Gladstone Commercial Corporation Announces Monthly Cash Distributions for July, August and September 2024 and Earnings Release and Conference Call Dates for its Second Quarter Ended June 30, 2024
Gladstone Commercial (NASDAQ: GOOD) has declared monthly cash distributions for July, August, and September 2024. Common stockholders will receive $0.10 per share each month, totaling $0.30 for the quarter. Senior common stockholders will receive $0.0875 per share monthly, totaling $0.2625 for the quarter. Series E Preferred Stockholders will get $0.138021 monthly, totaling $0.414063 for the quarter, while Series F and Series G Preferred Stockholders will each receive $0.125 monthly, totaling $0.375 per quarter. Additionally, Gladstone will release its Q2 2024 earnings on August 6, with a conference call scheduled for August 7.
- Declared consistent monthly cash distributions for multiple stock categories.
- Maintained a track record of consecutive monthly and quarterly distributions.
- Upcoming earnings release and conference call scheduled, indicating financial transparency.
- None.
MCLEAN, VA / ACCESSWIRE / July 9, 2024 / 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 2024 and also announced its plan to report earnings for the second quarter ended June 30, 2024.
Cash Distributions:
Common Stock:
Table 1: Summary of common stock cash distributions:
Record Date | Payment Date |
| Cash Distribution |
| |
July 22 | July 31 |
| $ | 0.10 |
|
August 21 | August 30 |
| $ | 0.10 |
|
September 20 | September 30 |
| $ | 0.10 |
|
| Total for the Quarter: |
| $ | 0.30 |
|
Senior Common Stock:
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of: | Payment Date |
| Amount |
| |
July | August 5 |
| $ | 0.0875 |
|
August | September 5 |
| $ | 0.0875 |
|
September | October 4 |
| $ | 0.0875 |
|
| Total for the Quarter: |
| $ | 0.2625 |
|
Series E Preferred Stock:
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date | Payment Date |
| Cash Distribution |
| |
July 22 | July 31 |
| $ | 0.138021 |
|
August 21 | August 30 |
| $ | 0.138021 |
|
September 20 | September 30 |
| $ | 0.138021 |
|
Total for the Quarter: |
| $ | 0.414063 |
| |
Series F Preferred Stock:
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date | Payment Date |
| Cash Distribution |
| |
July 25 | August 5 |
| $ | 0.125 |
|
August 26 | September 5 |
| $ | 0.125 |
|
September 25 | October 4 |
| $ | 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:
Table 5: Summary of Series G Preferred Stock cash distributions:
Record Date | Payment Date |
| Cash Distribution |
| |
July 22 | July 31 |
| $ | 0.125 |
|
August 21 | August 30 |
| $ | 0.125 |
|
September 20 | September 30 |
| $ | 0.125 |
|
Total for the Quarter: |
| $ | 0.375 |
| |
Earnings Announcement:
The Company also announced today that it plans to report earnings for the second quarter ended June 30, 2024, after the stock market closes on Tuesday, August 6, 2024. The Company will hold a conference call Wednesday, August 7, 2024 at 8:30 a.m. ET to discuss its earnings results. Please call (877) 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 August 14, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13746756.
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 March 31, 2024, Gladstone Commercial's real estate portfolio consisted of 132 properties located in 27 states, totaling approximately 16.7 million square feet. Additional information can be found at www.gladstonecommercial.com.
Source: Gladstone Commercial Corporation
Investor Relations Inquiries: Please visit www.gladstonecommercial.com or (703) 287-5893.
SOURCE: Gladstone Commercial Corporation
View the original press release on accesswire.com
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