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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Common Stock | Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | Accumulated Undistributed Net Income | Accumulated Distributions in Excess of Net Income | Non-Controlling Interests in Consolidated Joint Ventures | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balances at Dec. 31, 2018 | $ 18,736 | $ 287,250 | $ 1,890 |  | $ (10,730) | $ 1,449 | $ 298,595
Distributions - common stock |  |  |  |  |  |  |
Cash |  |  |  |  | (8,832) |  | (8,832)
Restricted stock vesting | 112 | (112) |  |  |  |  |
Shares issued through equity offering program - net | 37 | 1,002 |  |  |  |  | 1,039
Shares issued through dividend reinvestment plan | 52 | 1,147 |  |  |  |  | 1,199
Distributions to non-controlling interests |  |  |  |  |  | (5) | (5)
Compensation expense - restricted stock |  | 954 |  |  |  |  | 954
Net income |  |  |  | $ 3,971 |  | 40 | 4,011
Other comprehensive income (loss) |  |  | (1,572) |  |  | (5) | (1,577)
Balances at Mar. 31, 2019 | 18,937 | 290,241 | 318 |  | (15,591) | 1,479 | 295,384
Balances at Dec. 31, 2018 | 18,736 | 287,250 | 1,890 |  | (10,730) | 1,449 | 298,595
Distributions - common stock |  |  |  |  |  |  |
Net income |  |  |  |  |  |  | 8,569
Balances at Jun. 30, 2019 | 19,139 | 296,840 | (2,196) |  | (20,401) | 1,229 | 294,611
Balances at Mar. 31, 2019 | 18,937 | 290,241 | 318 |  | (15,591) | 1,479 | 295,384
Distributions - common stock |  |  |  |  |  |  |
Cash |  |  |  |  | (8,922) |  | (8,922)
Shares issued through equity offering program - net | 143 | 4,132 |  |  |  |  | 4,275
Shares issued through dividend reinvestment plan | 59 | 1,529 |  |  |  |  | 1,588
Distributions to non-controlling interests |  |  |  |  |  | (692) | (692)
Compensation expense - restricted stock |  | 938 |  |  |  |  | 938
Net income |  |  |  | 4,112 |  | 446 | 4,558
Other comprehensive income (loss) |  |  | (2,514) |  |  | (4) | (2,518)
Balances at Jun. 30, 2019 | 19,139 | 296,840 | (2,196) |  | (20,401) | 1,229 | 294,611
Balances at Dec. 31, 2019 | 19,251 | 301,517 | (1,623) |  | (28,382) | 1,221 | 291,984
Distributions - common stock |  |  |  |  |  |  |
Cash |  |  |  |  | (9,036) |  | (9,036)
Restricted stock vesting | 122 | (122) |  |  |  |  |
Shares issued through dividend reinvestment plan | 7 | 159 |  |  |  |  | 166
Distributions to non-controlling interests |  |  |  |  |  | (8) | (8)
Compensation expense - restricted stock |  | 976 |  |  |  |  | 976
Net income |  |  |  | 7,826 |  | 5 | 7,831
Other comprehensive income (loss) |  |  | (4,809) |  |  | (9) | (4,818)
Balances at Mar. 31, 2020 | 19,380 | 302,530 | (6,432) |  | (29,592) | 1,209 | 287,095
Balances at Dec. 31, 2019 | 19,251 | 301,517 | (1,623) |  | (28,382) | 1,221 | 291,984
Distributions - common stock |  |  |  |  |  |  |
Net income |  |  |  |  |  |  | 10,116
Balances at Jun. 30, 2020 | 19,450 | 304,649 | (6,004) |  | (36,377) | 1,206 | 282,924
Balances at Mar. 31, 2020 | 19,380 | 302,530 | (6,432) |  | (29,592) | 1,209 | 287,095
Distributions - common stock |  |  |  |  |  |  |
Cash |  |  |  |  | (4,535) |  | (4,535)
Stock |  |  |  |  | (4,534) |  | (4,534)
Shares issued through dividend reinvestment plan | 70 | 790 |  |  |  |  | 860
Distributions to non-controlling interests |  |  |  |  |  | (5) | (5)
Compensation expense - restricted stock |  | 1,329 |  |  |  |  | 1,329
Net income |  |  |  | $ 2,284 |  | 1 | 2,285
Other comprehensive income (loss) |  |  | 428 |  |  | 1 | 429
Balances at Jun. 30, 2020 | $ 19,450 | $ 304,649 | $ (6,004) |  | $ (36,377) | $ 1,206 | $ 282,924

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