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GOOD Gladstone Commercial Corporation

14.3005
-0.2995 (-2.05%)
20 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Gladstone Commercial Corporation NASDAQ:GOOD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.2995 -2.05% 14.3005 14.30 14.60 14.59 14.315 14.50 332,391 01:00:00

Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2017, and Third Quar...

10/10/2017 9:05pm

GlobeNewswire Inc.


Gladstone Commercial (NASDAQ:GOOD)
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From Jul 2019 to Jul 2024

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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 2017 and its plan to report earnings for the third quarter ended September 30, 2017.

Cash Distributions:

Common Stock: $0.125 cash distribution per common share for each of October, November and December 2017, payable per Table 1 below.  The Company has paid 153 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 inception, over 10 years ago.

Table 1: Summary of common stock cash distributions:
Record DatePayment DateCash Distribution
October 20October 31$0.125
November 20November 30$0.125
December 19December 29$0.125
 Total for the Quarter:$0.375

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 2017, payable per Table 2 below. The Company has paid 90 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 RecordDuring the Month of:Payment Date Amount
OctoberNovember 7 $0.0875
NovemberDecember 7 $0.0875
December January 8 $0.0875
 Total for the Quarter: $0.2625

Series A Preferred Stock: $0.1614583 cash distribution per share of the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) for each of October, November and December 2017, payable per Table 3 below. The Series A Preferred Stock trades on NASDAQ under the symbol “GOODP.” The Company has paid 141 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.

Table 3: Summary of Series A Preferred Stock cash distributions:
Record DatePayment DateCash Distribution
October 20October 31$0.1614583
November 20November 30$0.1614583
December 19December 29$0.1614583
 Total for the Quarter:$0.4843749

Series B Preferred Stock: $0.15625 cash distribution per share of the Company’s 7.50% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) for each of October, November and December 2017, payable per Table 4 below. The Series B Preferred Stock trades on NASDAQ under the symbol “GOODO.”  The Company has paid 132 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series B Preferred Stock distribution.

Table 4: Summary of Series B Preferred Stock cash distributions:
Record DatePayment DateCash Distribution
October 20October 31$0.15625
November 20November 30$0.15625
December 19December 29$0.15625
 Total for the Quarter:$0.46875

Series D Preferred Stock: $0.1458333 cash distribution per share of the Company’s 7.0% Series D Preferred Stock (“Series D Preferred Stock”) for each of October, November and December 2017, payable per Table 5 below. The Series D Preferred Stock trades on NASDAQ under the symbol “GOODM.”  The Company has paid 17 consecutive monthly cash distributions on its Series D Preferred Stock.  The Company has never skipped, reduced or deferred a monthly Series D Preferred Stock distribution.

Table 5: Summary of Series D Preferred Stock cash distributions:
Record DatePayment DateCash Distribution
October 20October 31$0.1458333
November 20November 30$0.1458333
December 19December 29$0.1458333
 Total for the Quarter:$0.4374999

The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the third quarter ended September 30, 2017, after the stock market closes on Tuesday, October 31, 2017. The Company will hold a conference call Wednesday, November 1, 2017 at 8:30 a.m. EDT to discuss its earnings results.  Please call (888) 734-0328 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 December 1, 2017.  To hear the replay, please dial (855) 859-2056 and use playback conference number 54352285.

The live audio broadcast of the Company’s conference call will be available online at www.gladstonecommercial.com. The event will also be archived and available for replay on the Company’s website through January 1, 2018.

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, 2017, the Company currently owns 94 properties.  Additional information can be found at www.gladstonecompanies.com.

Investor Relations Inquiries:

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

Source: Gladstone Commercial Corporation

For further information: Gladstone Commercial Corporation, +1 703-287-5893

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