MCLEAN, Va., July 12, 2011 /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:

(Logo: https://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL )

$0.125 per common share for each of the months July, August and September of 2011, payable per Table 1 below.

Table 1: Summary of Common Stock cash distributions for the quarter ending September 30, 2011:

Declaration Date Ex-Dividend Date Record Date  Payment Date Amount

July 12          July 20          July 22      July 29      $0.125

July 12          August 17        August 19    August 31    $0.125

July 12          September 20     September 22 September 30 $0.125

Total for the Quarter:                                      $0.375

$0.0875 for the Company's Senior Common Stock for each of the months of July, August and September of 2011, payable  per Table 2 below.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending September 30, 2011:

                 Payable to Holders of Record

Declaration Date During the Month of:         Payment Date Amount

July 12          July                         August 5     $0.0875

July 12          August                       September 8  $0.0875

July 12          September                    October 7    $0.0875

Total for the Quarter:                                     $0.2625

$0.1614583 for the Company's 7.75% Series A Cumulative Redeemable Preferred Stock for each of the months of July, August and September of 2011. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." Monthly distributions will be payable per Table 3 below.

Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending September 30, 2011:

Declaration Date Ex-Dividend Date Record Date  Payment Date Amount

July 12          July 20          July 22      July 29      $0.1614583

July 12          August 17        August 19    August 31    $0.1614583

July 12          September 20     September 22 September 30 $0.1614583

Total for the Quarter:                                      $0.4843749

$0.15625 for the Company's 7.50% Series B Cumulative Redeemable Preferred Stock for each of the months of July, August and September of 2011. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." Monthly distributions will be payable per Table 4 below.

Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending September 30, 2011:

Declaration Date Ex-Dividend Date Record Date  Payment Date Amount

July 12          July 20          July 22      July 29      $0.15625

July 12          August 17        August 19    August 31    $0.15625

July 12          September 20     September 22 September 30 $0.15625

Total for the Quarter:                                      $0.46875

The Company offers a dividend reinvestment plan (the "DRIP") to its stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Gladstone Commercial Corporation is a publicly-traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

SOURCE Gladstone Commercial Corporation