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Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2024 and Earnings Release and Conference Call Dates for its Third Quarter Ended September 30, 2024

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Gladstone Commercial (Nasdaq:GOOD) has announced cash distributions for October, November, and December 2024, as well as its plan to report earnings for Q3 2024. The company declared:

- $0.10 per common share for each month, totaling $0.30 for the quarter
- $0.0875 per share of senior common stock for each month, totaling $0.2625 for the quarter
- $0.138021 per share of Series E Preferred Stock for each month, totaling $0.414063 for the quarter
- $0.125 per share of Series F Preferred Stock for each month, totaling $0.375 for the quarter
- $0.125 per share of Series G Preferred Stock for each month, totaling $0.375 for the quarter

The company will report Q3 2024 earnings after market close on November 4, 2024, with a conference call on November 5, 2024, at 8:30 a.m. ET.

Gladstone Commercial (Nasdaq:GOOD) ha annunciato le distribuzioni in contante per ottobre, novembre e dicembre 2024, insieme al piano di riportare i guadagni per il terzo trimestre del 2024. La società ha dichiarato:

- $0.10 per azione comune per ciascun mese, per un totale di $0.30 per il trimestre
- $0.0875 per azione di azioni comuni senior per ciascun mese, per un totale di $0.2625 per il trimestre
- $0.138021 per azione di azioni privilegiate Serie E per ciascun mese, per un totale di $0.414063 per il trimestre
- $0.125 per azione di azioni privilegiate Serie F per ciascun mese, per un totale di $0.375 per il trimestre
- $0.125 per azione di azioni privilegiate Serie G per ciascun mese, per un totale di $0.375 per il trimestre

La società riporterà i guadagni del terzo trimestre 2024 dopo la chiusura del mercato il 4 novembre 2024, con una teleconferenza il 5 novembre 2024, alle 8:30 a.m. ET.

Gladstone Commercial (Nasdaq:GOOD) ha anunciado distribuciones en efectivo para octubre, noviembre y diciembre de 2024, así como su plan para informar sobre las ganancias del tercer trimestre de 2024. La empresa declaró:

- $0.10 por acción común por cada mes, totalizando $0.30 para el trimestre
- $0.0875 por acción de acciones comunes senior por cada mes, totalizando $0.2625 para el trimestre
- $0.138021 por acción de acciones preferentes Serie E por cada mes, totalizando $0.414063 para el trimestre
- $0.125 por acción de acciones preferentes Serie F por cada mes, totalizando $0.375 para el trimestre
- $0.125 por acción de acciones preferentes Serie G por cada mes, totalizando $0.375 para el trimestre

La empresa informará sobre las ganancias del tercer trimestre de 2024 después del cierre del mercado el 4 de noviembre de 2024, con una conferencia telefónica el 5 de noviembre de 2024, a las 8:30 a.m. ET.

글래드스톤 상업(나스닥:GOOD)이 2024년 10월, 11월, 12월에 대한 배당금을 발표하고 2024년 3분기 실적 보고 계획을 알렸습니다. 회사는 다음과 같이 발표했습니다:

- 매달 보통주 1주당 $0.10, 분기 총합 $0.30
- 매달 고배당 보통주 1주당 $0.0875, 분기 총합 $0.2625
- 매달 E시리즈 우선주 1주당 $0.138021, 분기 총합 $0.414063
- 매달 F시리즈 우선주 1주당 $0.125, 분기 총합 $0.375
- 매달 G시리즈 우선주 1주당 $0.125, 분기 총합 $0.375

회사는 2024년 11월 4일 마감 후 3분기 실적을 발표하며, 2024년 11월 5일 오전 8:30(동부 표준시)에 전화 회의를 진행할 예정입니다.

Gladstone Commercial (Nasdaq:GOOD) a annoncé des distributions en espèces pour octobre, novembre et décembre 2024, ainsi que son intention de publier ses résultats pour le troisième trimestre 2024. La société a déclaré :

- 0,10 $ par action ordinaire pour chaque mois, totalisant 0,30 $ pour le trimestre
- 0,0875 $ par action d'actions ordinaires senior pour chaque mois, totalisant 0,2625 $ pour le trimestre
- 0,138021 $ par action d'actions privilégiées de la série E pour chaque mois, totalisant 0,414063 $ pour le trimestre
- 0,125 $ par action d'actions privilégiées de la série F pour chaque mois, totalisant 0,375 $ pour le trimestre
- 0,125 $ par action d'actions privilégiées de la série G pour chaque mois, totalisant 0,375 $ pour le trimestre

La société publiera les résultats du troisième trimestre 2024 après la fermeture du marché le 4 novembre 2024, suivie d'une conférence téléphonique le 5 novembre 2024 à 8h30 ET.

Gladstone Commercial (Nasdaq:GOOD) hat Barzahlungen für Oktober, November und Dezember 2024 angekündigt sowie seinen Plan zur Bekanntgabe der Ergebnisse des 3. Quartals 2024. Das Unternehmen erklärte:

- $0.10 pro Stammaktie für jeden Monat, insgesamt $0.30 für das Quartal
- $0.0875 pro Aktie der vorrangigen Stammaktien für jeden Monat, insgesamt $0.2625 für das Quartal
- $0.138021 pro Aktie der Serie E Vorzugsaktien für jeden Monat, insgesamt $0.414063 für das Quartal
- $0.125 pro Aktie der Serie F Vorzugsaktien für jeden Monat, insgesamt $0.375 für das Quartal
- $0.125 pro Aktie der Serie G Vorzugsaktien für jeden Monat, insgesamt $0.375 für das Quartal

Das Unternehmen wird die Ergebnisse des 3. Quartals 2024 nach Börsenschluss am 4. November 2024 bekannt geben, gefolgt von einer Telefonkonferenz am 5. November 2024 um 8:30 Uhr ET.

Positive
  • Consistent monthly cash distributions across all share classes
  • 237 consecutive monthly cash distributions on common stock
  • 174 consecutive monthly cash distributions on Senior Common stock
  • Earnings report and conference call scheduled, showing transparency
Negative
  • None.

Insights

Gladstone Commercial's announcement of monthly cash distributions for Q4 2024 and earnings release date provides valuable insights for investors. The company continues its streak of 237 consecutive monthly cash distributions for common stock, demonstrating consistency in shareholder returns.

The distributions remain stable at $0.10 per common share monthly, totaling $0.30 for the quarter. This translates to an annualized yield of approximately 9.6% based on the current stock price, which is attractive in the current market environment.

The company's diverse portfolio of 136 properties across 27 states provides a stable income stream. However, investors should note that high yields can sometimes indicate higher risk or growth prospects. It's important to examine the company's funds from operations (FFO) and payout ratio in the upcoming earnings report to assess the sustainability of these distributions.

The scheduled earnings call on November 5, 2024, will be a key event for investors to gain insights into the company's performance and future outlook. Particular attention should be paid to occupancy rates, lease renewals and any potential impacts from the current economic climate on their industrial and office properties.

MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of October, November and December 2024 and also announced its plan to report earnings for the third quarter ended September 30, 2024.

Cash Distributions:

Common Stock: $0.10 cash distribution per common share for each of October, November and December 2024, payable per Table 1 below. The Company has paid 237 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.

Table 1: Summary of common stock cash distributions:

Record Date

Payment Date

Cash Distribution

October 22

October 31

$0.10

November 20

November 29

$0.10

December 20

December 31

$0.10

Total for the Quarter:

$0.30

Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of October, November and December 2024, payable per Table 2 below. The Company has paid 174 consecutive monthly cash distributions on its Senior Common.

Table 2: Summary of Senior Common cash distributions:

Payable to Holders of Record During the Month of:

Payment Date

Amount

October

November 4

$0.0875

November

December 4

$0.0875

December

January 3

$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 October, November and December 2024, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN."

Table 3: Summary of Series E Preferred Stock cash distributions:

Record Date

Payment Date

Cash Distribution

October 22

October 31

$0.138021

November 20

November 29

$0.138021

December 20

December 31

$0.138021

Total for the Quarter:

$0.414063

Series F Preferred Stock: $0.125 cash distribution per share of the Company's 6.00% Series F Preferred Stock ("Series F Preferred Stock") for each of October, November and December 2024, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange.

Table 4: Summary of Series F Preferred Stock cash distributions:

Record Date

Payment Date

Cash Distribution

October 24

November 4

$0.125

November 27

December 4

$0.125

December 23

January 3

$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 October, November and December 2024, payable per Table 5 below. The Series G Preferred Stock trades on Nasdaq under the symbol "GOODO."

Table 5: Summary of Series G Preferred Stock cash distributions:

Record Date

Payment Date

Cash Distribution

October 22

October 31

$0.125

November 20

November 29

$0.125

December 20

December 31

$0.125

Total for the Quarter:

$0.375

Earnings Announcement:

The Company also announced today that it plans to report earnings for the third quarter ended September 30, 2024, after the stock market closes on Monday, November 4, 2024. The Company will hold a conference call Tuesday, November 5, 2024 at 8:30 a.m. ET to discuss its earnings results. Please call (866) 424-3437 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 November 12, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748839.

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 info@gladstonecompanies.com.

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 June 30, 2024, Gladstone Commercial's real estate portfolio consisted of 136 properties located in 27 states, totaling approximately 16.8 million square feet. Additional information can be found at www.gladstonecommercial.com.

Investor Relations Inquiries: Please visit www.gladstonecommercial.com or (703) 287-5893.

SOURCE: Gladstone Commercial Corporation



View the original press release on accesswire.com

FAQ

What is Gladstone Commercial's dividend for common shares in Q4 2024?

Gladstone Commercial (GOOD) will pay $0.10 per common share for each month in Q4 2024, totaling $0.30 for the quarter.

When will Gladstone Commercial report Q3 2024 earnings?

Gladstone Commercial (GOOD) will report Q3 2024 earnings after the stock market closes on Monday, November 4, 2024.

What is the dividend for Gladstone Commercial's Series G Preferred Stock in Q4 2024?

Gladstone Commercial (GOOD) will pay $0.125 per share of Series G Preferred Stock for each month in Q4 2024, totaling $0.375 for the quarter.

How many consecutive monthly cash distributions has Gladstone Commercial paid on its common stock?

Gladstone Commercial (GOOD) has paid 237 consecutive monthly cash distributions on its common stock.

Gladstone Commercial Corporation - REIT

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