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

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

The following table summarizes the changes in our stockholders’ equity for the three months ended March 31, 2016 (dollars in thousands):


																Distributions in
	Shares Issued				Shares Retired									Additional		Excess of			Total
	Preferred		Common		Senior Common			Preferred		Senior Common		Common		Paid in		Accumulated			Stockholders’
	Stock		Stock		Stock			Stock		Stock		Stock		Capital		Earnings			Equity
Balance at December 31, 2015		2,150,000		22,485,607		972,214		$	2	$	1	$	22	$	418,897	$	(185,051	)	$	233,871

Issuance of preferred stock and common stock, net		74,000		64,504		—			—		—		1		2,569		—			2,570

Retirement of senior common stock		—		—		(12,662	)		—		—		—		—		—			—

Distributions declared to common, senior common and preferred stockholders		—		—		—			—		—		—		—		(9,736	)		(9,736	)

Net income		—		—		—			—		—		—		—		853			853

Balance at December 31, 2016		2,224,000		22,550,111		959,552		$	2	$	1	$	23	$	421,466	$	(193,934	)	$	227,558

We paid the following distributions per share for the three months ended March 31, 2016 and 2015:


	For the three months ended March 31,
	2016		2015
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		0.4688		0.4688
Series C Preferred Stock		0.4453		0.4453