Quarterly report pursuant to Section 13 or 15(d)

Stockholders' and Mezzanine Equity (Tables)

v3.8.0.1
Stockholders' and Mezzanine Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our stockholders’ equity for the three months ended March 31, 2018 (dollars in thousands):
 
 
 
Series A and B Preferred Stock
 
Common Stock
 
Senior Common Stock
 
Series A and B Preferred Stock
 
Senior Common Stock
 
Common Stock
 
Additional Paid in Capital
 
Accumulated Other Comprehensive Income
 
Distributions in Excess of Accumulated Earnings
 
Total Stockholders' Equity
Balance at December 31, 2017
 
2,264,000

 
28,384,016

 
904,819

 
$
2

 
$
1

 
$
28

 
$
534,790

 
$
35

 
$
(268,058
)
 
$
266,798

Issuance of Series A and B preferred stock and common stock, net
 

 
31,011

 

 

 

 

 
643

 

 

 
643

Conversion of senior common stock to common stock
 

 
8,881

 
(10,522
)
 

 

 

 

 

 

 

Retirement of senior common stock, net
 

 

 
(2,266
)
 

 

 

 
(34
)
 

 

 
(34
)
Distributions declared to common, senior common and preferred stockholders
 

 

 

 

 

 

 

 

 
(13,474
)
 
(13,474
)
Comprehensive income
 

 

 

 

 

 

 

 
495

 

 
495

Net income
 

 

 

 

 

 

 

 

 
4,605

 
4,605

Balance at March 31, 2018
 
2,264,000

 
28,423,908

 
892,031

 
$
2

 
$
1

 
$
28

 
$
535,399

 
$
530

 
$
(276,927
)
 
$
259,033


Dividends Paid
We paid the following distributions per share for the three months ended March 31, 2018 and 2017:
 
 
 
For the three months ended March 31,
 
 
2018
 
2017
Common Stock
 
$
0.375

 
$
0.375

Senior Common Stock
 
0.2625

 
0.2625

Series A Preferred Stock
 
0.4843749

 
0.4843749

Series B Preferred Stock
 
0.46875

 
0.46875

Series D Preferred Stock
 
0.4374999

 
0.4374999