Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March 2023 and Fourth Quarter Ended December 31, 2022 Earnings Release and Conference Call Dates
MCLEAN, VA / ACCESSWIRE / January 10, 2023 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March 2023 and also announced its plan to report earnings for the fourth quarter ended December 31, 2022.
In an effort to increase retained capital in anticipation of further economic headwinds, the board of directors has taken what it believes is the prudent path and reduced the run rate on its monthly dividend (from
Cash Distributions:
Common Stock:
Table 1: Summary of common stock cash distributions:
Record Date | Payment Date | Cash Distribution |
January 20 | January 31 | |
February 17 | February 28 | |
March 17 | March 31 | |
Total for the Quarter: |
Senior Common Stock:
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of: | Payment Date | Amount |
January | February 6 | |
February | March 6 | |
March | April 6 | |
Total for the Quarter |
Series E Preferred Stock:
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
January 20 | January 31 | |
February 17 | February 28 | |
March 17 | March 31 | |
Total for the Quarter: |
Series F Preferred Stock:
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
January 26 | February 6 | |
February 23 | March 6 | |
March 29 | April 6 | |
Total for the Quarter: |
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:
Table 5: Summary of Series G Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution |
January 20 | January 31 | |
February 17 | February 28 | |
March 17 | March 31 | |
Total for the Quarter: |
Earnings Announcement:
The Company also announced today that it plans to report earnings for the fourth quarter ended December 31, 2022, after the stock market closes on Wednesday, February 22, 2023. The Company will hold a conference call Thursday, February 23, 2023 at 8:30 a.m. ET 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 March 2, 2023. To hear the replay, please dial (877) 660-6853 and use playback conference number 13734662.
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 September 30, 2022, Gladstone Commercial's real estate portfolio consisted of 137 properties located in 27 states, totaling approximately 17.2 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
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