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Subsequent Events (Tables) | 3 Months Ended
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Mar. 31, 2019
Subsequent Events [Abstract] |
Operating Leases of Lessor, Leasing Activity | The following table summarizes the leasing activity that occurred on our existing properties subsequent to March 31, 2019 (dollars in thousands):
|  |  |  | PRIOR LEASE |  | NEW LEASES
Farm Locations | Number of Leases | Total Farm Acres |  | Total Annualized Straight-line Rent(1) | # of Leases with Participation Rents | Lease Structures (# of NNN / NN) |  | Total Annualized Straight-line Rent(1) | Wtd. Avg. Term (Years) | # of Leases with Participation Rents | Lease Structures (# of NNN / NN)
FL | 1 | 56 |  | $ | 15 |  | 0 | 0 / 1 |  | $ | 63 |  | 3.0 | 0 | 0 / 1
(1) | Annualized straight-line rent is based on the minimum cash rental payments guaranteed under the lease, as required under GAAP, and excludes contingent rental payments, such as participation rents.
Monthly Distributions Declared by Company's Board of Directors | On April 9, 2019, our Board of Directors declared the following monthly cash distributions to holders of our preferred and common stock:
Issuance |  | Record Date |  | Payment Date |  | Distribution per Share
Series A Term Preferred Stock: |  | April 22, 2019 |  | April 30, 2019 |  | $ | 0.1328125 |
|  | May 22, 2019 |  | May 31, 2019 |  | 0.1328125 |
|  | June 19, 2019 |  | June 28, 2019 |  | 0.1328125 |
Total Series A Term Preferred Stock Distributions: |  | $ | 0.3984375 |
Series B Preferred Stock: |  | April 24, 2019 |  | May 3, 2019 |  | $ | 0.125 |
|  | May 22, 2019 |  | May 31, 2019 |  | 0.125 |
|  | June 26, 2019 |  | July 5, 2019 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Common Stock: |  | April 22, 2019 |  | April 30, 2019 |  | $ | 0.04450 |
|  | May 22, 2019 |  | May 31, 2019 |  | 0.04450 |
|  | June 19, 2019 |  | June 28, 2019 |  | 0.04450 |
Total Common Stock Distributions: |  | $ | 0.13350 |

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