AAT GOOD Reit Diversified median
Revenue growth (TTM) (2.89%) 10.78% 5.49%
EPS growth (last fiscal year) (2.13%) (46.15%) —
Revenue growth, 5-year CAGR 4.83% 3.91% 4.83%
Net income growth, 5-year CAGR 15.01% 15.92% 0.00%

Health

Metric AAT GOOD Reit Diversified median
Debt to equity 1.61 5.43 1.13
Current ratio 2.46 3.72 1.47
Net debt to EBITDA 5.68 7.29 5.88

Dividend

Metric AAT GOOD Reit Diversified median
Dividend yield 6.57% 9.44% 7.13%
Payout ratio 1.55 75.18 1.37

Size

Metric AAT GOOD Reit Diversified median
Market cap 1.32b 612.66m 729.58m

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