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Equity and Mezzanine Equity (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2021 and 2020 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 | 2020 |  | 2021 | 2020
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 | $ | 36 |  | $ | 34 |  |  | $ | 35 |  | $ | 32 |
Issuance of common stock, net | — |  | — |  |  | 1 |  | 2 |
Balance, end of period | $ | 36 |  | $ | 34 |  |  | $ | 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 | $ | 639,053 |  | $ | 599,232 |  |  | $ | 626,533 |  | $ | 571,205 |
Issuance of common stock and Series F preferred stock, net (1) | 9,099 |  | 508 |  |  | 20,411 |  | 28,438 |
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 | (40) |  | 1 |  |  | (3,644) |  | 98 |
Balance, end of period | $ | 648,112 |  | $ | 599,741 |  |  | $ | 648,112 |  | $ | 599,741 |
Accumulated Other Comprehensive Income |  |  |  |  |
Balance, beginning of period | $ | (1,921) |  | $ | (4,654) |  |  | $ | (4,345) |  | $ | (2,126) |
Comprehensive income | (720) |  | (481) |  |  | 1,704 |  | (3,009) |
Balance, end of period | $ | (2,641) |  | $ | (5,135) |  |  | $ | (2,641) |  | $ | (5,135) |
Distributions in Excess of Accumulated Earnings |  |  |  |  |
Balance, beginning of period | $ | (425,422) |  | $ | (374,259) |  |  | $ | (409,041) |  | $ | (360,978) |
Distributions declared to common, senior common, and preferred stockholders | (16,701) |  | (15,634) |  |  | (33,163) |  | (31,184) |
Redemption of Series D preferred stock, net | (2,141) |  | — |  |  | (2,141) |  | — |
Net income attributable to the Company | 2,142 |  | 993 |  |  | 2,223 |  | 3,262 |
Balance, end of period | $ | (442,122) |  | $ | (388,900) |  |  | $ | (442,122) |  | $ | (388,900) |
Total Stockholders' Equity |  |  |  |  |
Balance, beginning of period | $ | 211,747 |  | $ | 220,354 |  |  | $ | 213,183 |  | $ | 208,134 |
Issuance of common stock and Series F preferred stock, net (1) | 9,099 |  | 508 |  |  | 20,412 |  | 28,440 |
Redemption of OP Units | — |  | — |  |  | 4,812 |  | — |
Redemption of Series D preferred stock, net | (2,141) |  | — |  |  | (2,141) |  | — |
Distributions declared to common, senior common, and preferred stockholders | (16,701) |  | (15,634) |  |  | (33,163) |  | (31,184) |
Comprehensive income | (720) |  | (481) |  |  | 1,704 |  | (3,009) |
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership | (40) |  | 1 |  |  | (3,644) |  | 98 |
Net income attributable to the Company | 2,142 |  | 993 |  |  | 2,223 |  | 3,262 |
Balance, end of period | $ | 203,386 |  | $ | 205,741 |  |  | $ | 203,386 |  | $ | 205,741 |
Non-Controlling Interest |  |  |  |  |
Balance, beginning of period | $ | 1,416 |  | $ | 3,110 |  |  | $ | 2,854 |  | $ | 2,903 |
Distributions declared to Non-controlling OP Unit holders | (97) |  | (189) |  |  | (285) |  | (378) |
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 | 40 |  | (1) |  |  | 3,644 |  | (98) |
Net loss attributable to OP units held by Non-controlling OP Unitholders | (21) |  | (28) |  |  | (63) |  | (37) |
Balance, end of period | $ | 1,338 |  | $ | 2,892 |  |  | $ | 1,338 |  | $ | 2,892 |
Total Equity | $ | 204,724 |  | $ | 208,633 |  |  | $ | 204,724 |  | $ | 208,633 |
(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 and six months ended June 30, 2021 and 2020:
|  | For the three months ended June 30, |  | For the six months ended June 30, |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |
Common Stock and Non-controlling OP Units |  | $ | 0.37545 |  |  | $ | 0.37545 |  |  | $ | 0.75090 |  |  | $ | 0.75090 |  |
Senior Common Stock |  | 0.2625 |  |  | 0.2625 |  |  | 0.5250 |  |  | 0.5250 |  |
Series D Preferred Stock |  | 0.4374999 |  |  | 0.4374999 |  |  | 0.8749998 |  |  | 0.8749998 |  |
Series E Preferred Stock |  | 0.414063 |  |  | 0.414063 |  |  | 0.828126 |  |  | 0.828126 |  |
Series F Preferred Stock |  | 0.375 |  |  | 0.375 |  | (1) | 0.750 |  |  | 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.

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- 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=123467817&loc=d3e21463-112644 + Details
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