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

Stockholders' and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2018

The following table summarizes the changes in our stockholders’ equity for the three months ended March 31, 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	—	31,011	—		—		—		—		643			—		—			643
Conversion of senior common stock to common stock	—	8,881	(10,522	)	—		—		—		—			—		—			—
Retirement of senior common stock, net	—	—	(2,266	)	—		—		—		(34		)	—		—			(34		)
Distributions declared to common, senior common and preferred stockholders	—	—	—		—		—		—		—			—		(13,474		)	(13,474		)
Comprehensive income	—	—	—		—		—		—		—			495		—			495
Net income	—	—	—		—		—		—		—			—		4,605			4,605
Balance at March 31, 2018	2,264,000	28,423,908	892,031		$	2	$	1	$	28	$	535,399		$	530	$	(276,927	)	$	259,033

We paid the following distributions per share for the three months ended March 31, 2018 and 2017:



	For the three months ended March 31,
	2018		2017
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 D Preferred Stock	0.4374999		0.4374999