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:

(Logo: http://photos.prnewswire.com/prnh/20101005/GLADSTONECOMMERCIAL )

$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