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

Stockholders' and Mezzanine Equity (Tables)

9 Months Ended

Sep. 30, 2018

The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2018 (dollars in thousands):



	Series A and B Preferred Stock	Common Stock	Senior Common Stock		Series A and B Preferred Stock		Senior Common Stock		Common Stock		Additional Paid in Capital			Accumulated Other Comprehensive Income		Distributions in Excess of Accumulated Earnings			Total Stockholders' Equity
Balance at December 31, 2017	2,264,000	28,384,016	904,819		$	2	$	1	$	28	$	534,790		$	35	$	(268,058	)	$	266,798
Issuance of Series A and B preferred stock and common stock, net	—	526,323	—		—		—		1		10,139			—		—			10,140
Conversion of senior common stock to common stock	—	16,129	(19,548	)	—		—		—		—			—		—			—
Retirement of senior common stock, net	—	—	(2,266	)	—		—		—		(34		)	—		—			(34		)
Distributions declared to common, senior common and preferred stockholders	—	—	—		—		—		—		—			—		(40,615		)	(40,615		)
Comprehensive income	—	—	—		—		—		—		—			1,028		—			1,028
Net income	—	—	—		—		—		—		—			—		9,807			9,807
Balance at September 30, 2018	2,264,000	28,926,468	883,005		$	2	$	1	$	29	$	544,895		$	1,063	$	(298,866	)	$	247,124

We paid the following distributions per share for the three and nine months ended September 30, 2018 and 2017:



	For the three months ended September 30,				For the nine months ended September 30,
	2018		2017		2018		2017
Common Stock	$	0.375	$	0.375	$	1.125	$	1.125
Senior Common Stock	0.2625		0.2625		0.7875		0.7875
Series A Preferred Stock	0.4843749		0.4843749		1.4531247		1.4531247
Series B Preferred Stock	0.46875		0.46875		1.4063		1.4063
Series D Preferred Stock	0.4374999		0.4374999		1.3124997		1.3124997