Published on 23 Feb 2024 on Simply Wall St. via Yahoo Finance

Loss-Making Gladstone Commercial Corporation (NASDAQ:GOOD) Set To Breakeven

We feel now is a pretty good time to analyse Gladstone Commercial Corporation's (NASDAQ:GOOD) business as it appears the company may be on the cusp of a considerable accomplishment. Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. The US$504m market-cap company announced a latest loss of US$7.7m on 31 December 2023 for its most recent financial year result. The most pressing concern for investors is Gladstone Commercial's path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

See our latest analysis for Gladstone Commercial

Gladstone Commercial is bordering on breakeven, according to the 3 American REITs analysts. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$1.9m in 2024. So, the company is predicted to breakeven approximately a year from now or less! At what rate will the company have to grow in order to realise the consensus estimates forecasting breakeven in under 12 months? Using a line of best fit, we calculated an average annual growth rate of 136%, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.