$GOOD
GLADSTONE COMMERCIAL CORP Stock $good

$good Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000119312515354665 Filed on October 27, 2015

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q3
Revenue	$21.82M	$21.38M	$19.01M
YoY Change	13.57%	12.42%	17.44%
Cost Of Revenue	$2.430M	$2.480M	$1.940M
YoY Change	63.09%	27.84%	36.62%
Gross Profit	$19.35M	$18.89M	$17.07M
YoY Change	9.2%	10.66%	15.57%
Gross Profit Margin	88.67%	88.37%	89.78%
Selling, General & Admin	$1.380M	$1.390M	$2.340M
YoY Change	-6.76%	-40.6%	30.73%
% of Gross Profit	7.13%	7.36%	13.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.130M	$9.010M	$7.520M
YoY Change	17.81%	19.81%	20.32%
% of Gross Profit	47.18%	47.7%	44.05%
Operating Expenses	$12.97M	$13.64M	$11.46M
YoY Change	18.23%	19.08%	32.62%
Operating Profit	$6.380M	$5.247M	$5.613M
YoY Change	-5.48%	-6.52%	-8.45%
Interest Expense	-$7.790M	$7.142M	$6.679M
YoY Change	4.99%	6.93%	1.61%
% of Operating Profit	-122.1%	136.12%	118.99%
Other Income/Expense, Net	-$6.286M	-$7.828M	-$7.328M
YoY Change	201.92%	6.82%	1.19%
Pretax Income	$2.570M	-$100.0K	$230.0K
YoY Change	-58.28%	-143.48%	-25.81%
Income Tax
% Of Pretax Income
Net Earnings	$2.567M	-$96.00K	$229.0K
YoY Change	-58.35%	-141.92%	-25.89%
Net Earnings / Revenue	11.76%	-0.45%	1.2%
Basic Earnings Per Share		-$0.06	-$0.05
Diluted Earnings Per Share	$115.9K	-$0.06	-$0.05
COMMON SHARES
Basic Shares Outstanding	22.07M shares	21.40M shares	17.74M shares
Diluted Shares Outstanding		21.40M shares	17.74M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.200M	$3.700M	$5.200M
YoY Change	-39.53%	-28.85%	15.56%
Cash & Equivalents	$5.152M	$3.730M	$5.237M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$1.100M	$16.80M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$6.300M	$20.50M	$5.200M
YoY Change	-26.74%	294.23%	15.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$668.1M	$656.6M	$607.2M
YoY Change	5.98%	8.14%	11.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$39.20M	$46.80M	$44.60M
YoY Change	-7.98%	4.93%	11.5%
Total Long-Term Assets	$820.9M	$818.0M	$754.2M
YoY Change	5.35%	8.46%	13.94%
TOTAL ASSETS
Total Short-Term Assets	$6.300M	$20.50M	$5.200M
Total Long-Term Assets	$820.9M	$818.0M	$754.2M
Total Assets	$827.2M	$838.5M	$759.4M
YoY Change	5.0%	10.41%	13.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.900M	$1.800M	$1.700M
YoY Change	111.11%	5.88%	70.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.400M	$7.800M	$1.700M
YoY Change	611.11%	358.82%	-52.78%
LONG-TERM LIABILITIES
Long-Term Debt	$563.4M	$576.9M	$544.5M
YoY Change	4.12%	5.95%	14.1%
Other Long-Term Liabilities	$21.60M	$21.50M	$16.80M
YoY Change	9.09%	27.98%	-15.15%
Total Long-Term Liabilities	$585.0M	$598.4M	$561.3M
YoY Change	4.3%	6.61%	12.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.400M	$7.800M	$1.700M
Total Long-Term Liabilities	$585.0M	$598.4M	$561.3M
Total Liabilities	$593.3M	$608.1M	$570.2M
YoY Change	4.07%	6.64%	13.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$22.00K	$22.00K	$18.00K
YoY Change	10.0%	22.22%	28.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$233.9M	$230.4M	$189.2M
YoY Change
Total Liabilities & Shareholders Equity	$827.2M	$838.5M	$759.4M
YoY Change	5.0%	10.41%	13.95%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q3
OPERATING ACTIVITIES
Net Income	$2.567M	-$96.00K	$229.0K
YoY Change	-58.35%	-141.92%	-25.89%
Depreciation, Depletion And Amortization	$9.130M	$9.010M	$7.520M
YoY Change	17.81%	19.81%	20.32%
Cash From Operating Activities	$6.610M	$8.400M	$7.640M
YoY Change	-30.57%	9.95%	-4.86%
INVESTING ACTIVITIES
Capital Expenditures	-$8.270M	-$14.90M	-$21.28M
YoY Change	-80.16%	-29.98%	-70.72%
Acquisitions
YoY Change
Other Investing Activities	$10.29M	$1.570M	-$5.900M
YoY Change	-1529.17%	-126.61%	-59100.0%
Cash From Investing Activities	$2.020M	-$13.33M	-$27.18M
YoY Change	-104.76%	-50.96%	-62.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-7.200M	5.350M	22.41M
YoY Change	-119.86%	-76.13%	-65.59%
NET CHANGE
Cash From Operating Activities	6.610M	8.400M	7.640M
Cash From Investing Activities	2.020M	-13.33M	-27.18M
Cash From Financing Activities	-7.200M	5.350M	22.41M
Net Change In Cash	1.430M	420.0K	2.870M
YoY Change	-57.57%	-85.37%	474.0%
FREE CASH FLOW
Cash From Operating Activities	$6.610M	$8.400M	$7.640M
Capital Expenditures	-$8.270M	-$14.90M	-$21.28M
Free Cash Flow	$14.88M	$23.30M	$28.92M
YoY Change	-70.94%	-19.43%	-64.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q1	us-gaap	Preferred Stock Redemption Price Per Share PreferredStockRedemptionPricePerShare	25.00
CY2015Q3	us-gaap	Other Liabilities OtherLiabilities	7644000
CY2013Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	100000000
CY2014Q3	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	1406054	sqft
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5237000
CY2014Q3	good	Number Of Properties Acquired NumberOfPropertiesAcquired	8	Property
CY2015Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	38500000	shares
CY2015Q3	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	429427	sqft
CY2015Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	21743779	shares
CY2015Q3	invest	Derivative Notional Amount DerivativeNotionalAmount	29570000
CY2015Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0294	pure
CY2015Q3	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0487	pure
CY2015Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2150000	shares
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	21743779	shares
CY2015Q3	us-gaap	Number Of Properties Subject To Ground Leases NumberOfPropertiesSubjectToGroundLeases	4	Lease
CY2015Q3	us-gaap	Secured Long Term Debt SecuredLongTermDebt	482912000
CY2015Q3	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	16946000
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	230427000
CY2015Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	1304000
CY2015Q3	us-gaap	Deferred Rent Credit DeferredRentCredit	9014000
CY2015Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	150000000
CY2015Q3	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1820000
CY2015Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	408401000
CY2015Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	63084000
CY2015Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	104877000
CY2015Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	3542000
CY2015Q3	us-gaap	Liabilities Liabilities	608056000
CY2015Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	838483000
CY2015Q3	us-gaap	Common Stock Value CommonStockValue	22000
CY2015Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2015Q3	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	7820000
CY2015Q3	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent	38500000
CY2015Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	538412000
CY2015Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	3900000
CY2015Q3	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	495600000
CY2015Q3	us-gaap	Preferred Stock Value PreferredStockValue	2000
CY2015Q3	us-gaap	Line Of Credit LineOfCredit	55500000
CY2015Q3	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	16832000
CY2015Q3	us-gaap	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	691900000
CY2015Q3	us-gaap	Notes Receivable Net NotesReceivableNet	5900000
CY2015Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	656581000
CY2015Q3	us-gaap	Assets Assets	838483000
CY2015Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	6011000
CY2015Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4761000
CY2015Q3	us-gaap	Escrow Deposit EscrowDeposit	10936000
CY2015Q3	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	177999000
CY2015Q3	us-gaap	Land Land	93265000
CY2015Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	181345000
CY2015Q3	us-gaap	Tenant Improvements TenantImprovements	47399000
CY2015Q3	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	19000
CY2015Q3	us-gaap	Other Assets OtherAssets	2671000
CY2015Q3	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	25098000
CY2015Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	105963000
CY2015Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3730000
CY2015Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	761458000
CY2015Q3	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	7932000
CY2015Q3	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	620794000
CY2015Q3	good	Number Of Existing Encumbered Properties NumberOfExistingEncumberedProperties	99	Property
CY2015Q3	good	Number Of Real Estate Properties Held For Sale NumberOfRealEstatePropertiesHeldForSale	5	Property
CY2015Q3	good	Number Of Mortgage Notes Payable NumberOfMortgageNotesPayable	46	Mortgages
CY2015Q3	good	Senior Common Stock Shares Issued SeniorCommonStockSharesIssued	993069	shares
CY2015Q3	good	Senior Common Stock Shares Authorized SeniorCommonStockSharesAuthorized	7500000	shares
CY2015Q3	good	Senior Common Stocks SeniorCommonStocks	1000
CY2015Q3	good	Senior Common Stock Shares Outstanding SeniorCommonStockSharesOutstanding	993069	shares
CY2015Q3	good	Senior Common Stock Par Value SeniorCommonStockParValue	0.001
CY2015Q3	good	Number Of Properties Acquired NumberOfPropertiesAcquired	5	Property
CY2015Q3	good	Above Market Lease Gross AboveMarketLeaseGross	9591000
CY2015Q3	good	Above Market Leases Accumulated Amortization AboveMarketLeasesAccumulatedAmortization	6307000
CY2015Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	22065674	shares
CY2015Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	13800000
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8546000
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	38500000	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19589606	shares
CY2014Q4	invest	Derivative Notional Amount DerivativeNotionalAmount	8200000
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2150000	shares
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19589606	shares
CY2014Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	459299000
CY2014Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	15939000
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	217672000
CY2014Q4	us-gaap	Deferred Rent Credit DeferredRentCredit	8594000
CY2014Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	916000
CY2014Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	369748000
CY2014Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	53696000
CY2014Q4	us-gaap	Other Liabilities OtherLiabilities	7612000
CY2014Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	92133000
CY2014Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	3616000
CY2014Q4	us-gaap	Liabilities Liabilities	570122000
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	787794000
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	20000
CY2014Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2014Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	8285000
CY2014Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent	38500000
CY2014Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	502599000
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	2000
CY2014Q4	us-gaap	Line Of Credit LineOfCredit	43300000
CY2014Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5600000
CY2014Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	630432000
CY2014Q4	us-gaap	Assets Assets	787794000
CY2014Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	6213000
CY2014Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3547000
CY2014Q4	us-gaap	Escrow Deposit EscrowDeposit	11096000
CY2014Q4	us-gaap	Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock	375000
CY2014Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	151724000
CY2014Q4	us-gaap	Land Land	88394000
CY2014Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	163034000
CY2014Q4	us-gaap	Tenant Improvements TenantImprovements	41016000
CY2014Q4	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	4000
CY2014Q4	us-gaap	Other Assets OtherAssets	1765000
CY2014Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	21728000
CY2014Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	98814000
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8599000
CY2014Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	722565000
CY2014Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	7345000
CY2014Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	593155000
CY2014Q4	good	Senior Common Stock Shares Issued SeniorCommonStockSharesIssued	809411	shares
CY2014Q4	good	Senior Common Stock Shares Authorized SeniorCommonStockSharesAuthorized	7500000	shares
CY2014Q4	good	Senior Common Stocks SeniorCommonStocks	1000
CY2014Q4	good	Senior Common Stock Shares Outstanding SeniorCommonStockSharesOutstanding	809411	shares
CY2014Q4	good	Senior Common Stock Par Value SeniorCommonStockParValue	0.001
CY2014Q4	good	Above Market Lease Gross AboveMarketLeaseGross	8314000
CY2014Q4	good	Above Market Leases Accumulated Amortization AboveMarketLeasesAccumulatedAmortization	6384000
CY2015Q1	good	Shares Of Senior Common Stock Sold In This Ongoing Offering SharesOfSeniorCommonStockSoldInThisOngoingOffering	927994	shares
CY2015Q3	good	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	0.150	pure
CY2015Q3	good	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.080	pure
CY2015Q3	good	Percentage Of Incentive Fees On Capital Gains PercentageOfIncentiveFeesOnCapitalGains	0.150	pure
CY2015Q3	good	Annual Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses AnnualBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses	0.015	pure
CY2015Q3	good	Notice Period For Termination Of Agreement Without Cause NoticePeriodForTerminationOfAgreementWithoutCause	P120D
CY2015Q3	good	Notice Period For Termination Of Agreement With Cause NoticePeriodForTerminationOfAgreementWithCause	P30D
CY2015Q3	good	Quarterly Base Management Fee In Percentage Of Stockholders Equity Adjusted To Unrealized Gains Or Losses QuarterlyBaseManagementFeeInPercentageOfStockholdersEquityAdjustedToUnrealizedGainsOrLosses	0.00375	pure
CY2015Q3	good	Quarterly Incentive Fee Per Advisory Agreement QuarterlyIncentiveFeePerAdvisoryAgreement	0.020	pure
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.93
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	18679000
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.86
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.86
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.93
	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P11Y6M
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16685162	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16685162	shares
	us-gaap	Description Of Lessee Leasing Arrangements Capital Leases DescriptionOfLesseeLeasingArrangementsCapitalLeases	The other tenants in the building have varying lease expirations from December 2015 to October 2018. No other tenants have renewal options.
	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	162000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.93
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	2000000
	us-gaap	Net Income Loss NetIncomeLoss	-12066000
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	111000
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-14423000
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-15483000
	us-gaap	Payments Of Dividends PaymentsOfDividends	22077000
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	52573000
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	2443000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	322000
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-20169000
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-1510000
	us-gaap	Payments For Commissions PaymentsForCommissions	898000
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	54540000
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	5600000
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	6085000
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	711000
	us-gaap	Tenant Reimbursements TenantReimbursements	1870000
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	65425000
	us-gaap	Straight Line Rent StraightLineRent	2808000
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	500000
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	46050000
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	300000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-3309000
	us-gaap	Operating Expenses OperatingExpenses	46437000
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	33600000
	us-gaap	Increase Decrease In Deferred Liabilities IncreaseDecreaseInDeferredLiabilities	311000
	us-gaap	Interest Expense InterestExpense	19463000
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-88040000
	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	-103000
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	66052000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	42636000
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	1202000
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	238000
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	11162000
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-538000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1495000
	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	43781000
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	67250000
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1209000
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-190000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7300000
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	14238000
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	21107000
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	33635000
	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	3417000
	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	23120000
	good	Operating Leases Income Statement Lease Revenue From Acquired Properties OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties	3016000
	good	Payments To Acquire Real Estate And Intangible Assets PaymentsToAcquireRealEstateAndIntangibleAssets	83564000
	good	Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses	5774000
	good	Asset Retirement Obligation Expense AssetRetirementObligationExpense	-96000
	good	Administration Fee AdministrationFee	1238000
	good	Payments To Lenders For Reserves Held In Escrow PaymentsToLendersForReservesHeldInEscrow	6394000
	good	Incentive Fee IncentiveFee	4305000
	good	Senior Common Dividend Issued In Dividend Reinvestment Program SeniorCommonDividendIssuedInDividendReinvestmentProgram	142000
	good	Receipts From Tenants For Reserves ReceiptsFromTenantsForReserves	2484000
	good	Annualized Straight Line Rent AnnualizedStraightLineRent	9490000
	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.79
	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	-11006000
	good	Payments To Tenants From Reserves PaymentsToTenantsFromReserves	3892000
	good	Net Income Loss Available To Common Stockholders Plus Assumed Conversion NetIncomeLossAvailableToCommonStockholdersPlusAssumedConversion	-15483000
	good	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-266000
	good	Improvements Of Existing Real Estate ImprovementsOfExistingRealEstate	5416000
	good	Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments	2000000
	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	49450000
	good	Base Management Fee BaseManagementFee	2031000
	good	Net Income Loss From Acquired Properties NetIncomeLossFromAcquiredProperties	1422000
	good	Purchase Price Of Acquired Property PurchasePriceOfAcquiredProperty	93711000
	good	Fixed Rate Debt Assumed In Connection With Acquisitions FixedRateDebtAssumedInConnectionWithAcquisitions	10147000
	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	347000
	good	Credit To Incentive Fee CreditToIncentiveFee	3013000
	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.003	pure
	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	97000
	good	Related Party Transactions Incentive Fee Net RelatedPartyTransactionsIncentiveFeeNet	1300000
	good	Receipts From Lenders For Reserves Held In Escrow ReceiptsFromLendersForReservesHeldInEscrow	1670000
	good	Payment Of Financing Fee PaymentOfFinancingFee	100000
	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	53311000
	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	438196	shares
	good	Business Acquisition Expenses BusinessAcquisitionExpenses	1114000
	good	Weighted Average Number Of Diluted Shares Outstanding Pro Forma WeightedAverageNumberOfDilutedSharesOutstandingProForma	16685162	shares
	good	Lease Expiration Period Month And Year LeaseExpirationPeriodMonthAndYear	2016-11
	good	Property Operating Expenses PropertyOperatingExpenses	3834000
	good	Gains Losses On Sales Of Real Estate GainsLossesOnSalesOfRealEstate	1240000
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	24877000
	us-gaap	Preferred Stock Redemption Date PreferredStockRedemptionDate	2017-01-31
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.09
	us-gaap	Debt Instrument Description Of Variable Rate Basis DebtInstrumentDescriptionOfVariableRateBasis	One month LIBOR was approximately 0.19%
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.09
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Amendment Flag AmendmentFlag	false
	us-gaap	Payments Of Dividends PaymentsOfDividends	27253000
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.13
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001234006
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P12Y10M24D
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE COMMERCIAL CORP
	us-gaap	Incentive Fee Description IncentiveFeeDescription	However, in no event shall the incentive fee for a particular quarter exceed by 15.0% (the cap) the average quarterly incentive fee paid by us for the previous four quarters (excluding quarters for which no incentive fee was paid).
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20820559	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20820559	shares
	dei	Document Period End Date DocumentPeriodEndDate	2015-09-30
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2788000
	us-gaap	Use Of Estimates UseOfEstimates	<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Use of Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.</p> </div>
	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	56000
	us-gaap	Debt Instrument Basis Spread On Variable Rate1 DebtInstrumentBasisSpreadOnVariableRate1	0.0019	pure
	us-gaap	Preferred Stock Redemption Terms PreferredStockRedemptionTerms	On or after January 31, 2016, we may redeem the shares at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends to and including the date of redemption.
	dei	Trading Symbol TradingSymbol	GOOD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2015-12-31
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	1700000
	us-gaap	Net Income Loss NetIncomeLoss	1030000
	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	11000
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-1895000
	us-gaap	Interest Expense InterestExpense	20912000
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-76495000
	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	138000
	us-gaap	Loan Restructuring Trial Modifications Amount LoanRestructuringTrialModificationsAmount	500000
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	46749000
	us-gaap	Repayment Of Notes Receivable From Related Parties RepaymentOfNotesReceivableFromRelatedParties	375000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	39495000
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	589000
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	59953000
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	38655000
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	892000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	946000
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-22958000
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1214000
	us-gaap	Payments For Commissions PaymentsForCommissions	532000
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	61983000
	us-gaap	Payments To Acquire Mortgage Notes Receivable PaymentsToAcquireMortgageNotesReceivable	300000
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	37216000
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1157000
	us-gaap	Tenant Reimbursements TenantReimbursements	1195000
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	64059000
	us-gaap	Straight Line Rent StraightLineRent	3034000
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	700000
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	61000000
	us-gaap	Derivative Cost Of Hedge DerivativeCostOfHedge	99000
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	100000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4869000
	us-gaap	Operating Expenses OperatingExpenses	37995000
	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	64300000
	us-gaap	Dividends Dividends	27305000
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-315000
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1045000
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1675000
	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	39579000
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	73200000
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1358000
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-231000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9700000
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	622000
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	26160000
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	61059000
	good	Number Of Long Term Mortgages Issued NumberOfLongTermMortgagesIssued	6	Mortgages
	good	Incentive Fee On Capital Gains Percentage Description IncentiveFeeOnCapitalGainsPercentageDescription	At the end of the fiscal year, if this number is positive, then the capital gain fee payable for such time period shall equal 15.0% of such amount.
	good	Senior Common Dividend Issued In Dividend Reinvestment Program SeniorCommonDividendIssuedInDividendReinvestmentProgram	53000
	good	Receipts From Tenants For Reserves ReceiptsFromTenantsForReserves	3068000
	good	Annualized Straight Line Rent AnnualizedStraightLineRent	7380000
	good	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.200	pure
	good	Number Of Properties Issued To Collateralized Mortgage Notes Payable NumberOfPropertiesIssuedToCollateralizedMortgageNotesPayable	7	Property
	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	3818000
	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	23485000
	good	Operating Leases Income Statement Lease Revenue From Acquired Properties OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties	2971000
	good	Payments To Acquire Real Estate And Intangible Assets PaymentsToAcquireRealEstateAndIntangibleAssets	71248000
	good	Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Hundred Percent Of Amount Of Pre Incentive Fee Maximum Percentage PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserHundredPercentOfAmountOfPreIncentiveFeeMaximumPercentage	0.021875	pure
	good	Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses	4954000
	good	Asset Retirement Obligation Expense AssetRetirementObligationExpense	114000
	good	Administration Fee AdministrationFee	1054000
	good	Sales Commission Fee In Percentage Of Gross Proceeds Of Shares Of Senior Common Stock Sold SalesCommissionFeeInPercentageOfGrossProceedsOfSharesOfSeniorCommonStockSold	0.030	pure
	good	Payments To Lenders For Reserves Held In Escrow PaymentsToLendersForReservesHeldInEscrow	2792000
	good	Incentive Fee IncentiveFee	4054000
	good	Credit To Incentive Fee CreditToIncentiveFee	2500000
CY2014Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-931000
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21403808	shares
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2015Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.06
CY2015Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.06
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.06
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-96000
CY2015Q3	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-1243000
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1382000
CY2015Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	20653000
	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.79
	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	1923000
	good	Payments To Tenants From Reserves PaymentsToTenantsFromReserves	1992000
	good	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.000	pure
	good	Net Income Loss Available To Common Stockholders Plus Assumed Conversion NetIncomeLossAvailableToCommonStockholdersPlusAssumedConversion	-2788000
	good	Annual Base Management Fee In Percentage Of Stockholders Equity In Excess Of Recorded Value Of Preferred Stock AnnualBaseManagementFeeInPercentageOfStockholdersEquityInExcessOfRecordedValueOfPreferredStock	0.020	pure
	good	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-394000
	good	Improvements Of Existing Real Estate ImprovementsOfExistingRealEstate	4969000
	good	Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments	1700000
	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	40495000
	good	Base Management Fee BaseManagementFee	2589000
	good	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.070	pure
	good	Net Income Loss From Acquired Properties NetIncomeLossFromAcquiredProperties	1328000
	good	Agreement Termination Date AgreementTerminationDate	2016-08-31
	good	Purchase Price Of Acquired Property PurchasePriceOfAcquiredProperty	71248000
	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	748000
	good	Refinance Of Principal Payments Maturity Period Description RefinanceOfPrincipalPaymentsMaturityPeriodDescription	This figure includes one balloon principal payment that matures in fourth quarter 2015. We plan to refinance using a combination of new mortgage debt and equity.
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.05
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21403808	shares
	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.003	pure
	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	835000
	good	Related Party Transactions Incentive Fee Net RelatedPartyTransactionsIncentiveFeeNet	1600000
	good	Receipts From Lenders For Reserves Held In Escrow ReceiptsFromLendersForReservesHeldInEscrow	2952000
	good	Payment Of Financing Fee PaymentOfFinancingFee	200000
	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	38651000
	good	Line Of Credit Facility Percentage Of Extension Fee On Initial Maturity LineOfCreditFacilityPercentageOfExtensionFeeOnInitialMaturity	0.0025	pure
	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	948347	shares
	good	Pre Incentive Fee In Percentage Of Common Stockholders Equity That Awards Adviser Twenty Percent Of Amount Of Pre Incentive Fee Minimum Percentage PreIncentiveFeeInPercentageOfCommonStockholdersEquityThatAwardsAdviserTwentyPercentOfAmountOfPreIncentiveFeeMinimumPercentage	0.021875	pure
CY2015Q3	good	Credit To Incentive Fee CreditToIncentiveFee	0
CY2015Q3	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.003	pure
	good	Business Acquisition Expenses BusinessAcquisitionExpenses	514000
	good	Weighted Average Number Of Diluted Shares Outstanding Pro Forma WeightedAverageNumberOfDilutedSharesOutstandingProForma	20820559	shares
	good	Dealer Manager Fee In Percentage Of Gross Proceeds Of Shares Of Senior Common Stock Sold DealerManagerFeeInPercentageOfGrossProceedsOfSharesOfSeniorCommonStockSold	0.070	pure
	good	Property Operating Expenses PropertyOperatingExpenses	3752000
	good	Incentive Fee On Capital Gains IncentiveFeeOnCapitalGains	0
	good	Extended Lease Expiration Date ExtendedLeaseExpirationDate	2019-03-31
	good	Number Of Lender Added NumberOfLenderAdded	3	Lenders
	good	Quarterly Incentive Fee Per Advisory Agreement QuarterlyIncentiveFeePerAdvisoryAgreement	0.0175	pure
CY2011Q1	us-gaap	Stock Issued During Period Shares Dividend Reinvestment Plan StockIssuedDuringPeriodSharesDividendReinvestmentPlan	500000	shares
CY2011Q1	good	Shares Intended To Be Offered Pursuant To Primary Offering SharesIntendedToBeOfferedPursuantToPrimaryOffering	3000000	shares
CY2014	us-gaap	Derivative Cost Of Hedge DerivativeCostOfHedge	31000
CY2015Q1	good	Shares Of Senior Common Stock Sold In This Ongoing Offering SharesOfSeniorCommonStockSoldInThisOngoingOffering	189052	shares
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	229000
CY2014Q3	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	37000
CY2014Q3	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-787000
CY2015Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	622000
CY2015Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	9006000
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7828000
CY2015Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	21375000
CY2015Q3	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	1286000
CY2015Q3	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	7820000
CY2015Q3	good	Operating Leases Income Statement Lease Revenue From Acquired Properties OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties	1762000
CY2015Q3	good	Administration Fee AdministrationFee	326000
CY2015Q3	good	Incentive Fee IncentiveFee	621000
CY2015Q3	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.26
CY2015Q3	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	43000
CY2015Q3	good	Net Income Loss Available To Common Stockholders Plus Assumed Conversion NetIncomeLossAvailableToCommonStockholdersPlusAssumedConversion	-1382000
CY2015Q3	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	13643000
CY2015Q3	good	Base Management Fee BaseManagementFee	872000
CY2015Q3	good	Net Income Loss From Acquired Properties NetIncomeLossFromAcquiredProperties	469000
CY2015Q3	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	263000
CY2015Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	300000
CY2015Q3	us-gaap	Tenant Reimbursements TenantReimbursements	437000
CY2015Q3	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	21402000
CY2015Q3	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	200000
CY2015Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	100000
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	13643000
CY2015Q3	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	9200000
CY2015Q3	us-gaap	Interest Expense InterestExpense	7142000
CY2015Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	138000
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	446000
CY2015Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3300000
CY2015Q3	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	285000
CY2015Q3	good	Related Party Transactions Incentive Fee Net RelatedPartyTransactionsIncentiveFeeNet	600000
CY2015Q3	good	Payment Of Financing Fee PaymentOfFinancingFee	20000
CY2015Q3	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	13539000
CY2015Q3	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	993069	shares
CY2015Q3	good	Weighted Average Number Of Diluted Shares Outstanding Pro Forma WeightedAverageNumberOfDilutedSharesOutstandingProForma	21403808	shares
CY2015Q3	good	Property Operating Expenses PropertyOperatingExpenses	1612000
CY2015Q3	good	Incentive Fee On Capital Gains IncentiveFeeOnCapitalGains	0
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.05
CY2014Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	-0.04
CY2014Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	-0.04
CY2014Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2014Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17739084	shares
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17739084	shares
CY2014Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	18368000
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7328000
CY2014Q3	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	19014000
CY2014Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	100000
CY2014Q3	us-gaap	Tenant Reimbursements TenantReimbursements	549000
CY2014Q3	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	21624000
CY2014Q3	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	200000
CY2014Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	300000
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	11457000
CY2014Q3	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	6100000
CY2014Q3	us-gaap	Interest Expense InterestExpense	6679000
CY2014Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	233000
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	538000
CY2014Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2600000
CY2014Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	280000
CY2014Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7516000
CY2014Q3	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	1160000
CY2014Q3	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	8029000
CY2014Q3	good	Operating Leases Income Statement Lease Revenue From Acquired Properties OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties	2105000
CY2014Q3	good	Administration Fee AdministrationFee	260000
CY2014Q3	good	Incentive Fee IncentiveFee	1538000
CY2014Q3	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.26
CY2014Q3	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	373000
CY2014Q3	good	Net Income Loss Available To Common Stockholders Plus Assumed Conversion NetIncomeLossAvailableToCommonStockholdersPlusAssumedConversion	-931000
CY2014Q3	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	12308000
CY2014Q3	good	Base Management Fee BaseManagementFee	741000
CY2014Q3	good	Net Income Loss From Acquired Properties NetIncomeLossFromAcquiredProperties	1047000
CY2014Q3	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	137000
CY2014Q3	good	Credit To Incentive Fee CreditToIncentiveFee	851000
CY2014Q3	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.003	pure
CY2014Q3	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	97000
CY2014Q3	good	Related Party Transactions Incentive Fee Net RelatedPartyTransactionsIncentiveFeeNet	700000
CY2014Q3	good	Payment Of Financing Fee PaymentOfFinancingFee	20000
CY2014Q3	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	13222000
CY2014Q3	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	518592	shares
CY2014Q3	good	Weighted Average Number Of Diluted Shares Outstanding Pro Forma WeightedAverageNumberOfDilutedSharesOutstandingProForma	17739084	shares
CY2014Q3	good	Property Operating Expenses PropertyOperatingExpenses	1202000

Files In Submission

Name	View Source	Status
0001193125-15-354665-index-headers.html	Edgar Link	pending
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0001193125-15-354665.txt	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
good-20150930.xml	Edgar Link	completed
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good-20150930_cal.xml	Edgar Link	unprocessable
good-20150930_def.xml	Edgar Link	unprocessable
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2015 Q4 Form 10-Q Financial Statement

#000119312515354665 Filed on October 27, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$GOOD GLADSTONE COMMERCIAL CORP Stock $good

2015 Q4 Form 10-Q Financial Statement

#000119312515354665 Filed on October 27, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GOOD
GLADSTONE COMMERCIAL CORP Stock $good