Gladstone Commercial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Mezzanine Equity (Tables)

Stockholders' Equity and Mezzanine Equity (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Dividends Declared

We paid the following distributions per share for the years ended December 31, 2017, 2016, and 2015:



		For the year ended December 31,
		2017				2016				2015
Common Stock		$	1.500			$	1.500			$	1.500
Senior Common Stock		1.0500				1.0500				1.0500
Series A Preferred Stock		1.9374996				1.9374996				1.9374996
Series B Preferred Stock		1.8750				1.8750				1.8750
Series C Preferred Stock		—				1.1330			(1)	1.7813
Series D Preferred Stock		1.7500				1.0538				—


(1)	We fully redeemed our Series C Preferred Stock on August 19, 2016, and paid all outstanding shareholders a prorated dividend for the month of August.

Summary of Changes in Stockholders' Equity

The characterization of distributions during each of the last three years is reflected in the table below:



		Ordinary Income			Return of Capital			Long-Term Capital Gains
Common Stock
For the year ended December 31, 2015		18.80114	%		79.50018	%		1.69868	%
For the year ended December 31, 2016		28.81758	%		71.18242	%		—	%
For the year ended December 31, 2017		39.63189	%		60.36811	%		—	%
Senior Common Stock
For the year ended December 31, 2015		91.71368	%		—	%		8.28632	%
For the year ended December 31, 2016		100.00000	%		—	%		—	%
For the year ended December 31, 2017		100.00000	%		—	%		—	%
Series A Preferred Stock
For the year ended December 31, 2015		91.71368	%		—	%		8.28632	%
For the year ended December 31, 2016		100.00000	%		—	%		—	%
For the year ended December 31, 2017		100.00000	%		—	%		—	%
Series B Preferred Stock
For the year ended December 31, 2015		91.71368	%		—	%		8.28632	%
For the year ended December 31, 2016		100.00000	%		—	%		—	%
For the year ended December 31, 2017		100.00000	%		—	%		—	%
Series C Preferred Stock
For the year ended December 31, 2015		91.71368	%		—	%		8.28632	%
For the year ended December 31, 2016		100.00000	%		—	%		—	%
For the year ended December 31, 2017		—	%		—	%		—	%
Series D Preferred Stock
For the year ended December 31, 2015		—	%		—	%		—	%
For the year ended December 31, 2016		100.00000	%		—	%		—	%
For the year ended December 31, 2017		100.00000	%		—	%		—	%