XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.21.1

Equity and Mezzanine Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Equity [Abstract] |
Summary of Changes in Stockholders' Equity | The following table summarizes the changes in our equity for the three months ended March 31, 2021 and 2020 (in thousands):
| Three Months Ended March 31, |  |
| 2021 | 2020 |  |  |
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 | $ | 35 |  | $ | 32 |  |  |  |
Issuance of common stock, net | 1 |  | 2 |  |  |  |
Balance, end of period | $ | 36 |  | $ | 34 |  |  |  |
Series F Preferred Stock (1) |  |  |  |  |
Balance, beginning of period | $ | — |  | $ | — |  |  |  |
Issuance of Series F Preferred Stock, net | — |  | — |  |  |  |
Balance, end of period | $ | — |  | $ | — |  |  |  |
Additional Paid in Capital |  |  |  |  |
Balance, beginning of period | $ | 626,533 |  | $ | 571,205 |  |  |  |
Issuance of common stock and Series F Preferred Stock, net (1) | 11,312 |  | 27,930 |  |  |  |
Redemption of OP Units | 4,812 |  | — |  |  |  |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | (3,604) |  | 97 |  |  |  |
Balance, end of period | $ | 639,053 |  | $ | 599,232 |  |  |  |
Accumulated Other Comprehensive Income |  |  |  |  |
Balance, beginning of period | $ | (4,345) |  | $ | (2,126) |  |  |  |
Comprehensive income | 2,424 |  | (2,528) |  |  |  |
Balance, end of period | $ | (1,921) |  | $ | (4,654) |  |  |  |
Distributions in Excess of Accumulated Earnings |  |  |  |  |
Balance, beginning of period | $ | (409,041) |  | $ | (360,978) |  |  |  |
Distributions declared to common, senior common, and preferred stockholders | (16,460) |  | (15,548) |  |  |  |
Net income attributable to the Company | 79 |  | 2,267 |  |  |  |
Balance, end of period | $ | (425,422) |  | $ | (374,259) |  |  |  |
Total Stockholders' Equity |  |  |  |  |
Balance, beginning of period | $ | 213,183 |  | $ | 208,134 |  |  |  |
Issuance of common stock and Series F Preferred Stock, net (1) | 11,313 |  | 27,932 |  |  |  |
Redemption of OP Units | 4,812 |  | — |  |  |  |
Distributions declared to common, senior common, and preferred stockholders | (16,460) |  | (15,548) |  |  |  |
Comprehensive income | 2,424 |  | (2,528) |  |  |  |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | (3,604) |  | 97 |  |  |  |
Net income attributable to the Company | 79 |  | 2,267 |  |  |  |
Balance, end of period | $ | 211,747 |  | $ | 220,354 |  |  |  |
Non-Controlling Interest |  |  |  |  |
Balance, beginning of period | $ | 2,854 |  | $ | 2,903 |  |  |  |
Distributions declared to Non-controlling OP Unit holders | (189) |  | (189) |  |  |  |
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net | — |  | 502 |  |  |  |
Redemptions of OP Units | (4,812) |  | — |  |  |  |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | 3,604 |  | (97) |  |  |  |
Net loss attributable to OP units held by Non-controlling OP Unitholders | (41) |  | (9) |  |  |  |
Balance, end of period | $ | 1,416 |  | $ | 3,110 |  |  |  |
Total Equity | $ | 213,163 |  | $ | 223,464 |  |  |  |
(1)No shares of Series F Preferred Stock were outstanding prior to July 1, 2020.
Dividends Paid | We paid the following distributions per share for the three months ended March 31, 2021 and 2020:
|  | For the three months ended March 31, |  |
|  | 2021 |  | 2020 |  |  |  |
Common Stock and Non-controlling OP Units |  | $ | 0.37545 |  |  | $ | 0.37545 |  |  |  |  |
Senior Common Stock |  | 0.2625 |  |  | 0.2625 |  |  |  |  |
Series D Preferred Stock |  | 0.4374999 |  |  | 0.4374999 |  |  |  |  |
Series E Preferred Stock |  | 0.414063 |  |  | 0.4140630 |  |  |  |  |
Series F Preferred Stock |  | 0.375 |  |  | — |  | (1) |  |  |
(1)Prior to July 1, 2020, 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.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration