Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2021 and First Quarter Ended March 31, 2021 Earnings Release and Conference Call Dates
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Gladstone Commercial Corporation Announces Monthly Cash Distributions for April, May and June 2021 and First Quarter Ended March 31, 2021 Earnings Release and Conference Call Dates

Tuesday, April 13, 2021 4:10 PM
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MCLEAN, VA / ACCESSWIRE / April 13, 2021 / 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 2021, and also announced its plan to report earnings for the first quarter ended March 31, 2021.

Cash Distributions:

Common Stock: $0.12515 cash distribution per common share for each of April, May, and June 2021, payable per Table 1 below. The Company has paid 195 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 23
April 30
  $ 0.12515  
May 19
May 28
  $ 0.12515  
June 18
June 30
  $ 0.12515  
Total for the Quarter:
  $ 0.37545  

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 2021, payable per Table 2 below. The Company has paid 132 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 6
  $ 0.0875  
May
June 4
  $ 0.0875  
June
July 6
  $ 0.0875  
Total for the Quarter:
  $ 0.2625  

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 2021, payable per Table 3 below. The Series D Preferred Stock trades on Nasdaq under the symbol "GOODM." The Company has paid 59 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 3: Summary of Series D Preferred Stock cash distributions:

Record Date
Payment Date
  Cash Distribution  
April 23
April 30
  $ 0.1458333  
May 19
May 28
  $ 0.1458333  
June 18
June 30
  $ 0.1458333  
Total for the Quarter:
  $ 0.4374999  

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 April, May, and June 2021, payable per Table 4 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN." The Company has paid 18 consecutive monthly cash distributions on its Series E Preferred Stock. The Company has never skipped, reduced, or deferred a monthly Series E Preferred Stock distribution.

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

Record Date
Payment Date
  Cash Distribution  
April 23
April 30
  $ 0.138021  
May 19
May 28
  $ 0.138021  
June 18
June 30
  $ 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 April, May, and June 2021, payable per Table 5 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 5: Summary of Series F Preferred Stock cash distributions:

Record Date
Payment Date
  Cash Distribution  
April 28
May 5
  $ 0.125  
May 26
June 4
  $ 0.125  
June 28
July 6
  $ 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.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the first quarter ended March 31, 2021, after the stock market closes on Monday, May 10, 2021. The Company will hold a conference call Tuesday, May 11, 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 May 18, 2021. To hear the replay, please dial (877) 660-6853 and use playback conference number 13717651.

If you are unable to participate during the live webcast, the call will also be archived on our website, www.gladstonecommercial.com.

If you have questions prior to or following the earnings release, you may e-mail them to [email protected].

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, 2020, Gladstone Commercial's real estate portfolio consisted of 121 properties located in 28 states, totaling approximately 15.4 million square feet. Additional information can be found at www.gladstonecompanies.com.

SOURCE: Gladstone Commercial Corporation

Gladstone Commercial Corporation
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