Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.1
Subsequent Events
 3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On April 11, 2023, our Board of Directors declared the following monthly distributions for the months of April, May and June of 2023:

 
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
April 21, 2023 April 28, 2023 $ 0.10  $ 0.138021  $ 0.125 
May 23, 2023 May 31, 2023 0.10  0.138021  0.125 
June 21, 2023 June 30, 2023 0.10  0.138021  0.125 
$ 0.30  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
April May 5, 2023 $ 0.0875 
May June 5, 2023 0.0875 
June July 5, 2023 0.0875 
$ 0.2625 
Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
April 26, 2023 May 5, 2023 $ 0.125 
May 26, 2023 June 5, 2023 0.125 
June 27, 2023 July 5, 2023 0.125 
$ 0.375 

Equity Activity

Subsequent to March 31, 2023 and through May 3, 2023, we raised $0.3 million in net proceeds from the sale of 13,172 shares of Series F Preferred Stock.

Acquisition Activity

On April 14, 2023, we purchased a 76,089 square foot industrial property in Riverdale, Illinois for $5.3 million. This property is fully leased to one tenant on a 20.0-year lease.

Financing Activity

On April 6, 2023, we repaid $2.7 million of fixed rate debt, collateralized by one property, at an interest rate of 4.16%.