Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2019 and Second Quarter ...
July 09 2019 - 4:15PM
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 2019 and
also announced its plan to report earnings for the second quarter
ended June 30, 2019.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of July, August and September 2019, payable
per Table 1 below. The Company has paid 174 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 31 |
$0.125 |
|
|
August 20 |
August 30 |
$0.125 |
|
|
September 17 |
September 30 |
$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 July, August and September 2019, payable per Table 2
below. The Company has paid 111 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 |
|
|
July |
August 7 |
$0.0875 |
|
|
August |
September 6 |
$0.0875 |
|
|
September |
October 7 |
$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
July, August and September 2019, payable per Table 3 below. The
Series A Preferred Stock trades on NASDAQ under the symbol “GOODP.”
The Company has paid 162 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 Date |
Payment Date |
Cash Distribution |
|
|
July 22 |
July 31 |
$0.1614583 |
|
|
August 20 |
August 30 |
$0.1614583 |
|
|
September 17 |
September 30 |
$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
July, August and September 2019, payable per Table 4 below. The
Series B Preferred Stock trades on NASDAQ under the symbol
“GOODO.” The Company has paid 153 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 Date |
Payment Date |
Cash Distribution |
|
|
July 22 |
July 31 |
$0.15625 |
|
|
August 20 |
August 30 |
$0.15625 |
|
|
September 17 |
September 30 |
$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 July, August and
September 2019, payable per Table 5 below. The Series D Preferred
Stock trades on NASDAQ under the symbol “GOODM.” The Company
has paid 38 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 Date |
Payment Date |
Cash Distribution |
|
|
July 22 |
July 31 |
$0.1458333 |
|
|
August 20 |
August 30 |
$0.1458333 |
|
|
September 17 |
September 30 |
$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 second quarter ended June 30, 2019, after the
stock market closes on Tuesday, July 30, 2019. The Company will
hold a conference call Wednesday, July 31, 2019 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 August 7, 2019. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 7297256.
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 September 30, 2019.
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 March 31, 2019, the Company owned 102 properties located in
24 states, totaling approximately 11.7 million square feet.
Additional information can be found at
www.gladstonecompanies.com.
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