Quarterly report pursuant to Section 13 or 15(d)

Stockholders' and Mezzanine Equity (Tables)

v3.7.0.1
Stockholders' and Mezzanine Equity (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our stockholders’ equity for the six months ended June 30, 2017 (dollars in thousands):
 
 
 
Shares Issued and Retired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series A and B Preferred Stock
 
Common Stock
 
Senior Common Stock
 
Series A and B Preferred Stock
 
Senior Common Stock
 
Common Stock
 
Additional Paid in Capital
 
Other Comprehensive Income
 
Distributions in Excess of Accumulated Earnings
 
Total Stockholders' Equity
Balance at December 31, 2016
 
2,264,000

 
24,882,758

 
959,552

 
$
2

 
$
1

 
$
25

 
$
463,436

 
$

 
$
(223,587
)
 
$
239,877

Issuance of Series A and B preferred stock and common stock, net
 

 
855,238

 

 

 

 
1

 
17,886

 

 

 
17,887

Conversion of senior common stock to common stock
 

 
16,880

 
(18,768
)
 

 

 

 

 

 

 

Distributions declared to common, senior common and preferred stockholders
 

 

 

 

 

 

 

 

 
(24,159
)
 
(24,159
)
Other comprehensive income
 

 

 

 

 

 

 

 
179

 

 
179

Net income
 

 

 

 

 

 

 

 

 
5,020

 
5,020

Balance at June 30, 2017
 
2,264,000

 
25,754,876

 
940,784

 
$
2

 
$
1

 
$
26

 
$
481,322

 
$
179

 
$
(242,726
)
 
$
238,804

Dividends Paid
We paid the following distributions per share for the three and six months ended June 30, 2017 and 2016:
 
 
 
For the three months ended June 30,
 
For the six months ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Common Stock
 
$
0.375

 
$
0.375

 
$
0.750

 
$
0.750

Senior Common Stock
 
0.2625

 
0.2625

 
0.5250

 
0.5250

Series A Preferred Stock
 
0.4843749

 
0.4843749

 
0.9687498

 
0.9687498

Series B Preferred Stock
 
0.4688

 
0.4688

 
0.9375

 
0.9375

Series C Preferred Stock
 

(1)
0.4453

 

(1)
0.8906

Series D Preferred Stock
 
0.4375

 
0.1788

 
0.8750

 
0.1788


(1)
We fully redeemed our Series C Preferred Stock on August 19, 2016.