GlobeNewswire Inc | Jul 14, 2020 04:10PM EDT

July 14, 2020

MCLEAN, Va., July 14, 2020 (GLOBE NEWSWIRE) -- 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 2020 and also announced its plan to report earnings for the second quarter ended June 30, 2020.

Cash Distributions:

Common Stock:$0.12515 cash distribution per common share for each of July, August and September 2020, payable per Table 1 below. The Company has paid 186 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 DistributionJuly 24 July 31 $0.12515August 24 August 31 $0.12515September 23 September 30 $0.12515 Total for the Quarter: $0.37545

Senior Common Stock: $0.0875 cash distribution per share of the Companys senior common stock (Senior Common) for each of July, August and September 2020, payable per Table 2 below. The Company has paid 123 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 Payment Date AmountDuring the Month of:July August 5 $0.0875August September 4 $0.0875September October 5 $0.0875 Total for the Quarter: $0.2625

Series D Preferred Stock:$0.1458333 cash distribution per share of the Companys 7.0% Series D Preferred Stock (Series D Preferred Stock) for each of July, August and September 2020, payable per Table 3 below. The Series D Preferred Stock trades on Nasdaq under the symbol GOODM. The Company has paid 50 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 DistributionJuly 24 July 31 $0.1458333August 24 August 31 $0.1458333September 23 September 30 $0.1458333 Total for the Quarter: $0.4374999

Series E Preferred Stock:$0.138021 cash distribution per share of the Companys 6.625% Series E Preferred Stock (Series E Preferred Stock) for each of July, August and September 2020, payable per Table 4 below. The Series E Preferred Stock trades on Nasdaq under the symbol GOODN. 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 DistributionJuly 24 July 31 $0.138021August 24 August 31 $0.138021September 23 September 30 $0.138021 Total for the Quarter: $0.414063

Series F Preferred Stock:$0.125 cash distribution per share of the Companys 6.0% Series F Preferred Stock (Series F Preferred Stock) for each of July, August and September 2020, 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 DistributionJuly 29 August 5 $0.125August 26 September 4 $0.125September 30 October 7 $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 second quarter ended June 30, 2020, after the stock market closes on Monday, July 27, 2020. The Company will hold a conference call Tuesday, July 28, 2020 at 8:30 a.m. EDT to discuss its earnings results. Please call (833) 519-1257 and enter conference number 5688933 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 4, 2020. To hear the replay, please dial (855) 859-2056 and use playback conference number 5688933.

The live audio broadcast of the Companys conference call will be available online at www.gladstonecommercial.com. The event will also be archived and available for replay on the Companys website through September 28, 2020.

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, 2020, Gladstone Commercials real estate portfolio consisted of 122 properties located in 28 states, totaling approximately 15.1 million square feet. Additional information can be found at www.gladstonecompanies.com.