Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March 2025 and Earnings Release and Conference Call Dates for its Fourth Quarter Ended December 31, 2024

Rhea-AI Summary

Gladstone Commercial (Nasdaq:GOOD) has announced its monthly cash distributions for Q1 2025 and upcoming earnings release schedule. The company declared a $0.10 monthly cash distribution per common share for January, February, and March 2025, totaling $0.30 for the quarter. This marks their 240th consecutive monthly distribution.

Additional distributions include $0.0875 per share for Senior Common Stock, $0.138021 for Series E Preferred Stock (GOODN), $0.125 for Series F Preferred Stock, and $0.125 for Series G Preferred Stock (GOODO) for each month.

The company will report Q4 2024 earnings after market close on February 18, 2025, with a conference call scheduled for February 19, 2025. As of September 30, 2024, GOOD's portfolio includes 135 properties across 27 states, comprising approximately 16.8 million square feet.

Positive

• Maintained consistent dividend payments with 240 consecutive monthly distributions
• Substantial real estate portfolio of 135 properties across 27 states
• 16.8 million square feet of total property area indicating significant scale

Negative

• None.

Insights

Financial Analyst

The quarterly distribution announcement from Gladstone Commercial maintains its established dividend rates across all share classes: $0.10 monthly for common shares ($0.30 quarterly), $0.0875 monthly for Senior Common, $0.138021 monthly for Series E Preferred and $0.125 monthly for both Series F and G Preferred shares. This consistency in distributions, marking their 240th consecutive monthly payment for common shares, signals strong operational stability in their net lease portfolio of 135 properties.

The maintained dividend levels, despite challenging market conditions, demonstrate GOOD's resilient business model and reliable income generation from their diversified portfolio spanning 27 states. Their 16.8 million square foot portfolio of industrial and office properties continues to provide predictable cash flows supporting these distributions. For income-focused investors, the preservation of these dividend rates provides ongoing yield stability in the current high-interest-rate environment.

REIT Specialist

The distribution announcement, while routine, carries strategic significance in the current commercial real estate landscape. Maintaining consistent payouts across all share classes reflects robust portfolio performance and effective capital management. The continued strength in their industrial assets likely offsets any potential weakness in the office segment, enabling stable cash flows to support these distributions.

The dividend reinvestment plan (DRIP) offering for common and Series F Preferred stockholders provides an efficient capital recycling mechanism, allowing for organic growth without significant external capital needs. With 135 properties across 27 states, this geographic diversification helps mitigate regional market risks while maintaining occupancy levels necessary to support these distribution commitments.

MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company") announced today that its board of directors declared cash distributions for the months of January, February and March 2025 and also announced its plan to report earnings for the fourth quarter ended December 31, 2024.

Cash Distributions:

Common Stock: $0.10 cash distribution per common share for each of January, February and March 2025, payable per Table 1 below. The Company has paid 240 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
January 24	January 31		$	0.10
February 19	February 28		$	0.10
March 19	March 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 January, February and March 2025, payable per Table 2 below. The Company has paid 177 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
January	February 5		$	0.0875
February	March 5		$	0.0875
March	April 4		$	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 January, February and March 2025, 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
January 24	January 31		$	0.138021
February 19	February 28		$	0.138021
March 19	March 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 January, February and March 2025, 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
January 27	February 5		$	0.125
February 25	March 5		$	0.125
March 26	April 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: $0.125 cash distribution per share of the Company's 6.00% Series G Preferred Stock ("Series G Preferred Stock") for each of January, February and March 2025, 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
January 24	January 31		$	0.125
February 19	February 28		$	0.125
March 19	March 31		$	0.125
Total for the Quarter:			$	0.375

Earnings Announcement:

The Company also announced today that it plans to report earnings for the fourth quarter ended December 31, 2024, after the stock market closes on Tuesday, February 18, 2025. The Company will hold a conference call Wednesday, February 19, 2025 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 February 26, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13750256.

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 September 30, 2024, Gladstone Commercial's real estate portfolio consisted of 135 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 (GOOD) dividend payment for Q1 2025?

Gladstone Commercial will pay $0.10 per common share monthly, totaling $0.30 for Q1 2025.

When will Gladstone Commercial (GOOD) release its Q4 2024 earnings?

The company will release Q4 2024 earnings after market close on Tuesday, February 18, 2025.

How many consecutive monthly distributions has GOOD paid to shareholders?

Gladstone Commercial has paid 240 consecutive monthly cash distributions on its common stock.

What is the size of Gladstone Commercial's (GOOD) property portfolio as of September 2024?

As of September 30, 2024, the company owned 135 properties across 27 states, totaling approximately 16.8 million square feet.

What are the dividend rates for GOOD's different stock series in Q1 2025?

The monthly rates are: $0.10 for common stock, $0.0875 for Senior Common Stock, $0.138021 for Series E Preferred Stock, $0.125 for Series F Preferred Stock, and $0.125 for Series G Preferred Stock.