GOOD vs. BNL

Last updated Apr 2, 2026

Compare and contrast key facts about Gladstone Commercial Corporation (GOOD) and Broadstone Net Lease, Inc. (BNL).

Performance

GOOD vs. BNL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gladstone Commercial Corporation (GOOD) and Broadstone Net Lease, Inc. (BNL). The values are adjusted to include any dividend payments, if applicable.

GOOD vs. BNL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GOOD Gladstone Commercial Corporation	11.18%	-28.11%	33.25%	-21.63%	-22.52%	39.58%
BNL Broadstone Net Lease, Inc.	8.21%	17.27%	-1.08%	14.00%	-30.75%	42.88%

Fundamentals

Market Cap GOOD : $545.82M BNL : $3.66B
EPS GOOD : $0.41 BNL : $0.49
PE Ratio GOOD : 28.09 BNL : 37.87
PS Ratio GOOD : 3.36 BNL : 8.05
Total Revenue (TTM) GOOD : $161.34M BNL : $454.14M
Gross Profit (TTM) GOOD : $0.00 BNL : $103.00M
EBITDA (TTM) GOOD : $58.25M BNL : $313.35M

Returns By Period

In the year-to-date period, GOOD achieves a 11.18% return, which is significantly higher than BNL's 8.21% return.

GOOD

• 1D: 1.14%
• 1M: -5.51%
• YTD: 11.18%
• 6M: -0.75%
• 1Y: -15.50%
• 3Y*: 6.21%
• 5Y*: -2.65%
• 10Y*: 4.79%

BNL

• 1D: 1.26%
• 1M: -2.71%
• YTD: 8.21%
• 6M: 4.15%
• 1Y: 15.69%
• 3Y*: 10.29%
• 5Y*: 6.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GOOD vs. BNL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOOD

GOOD Risk / Return Rank: 16
GOOD Sharpe Ratio Rank: 11
GOOD Sortino Ratio Rank: 13
GOOD Omega Ratio Rank: 14
GOOD Calmar Ratio Rank: 21
GOOD Martin Ratio Rank: 23

BNL

BNL Risk / Return Rank: 63
BNL Sharpe Ratio Rank: 67
BNL Sortino Ratio Rank: 57
BNL Omega Ratio Rank: 57
BNL Calmar Ratio Rank: 65
BNL Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOOD vs. BNL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gladstone Commercial Corporation (GOOD) and Broadstone Net Lease, Inc. (BNL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GOOD	BNL	Difference
Sharpe ratio Return per unit of total volatility	-0.69	0.76	-1.45
Sortino ratio Return per unit of downside risk	-0.86	1.13	-1.99
Omega ratio Gain probability vs. loss probability	0.90	1.15	-0.25
Calmar ratio Return relative to maximum drawdown	-0.58	1.14	-1.72
Martin ratio Return relative to average drawdown	-1.02	3.31	-4.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOD vs. BNL - Sharpe Ratio Comparison

The current GOOD Sharpe Ratio is -0.69, which is lower than the BNL Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of GOOD and BNL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOOD	BNL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.69	0.76	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.29	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.31	-0.10

Correlation

The correlation between GOOD and BNL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GOOD vs. BNL - Dividend Comparison

GOOD's dividend yield for the trailing twelve months is around 10.38%, more than BNL's 6.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOD Gladstone Commercial Corporation	10.38%	11.25%	7.39%	9.06%	8.13%	5.83%	8.34%	6.86%	8.37%	7.12%	7.46%	10.28%
BNL Broadstone Net Lease, Inc.	6.28%	6.68%	7.28%	6.50%	6.66%	4.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GOOD vs. BNL - Drawdown Comparison

The maximum GOOD drawdown since its inception was -67.22%, which is greater than BNL's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for GOOD and BNL.

Drawdown Indicators

	GOOD	BNL	Difference
Max Drawdown Largest peak-to-trough decline	-67.22%	-43.56%	-23.66%
Max Drawdown (1Y) Largest decline over 1 year	-26.07%	-14.07%	-12.00%
Max Drawdown (5Y) Largest decline over 5 years	-53.30%	-43.56%	-9.74%
Max Drawdown (10Y) Largest decline over 10 years	-66.25%	—	—
Current Drawdown Current decline from peak	-35.32%	-10.00%	-25.32%
Average Drawdown Average peak-to-trough decline	-13.30%	-23.40%	+10.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.74%	4.86%	+9.88%

Volatility

GOOD vs. BNL - Volatility Comparison

Gladstone Commercial Corporation (GOOD) has a higher volatility of 6.85% compared to Broadstone Net Lease, Inc. (BNL) at 5.75%. This indicates that GOOD's price experiences larger fluctuations and is considered to be riskier than BNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOD	BNL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	5.75%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	16.76%	13.59%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	22.42%	20.75%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.86%	23.25%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.11%	23.23%	+8.88%

Financials