FAQ

GLADSTONE COMMERCIAL CORPORATION (NASDAQ - GOOD)

1. Where is Gladstone Commercial Corporation's common stock listed?

Our common stock is listed on NASDAQ under the symbol GOOD.
For more detailed stock information, please visit our Stock Information page.

2. Does Gladstone Commercial Corporation have a dividend reinvestment program?

For detailed information, please see our Dividend Reinvestment brochure.

3. How can I request additional information from Gladstone Commercial Corporation?

You can contact us via our Information Request page.

4. How can I receive Email alerts from Gladstone Commercial Corporation?

To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information click here to visit our Email Notification page.

5. When is your Fiscal Year End?

Our year end is December 31.

6. How can Gladstone Commercial pay such a large dividend when it has such low net income?

Net income in our financial statements does not reflect the true amount of the cash generated from operations from our real estate properties. Net income is reduced by the depreciation expense we record on the buildings we own, which is a non-cash accounting expense. That is each month we reduce the value of the building by a small percentage, recorded as depreciation expense in our financial statements, so that after 39 years the building has no value. Depreciation is somewhat of a fiction since the building is still standing at the end of the 39 years. However, we must record depreciation to comply with existing accounting regulations.

A better measure of our ability to pay dividends to shareholders is our FFO, or Funds from Operations. FFO is calculated by starting with net income and adding back the depreciation expense. FFO for 2009 was approximately $13.5 million and the company paid common dividends of approximately $12.8 million. So you can see that the company generates sufficient cash to pay the dividend. We do not currently borrow money from our line of credit to pay distributions to our shareholders.

There is an added benefit to shareholders due to the depreciation expense, since the distribution to shareholders is mostly a return of capital and that is tax free as dividend income. In 2009, approximately 94% of the distribution to shareholders was tax free dividend income.