Gladstone Commercial Corporation (GOOD) vs Mackenzie Realty Capital, Inc. (MKZR)

Gladstone Commercial Corporation and Mackenzie Realty Capital, Inc. are both Reit Diversified companies. Gladstone Commercial Corporation is the larger, with a market value of $612.7M against $3.1M — 197.0× the size. Mackenzie Realty Capital, Inc. has negative trailing earnings, so its P/E is not meaningful; Gladstone Commercial Corporation trades at 48.1×. Gladstone Commercial Corporation grew revenue faster over the last twelve months: 10.8% against −11.0%. Gladstone Commercial Corporation has the higher net margin (7.15% vs −96.2%) and the higher return on invested capital (4.14% vs −13.6%). Across the 20 metrics below, Gladstone Commercial Corporation leads on 13 and Mackenzie Realty Capital, Inc. on 7.

Valuation

Metric GOOD MKZR Reit Diversified median
P/E 48.08 n/m 23.72
P/S 3.58 0.14 3.28
P/B 3.87 0.03 0.87
Price to free cash flow n/m n/m 9.21
EV/EBITDA 11.71 1.94 11.57
EV/Sales 8.55 (0.39) 6.64
Earnings yield 2.08% (726.56%) 1.04%
Free cash flow yield (1.02%) (611.09%) 0.16%

Profitability

Metric GOOD MKZR Reit Diversified median
Gross margin 79.10% 58.84% 77.09%
Operating margin 38.97% (84.30%) 33.33%
Net margin 7.15% (96.19%) 2.62%
Free cash flow margin (3.66%) (85.85%) 3.11%
Return on equity 7.27% (20.35%) 3.13%
Return on assets 0.99% (7.82%) 0.35%
Return on invested capital 4.14% (13.61%) 2.80%

Growth

Metric GOOD MKZR Reit Diversified median
Revenue growth (TTM) 10.78% (11.01%) 5.49%
EPS growth (last fiscal year) (46.15%) (86.60%) —
Revenue growth, 5-year CAGR 3.91% 16.30% 4.83%
Net income growth, 5-year CAGR 15.92% 0.00% 0.00%

Health

Metric GOOD MKZR Reit Diversified median
Debt to equity 5.43 0.00 1.13
Current ratio 3.72 0.09 1.47
Net debt to EBITDA 7.29 0.75 5.88

Dividend

Metric GOOD MKZR Reit Diversified median
Dividend yield 9.44% — 7.13%
Payout ratio 75.18 — 1.37

Size

Metric GOOD MKZR Reit Diversified median
Market cap 612.66m 3.11m 729.58m

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