Empire State Realty Trust, Inc. (ESRT) vs Gladstone Commercial Corporation (GOOD)

Empire State Realty Trust, Inc. and Gladstone Commercial Corporation are both Reit Diversified companies. Empire State Realty Trust, Inc. is the larger, with a market value of $701.2M against $612.7M — 1.1× the size. Gladstone Commercial Corporation trades at the lower P/E: 48.1× against 137×. Gladstone Commercial Corporation grew revenue faster over the last twelve months: 10.8% against 2.04%. Gladstone Commercial Corporation has the higher net margin (7.15% vs 0.39%) and the higher return on invested capital (4.14% vs −0.55%). Both pay a dividend; Gladstone Commercial Corporation yields more (9.44% vs 1.44%). Across the 22 metrics below, Gladstone Commercial Corporation leads on 15 and Empire State Realty Trust, Inc. on 7.

Valuation

Metric ESRT GOOD Reit Diversified median
P/E 137.00 48.08 23.72
P/S 0.90 3.58 3.28
P/B 0.39 3.87 0.87
Price to free cash flow n/m n/m 9.21
EV/EBITDA 15.77 11.71 11.57
EV/Sales 3.57 8.55 6.64
Earnings yield 0.73% 2.08% 1.04%
Free cash flow yield (42.83%) (1.02%) 0.16%

Profitability

Metric ESRT GOOD Reit Diversified median
Gross margin 74.65% 79.10% 77.09%
Operating margin (4.40%) 38.97% 33.33%
Net margin 0.39% 7.15% 2.62%
Free cash flow margin (38.40%) (3.66%) 3.11%
Return on equity 0.17% 7.27% 3.13%
Return on assets 0.07% 0.99% 0.35%
Return on invested capital (0.55%) 4.14% 2.80%

Growth

Metric ESRT GOOD Reit Diversified median
Revenue growth (TTM) 2.04% 10.78% 5.49%
EPS growth (last fiscal year) (10.71%) (46.15%) —
Revenue growth, 5-year CAGR 4.75% 3.91% 4.83%
Net income growth, 5-year CAGR 0.00% 15.92% 0.00%

Health

Metric ESRT GOOD Reit Diversified median
Debt to equity 1.24 5.43 1.13
Current ratio 1.32 3.72 1.47
Net debt to EBITDA 6.41 7.29 5.88

Dividend

Metric ESRT GOOD Reit Diversified median
Dividend yield 1.44% 9.44% 7.13%
Payout ratio 0.48 75.18 1.37

Size

Metric ESRT GOOD Reit Diversified median
Market cap 701.19m 612.66m 729.58m

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