Gladstone Commercial Corp. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on February 24, 2010).

Gladstone Commercial Corp. reported consolidated financial results for the fourth quarter and year ended December 31, 2009. FFO for the three months ended December 31, 2009 was approximately $3.4 million, or $0.39 per share, which remained constant as compared to the same period one year ago. Net income available to common stockholders for the three months was $94,114 or $0.01 per share compared to $111,802 or $0.01 per share for the same periods one year ago. Total operating revenues were $10,642,178, income from continuing operations was $1,117,315 or $0.01 per basic and diluted share. FFO for the year ended December 31, 2009 was approximately $13.5 million, or $1.58 per share, which also remained constant as compared to the same period one year ago. Net income available to common stockholders was $509,298, or $0.06 per share, compared to $819,197, or $0.10 per share, respectively, for the same periods one year ago. Total operating revenues were $42,608,937, income from continuing operations was $4,399,948 or $0.04 per basic and diluted share as compared to total operating revenues of $40,807,497, income from continuing operations of $4,873,021 or $0.09 per basic and diluted share for the same period prior year. Net cash provided by operating activities was $17,013,257 as compared to $17,575,175 for the same period prior year. The company declared monthly cash distributions of $0.125 per share on the common stock, $0.1614583 per share on the Series A Preferred Stock, and $0.15625 per share on the Series B Preferred Stock, for each of the months of January, February and March 2010.

Gladstone Commercial Corporation reported financial results for the quarter and year ended December 31, 2009. The company reported funds from operations of $3.4 million for the three months ended December 31, 2009. The company intends to look at acquisition opportunities. Chip Stelljes, President and Chief Investment Officer of the company said: "During 2009, we remained on the sidelines, preferring to avoid the market's unprecedented economic headwinds to focus on adding value to our existing portfolio. Our patience has paid off as we are seeing improved pricing returning to certain markets. We are currently reviewing several potential acquisitions and are considering raising additional equity and mortgage debt during 2010 to grow our portfolio."