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Subsequent Events | 12 Months Ended
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Dec. 31, 2022
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS California Floods In January 2023, periods of heavy rainfall in California resulted in floods that impacted several areas of the state, including regions where certain of our farms are located. As a result of this flooding, one of our farms in the Central Valley suffered damage to certain structures located on the farm. We are still in the process of assessing the damage, but at this time, we do not expect the cost of repairs to exceed $1.0 million. In addition, we expect the damage to be fully covered by either insurance or the tenant’s obligations pursuant to the lease. None of our other farms in California were materially impacted by the floods. Financing Activity Debt Activity—Loan Maturities Subsequent to December 31, 2022, we repaid an $8.1 million maturing bond that bore interest at an annual rate of 3.53%. Equity Activity The following table provides information on equity sales that have occurred subsequent to December 31, 2022 (dollars in thousands, except per-share amounts):
Type of Issuance |  | Number of Shares Sold |  | Weighted Average Offering Price Per Share |  | Gross Proceeds |  | Net Proceeds(1)
Series E Preferred Stock |  | 34,600 |  | $ | 24.96 |  |  | $ | 864 |  |  | $ | 779 |
Common Stock – ATM Program |  | 663,585 |  | 19.72 |  |  | 13,084 |  |  | 12,953 |
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting discounts and commissions (in each case, as applicable). Distributions On January 10, 2023 our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock (distributions to holders of our Series E Preferred Stock were authorized and declared on January 18, 2023):
Issuance |  | Record Date |  | Payment Date |  | Distribution per Share
Series B Preferred Stock: |  | January 20, 2023 |  | January 31, 2023 |  | $ | 0.125 |
|  | February 17, 2023 |  | February 28, 2023 |  | 0.125 |
|  | March 17, 2023 |  | March 31, 2023 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Series C Preferred Stock: |  | January 26, 2023 |  | February 6, 2023 |  | $ | 0.125 |
|  | February 23, 2023 |  | March 6, 2023 |  | 0.125 |
|  | March 29, 2023 |  | April 6, 2023 |  | 0.125 |
Total Series C Preferred Stock Distributions: |  | $ | 0.375 |
Series E Preferred Stock: |  | January 26, 2023 |  | February 6, 2023 |  | $ | 0.104167 |
|  | February 23, 2023 |  | March 6, 2023 |  | 0.104167 |
|  | March 29, 2023 |  | April 6, 2023 |  | 0.104167 |
Total Series E Preferred Stock Distributions: |  | $ | 0.312501 |
Series D Term Preferred Stock: |  | January 20, 2023 |  | January 31, 2023 |  | $ | 0.104167 |
|  | February 17, 2023 |  | February 28, 2023 |  | 0.104167 |
|  | March 17, 2023 |  | March 31, 2023 |  | 0.104167 |
Total Series D Term Preferred Stock Distributions: |  | $ | 0.312501 |
Common Stock(1): |  | January 20, 2023 |  | January 31, 2023 |  | $ | 0.0459 |
|  | February 17, 2023 |  | February 28, 2023 |  | 0.0459 |
|  | March 17, 2023 |  | March 31, 2023 |  | 0.0459 |
Total Common Stock Distributions: |  | $ | 0.1377 |
(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders as of the above record dates.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI https://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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