$GOOD
GLADSTONE COMMERCIAL CORP Stock $good

$good Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000119312516559404 Filed on April 27, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$21.53M	$19.88M
YoY Change	8.28%	16.01%
Cost Of Revenue	$2.470M	$1.810M
YoY Change	36.46%	-7.65%
Gross Profit	$19.06M	$18.07M
YoY Change	5.48%	19.04%
Gross Profit Margin	88.54%	90.9%
Selling, General & Admin	$1.600M	$2.730M
YoY Change	-41.39%	24.09%
% of Gross Profit	8.39%	15.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.130M	$8.210M
YoY Change	11.21%	22.17%
% of Gross Profit	47.9%	45.43%
Operating Expenses	$13.26M	$11.76M
YoY Change	12.76%	-50.47%
Operating Profit	$5.803M	$6.313M
YoY Change	-8.08%	-173.78%
Interest Expense	$6.731M	$6.771M
YoY Change	-0.59%	7.9%
% of Operating Profit	115.99%	107.25%
Other Income/Expense, Net	-$7.417M	-$7.429M
YoY Change	-0.16%	7.45%
Pretax Income	$850.0K	$690.0K
YoY Change	23.19%	-105.11%
Income Tax
% Of Pretax Income
Net Earnings	$853.0K	$694.0K
YoY Change	22.91%	-105.14%
Net Earnings / Revenue	3.96%	3.49%
Basic Earnings Per Share	-$0.02	-$0.03
Diluted Earnings Per Share	-$0.02	-$0.03
COMMON SHARES
Basic Shares Outstanding	22.55M shares	20.21M shares
Diluted Shares Outstanding	22.55M shares	20.21M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.000M	$5.800M
YoY Change	-13.79%	0.0%
Cash & Equivalents	$5.010M	$5.760M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$4.200M	$3.000M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$9.200M	$8.800M
YoY Change	4.55%	-43.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$659.8M	$644.1M
YoY Change	2.44%	18.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$38.30M	$44.40M
YoY Change	-13.74%	12.98%
Total Long-Term Assets	$802.3M	$798.5M
YoY Change	0.47%	20.4%
TOTAL ASSETS
Total Short-Term Assets	$9.200M	$8.800M
Total Long-Term Assets	$802.3M	$798.5M
Total Assets	$811.5M	$807.3M
YoY Change	0.52%	18.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.900M	$1.700M
YoY Change	11.76%	41.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.600M	$1.700M
YoY Change	170.59%	-22.73%
LONG-TERM LIABILITIES
Long-Term Debt	$556.2M	$548.8M
YoY Change	1.35%	12.14%
Other Long-Term Liabilities	$21.20M	$22.20M
YoY Change	-4.5%	37.04%
Total Long-Term Liabilities	$577.4M	$571.0M
YoY Change	1.12%	12.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.600M	$1.700M
Total Long-Term Liabilities	$577.4M	$571.0M
Total Liabilities	$583.9M	$580.1M
YoY Change	0.65%	13.97%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$23.00K	$20.00K
YoY Change	15.0%	25.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$227.6M	$227.2M
YoY Change
Total Liabilities & Shareholders Equity	$811.5M	$807.3M
YoY Change	0.52%	18.91%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$853.0K	$694.0K
YoY Change	22.91%	-105.14%
Depreciation, Depletion And Amortization	$9.130M	$8.210M
YoY Change	11.21%	22.17%
Cash From Operating Activities	$8.782M	$8.940M
YoY Change	-1.77%	45.15%
INVESTING ACTIVITIES
Capital Expenditures	-$1.690M	-$30.05M
YoY Change	-94.38%	457.51%
Acquisitions
YoY Change
Other Investing Activities	$7.510M	-$660.0K
YoY Change	-1237.88%	-25.84%
Cash From Investing Activities	$5.822M	-$30.71M
YoY Change	-118.96%	389.17%
FINANCING ACTIVITIES
Cash Dividend Paid	$9.736M	$8.802M
YoY Change	10.61%	25.99%
Common Stock Issuance & Retirement, Net	-$2.622M	$18.14M
YoY Change	-114.46%	135.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$14.75M	18.93M
YoY Change	-177.9%	-824.18%
NET CHANGE
Cash From Operating Activities	$8.782M	8.940M
Cash From Investing Activities	$5.822M	-30.71M
Cash From Financing Activities	-$14.75M	18.93M
Net Change In Cash	-$142.0K	-2.840M
YoY Change	-95.0%	3.92%
FREE CASH FLOW
Cash From Operating Activities	$8.782M	$8.940M
Capital Expenditures	-$1.690M	-$30.05M
Free Cash Flow	$10.47M	$38.99M
YoY Change	-73.14%	237.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q1	us-gaap	Preferred Stock Redemption Price Per Share PreferredStockRedemptionPricePerShare	25.00
CY2012Q1	us-gaap	Deferred Offering Costs DeferredOfferingCosts	1800000
CY2015Q2	good	Interim Financing Loan For Acquisition InterimFinancingLoanForAcquisition	300000
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	22613352	shares
CY2014Q3	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	81371	sqft
CY2014Q3	us-gaap	Mortgage Loans On Real Estate MortgageLoansOnRealEstate	5600000
CY2014Q3	good	Effect Of Mortgage Loan Rate Of Return Estimate EffectOfMortgageLoanRateOfReturnEstimate	0.22	pure
CY2014Q3	good	Percentage Of Mortgage Loan Interest Earned In Cash PercentageOfMortgageLoanInterestEarnedInCash	0.090	pure
CY2013Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	100000000
CY2015Q1	us-gaap	Area Of Real Estate Property AreaOfRealEstateProperty	186834	sqft
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5760000
CY2015Q1	good	Number Of Amended And Restated Leases NumberOfAmendedAndRestatedLeases	4	Lease
CY2015Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	85000000
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	38500000	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	22550111	shares
CY2016Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	51332000
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q1	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0292	pure
CY2016Q1	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0463	pure
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2224000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	22550111	shares
CY2016Q1	us-gaap	Number Of Properties Subject To Ground Leases NumberOfPropertiesSubjectToGroundLeases	4	Lease
CY2016Q1	us-gaap	Secured Long Term Debt SecuredLongTermDebt	450664000
CY2016Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	24883000
CY2016Q1	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	17273000
CY2016Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	7200000
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	227558000
CY2016Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	1160000
CY2016Q1	us-gaap	Deferred Rent Credit DeferredRentCredit	9163000
CY2016Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	150000000
CY2016Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1898000
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	421466000
CY2016Q1	us-gaap	Other Liabilities OtherLiabilities	7250000
CY2016Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	117162000
CY2016Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	3659000
CY2016Q1	us-gaap	Liabilities Liabilities	583903000
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	811461000
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	23000
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2016Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	4569000
CY2016Q1	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent	38192000
CY2016Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	518012000
CY2016Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	3000000
CY2016Q1	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	454500000
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	2000
CY2016Q1	us-gaap	Line Of Credit LineOfCredit	42465000
CY2016Q1	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	4204000
CY2016Q1	us-gaap	Mortgage Loans On Real Estate Face Amount Of Mortgages MortgageLoansOnRealEstateFaceAmountOfMortgages	638500000
CY2016Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	659839000
CY2016Q1	us-gaap	Assets Assets	811461000
CY2016Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	6000000
CY2016Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4290000
CY2016Q1	us-gaap	Escrow Deposit EscrowDeposit	5867000
CY2016Q1	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	193934000
CY2016Q1	us-gaap	Land Land	96884000
CY2016Q1	us-gaap	Tenant Improvements TenantImprovements	47508000
CY2016Q1	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	25000
CY2016Q1	us-gaap	Other Assets OtherAssets	2525000
CY2016Q1	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	28155000
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	101571000
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5010000
CY2016Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	777001000
CY2016Q1	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	8110000
CY2016Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	632609000
CY2016Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-332000
CY2016Q1	good	Number Of Existing Encumbered Properties NumberOfExistingEncumberedProperties	97	Property
CY2016Q1	good	Number Of Mortgage Notes Payable NumberOfMortgageNotesPayable	43	Mortgages
CY2016Q1	good	Senior Common Stock Shares Issued SeniorCommonStockSharesIssued	959552	shares
CY2016Q1	good	Senior Common Stock Shares Authorized SeniorCommonStockSharesAuthorized	7500000	shares
CY2016Q1	good	Senior Common Stocks SeniorCommonStocks	1000
CY2016Q1	good	Senior Common Stock Shares Outstanding SeniorCommonStockSharesOutstanding	959552	shares
CY2016Q1	good	Senior Common Stock Par Value SeniorCommonStockParValue	0.001
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8599000
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	38500000	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	22485607	shares
CY2015Q4	invest	Derivative Notional Amount DerivativeNotionalAmount	33044000
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2150000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	22485607	shares
CY2015Q4	us-gaap	Secured Long Term Debt SecuredLongTermDebt	455863000
CY2015Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	24878000
CY2015Q4	us-gaap	Below Market Lease Gross BelowMarketLeaseGross	17951000
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	233871000
CY2015Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	868000
CY2015Q4	us-gaap	Deferred Rent Credit DeferredRentCredit	9657000
CY2015Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	1858000
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	418897000
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	7436000
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	112243000
CY2015Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	3674000
CY2015Q4	us-gaap	Liabilities Liabilities	593313000
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	827184000
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	22000
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2015Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	6388000
CY2015Q4	us-gaap	Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent	38100000
CY2015Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	525332000
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	2000
CY2015Q4	us-gaap	Line Of Credit LineOfCredit	44591000
CY2015Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation AssetsOfDisposalGroupIncludingDiscontinuedOperation	1077000
CY2015Q4	us-gaap	Notes Receivable Net NotesReceivableNet	5900000
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	668134000
CY2015Q4	us-gaap	Assets Assets	827184000
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4205000
CY2015Q4	us-gaap	Escrow Deposit EscrowDeposit	7534000
CY2015Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	185051000
CY2015Q4	us-gaap	Land Land	97117000
CY2015Q4	us-gaap	Tenant Improvements TenantImprovements	47532000
CY2015Q4	us-gaap	Interest Rate Fair Value Hedge Derivative At Fair Value Net InterestRateFairValueHedgeDerivativeAtFairValueNet	40000
CY2015Q4	us-gaap	Other Assets OtherAssets	2825000
CY2015Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	27443000
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	104914000
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5152000
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	780377000
CY2015Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	8294000
CY2015Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	635728000
CY2015Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-392000
CY2015Q4	good	Senior Common Stock Shares Issued SeniorCommonStockSharesIssued	972214	shares
CY2015Q4	good	Senior Common Stock Shares Authorized SeniorCommonStockSharesAuthorized	7500000	shares
CY2015Q4	good	Senior Common Stocks SeniorCommonStocks	1000
CY2015Q4	good	Senior Common Stock Shares Outstanding SeniorCommonStockSharesOutstanding	972214	shares
CY2015Q4	good	Senior Common Stock Par Value SeniorCommonStockParValue	0.001
CY2014Q3	good	Construction Loans Scheduled Maturity Period ConstructionLoansScheduledMaturityPeriod	2015-07
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
CY2015Q3	good	Annual Base Management Fee In Percentage Of Stockholders Equity In Excess Of Recorded Value Of Preferred Stock AnnualBaseManagementFeeInPercentageOfStockholdersEquityInExcessOfRecordedValueOfPreferredStock	0.020	pure
CY2015Q4	good	Line Of Credit Facility Expiration Month And Year LineOfCreditFacilityExpirationMonthAndYear	2019-08
CY2012Q1	us-gaap	Preferred Stock Redemption Date PreferredStockRedemptionDate	2017-01-31
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	8936000
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.03
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20210975	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20210975	shares
CY2015Q1	us-gaap	Asset Retirement Obligation Period Increase Decrease AssetRetirementObligationPeriodIncreaseDecrease	21000
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	20210975	shares
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2015Q1	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	150000
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	694000
CY2015Q1	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	28000
CY2015Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-378000
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-553000
CY2015Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	8802000
CY2015Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	19288000
CY2015Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	542000
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2000
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7429000
CY2015Q1	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	164000
CY2015Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	314000
CY2015Q1	us-gaap	Payments For Commissions PaymentsForCommissions	65000
CY2015Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	19880000
CY2015Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	2245000
CY2015Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	216000
CY2015Q1	us-gaap	Tenant Reimbursements TenantReimbursements	324000
CY2015Q1	us-gaap	Payments For Lease Commissions PaymentsForLeaseCommissions	204000
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-553000
CY2015Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	21389000
CY2015Q1	us-gaap	Straight Line Rent StraightLineRent	856000
CY2015Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	200000
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	24000000
CY2015Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	100000
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2839000
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	11757000
CY2015Q1	us-gaap	Interest Expense InterestExpense	6771000
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-30708000
CY2015Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	30000
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	18933000
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	18135000
CY2015Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	196000
CY2015Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-301000
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1008000
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	690000
CY2015Q1	us-gaap	Mortgage Loans On Real Estate New Mortgage Loans MortgageLoansOnRealEstateNewMortgageLoans	14573000
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	22000000
CY2015Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	431000
CY2015Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-77000
CY2015Q1	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	0
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3000000
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8207000
CY2015Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	14573000
CY2015Q1	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	1247000
CY2015Q1	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	7856000
CY2015Q1	good	Operating Leases Income Statement Lease Revenue From Acquired Properties OperatingLeasesIncomeStatementLeaseRevenueFromAcquiredProperties	193000
CY2015Q1	good	Payments To Acquire Real Estate And Intangible Assets PaymentsToAcquireRealEstateAndIntangibleAssets	28348000
CY2015Q1	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	12664000
CY2015Q1	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	866201	shares
CY2015Q1	good	Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses	4402000
CY2015Q1	good	Asset Retirement Obligation Expense AssetRetirementObligationExpense	38000
CY2015Q1	good	Administration Fee AdministrationFee	362000
CY2015Q1	good	Payments To Lenders For Reserves Held In Escrow PaymentsToLendersForReservesHeldInEscrow	801000
CY2015Q1	good	Incentive Fee IncentiveFee	1673000
CY2015Q1	good	Senior Common Dividend Issued In Dividend Reinvestment Program SeniorCommonDividendIssuedInDividendReinvestmentProgram	51000
CY2015Q1	good	Receipts From Tenants For Reserves ReceiptsFromTenantsForReserves	795000
CY2015Q1	good	Annualized Straight Line Rent AnnualizedStraightLineRent	3041000
CY2015Q1	good	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	-0.02
CY2015Q1	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.26
CY2015Q1	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	869000
CY2015Q1	good	Payments To Tenants From Reserves PaymentsToTenantsFromReserves	511000
CY2015Q1	good	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-141000
CY2015Q1	good	Improvements Of Existing Real Estate ImprovementsOfExistingRealEstate	1697000
CY2015Q1	good	Proceeds From Deposits Applied Against Acquisition Of Real Estate Investments ProceedsFromDepositsAppliedAgainstAcquisitionOfRealEstateInvestments	250000
CY2015Q1	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	12942000
CY2015Q1	good	Area Of Leased Property AreaOfLeasedProperty	92047	sqft
CY2015Q1	good	Base Management Fee BaseManagementFee	852000
CY2015Q1	good	Net Income Loss From Acquired Properties NetIncomeLossFromAcquiredProperties	55000
CY2015Q1	good	Purchase Price Of Acquired Property PurchasePriceOfAcquiredProperty	28348000
CY2015Q1	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	224000
CY2015Q1	good	Credit To Incentive Fee CreditToIncentiveFee	1185000
CY2015Q1	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.0026	pure
CY2015Q1	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	268000
CY2015Q1	good	Receipts From Lenders For Reserves Held In Escrow ReceiptsFromLendersForReservesHeldInEscrow	68000
CY2015Q1	good	Payment Of Financing Fee PaymentOfFinancingFee	40000
CY2015Q1	good	Business Acquisition Expenses BusinessAcquisitionExpenses	188000
CY2015Q1	good	Property Operating Expenses PropertyOperatingExpenses	962000
CY2015Q1	good	Incentive Fee On Capital Gains IncentiveFeeOnCapitalGains	0
CY2015Q1	good	Annualized Straight Line Rent On Leased Property AnnualizedStraightLineRentOnLeasedProperty	1138000
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	8782000
CY2016Q1	us-gaap	Debt Instrument Description Of Variable Rate Basis DebtInstrumentDescriptionOfVariableRateBasis	One month LIBOR was approximately 0.43%
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001234006
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	GLADSTONE COMMERCIAL CORP
CY2016Q1	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).
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22545285	shares
CY2016Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Reclassifications</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Certain prior year amounts have been reclassified to conform to the current year presentation.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU-2015-03”), which simplifies the presentation of debt issuance costs. ASU 2015-03 requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred financing cost. ASU 2015-03 is effective for annual periods beginning after December 15, 2015. We have adopted the provisions of ASU 2015-03 for the three months ended March 31, 2016. We had unamortized deferred financing fees of $6.0 and $6.1 million as of March 31, 2016 and December 31, 2015, respectively. These costs have been reclassified from deferred financing costs, net, to mortgage notes payable, net, borrowings under line of credit, net, borrowings under term loan facility, net, and Series C mandatorily redeemable preferred stock, net. All periods presented have been retrospectively adjusted.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The following table summarizes the retrospective adjustment and the overall impact on the previously reported consolidated financial statements (dollars in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px">  </p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> </p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="74%"></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="9%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="6" align="center">December 31, 2015</td> <td valign="bottom"> </td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'"> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">As Previously<br /> Reported</td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center">Retrospective<br /> Application</td> <td valign="bottom"> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Deferred financing costs, net</p> </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">6,138</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> —  </td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Mortgage notes payable, net</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">460,770</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">455,863</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Borrowings under line of credit, net</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">45,300</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">44,591</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Borrowings under term loan facility, net</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">25,000</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">24,878</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Series C mandatorily redeemable preferred stock, net</p> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">38,500</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">38,100</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> </table> <br class="Apple-interchange-newline" /></div>
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22545285	shares
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	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>
CY2016Q1	us-gaap	Preferred Stock Redemption Terms PreferredStockRedemptionTerms	As of 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.
CY2016Q1	dei	Trading Symbol TradingSymbol	GOOD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	22545285	shares
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	853000
CY2016Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-426000
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-426000
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	9736000
CY2016Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	20657000
CY2016Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2570000
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	178000
CY2016Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	52000
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-290000
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7417000
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	85000
CY2016Q1	us-gaap	Payments For Commissions PaymentsForCommissions	372000
CY2016Q1	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	21527000
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	23534000
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	380000
CY2016Q1	us-gaap	Tenant Reimbursements TenantReimbursements	485000
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-426000
CY2016Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	21527000
CY2016Q1	us-gaap	Straight Line Rent StraightLineRent	1087000
CY2016Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	200000
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	18000000
CY2016Q1	us-gaap	Derivative Cost Of Hedge DerivativeCostOfHedge	184000
CY2016Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	100000
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-142000
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	13257000
CY2016Q1	us-gaap	Dividends Dividends	9736000
CY2016Q1	us-gaap	Interest Expense InterestExpense	6731000
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	5822000
CY2016Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	59000
CY2016Q1	us-gaap	Loan Restructuring Trial Modifications Amount LoanRestructuringTrialModificationsAmount	500000
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-14746000
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2800000
CY2016Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	9000
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-303000
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-121000
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	579000
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	15800000
CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	471000
CY2016Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-60000
CY2016Q1	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	0
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3300000
CY2016Q1	us-gaap	Proceeds From Sale And Collection Of Mortgage Notes Receivable ProceedsFromSaleAndCollectionOfMortgageNotesReceivable	5900000
CY2016Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	43000
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	9133000
CY2016Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	18475000
CY2016Q1	good	Number Of Long Term Mortgages Issued NumberOfLongTermMortgagesIssued	1	Mortgages
CY2016Q1	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.
CY2016Q1	good	Number Of Properties Issued To Collateralized Mortgage Notes Payable NumberOfPropertiesIssuedToCollateralizedMortgageNotesPayable	4	Property
CY2016Q1	good	Business Acquisition Pro Forma Dividends Attributable To Preferred And Senior Common Stock BusinessAcquisitionProFormaDividendsAttributableToPreferredAndSeniorCommonStock	1279000
CY2016Q1	good	Business Acquisition Pro Forma Other Expenses BusinessAcquisitionProFormaOtherExpenses	7417000
CY2016Q1	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
CY2016Q1	good	Non Cash Capital Improvements Included In Accounts Payable And Accrued Expenses NonCashCapitalImprovementsIncludedInAccountsPayableAndAccruedExpenses	2829000
CY2016Q1	good	Asset Retirement Obligation Expense AssetRetirementObligationExpense	37000
CY2016Q1	good	Business Acquisition Pro Forma Operating Expenses BusinessAcquisitionProFormaOperatingExpenses	13257000
CY2016Q1	good	Administration Fee AdministrationFee	404000
CY2016Q1	good	Sales Commission Fee In Percentage Of Gross Proceeds Of Shares Of Senior Common Stock Sold SalesCommissionFeeInPercentageOfGrossProceedsOfSharesOfSeniorCommonStockSold	0.030	pure
CY2016Q1	good	Payments To Lenders For Reserves Held In Escrow PaymentsToLendersForReservesHeldInEscrow	476000
CY2016Q1	good	Incentive Fee IncentiveFee	618000
CY2016Q1	good	Receipts From Tenants For Reserves ReceiptsFromTenantsForReserves	763000
CY2016Q1	good	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition Two AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionTwo	0.200	pure
CY2016Q1	good	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	-0.02
CY2016Q1	good	Earnings Per Weighted Average Share Of Senior Common Stock EarningsPerWeightedAverageShareOfSeniorCommonStock	0.26
CY2016Q1	good	Business Acquisition Pro Forma Net Income BusinessAcquisitionProFormaNetIncome	853000
CY2016Q1	good	Payments To Tenants From Reserves PaymentsToTenantsFromReserves	738000
CY2016Q1	good	Amount To Be Paid To Adviser In Percentage Of Pre Incentive Fee Condition One AmountToBePaidToAdviserInPercentageOfPreIncentiveFeeConditionOne	1.000	pure
CY2016Q1	good	Amortization Of Deferred Rent Asset And Liability Net AmortizationOfDeferredRentAssetAndLiabilityNet	-102000
CY2016Q1	good	Improvements Of Existing Real Estate ImprovementsOfExistingRealEstate	1685000
CY2016Q1	good	Operating Expenses Before Credits OperatingExpensesBeforeCredits	13257000
CY2016Q1	good	Base Management Fee BaseManagementFee	861000
CY2016Q1	good	Annualized Incentive Fee Per Advisory Agreement AnnualizedIncentiveFeePerAdvisoryAgreement	0.070	pure
CY2016Q1	good	Distributions Attributable To Senior Common Stock DistributionsAttributableToSeniorCommonStock	252000
CY2016Q1	good	Credit To Incentive Fee CreditToIncentiveFee	0
CY2016Q1	good	Secured Mortgages Financing Fee Percent SecuredMortgagesFinancingFeePercent	0.0043	pure
CY2016Q1	good	Interest Income From Mortgage Note Receivable InterestIncomeFromMortgageNoteReceivable	385000
CY2016Q1	good	Receipts From Lenders For Reserves Held In Escrow ReceiptsFromLendersForReservesHeldInEscrow	2143000
CY2016Q1	good	Payment Of Financing Fee PaymentOfFinancingFee	100000
CY2016Q1	good	Line Of Credit Facility Percentage Of Extension Fee On Initial Maturity LineOfCreditFacilityPercentageOfExtensionFeeOnInitialMaturity	0.0025	pure
CY2016Q1	good	Weighted Average Shares Of Senior Common Stock Outstanding Basic WeightedAverageSharesOfSeniorCommonStockOutstandingBasic	964036	shares
CY2016Q1	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
CY2016Q1	good	Number Of Leased Properties NumberOfLeasedProperties	1	Property
CY2016Q1	good	Dealer Manager Fee In Percentage Of Gross Proceeds Of Shares Of Senior Common Stock Sold DealerManagerFeeInPercentageOfGrossProceedsOfSharesOfSeniorCommonStockSold	0.070	pure
CY2016Q1	good	Property Operating Expenses PropertyOperatingExpenses	1610000
CY2016Q1	good	Incentive Fee On Capital Gains IncentiveFeeOnCapitalGains	0
CY2016Q1	good	Number Of Lender Added NumberOfLenderAdded	3	Lenders
CY2016Q1	good	Quarterly Incentive Fee Per Advisory Agreement QuarterlyIncentiveFeePerAdvisoryAgreement	0.0175	pure
CY2016Q1	good	Number Of Combined Pool Of Unencumbered Properties NumberOfCombinedPoolOfUnencumberedProperties	22	Property
CY2016Q1	good	Number Of Acquisitions Completed NumberOfAcquisitionsCompleted	0	Acquisition

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GLADSTONE COMMERCIAL CORP Stock $good

2016 Q1 Form 10-Q Financial Statement

#000119312516559404 Filed on April 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

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Files In Submission

$GOOD GLADSTONE COMMERCIAL CORP Stock $good

2016 Q1 Form 10-Q Financial Statement

#000119312516559404 Filed on April 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$GOOD
GLADSTONE COMMERCIAL CORP Stock $good