MCLEAN, VA / ACCESSWIRE / July 12, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of July, August and September 2022 and also announced its plan to report earnings for the second quarter ended June 30, 2022.
Cash Distributions:
Common Stock: $0.1254 cash distribution per common share for each of July, August and September 2022, payable per Table 1 below. The Company has paid 210 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions. The Company has never skipped, reduced or deferred a monthly or quarterly common stock distribution since its inception in 2003.
Table 1: Summary of common stock cash distributions:
Record Date | Payment Date | Cash Distribution |
July 22 | July 29 | $0.1254 |
August 23 | August 31 | $0.1254 |
September 22 | September 30 | $0.1254 |
| Total for the Quarter: | $0.3762 |
Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of July, August and September 2022, payable per Table 2 below. The Company has paid 147 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly Senior Common distribution.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of: | Payment Date | Amount |
July | August 5 | $0.0875 |
August | September 6 | $0.0875 |
September | October 5 | $0.0875 |
Total for the Quarter: | $0.2625 | |
Series E Preferred Stock: $0.138021 cash distribution per share of the Company's 6.625% Series E Preferred Stock ("Series E Preferred Stock") for each of July, August and September 2022, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN." The Company has paid 24 consecutive monthly cash distributions on its Series E Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series E Preferred Stock distribution.
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
July 22 | July 29 | $0.138021 |
August 23 | August 31 | $0.138021 |
September 22 | September 30 | $0.138021 |
| Total for the Quarter: | $0.414063 |
Series F Preferred Stock: $0.125 cash distribution per share of the Company's 6.0% Series F Preferred Stock ("Series F Preferred Stock") for each of July, August and September 2022, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange. The Company has never skipped, reduced or deferred a monthly Series F Preferred Stock distribution.
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
July 27 | August 5 | $0.125 |
August 25 | September 6 | $0.125 |
September 27 | October 5 | $0.125 |
| Total for the Quarter: | $0.375 |
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders and Series F Preferred stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.
Series G Preferred Stock: $0.125 cash distribution per share of the Company's 6.00% Series G Preferred Stock ("Series G Preferred Stock") for each of July, August and September 2022, payable per Table 5 below. The Series G Preferred Stock trades on Nasdaq under the symbol "GOODO." The Company has never skipped, reduced or deferred a monthly Series G Preferred Stock distribution.
Table 5: Summary of Series G Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
July 22 | July 29 | $0.125 |
August 23 | August 31 | $0.125 |
September 22 | September 30 | $0.125 |
| Total for the Quarter: | $0.375 |
Earnings Announcement:
The Company also announced today that it plans to report earnings for the second quarter ended June 30, 2022, after the stock market closes on Monday, August 1, 2022. The Company will hold a conference call Tuesday, August 2, 2022 at 8:30 a.m. EDT to discuss its earnings results. Please call (877) 407-9045 to enter the conference call. An operator will monitor the call and set a queue for questions.
A conference call replay will be available after the call and will be accessible through August 9, 2022. To hear the replay, please dial (877) 660-6853 and use playback conference number 13730106.
The live audio broadcast of the Company's conference call will be available online at www.gladstonecommercial.com.
If you have questions prior to or following the earnings release you may e-mail them to [email protected].
Gladstone Commercial Corporation is a real estate investment trust ("REIT") focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2022, Gladstone Commercial's real estate portfolio consisted of 131 properties located in 27 states, totaling approximately 16.4 million square feet. Additional information can be found at www.gladstonecommercial.com.
Investor Relations Inquiries: Please visit www.gladstonecommercial.com or +1-703-287-5893.
SOURCE: Gladstone Commercial Corporation