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Equity and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2023

Summary of Changes in Stockholders' Equity

The following table summarizes the changes in our equity for the three months ended March 31, 2023 and 2022 (in thousands):


	Three Months Ended March 31,
	2023		2022




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	$	39	$	37
Issuance of common stock, net	1		1
Balance, end of period	$	40	$	38
Series F Preferred Stock
Balance, beginning of period	$	1	$	—
Issuance of Series F preferred stock, net	—		—
Redemption of Series F preferred stock, net	—		—
Balance, end of period	$	1	$	—
Additional Paid in Capital
Balance, beginning of period	$	721,327	$	671,134
Issuance of common stock and Series F preferred stock, net	4,385		21,749

Redemption of Series F preferred stock, net	86		55
Retirement of senior common stock, net	52		—
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	24		(143)
Balance, end of period	$	725,874	$	692,795
Accumulated Other Comprehensive Income
Balance, beginning of period	$	11,640	$	(1,346)
Comprehensive (loss) income	(5,895)		4,267
Reclassification into interest expense	263		—
Balance, end of period	$	6,008	$	2,921
Distributions in Excess of Accumulated Earnings
Balance, beginning of period	$	(530,228)	$	(468,523)
Distributions declared to common, senior common, and preferred stockholders	(15,108)		(17,354)

Redemption of Series F preferred stock, net	(5)		(5)
Net income attributable to the Company	2,404		3,389
Balance, end of period	$	(542,937)	$	(482,493)
Total Stockholders' Equity
Balance, beginning of period	$	202,780	$	201,303
Issuance of common stock and Series F preferred stock, net	4,386		21,750


Redemption of Series F preferred stock, net	81		50
Retirement of senior common stock, net	52		—
Distributions declared to common, senior common, and preferred stockholders	(15,108)		(17,354)
Comprehensive (loss) income	(5,895)		4,267
Reclassification into interest expense	263		—
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	24		(143)
Net income attributable to the Company	2,404		3,389
Balance, end of period	$	188,987	$	213,262
Non-Controlling Interest
Balance, beginning of period	$	1,790	$	1,259
Distributions declared to Non-controlling OP Unit holders	(118)		(96)


Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership	(24)		143
Net (loss) income (attributable) available to OP units held by Non-controlling OP Unitholders	(7)		2
Balance, end of period	$	1,641	$	1,308
Total Equity	$	190,628	$	214,570

Schedule of Dividends Paid

We paid the following distributions per share for the three months ended March 31, 2023 and 2022:


	For the three months ended March 31,
	2023		2022
Common Stock and Non-controlling OP Units	$	0.30000	$	0.37620
Senior Common Stock	0.2625		0.2625




Series E Preferred Stock	0.414063		0.414063
Series F Preferred Stock	0.375		0.375
Series G Preferred Stock	0.375		0.375