v3.8.0.1

Financial Highlights (Tables) | 9 Months Ended
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Sep. 30, 2017
Investment Company, Financial Highlights [Abstract] |
Results of Operations For a Share Outstanding | Results of Operations for a Share Outstanding Throughout the Periods:
|  | Three Month Period Ended |  | Nine Month Period Ended
|  | September 30, 2017 |  | September 30, 2016 |  | September 30, 2017 |  | September 30, 2016
Beginning Shareholders' Equity Per Share (6/30/2017, 6/30/2016, 12/31/2016, and 12/31/2015, respectively) |  | $ | 19.49 |  |  | $ | 20.58 |  |  | $ | 19.75 |  |  | $ | 22.10 |
Net Investment Income |  | 0.25 |  |  | 0.20 |  |  | 0.87 |  |  | 0.81 |
Net Realized/Unrealized Gains (Losses) |  | (0.05 | ) |  | (0.18 | ) |  | — |  |  | (1.35 | )
Results of Operations Attributable to Equity |  | 0.20 |  |  | 0.02 |  |  | 0.87 |  |  | (0.54 | )
Less: Results of Operations Attributable to Non-controlling Interests |  | (0.01 | ) |  | — |  |  | (0.04 | ) |  | — |
Results of Operations Attributable to Shareholders' Equity(1) |  | 0.19 |  |  | 0.02 |  |  | 0.83 |  |  | (0.54 | )
Dividends Paid to Common Shareholders |  | (0.45 | ) |  | (0.50 | ) |  | (1.35 | ) |  | (1.50 | )
Weighted Average Share Impact on Dividends Paid (2) |  | (0.01 | ) |  | (0.01 | ) |  | (0.03 | ) |  | (0.03 | )
Accretive (Dilutive) Effect of Share Issuances (Net of Offering Costs), Share Repurchases, and Adjustments to Non-controlling Interest |  | 0.02 |  |  | 0.02 |  |  | 0.04 |  |  | 0.08 |
Ending Shareholders' Equity Per Share (9/30/2017, 9/30/2016, 9/30/2017, and 9/30/2016, respectively)(3) |  | $ | 19.24 |  |  | $ | 20.11 |  |  | $ | 19.24 |  |  | $ | 20.11 |
Shares Outstanding, end of period |  | 31,992,177 |  |  | 32,619,060 |  |  | 31,992,177 |  |  | 32,619,060 |
(1) | Calculated based on average common shares outstanding and can differ from the calculation for EPS (See Note 11).
(2) | Per share impact on dividends paid relating to share issuances/repurchases during the period as well as dividends paid to LTIP and OP Unit holders.
(3) | If all LTIP Units and OP Units previously issued were vested and exchanged for common shares as of September 30, 2017 and 2016, shareholders' equity per share would be $18.96 and $19.83, respectively.
Net Asset Value Based Total Return For a Shareholder | The following table illustrates the Company's total return for the periods presented based on net asset value: Net Asset Value Based Total Return for a Shareholder: (1)
|  | Three Month Period Ended |  | Nine Month Period Ended
|  | September 30, 2017 |  | September 30, 2016 |  | September 30, 2017 |  | September 30, 2016
Total Return |  | 1.05% |  | 0.13% |  | 4.40% |  | (2.25)%
(1) | Total return is calculated assuming reinvestment of distributions at shareholders' equity per share during the period.
Net Investment Income Ratio to Average Equity | Net Investment Income Ratio to Average Equity: (1)(2)
|  | Three Month Period Ended |  | Nine Month Period Ended
|  | September 30, 2017 |  | September 30, 2016 |  | September 30, 2017 |  | September 30, 2016
Net Investment Income |  | 4.95% |  | 3.80% |  | 5.86% |  | 5.14%
(1) | Average equity is calculated using month end values.
(2) | Includes all items of income and expense on an annualized basis.
Expense Ratios to Average Equity | Expense Ratios to Average Equity: (1)(2)
|  | Three Month Period Ended |  | Nine Month Period Ended
|  | September 30, 2017 |  | September 30, 2016 |  | September 30, 2017 |  | September 30, 2016
Operating expenses, before interest expense and other investment related expenses |  | (2.76)% |  | (2.89)% |  | (2.80)% |  | (2.88)%
Interest expense and other investment related expenses |  | (6.32)% |  | (3.69)% |  | (5.69)% |  | (3.43)%
Total Expenses |  | (9.08)% |  | (6.58)% |  | (8.49)% |  | (6.31)%
(1) | Average equity is calculated using month end values.
(2) | Includes all items of income and expense on an annualized basis.

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