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Equity and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2021

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.