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

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Mandatorily Redeemable Preferred Stock and Stockholders' Equity [Abstract]

Summary of changes in stockholders' equity


		Preferred Stock				Senior Common Stock				Common Stock				Capital in Excess of Par Value				Notes Receivable from Employees				Distributions in Excess of Accumulated Earnings				Total Stockholders’ Equity

Balance at December 31, 2012		$	2			$	—			$	11			$	215,470			$	(410	)		$	(92,708	)		$	122,365


Issuance of senior common stock and common stock, net			—				—				—				6,108				—				—				6,108

Repayment of principal on employee notes receivable			—				—				—				—				35				—				35

Distributions declared to common, senior common and preferred stockholders			—				—				—				—				—				(5,293	)			(5,293	)

Net income			—				—				—				—				—				433				433

Balance at March 31, 2013		$	2			$	—			$	11			$	221,578			$	(375	)		$	(97,568	)		$	123,648

Dividends declared


		For the three months ended March 31,
		2013				2012

Common Stock		$	0.375			$	0.375
Senior Common Stock			0.2625				0.2625
Series A Preferred Stock			0.4843749				0.4843749
Series B Preferred Stock			0.46875				0.46875
Series C Preferred Stock ⁽¹⁾			0.4453125				0.296875

⁽¹⁾	The Series C Preferred Stock was issued on January 31, 2012.

Summary of outstanding note issued to an employee for the exercise of stock options


Date Issued		Outstanding Balance of Employee Loans at March 31, 2013				Outstanding Balance of Employee Loans at December 31, 2012				Maturity Date of Note		Interest Rate on Note

Nov 2006		$	375			$	410			Nov 2015			8.15	%


		$	375			$	410