Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2018, and First Quarter Ended M...
11 April 2018 - 6:05AM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of April, May and June 2018 and also
announced its plan to report earnings for the first quarter ended
March 31, 2018.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of April, May and June 2018, payable per
Table 1 below. The Company has paid 159 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 |
April
20 |
April
30 |
$0.125 |
May
22 |
May
31 |
$0.125 |
June
20 |
June
29 |
$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 April, May and June 2018, payable per Table 2 below.
The Company has paid 96 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 |
April
|
May
7 |
$0.0875 |
May |
June
7 |
$0.0875 |
June |
July
9 |
$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
April, May and June 2018, payable per Table 3 below. The Series A
Preferred Stock trades on NASDAQ under the symbol “GOODP.” The
Company has paid 147 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 |
April
20 |
April
30 |
$0.1614583 |
May
22 |
May
31 |
$0.1614583 |
June
20 |
June
29 |
$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
April, May and June 2018, payable per Table 4 below. The Series B
Preferred Stock trades on NASDAQ under the symbol “GOODO.”
The Company has paid 138 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 |
April
20 |
April
30 |
$0.15625 |
May
22 |
May
31 |
$0.15625 |
June
20 |
June
29 |
$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 April, May and June
2018, payable per Table 5 below. The Series D Preferred Stock
trades on NASDAQ under the symbol “GOODM.” The Company has
paid 23 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 |
April
20 |
April
30 |
$0.1458333 |
May
22 |
May
31 |
$0.1458333 |
June
20 |
June
29 |
$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 first quarter ended March 31, 2018, after the
stock market closes on Tuesday, May 1, 2018. The Company will hold
a conference call Wednesday, May 2, 2018 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 May 9, 2018. To hear the replay,
please dial (855) 859-2056 and use playback conference number
54359302.
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 July 2, 2018.
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 December 31, 2017, the Company owned 99 properties located in
24 states, totaling approximately 11.5 million square feet.
Additional information can be found at
www.gladstonecompanies.com.
Investor Relations Inquiries:
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
Source: Gladstone Commercial Corporation
For further information: Gladstone Commercial Corporation, +1
703-287-5893
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