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Equity (Tables) | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
Schedule of OP Units Tendered for Redemption | Information related to OP Units tendered for redemption is provided in the table below:
|  | Three months ended June 30, |  | Six months ended June 30,
Fiscal Year |  | OP Units Tendered for Redemption |  | Shares of Common Stock Issued |  | OP Units Redeemed with Cash |  | Aggregate Cash Payment |  | Aggregate Cash Paid per OP Unit |  | OP Units Tendered for Redemption |  | Shares of Common Stock Issued |  | OP Units Redeemed with Cash |  | Aggregate Cash Payment |  | Aggregate Cash Paid per OP Unit
2019 |  | 0 |  | 0 |  | 0 |  | $ | — |  |  | $ | — |  |  | 570,879 |  | 570,879 |  | 0 |  | $ | — |  |  | $ | — |
2018 |  | 253,182 |  | 243,567 |  | 9,615 |  | 121,000 |  |  | 12.54 |  |  | 290,682 |  | 251,267 |  | 39,415 |  | 521,000 |  |  | 13.21 |
Monthly Distributions Declared and Paid by Company's Board of Directors | The per-share distributions to preferred and common stockholders declared by our Board of Directors and paid by us (except as noted) during the three and six months ended June 30, 2019 and 2018 are reflected in the table below.
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
Issuance |  | 2019 |  | 2018 |  | 2019 |  | 2018
Series A Term Preferred Stock(1) |  | $ | 0.3984375 |  |  | $ | 0.3984375 |  |  | $ | 0.7968750 |  |  | $ | 0.7968750 |
Series B Preferred Stock(2) |  | 0.375 |  |  | 0.125 |  |  | 0.750 |  |  | 0.125 |
Common Stock(3) |  | 0.13350 |  |  | 0.13290 |  |  | 0.26685 |  |  | 0.26565 |
(1) | Treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations.
(2) | Of the dividends declared on the Series B Preferred Stock by our Board of Directors on April 9, 2019, approximately $330,000 was paid (as scheduled) by us on July 5, 2019. The resulting dividend payable is included within Accounts payable and accrued expenses on the accompanying Condensed Consolidated Balance Sheets as of June 30, 2019.
(3) | The same amounts were paid as distributions on each OP Unit held by non-controlling limited partners of the Operating Partnership.

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