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Equity and Mezzanine Equity (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):
 
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
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$41 $39 $40 $39 
Issuance of common stock, net2 — 3 1 
Repurchase of common stock, net— — — (1)
Balance, end of period$43 $39 $43 $39 
Series F Preferred Stock
Balance, beginning of period$1 $1 $1 $1 
Issuance of Series F preferred stock, net— — — — 
Redemption of Series F preferred stock, net— — — — 
Balance, end of period$1 $1 $1 $1 
Additional Paid in Capital
Balance, beginning of period$742,114 $728,580 $730,256 $721,327 
Issuance of common stock and Series F preferred stock, net37,066 690 47,911 6,725 
Repurchase of common stock, net— — — 998 
Redemption of OP Units— — 3,865 — 
Redemption of Series F preferred stock, net1,008 183 1,318 401 
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 Partnership17 (53)(3,145)(103)
Balance, end of period$780,205 $729,400 $780,205 $729,400 
Accumulated Other Comprehensive Income
Balance, beginning of period$13,759 $14,297 $7,758 $11,640 
Comprehensive income(10,456)5,089 (4,568)7,218 
Reclassification into interest expense62 409 175 937 
Balance, end of period$3,365 $19,795 $3,365 $19,795 
Distributions in Excess of Accumulated Earnings
Balance, beginning of period$(610,209)$(560,719)$(584,776)$(529,104)
Distributions declared to common, senior common, and preferred stockholders(16,168)(15,182)(46,726)(45,445)
Redemption of Series F preferred stock, net2 (1)(4)(12)
Net income available to the Company11,677 1,789 16,808 448 
Balance, end of period$(614,698)$(574,113)$(614,698)$(574,113)
Total Stockholders' Equity
Balance, beginning of period$145,707 $182,199 $153,280 $203,904 
Issuance of common stock and Series F preferred stock, net37,068 690 47,914 6,726 
Repurchase of common stock, net— — — 997 
Redemption of OP Units— — 3,865 — 
Redemption of Series F preferred stock, net1,010 182 1,314 389 
Retirement of senior common stock, net— — — 52 
Distributions declared to common, senior common, and preferred stockholders(16,168)(15,182)(46,726)(45,445)
Comprehensive income(10,456)5,089 (4,568)7,218 
Reclassification into interest expense62 409 175 937 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership17 (53)(3,145)(103)
Net income available to the Company11,677 1,789 16,808 448 
Balance, end of period$168,917 $175,123 $168,917 $175,123 
Non-Controlling Interest
Balance, beginning of period$114 $1,524 $986 $1,790 
Distributions declared to Non-controlling OP Unit holders(12)(117)(172)(352)
Redemptions of OP Units— — (3,865)— 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership(17)53 3,145 103 
Net income (loss) available (attributable) to OP Units held by Non-controlling OP Unitholders44 3 35 (78)
Balance, end of period$129 $1,463 $129 $1,463 
Total Equity$169,046 $176,586 $169,046 $176,586 
Schedule of Dividends Paid
We paid the following distributions per share for the three and nine months ended September 30, 2024 and 2023:

For the three months ended September 30,For the nine months ended September 30,
2024202320242023
Common Stock and Non-controlling OP Units$0.30 $0.30 $0.90 $0.90 
Senior Common Stock0.2625 0.2625 0.7875 0.7875 
Series E Preferred Stock0.414063 0.414063 1.242189 1.242189 
Series F Preferred Stock0.375 0.375 1.125 1.125 
Series G Preferred Stock0.375 0.375 1.125 1.125