Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December 2024 and Earnings Release and Conference Call Dates for its Third Quarter Ended September 30, 2024

Rhea-AI Summary

Gladstone Commercial (Nasdaq:GOOD) has announced cash distributions for October, November, and December 2024, as well as its plan to report earnings for Q3 2024. The company declared:

- $0.10 per common share for each month, totaling $0.30 for the quarter
- $0.0875 per share of senior common stock for each month, totaling $0.2625 for the quarter
- $0.138021 per share of Series E Preferred Stock for each month, totaling $0.414063 for the quarter
- $0.125 per share of Series F Preferred Stock for each month, totaling $0.375 for the quarter
- $0.125 per share of Series G Preferred Stock for each month, totaling $0.375 for the quarter

The company will report Q3 2024 earnings after market close on November 4, 2024, with a conference call on November 5, 2024, at 8:30 a.m. ET.

Positive

• Consistent monthly cash distributions across all share classes
• 237 consecutive monthly cash distributions on common stock
• 174 consecutive monthly cash distributions on Senior Common stock
• Earnings report and conference call scheduled, showing transparency

Negative

• None.

Insights

Financial Analyst

Gladstone Commercial's announcement of monthly cash distributions for Q4 2024 and earnings release date provides valuable insights for investors. The company continues its streak of 237 consecutive monthly cash distributions for common stock, demonstrating consistency in shareholder returns.

The distributions remain stable at $0.10 per common share monthly, totaling $0.30 for the quarter. This translates to an annualized yield of approximately 9.6% based on the current stock price, which is attractive in the current market environment.

The company's diverse portfolio of 136 properties across 27 states provides a stable income stream. However, investors should note that high yields can sometimes indicate higher risk or growth prospects. It's important to examine the company's funds from operations (FFO) and payout ratio in the upcoming earnings report to assess the sustainability of these distributions.

The scheduled earnings call on November 5, 2024, will be a key event for investors to gain insights into the company's performance and future outlook. Particular attention should be paid to occupancy rates, lease renewals and any potential impacts from the current economic climate on their industrial and office properties.

MCLEAN, VA / ACCESSWIRE / October 8, 2024 / 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 2024 and also announced its plan to report earnings for the third quarter ended September 30, 2024.

Cash Distributions:

Common Stock: $0.10 cash distribution per common share for each of October, November and December 2024, payable per Table 1 below. The Company has paid 237 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
October 22	October 31	$0.10
November 20	November 29	$0.10
December 20	December 31	$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 October, November and December 2024, payable per Table 2 below. The Company has paid 174 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
October	November 4	$0.0875
November	December 4	$0.0875
December	January 3	$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 2024, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN."

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

Record Date	Payment Date	Cash Distribution
October 22	October 31	$0.138021
November 20	November 29	$0.138021
December 20	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 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
October 24	November 4	$0.125
November 27	December 4	$0.125
December 23	January 3	$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 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
October 22	October 31	$0.125
November 20	November 29	$0.125
December 20	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, 2024, after the stock market closes on Monday, November 4, 2024. The Company will hold a conference call Tuesday, November 5, 2024 at 8:30 a.m. ET to discuss its earnings results. Please call (866) 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 November 12, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13748839.

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, 2024, Gladstone Commercial's real estate portfolio consisted of 136 properties located in 27 states, totaling approximately 16.8 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

View the original press release on accesswire.com

FAQ

What is Gladstone Commercial's dividend for common shares in Q4 2024?

Gladstone Commercial (GOOD) will pay $0.10 per common share for each month in Q4 2024, totaling $0.30 for the quarter.

When will Gladstone Commercial report Q3 2024 earnings?

Gladstone Commercial (GOOD) will report Q3 2024 earnings after the stock market closes on Monday, November 4, 2024.

What is the dividend for Gladstone Commercial's Series G Preferred Stock in Q4 2024?

Gladstone Commercial (GOOD) will pay $0.125 per share of Series G Preferred Stock for each month in Q4 2024, totaling $0.375 for the quarter.

How many consecutive monthly cash distributions has Gladstone Commercial paid on its common stock?

Gladstone Commercial (GOOD) has paid 237 consecutive monthly cash distributions on its common stock.