Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
 6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On July 13, 2021, our Board of Directors declared the following monthly distributions for the months of July, August and September of 2021:

 
Record Date Payment Date Common Stock and Non-controlling OP Unit Distributions per Share Series E Preferred Distributions per Share Series G Preferred Distributions per Share
July 23, 2021 July 30, 2021 $ 0.12515  $ 0.138021  $ 0.125 
August 23, 2021 August 31, 2021 0.12515  0.138021  0.125 
September 22, 2021 September 30, 2021 0.12515  0.138021  0.125 
$ 0.37545  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
July August 6, 2021 $ 0.0875 
August September 3, 2021 0.0875 
September October 6, 2021 0.0875 
$ 0.2625 

Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
July 28, 2021 August 6, 2021 $ 0.125 
August 25, 2021 September 3, 2021 0.125 
September 29, 2021 October 6, 2021 0.125 
$ 0.375 

Equity Activity

Equity Issuances

Subsequent to June 30, 2021 and through August 9, 2021, we raised $2.1 million in net proceeds from the sale of 95,218 shares of common stock under our Common Stock ATM Program and $1.7 million in net proceeds from the sale of 74,560 shares of Series F Preferred Stock.

Articles Supplementary Reclassifying Remaining Series D Preferred Stock

On August 5, 2021, we filed Articles Supplementary (the “Reclassification Articles Supplementary”) with the SDAT, pursuant to which our board of directors reclassified and designated the remaining 2,490,445 shares of authorized but unissued Series D Preferred Stock as additional shares of common stock. After giving effect to the filing of the Reclassification Articles Supplementary, our authorized capital stock consists of 62,290,000 shares of common stock, 6,760,000 shares of Series E Preferred Stock, 26,000,000 shares of Series F Preferred Stock, 4,000,000 shares of Series G Preferred Stock, and 950,000 shares of senior common stock. The Reclassification Articles Supplementary did not increase our authorized shares of capital stock.
Financing

On July 20, 2021, we drew the remaining $15.0 million available under our Term Loan B to fund our Pacific, Missouri acquisition.

Acquisitions

On July 21, 2021, we purchased a four property, 80,604 square foot industrial portfolio in Pacific, Missouri, for $22.1 million. These properties are fully leased to one tenant on a triple net basis with a remaining lease term of 17.4 years.