Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events

6 Months Ended

Jun. 30, 2019

Distributions

On July 9, 2019, our Board of Directors declared the following monthly distributions for the months of July, August and September of 2019:



Record Date	Payment Date	Common Stock and Non-controlling OP Unit Distributions per Share		Series A Preferred Distributions per Share		Series B Preferred Distributions per Share		Series D Preferred Distributions per Share
July 22, 2019	July 31, 2019	$	0.125	$	0.1614583	$	0.15625	$	0.1458333
August 20, 2019	August 30, 2019	0.125		0.1614583		0.15625		0.1458333
September 17, 2019	September 30, 2019	0.125		0.1614583		0.15625		0.1458333
		$	0.375	$	0.4843749	$	0.46875	$	0.4374999



Senior Common Stock Distributions
Payable to the Holders of Record During the Month of:	Payment Date	Distribution per Share
July	August 7, 2019	$	0.0875
August	September 6, 2019	0.0875
September	October 7, 2019	0.0875
		$	0.2625

ATM Equity Activity

Subsequent to June 30, 2019 and through July 30, 2019, we raised $2.6 million in net proceeds from the sale of 124,200 shares of Common Stock under our Common Stock ATM Program. We made no sales under our Series A and B Preferred ATM Program or Series D Preferred ATM Program subsequent to June 30, 2019 and through July 30, 2019.

Financing Activity

On July 2, 2019, we amended, extended and upsized our Credit Facility. Refer to Note 6 “Mortgage Notes Payable and Credit Facility” for additional information.

Acquisition Activity

On July 30, 2019, we purchased a 78,452 square foot, industrial property located in Denton, Texas for $6.5 million. This property is fully leased to one tenant for 12 years on a triple net lease basis. Annualized GAAP rent for this property is $0.5 million.