Gladstone Commercial Corporation Reports Q3 EPS of $.12

Gladstone Commercial Corporation GOOD today reported financial results for its third quarter ended September 30, 2010. FFO for the three months ended September 30, 2010 was approximately $4.3 million, or $0.50 per share, a 26.6% increase as compared to the same period one year ago. FFO for the nine months ended September 30, 2010 was approximately $11.0 million, or $1.29 per share, an 8.9% increase as compared to the same period one year ago. Net income available to common stockholders for the three months ended September 30, 2010 was approximately $1.0 million, or $0.12 per share, as compared to net income available to common stockholders of approximately $256,000, or $0.03 per share, for the same period one year ago. Net income available to common stockholders for the nine months ended September 30, 2010 was approximately $1.0 million, or $0.12 per share, as compared to net income available to common stockholders of approximately $415,000, or $0.05 per share, for the same period one year ago.