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Equity and Mezzanine Equity (Tables) | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Summary of Changes in Stockholders' Equity | The following table summarizes the changes in our equity for the three and six months ended June 30, 2020 and 2019 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Series A and B Preferred Stock | 2020 | 2019 |  | 2020 | 2019
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 |  |  | $ | 1 |  | $ | 1 |
Issuance of senior common stock, net | — |  | — |  |  | — |  | — |
Balance, end of period | $ | 1 |  | $ | 1 |  |  | $ | 1 |  | $ | 1 |
Common Stock |  |  |  |  |
Balance, beginning of period | $ | 34 |  | $ | 30 |  |  | $ | 32 |  | $ | 29 |
Issuance of common stock, net | — |  | 1 |  |  | 2 |  | 2 |
Balance, end of period | $ | 34 |  | $ | 31 |  |  | $ | 34 |  | $ | 31 |
Additional Paid in Capital |  |  |  |  |
Balance, beginning of period | $ | 599,232 |  | $ | 573,868 |  |  | $ | 571,205 |  | $ | 559,977 |
Issuance of common stock, net | 508 |  | 19,135 |  |  | 28,438 |  | 33,246 |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | 1 |  | (297 | ) |  | 98 |  | (517 | )
Balance, end of period | $ | 599,741 |  | $ | 592,706 |  |  | $ | 599,741 |  | $ | 592,706 |
Accumulated Other Comprehensive Income |  |  |  |  |
Balance, beginning of period | $ | (4,654 | ) | $ | (870 | ) |  | $ | (2,126 | ) | $ | (148 | )
Comprehensive income | (481 | ) | (989 | ) |  | (3,009 | ) | (1,711 | )
Balance, end of period | $ | (5,135 | ) | $ | (1,859 | ) |  | $ | (5,135 | ) | $ | (1,859 | )
Distributions in Excess of Accumulated Earnings |  |  |  |  |
Balance, beginning of period | $ | (374,259 | ) | $ | (319,402 | ) |  | $ | (360,978 | ) | $ | (310,117 | )
Distributions declared to common, senior common, and preferred stockholders | (15,634 | ) | (14,280 | ) |  | (31,184 | ) | (28,193 | )
Net income attributable to the Company | 993 |  | 2,221 |  |  | 3,262 |  | 6,849 |
Balance, end of period | $ | (388,900 | ) | $ | (331,461 | ) |  | $ | (388,900 | ) | $ | (331,461 | )
Total Stockholders' Equity |  |  |  |  |
Balance, beginning of period | $ | 220,354 |  | $ | 253,629 |  |  | $ | 208,134 |  | $ | 249,744 |
Issuance of common stock, net | 508 |  | 19,136 |  |  | 28,440 |  | 33,248 |
Distributions declared to common, senior common, and preferred stockholders | (15,634 | ) | (14,280 | ) |  | (31,184 | ) | (28,193 | )
Comprehensive income | (481 | ) | (989 | ) |  | (3,009 | ) | (1,711 | )
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | 1 |  | (297 | ) |  | 98 |  | (517 | )
Net income attributable to the Company | 993 |  | 2,221 |  |  | 3,262 |  | 6,849 |
Balance, end of period | $ | 205,741 |  | $ | 259,420 |  |  | $ | 205,741 |  | $ | 259,420 |
Non-Controlling Interest |  |  |  |  |
Balance, beginning of period | $ | 3,110 |  | $ | 4,662 |  |  | $ | 2,903 |  | $ | 4,675 |
Distributions declared to Non-controlling OP Unit holders | (189 | ) | (278 | ) |  | (378 | ) | (556 | )
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net | — |  | — |  |  | 502 |  | — |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | (1 | ) | 297 |  |  | (98 | ) | 517 |
Net (loss) income (attributable) available to OP units held by Non-controlling OP Unitholders | (28 | ) | (16 | ) |  | (37 | ) | 29 |
Balance, end of period | $ | 2,892 |  | $ | 4,665 |  |  | $ | 2,892 |  | $ | 4,665 |
Total Equity | $ | 208,633 |  | $ | 264,085 |  |  | $ | 208,633 |  | $ | 264,085 |
Dividends Paid | We paid the following distributions per share for the three and six months ended June 30, 2020 and 2019:
|  | For the three months ended June 30, |  | For the six months ended June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Common Stock and Non-controlling OP Units |  | $ | 0.37545 |  |  | $ | 0.37500 |  |  | $ | 0.75090 |  |  | $ | 0.75000 |
Senior Common Stock |  | 0.2625 |  |  | 0.2625 |  |  | 0.5250 |  |  | 0.5250 |
Series A Preferred Stock |  | — |  | (1) | 0.4843749 |  |  | — |  | (1) | 0.9687498 |
Series B Preferred Stock |  | — |  | (1) | 0.46875 |  |  | — |  | (1) | 0.9375 |
Series D Preferred Stock |  | 0.4374999 |  |  | 0.4374999 |  |  | 0.8749998 |  |  | 0.8749998 |
Series E Preferred Stock |  | 0.414063 |  |  | — |  |  | 0.8281260 |  |  | — |
Series F Preferred Stock |  | 0.375 |  | (2) | — |  |  | 0.375 |  | (2) | — |
(1) | We fully redeemed all outstanding shares of both Series A Preferred Stock and Series B Preferred Stock on October 28, 2019.
(2) Series F Preferred Stock distributions were declared, but not paid, as there were no Series F Preferred Stock shares outstanding on the applicable dividend record dates.

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