| Summary of Changes in Stockholders' Equity |
The following table summarizes the changes in our stockholders’ equity for the six months ended June 30, 2016 (dollars in thousands):
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Shares Issued and Retired |
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Preferred Stock Series A and B |
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Common Stock |
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Senior Common Stock |
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Preferred Stock Series A and B |
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Senior Common Stock |
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Common Stock |
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Additional Paid in Capital |
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Distributions in Excess of Accumulated Earnings |
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Total Stockholders' Equity |
Balance at December 31, 2015 |
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2,150,000 |
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22,485,607 |
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972,214 |
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$ |
2 |
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$ |
1 |
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$ |
22 |
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$ |
418,897 |
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$ |
(185,051 |
) |
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$ |
233,871 |
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Issuance of preferred stock series A and B and common stock, net |
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114,000 |
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497,997 |
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— |
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— |
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— |
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1 |
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10,889 |
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— |
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10,890 |
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Retirement of senior common stock |
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— |
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— |
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(12,662 |
) |
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— |
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— |
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— |
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(178 |
) |
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— |
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(178 |
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Distributions declared to common, senior common and preferred stockholders |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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(19,766 |
) |
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(19,766 |
) |
Net income |
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— |
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— |
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— |
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— |
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— |
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— |
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— |
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1,738 |
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1,738 |
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Balance at June 30, 2016 |
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2,264,000 |
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22,983,604 |
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959,552 |
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$ |
2 |
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$ |
1 |
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$ |
23 |
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$ |
429,608 |
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$ |
(203,079 |
) |
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$ |
226,555 |
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