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Gladstone Commercial details stock issuance, property sale

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Gladstone Commercial details stock issuance, property sale

Gladstone CommercialCorp. outlined its commonstock and preferred stock issuance under its at-the-market offeringprograms and also detailed a recent property sale.

During the second quarter, the company netted $7.2 million fromthe issuance of 433,000 common shares. It also raised net proceeds of $1.0 millionfrom the issuance of 40,000 shares of its 7.5% series B preferred stock and $500,000from the sale of 20,000 shares of its 7.00% seriesD preferred stock.

Subsequent to quarter-end, the company added net proceeds of$10.2 million from the issuance of 600,000 common shares and another $5.1 millionfrom the sale of 204,000 shares of its 7.00% series D preferred stock.

Also during the second quarter, the company sold an unoccupiedDayton, Ohio, property for $200,000.