Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

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Equity and Mezzanine Equity (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three months ended March 31, 2024 and 2023 (dollars in thousands):
 
Three Months Ended March 31,
2024 2023
Senior Common Stock
Balance, beginning of period $ 1  $ 1 
Issuance of senior common stock, net —  — 
Balance, end of period $ 1  $ 1 
Common Stock
Balance, beginning of period $ 40  $ 39 
Issuance of common stock, net —  1 
Balance, end of period $ 40  $ 40 
Series F Preferred Stock
Balance, beginning of period $ 1  $ 1 
Issuance of Series F preferred stock, net —  — 
Redemption of Series F preferred stock, net —  — 
Balance, end of period $ 1  $ 1 
Additional Paid in Capital
Balance, beginning of period $ 730,256  $ 721,327 
Issuance of common stock and Series F preferred stock, net 197  4,385 
Redemption of Series F preferred stock, net 55  86 
Retirement of senior common stock, net —  52 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (43) 24 
Balance, end of period $ 730,465  $ 725,874 
Accumulated Other Comprehensive Income
Balance, beginning of period $ 7,758  $ 11,640 
Comprehensive income (loss) 5,417  (5,895)
Reclassification into interest expense 106  263 
Balance, end of period $ 13,281  $ 6,008 
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (584,776) $ (529,104)
Distributions declared to common, senior common, and preferred stockholders (15,220) (15,108)
Redemption of Series F preferred stock, net (3) (5)
Net income available to the Company 3,524  3,174 
Balance, end of period $ (596,475) $ (541,042)
Total Stockholders' Equity
Balance, beginning of period $ 153,280  $ 203,904 
Issuance of common stock and Series F preferred stock, net 197  4,386 
Redemption of Series F preferred stock, net 52  81 
Retirement of senior common stock, net —  52 
Distributions declared to common, senior common, and preferred stockholders (15,220) (15,108)
Comprehensive income (loss) 5,417  (5,895)
Reclassification into interest expense 106  263 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (43) 24 
Net income available to the Company 3,524  3,174 
Balance, end of period $ 147,313  $ 190,882 
Non-Controlling Interest
Balance, beginning of period $ 986  $ 1,790 
Distributions declared to Non-controlling OP Unit holders (93) (118)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 43  (24)
Net income (loss) available (attributable) to OP units held by Non-controlling OP Unitholders 2  (7)
Balance, end of period $ 938  $ 1,641 
Total Equity $ 148,251  $ 192,523 
Schedule of Dividends Paid
We paid the following distributions per share for the three months ended March 31, 2024 and 2023:

For the three months ended March 31,
2024 2023
Common Stock and Non-controlling OP Units $ 0.30  $ 0.30 
Senior Common Stock 0.2625  0.2625 
Series E Preferred Stock 0.414063  0.414063 
Series F Preferred Stock 0.375  0.375 
Series G Preferred Stock 0.375  0.375