Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.19.1
Equity and Mezzanine Equity (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three months ended March 31, 2019 and 2018 (in thousands):
 
 
Three Months Ended March 31,
Series A and B Preferred Stock
2019
2018
Balance, beginning of period
$
2

$
2

Issuance of Series A and B preferred stock, net


Balance, end of period
$
2

$
2

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
$
29

$
28

Issuance of common stock, net
1


Balance, end of period
$
30

$
28

Additional Paid in Capital
 
 
Balance, beginning of period
$
559,977

$
534,790

Issuance of Series A and B preferred stock and common stock, net
14,111

643

Retirement of senior common stock, net

(34
)
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership
(220
)

Balance, end of period
$
573,868

$
535,399

Accumulated Other Comprehensive Income
 
 
Balance, beginning of period
$
(148
)
$
35

Comprehensive income
(722
)
495

Balance, end of period
$
(870
)
$
530

Distributions in Excess of Accumulated Earnings
 
 
Balance, beginning of period
$
(310,117
)
$
(268,058
)
Distributions declared to common, senior common, and preferred stockholders
(13,913
)
(13,474
)
Net income
4,628

4,605

Balance, end of period
$
(319,402
)
$
(276,927
)
Total Stockholders' Equity
 
 
Balance, beginning of period
$
249,744

$
266,798

Issuance of Series A and B preferred stock and common stock, net
14,112

643

Retirement of senior common stock, net

(34
)
Distributions declared to common, senior common, and preferred stockholders
(13,913
)
(13,474
)
Comprehensive income
(722
)
495

Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership
(220
)

Net income
4,628

4,605

Balance, end of period
$
253,629

$
259,033

Non-Controlling Interest
 
 
Balance, beginning of period
$
4,675

$

Distributions declared to Non-controlling OP Unit holders
(278
)

Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership
220


Net income
45


Balance, end of period
$
4,662

$

Total Equity
$
258,291

$
259,033

Dividends Paid
We paid the following distributions per share for the three months ended March 31, 2019 and 2018:
 
 
 
For the three months ended March 31,
 
 
2019
 
2018
Common Stock and Non-controlling OP Units
 
$
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