Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.21.1
Equity and Mezzanine Equity (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three months ended March 31, 2021 and 2020 (in thousands):
 
Three Months Ended March 31,
2021 2020
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 $ 35  $ 32 
Issuance of common stock, net 1  2 
Balance, end of period $ 36  $ 34 
Series F Preferred Stock (1)
Balance, beginning of period $ —  $ — 
Issuance of Series F Preferred Stock, net —  — 
Balance, end of period $ —  $ — 
Additional Paid in Capital
Balance, beginning of period $ 626,533  $ 571,205 
Issuance of common stock and Series F Preferred Stock, net (1) 11,312  27,930 
Redemption of OP Units 4,812  — 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (3,604) 97 
Balance, end of period $ 639,053  $ 599,232 
Accumulated Other Comprehensive Income
Balance, beginning of period $ (4,345) $ (2,126)
Comprehensive income 2,424  (2,528)
Balance, end of period $ (1,921) $ (4,654)
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (409,041) $ (360,978)
Distributions declared to common, senior common, and preferred stockholders (16,460) (15,548)
Net income attributable to the Company 79  2,267 
Balance, end of period $ (425,422) $ (374,259)
Total Stockholders' Equity
Balance, beginning of period $ 213,183  $ 208,134 
Issuance of common stock and Series F Preferred Stock, net (1) 11,313  27,932 
Redemption of OP Units 4,812  — 
Distributions declared to common, senior common, and preferred stockholders (16,460) (15,548)
Comprehensive income 2,424  (2,528)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (3,604) 97 
Net income attributable to the Company 79  2,267 
Balance, end of period $ 211,747  $ 220,354 
Non-Controlling Interest
Balance, beginning of period $ 2,854  $ 2,903 
Distributions declared to Non-controlling OP Unit holders (189) (189)
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net —  502 
Redemptions of OP Units (4,812) — 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership 3,604  (97)
Net loss attributable to OP units held by Non-controlling OP Unitholders (41) (9)
Balance, end of period $ 1,416  $ 3,110 
Total Equity $ 213,163  $ 223,464 
(1)No shares of Series F Preferred Stock were outstanding prior to July 1, 2020.
Dividends Paid
We paid the following distributions per share for the three months ended March 31, 2021 and 2020:

For the three months ended March 31,
2021 2020
Common Stock and Non-controlling OP Units $ 0.37545  $ 0.37545 
Senior Common Stock 0.2625  0.2625 
Series D Preferred Stock 0.4374999  0.4374999 
Series E Preferred Stock 0.414063  0.4140630 
Series F Preferred Stock 0.375  —  (1)
(1)Prior to July 1, 2020, Series F Preferred Stock distributions were declared, but not paid, as there were no Series F Preferred Stock shares outstanding on the applicable dividend record dates.