v3.10.0.1

Financial Highlights (Tables) | 6 Months Ended
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Jun. 30, 2018
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 June 30, 2018 |  | Three-Month Period Ended June 30, 2017 |  | Six-Month Period Ended June 30, 2018 |  | Six-Month Period Ended June 30, 2017
Beginning Shareholders' Equity Per Share (3/31/2018, 3/31/2017, 12/31/2017, and 12/31/2016, respectively) |  | $ | 19.56 |  |  | $ | 19.78 |  |  | $ | 19.15 |  |  | $ | 19.75 |
Net Investment Income |  | 0.36 |  |  | 0.26 |  |  | 0.70 |  |  | 0.63 |
Net Realized/Unrealized Gains (Losses) |  | 0.37 |  |  | (0.09 | ) |  | 0.72 |  |  | 0.03 |
Results of Operations Attributable to Equity |  | 0.73 |  |  | 0.17 |  |  | 1.42 |  |  | 0.66 |
Less: Results of Operations Attributable to Non-controlling Interests |  | (0.03 | ) |  | (0.01 | ) |  | (0.04 | ) |  | (0.03 | )
Results of Operations Attributable to Shareholders' Equity(1) |  | 0.70 |  |  | 0.16 |  |  | 1.38 |  |  | 0.63 |
Dividends Paid to Common Shareholders |  | (0.41 | ) |  | (0.45 | ) |  | (0.82 | ) |  | (0.90 | )
Weighted Average Share Impact on Dividends Paid (2) |  | (0.01 | ) |  | (0.01 | ) |  | (0.02 | ) |  | (0.02 | )
Accretive (Dilutive) Effect of Share Issuances (Net of Offering Costs), Share Repurchases, and Adjustments to Non-controlling Interest |  | 0.05 |  |  | 0.01 |  |  | 0.20 |  |  | 0.03 |
Ending Shareholders' Equity Per Share (6/30/2018, 6/30/2017, 6/30/2018, and 6/30/2017, respectively)(3) |  | $ | 19.89 |  |  | $ | 19.49 |  |  | $ | 19.89 |  |  | $ | 19.49 |
Shares Outstanding, end of period |  | 30,149,880 |  |  | 32,112,697 |  |  | 30,149,880 |  |  | 32,112,697 |
(1) | Calculated based on average common shares outstanding and can differ from the calculation for EPS (See Note 13).
(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 June 30, 2018 and 2017, shareholders' equity per share would be $19.57 and $19.21, 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 June 30, 2018 |  | Three-Month Period Ended June 30, 2017 |  | Six-Month Period Ended June 30, 2018 |  | Six-Month Period Ended June 30, 2017
Total Return |  | 3.78% |  | 0.82% |  | 8.24% |  | 3.32%
(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 June 30, 2018 |  | Three-Month Period Ended June 30, 2017 |  | Six-Month Period Ended June 30, 2018 |  | Six-Month Period Ended June 30, 2017
Net Investment Income |  | 7.34% |  | 5.24% |  | 7.01% |  | 6.31%
(1) | Average equity is calculated using month end values.
(2) | Includes all items of income and expense on an annualized basis except for incentive fee expense which is included on a non-annualized basis.
Expense Ratios to Average Equity | Expense Ratios to Average Equity: (1)(2)
|  | Three-Month Period Ended June 30, 2018 |  | Three-Month Period Ended June 30, 2017 |  | Six-Month Period Ended June 30, 2018 |  | Six-Month Period Ended June 30, 2017
Operating expenses, before interest expense and other investment related expenses |  | (3.01)% |  | (2.83)% |  | (2.84)% |  | (2.83)%
Incentive fee |  | (0.05)% |  | —% |  | (0.05)% |  | —%
Interest expense and other investment related expenses |  | (11.23)% |  | (6.02)% |  | (10.39)% |  | (5.37)%
Total Expenses |  | (14.29)% |  | (8.85)% |  | (13.28)% |  | (8.20)%
(1) | Average equity is calculated using month end values.
(2) | Ratios are annualized except for the incentive fee which is not annualized.

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