Gladstone Commercial Corporation (GOOD) vs One Liberty Properties, Inc. (OLP)

Gladstone Commercial Corporation and One Liberty Properties, Inc. are both Reit Diversified companies. Gladstone Commercial Corporation is the larger, with a market value of $612.7M against $490.6M — 1.2× the size. One Liberty Properties, Inc. trades at the lower P/E: 14.1× against 48.1×. Gladstone Commercial Corporation grew revenue faster over the last twelve months: 10.8% against 9.52%. One Liberty Properties, Inc. has the higher net margin (32.0% vs 7.15%) and the higher return on invested capital (4.51% vs 4.14%). Both pay a dividend; Gladstone Commercial Corporation yields more (9.44% vs 8.91%). Across the 22 metrics below, One Liberty Properties, Inc. leads on 13 and Gladstone Commercial Corporation on 9.

Valuation

Metric GOOD OLP Reit Diversified median
P/E 48.08 14.14 23.72
P/S 3.58 4.57 3.28
P/B 3.87 1.56 0.87
Price to free cash flow n/m n/m 9.21
EV/EBITDA 11.71 10.42 11.57
EV/Sales 8.55 9.53 6.64
Earnings yield 2.08% 7.07% 1.04%
Free cash flow yield (1.02%) (10.82%) 0.16%

Profitability

Metric GOOD OLP Reit Diversified median
Gross margin 79.10% 80.20% 77.09%
Operating margin 38.97% 57.05% 33.33%
Net margin 7.15% 32.03% 2.62%
Free cash flow margin (3.66%) (49.38%) 3.11%
Return on equity 7.27% 10.93% 3.13%
Return on assets 0.99% 3.99% 0.35%
Return on invested capital 4.14% 4.51% 2.80%

Growth

Metric GOOD OLP Reit Diversified median
Revenue growth (TTM) 10.78% 9.52% 5.49%
EPS growth (last fiscal year) (46.15%) (17.86%) —
Revenue growth, 5-year CAGR 3.91% 3.49% 4.83%
Net income growth, 5-year CAGR 15.92% (1.58%) 0.00%

Health

Metric GOOD OLP Reit Diversified median
Debt to equity 5.43 1.73 1.13
Current ratio 3.72 1.62 1.47
Net debt to EBITDA 7.29 6.25 5.88

Dividend

Metric GOOD OLP Reit Diversified median
Dividend yield 9.44% 8.91% 7.13%
Payout ratio 75.18 1.37 1.37

Size

Metric GOOD OLP Reit Diversified median
Market cap 612.66m 490.63m 729.58m

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