MCLEAN, Va., Jan. 11, 2011 /PRNewswire/ -- Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") announced today that its board of directors declared the following monthly distributions:

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$0.125 per common share for each of the months January, February and March of 2011, payable per Table 1 below.

Table 1: Summary of Common Stock cash distributions for the quarter ending March 31, 2011:

Declared   X Dividend-Date Record Date Payment Date Amount

January 11 January 19      January 21  January 31   $0.125

January 11 February 17     February 21 February 28  $0.125

January 11 March 17        March 21    March 31     $0.125

Total for the Quarter: $0.375

$0.0875 for the Company's Senior Common Stock for each of the months of January, February and March of 2011, payable per Table 2 below.

Table 2: Summary of Senior Common Stock cash distributions for the quarter ending March 31, 2011:

           Payable to Holders of Record During the Month
Declared   of:                                           Payment Date Amount

January 11 January                                       February 7   $0.0875

January 11 February                                      March 7      $0.0875

January 11 March                                         April 6      $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 January, February and March 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 March 31, 2011:

Declared   X Dividend-Date Record Date Payment Date Amount

January 11 January 19      January 21  January 31   $0.1614583

January 11 February 17     February 21 February 28  $0.1614583

January 11 March 17        March 21    March 31     $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 January, February and March 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 March 31, 2011:

Declared   X Dividend-Date Record Date Payment Date Amount

January 11 January 19      January 21  January 31   $0.15625

January 11 February 17     February 21 February 28  $0.15625

January 11 March 17        March 21    March 31     $0.15625

Total for the Quarter: $0.46875

The Company offers a dividend reinvestment plan (the "DRIP") to its shareholders. 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