Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.22.1
Equity and Mezzanine Equity (Tables)
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three months ended March 31, 2022 and 2021 (in thousands):
 
For the three months ended March 31,
2022 2021
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 $ 37  $ 35 
Issuance of common stock, net 1  1 
Balance, end of period $ 38  $ 36 
Series F Preferred Stock
Balance, beginning of period $ —  $ — 
Issuance of Series F preferred stock, net —  — 
Redemption of Series F preferred stock, net —  — 
Balance, end of period $ —  $ — 
Additional Paid in Capital
Balance, beginning of period $ 671,134  $ 626,533 
Issuance of common stock and Series F preferred stock, net 21,749  11,312 
Redemption of OP Units —  4,812 
Redemption of Series F preferred stock, net 55  — 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (143) (3,604)
Balance, end of period $ 692,795  $ 639,053 
Accumulated Other Comprehensive Income
Balance, beginning of period $ (1,346) $ (4,345)
Comprehensive income 4,267  2,424 
Balance, end of period $ 2,921  $ (1,921)
Distributions in Excess of Accumulated Earnings
Balance, beginning of period $ (468,523) $ (409,041)
Distributions declared to common, senior common, and preferred stockholders (17,354) (16,460)
Redemption of Series F preferred stock, net (5) — 
Net income attributable to the Company 3,389  79 
Balance, end of period $ (482,493) $ (425,422)
Total Stockholders' Equity
Balance, beginning of period $ 201,303  $ 213,183 
Issuance of common stock and Series F preferred stock, net 21,750  11,313 
Redemption of OP Units —  4,812 
Redemption of Series F preferred stock, net 50  — 
Distributions declared to common, senior common, and preferred stockholders (17,354) (16,460)
Comprehensive income 4,267  2,424 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership (143) (3,604)
Net income attributable to the Company 3,389  79 
Balance, end of period $ 213,262  $ 211,747 
Non-Controlling Interest
Balance, beginning of period $ 1,259  $ 2,854 
Distributions declared to Non-controlling OP Unit holders (96) (189)
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 143  3,604 
Net loss attributable to OP units held by Non-controlling OP Unitholders 2  (41)
Balance, end of period $ 1,308  $ 1,416 
Total Equity $ 214,570  $ 213,163 
Dividends Paid
We paid the following distributions per share for the three months ended March 31, 2022 and 2021:

For the three months ended March 31,
2022 2021
Common Stock and Non-controlling OP Units $ 0.37620  $ 0.37545 
Senior Common Stock 0.2625  0.2625 
Series D Preferred Stock —  (1) 0.4374999 
Series E Preferred Stock 0.414063  0.414063 
Series F Preferred Stock 0.375  0.375 
Series G Preferred Stock 0.375  (2) — 
(1)We redeemed all outstanding shares of our Series D Preferred Stock on June 30, 2021.
(2)Our shares of Series G Preferred Stock were issued on June 28, 2021.