Gladstone Commercial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity and Mezzanine Equity (Tables)

Equity and Mezzanine Equity (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Dividends Declared

We paid the following distributions per share for the years ended December 31, 2019, 2018, and 2017:



		For the year ended December 31,
		2019				2018				2017
Common Stock and Non-controlling OP Units		$	1.500			$	1.500			$	1.500
Senior Common Stock		1.0500				1.0500				1.0500
Series A Preferred Stock		1.6038191			(1)	1.9374996				1.9374996
Series B Preferred Stock		1.5521			(1)	1.8750				1.8750
Series D Preferred Stock		1.7500				1.7500				1.7500
Series E Preferred Stock		0.4049			(2)	—				—


(1)	We fully redeemed our Series A and B Preferred Stock on October 28, 2019, and paid all outstanding shareholders a prorated dividend for the month of October.


(2)	We issued our new Series E Preferred Stock on October 4, 2019, paying a prorated dividend for the month of October and full dividends for November and December.

Summary of Changes in Stockholders' Equity

The characterization of distributions during each of the last three years is reflected in the table below:



		Ordinary Income			Return of Capital			Long-Term Capital Gains
Common Stock and OP Units
For the year ended December 31, 2017		39.63189	%		60.36811	%		—	%
For the year ended December 31, 2018		24.46913	%		75.53087	%		—	%
For the year ended December 31, 2019		44.46159	%		55.53841	%		—	%
Senior Common Stock
For the year ended December 31, 2017		100.00000	%		—	%		—	%
For the year ended December 31, 2018		100.00000	%		—	%		—	%
For the year ended December 31, 2019		100.00000	%		—	%		—	%
Series A Preferred Stock
For the year ended December 31, 2017		100.00000	%		—	%		—	%
For the year ended December 31, 2018		100.00000	%		—	%		—	%
For the year ended December 31, 2019		100.00000	%		—	%		—	%
Series B Preferred Stock
For the year ended December 31, 2017		100.00000	%		—	%		—	%
For the year ended December 31, 2018		100.00000	%		—	%		—	%
For the year ended December 31, 2019		100.00000	%		—	%		—	%
Series D Preferred Stock
For the year ended December 31, 2017		100.00000	%		—	%		—	%
For the year ended December 31, 2018		100.00000	%		—	%		—	%
For the year ended December 31, 2019		100.00000	%		—	%		—	%
Series E Preferred Stock
For the year ended December 31, 2017		—	%		—	%		—	%
For the year ended December 31, 2018		—	%		—	%		—	%
For the year ended December 31, 2019		100.00000	%		—	%		—	%