View the prospectus, containing the prospectus supplement, for the Gladstone Commercial Corporation Senior Common Offering that terminated in March 2015.
Beginning with the quarter ended September 30, 2014, we have determined an estimated value per share of the Senior Common Stock on a quarterly basis. This value is determined as of the last day of each quarter and will be posted here.
We have determined the estimated value of the Senior Common Stock as of September 30, 2023 to be derived from the consolidated undepreciated book value of the Company's assets less its contractual liabilities, divided by the number of fully diluted shares of the Company's Common Stock outstanding (which accounts for conversion of all shares of Senior Common Stock into Common Stock), as reflected in the Company's consolidated financial statements included in Item 1 of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, which were prepared in conformity with accounting principles generally accepted in the United States of America. Based on this methodology, the Company has determined that the estimated value of its Senior Common Stock as of September 30, 2023 is $13.88 per share.