Gladstone Commercial Corporation Announces Increase in Monthly Cash Distributions for October, November and December 2021 and Third Quarter Ended September 30, 2021 Earnings Release and Conference Call Dates

Rhea-AI Summary

Gladstone Commercial Corporation (NASDAQ: GOOD) has declared cash distributions for October, November, and December 2021, maintaining a consistent payment history of 201 months for common stock and 138 months for senior common stock. The monthly cash distribution stands at $0.125275 per share for common stock and $0.0875 for senior common stock. Additionally, the company plans to report its third-quarter earnings on November 1, 2021, with a conference call on November 2.

Positive

• Declared cash distribution of $0.125275 per common share for Q4 2021, maintaining consistent payment record.
• Total cash distribution for common stock in Q4 2021 is $0.375825.
• Consistent cash distributions for senior common stock and Series E, F, and G preferred stocks.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / October 12, 2021 / 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 2021 and also announced its plan to report earnings for the third quarter ended September 30, 2021.

Cash Distributions:

Common Stock: $0.125275 cash distribution per common share for each of October, November and December 2021, payable per Table 1 below. The Company has paid 201 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
October 22	October 29	$0.125275
November 19	November 30	$0.125275
December 23	December 31	$0.125275
	Total for the Quarter:	$0.375825

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 2021, payable per Table 2 below. The Company has paid 138 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 Record During the Month of:	Payment Date	Amount
October	November 5	$0.0875
November	December 6	$0.0875
December	January 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 October, November and December 2021, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN." The Company has never skipped, reduced or deferred a monthly Series E Preferred Stock distribution.

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

Record Date	Payment Date	Cash Distribution
October 22	October 29	$0.138021
November 19	November 30	$0.138021
December 23	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 2021, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange. The Company has never skipped, reduced or deferred a monthly Series F Preferred Stock distribution.

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

Record Date	Payment Date	Cash Distribution
October 28	November 5	$0.125
November 29	December 6	$0.125
December 29	January 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 October, November and December 2021, payable per Table 5 below. The Series G Preferred Stock trades on Nasdaq under the symbol "GOODO." The Company has never skipped, reduced or deferred a monthly Series G Preferred Stock distribution.

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

Record Date	Payment Date	Cash Distribution
October 22	October 29	$0.125
November 19	November 30	$0.125
December 23	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, 2021, after the stock market closes on Monday, November 1, 2021. The Company will hold a conference call Tuesday, November 2, 2021 at 8:30 a.m. EDT 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 November 9, 2021. To hear the replay, please dial (877) 660-6853 and use playback conference number 13722589.

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, 2021, Gladstone Commercial's real estate portfolio consisted of 121 properties, located in 27 states, totaling approximately 15.5 million square feet. Additional information can be found at www.gladstonecommercial.com.

Investor Relations Inquiries:

Please visit www.gladstonecommercial.com or +1-703-287-5893.

SOURCE: Gladstone Commercial Corporation

View source version on accesswire.com:
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FAQ

What is the cash distribution for Gladstone Commercial Corporation's common stock in Q4 2021?

Gladstone Commercial Corporation declared a cash distribution of $0.125275 per common share for each month in Q4 2021.

When will Gladstone Commercial Corporation report its third-quarter earnings?

The company plans to report its third-quarter earnings after market close on November 1, 2021.

What is the total cash distribution for common stock in Q4 2021?

The total cash distribution for common stock in Q4 2021 is $0.375825.

What are the cash distributions for preferred stock for Gladstone Commercial Corporation in Q4 2021?

The cash distributions for preferred stock in Q4 2021 are $0.138021 for Series E, $0.125 for Series F and G preferred stocks.