Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2024 and Earnings Release and Conference Call Dates for its First Quarter Ended March 31, 2024

Rhea-AI Summary

Gladstone Commercial (GOOD) announces cash distributions for April, May, and June 2024, along with plans to report Q1 earnings. The company declares dividends for common stock, senior common stock, preferred stocks, and offers a DRIP. Earnings report scheduled for May 6, 2024, with a conference call on May 7, 2024.

MCLEAN, VA / ACCESSWIRE / April 9, 2024 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of April, May and June 2024 and also announced its plan to report earnings for the first quarter ended March 31, 2024.

Cash Distributions:

Common Stock: $0.10 cash distribution per common share for each of April, May and June 2024, payable per Table 1 below. The Company has paid 231 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
April 19	April 30	$0.10
May 17	May 31	$0.10
June 19	June 28	$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 April, May and June 2024, payable per Table 2 below. The Company has paid 168 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
April	May 6	$0.0875
May	June 5	$0.0875
June	July 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 April, May and June 2024, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN." The Company has paid 45 consecutive monthly cash distributions on its Series E Preferred Stock.

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

Record Date	Payment Date	Cash Distribution
April 19	April 30	$0.138021
May 17	May 31	$0.138021
June 19	June 28	$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 April, May and June 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
April 22	May 3	$0.125
May 23	June 5	$0.125
June 25	July 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 April, May and June 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
April 19	April 30	$0.125
May 17	May 31	$0.125
June 19	June 28	$0.125
	Total for the Quarter:	$0.375

Earnings Announcement:

The Company also announced today that it plans to report earnings for the first quarter ended March 31, 2024, after the stock market closes on Monday, May 6, 2024. The Company will hold a conference call Tuesday, May 7, 2024 at 8:30 a.m. ET to discuss its earnings results. Please call (877) 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 May 14, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744828.

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 December 31, 2023, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 17.1 million square feet. Additional information can be found at www.gladstonecommercial.com.

Source: Gladstone Commercial Corporation

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

SOURCE: Gladstone Commercial Corporation

View the original press release on accesswire.com

What cash distributions did Gladstone Commercial (GOOD) announce for April, May, and June 2024?

Gladstone Commercial announced $0.10 cash distribution per common share, $0.0875 for senior common stock, $0.138021 for Series E Preferred Stock, $0.125 for Series F Preferred Stock, and $0.125 for Series G Preferred Stock.

When will the cash distributions be payable for Gladstone Commercial (GOOD) in April, May, and June 2024?

The cash distributions for April, May, and June 2024 will be payable on April 30, May 31, and June 28, respectively.

What is the earnings announcement schedule for Gladstone Commercial (GOOD) for the first quarter of 2024?

Gladstone Commercial plans to report earnings for the first quarter ended March 31, 2024, after the stock market closes on Monday, May 6, 2024. A conference call to discuss earnings results will be held on May 7, 2024, at 8:30 a.m. ET.

What type of properties does Gladstone Commercial (GOOD) focus on?

Gladstone Commercial is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States.