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Equity and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Changes in Stockholders' Equity

The following table summarizes the changes in our equity for the three months ended March 31, 2022 and 2021 (in thousands):


	For the three months ended March 31,
	2022		2021




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	$	37	$	35
Issuance of common stock, net	1		1
Balance, end of period	$	38	$	36
Series F Preferred Stock
Balance, beginning of period	$	—	$	—
Issuance of Series F preferred stock, net	—		—
Redemption of Series F preferred stock, net	—		—
Balance, end of period	$	—	$	—
Additional Paid in Capital
Balance, beginning of period	$	671,134	$	626,533
Issuance of common stock and Series F preferred stock, net	21,749		11,312
Redemption of OP Units	—		4,812
Redemption of Series F preferred stock, net	55		—
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	(143)		(3,604)
Balance, end of period	$	692,795	$	639,053
Accumulated Other Comprehensive Income
Balance, beginning of period	$	(1,346)	$	(4,345)
Comprehensive income	4,267		2,424

Balance, end of period	$	2,921	$	(1,921)
Distributions in Excess of Accumulated Earnings
Balance, beginning of period	$	(468,523)	$	(409,041)
Distributions declared to common, senior common, and preferred stockholders	(17,354)		(16,460)

Redemption of Series F preferred stock, net	(5)		—
Net income attributable to the Company	3,389		79
Balance, end of period	$	(482,493)	$	(425,422)
Total Stockholders' Equity
Balance, beginning of period	$	201,303	$	213,183
Issuance of common stock and Series F preferred stock, net	21,750		11,313
Redemption of OP Units	—		4,812

Redemption of Series F preferred stock, net	50		—
Distributions declared to common, senior common, and preferred stockholders	(17,354)		(16,460)
Comprehensive income	4,267		2,424

Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	(143)		(3,604)
Net income attributable to the Company	3,389		79
Balance, end of period	$	213,262	$	211,747
Non-Controlling Interest
Balance, beginning of period	$	1,259	$	2,854
Distributions declared to Non-controlling OP Unit holders	(96)		(189)

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	143		3,604
Net loss attributable to OP units held by Non-controlling OP Unitholders	2		(41)
Balance, end of period	$	1,308	$	1,416
Total Equity	$	214,570	$	213,163

Dividends Paid

We paid the following distributions per share for the three months ended March 31, 2022 and 2021:


	For the three months ended March 31,
	2022			2021
Common Stock and Non-controlling OP Units	$	0.37620		$	0.37545
Senior Common Stock	0.2625			0.2625



Series D Preferred Stock	—		(1)	0.4374999
Series E Preferred Stock	0.414063			0.414063
Series F Preferred Stock	0.375			0.375
Series G Preferred Stock	0.375		(2)	—

(1)We redeemed all outstanding shares of our Series D Preferred Stock on June 30, 2021.

(2)Our shares of Series G Preferred Stock were issued on June 28, 2021.