Gladstone Commercial Announces Common and Preferred Stock Distributions for April, May and June

Gladstone Commercial Corp. (NASDAQ:GOOD) (the "Company”) announced today that the Board of Directors declared monthly distributions of $0.125 per common share for each of the months of April, May and June of 2009.

The portfolio is performing as expected. Also, the Company holds no investments in sub-prime or other home mortgages or investments in the housing industry in its portfolio.

The Board of Directors declared monthly cash distributions for the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock of $0.1614583 for each of the months of April, May and June of 2009. Monthly distributions will be payable per Table 2 below. The Series A Preferred Stock trades on the Nasdaq under the symbol "GOODP.”

The Board of Directors declared monthly cash distributions for the Company’s 7.50% Series B Cumulative Redeemable Preferred Stock of $0.15625 for each of the months of April, May and June of 2009. Monthly distributions will be payable per Table 3 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO.”

Gladstone Commercial Corporation offers a Dividend Reinvestment Plan (DRIP) for its common shareholders. For more information regarding this Plan, please visit our website at www.gladstonecommercial.com.

Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Additional information can be found at www.gladstonecommercial.com.

For further information contact Investor Relations at 703-287-5893.