Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December, 2015, and Third Qua...

Gladstone Commercial Corporation (NASDAQ:GOOD) (the "Company") announced today that on October 13, 2015, its board of directors declared the following monthly cash distributions and also announced its plan to report earnings for the third quarter ended September 30, 2015:

Cash Distributions:

Common Stock: $0.125 cash distribution per common share for each of October, November and December, 2015, payable per Table 1 below. The Company has paid 129 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions. The Company has never skipped, reduced or deferred a monthly common stock distribution since inception, over 10 years ago.

Table 1: Summary of common stock cash distributions:
Ex-Dividend Date	Record Date	Payment Date	Amount
October 22	October 26	November 4	$0.125
November 13	November 17	November 30	$0.125
December 16	December 18	December 31	$0.125
Total for the Quarter:			$0.375

Senior Common Stock: $0.0875 cash distribution per share of the Company's senior common stock ("Senior Common") for each of October, November and December, 2015, payable per Table 2 below. The Company has paid 66 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly Senior Common distribution.

Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of:	Payment Date	Amount
October	November 6	$0.0875
November	December 7	$0.0875
December	January 8	$0.0875
Total for the Quarter:		$0.2625

Series A Preferred Stock: $0.1614583 cash distribution per share of the Company's 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for each of October, November and December, 2015, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 117 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.

Table 3: Summary of Series A Preferred Stock cash distributions:
Ex-Dividend Date	Record Date	Payment Date	Amount
October 22	October 26	November 4	$0.1614583
November 13	November 17	November 30	$0.1614583
December 16	December 18	December 31	$0.1614583
Total for the Quarter:			$0.4843749

Series B Preferred Stock: $0.15625 cash distribution per share of the Company's 7.50% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") for each of October, November and December, 2015, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." The Company has paid 108 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series B Preferred Stock distribution.

Table 4: Summary of Series B Preferred Stock cash distributions:
Ex-Dividend Date	Record Date	Payment Date	Amount
October 22	October 26	November 4	$0.15625
November 13	November 17	November 30	$0.15625
December 16	December 18	December 31	$0.15625
Total for the Quarter:			$0.46875

Series C Preferred Stock: $0.1484375 cash distribution per share of the Company's 7.125% Series C Term Preferred Stock ("Series C Term Preferred Stock") for each of October, November and December, 2015, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN." The Company has paid 44 consecutive monthly cash distributions on its Series C Term Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series C Preferred Stock distribution.

Table 5: Summary of Series C Term Preferred Stock cash distributions:
Ex-Dividend Date	Record Date	Payment Date	Amount
October 22	October 26	November 4	$0.1484375
November 13	November 17	November 30	$0.1484375
December 16	December 18	December 31	$0.1484375
Total for the Quarter:			$0.4453125

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

Earnings Announcement:

The Company also announced today that it plans to report earnings for the third quarter ended September 30, 2015, after the stock market closes on Tuesday, October 27, 2015. The Company will hold a conference call Wednesday, October 28, 2015, at 8:30 a.m. EDT to discuss its earnings results. Please call [phone] to enter the conference call. An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through November 28, 2015. To hear the replay, please dial [phone] and use playback conference number 61147413.

The live audio broadcast of the Company's conference call will be available online at www.gladstonecommercial.com. The event will also be archived and available for replay on the Company's website through December 28, 2015.

If you have questions prior to or following the earnings release you may e-mail them to [e-mail].

Gladstone Commercial Corporation is a real estate investment trust ("REIT") that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The Company currently owns 101 properties. Additional information 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.

CONTACT: For further information: 
         Gladstone Commercial Corporation, [phone]