Quarterly report pursuant to Section 13 or 15(d)

Stockholders' and Mezzanine Equity (Tables)

v3.10.0.1
Stockholders' and Mezzanine Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Summary of Changes in Stockholders' Equity
The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2018 (dollars in thousands):
 
 
 
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
 
Accumulated Other Comprehensive Income
 
Distributions in Excess of Accumulated Earnings
 
Total Stockholders' Equity
Balance at December 31, 2017
 
2,264,000

 
28,384,016

 
904,819

 
$
2

 
$
1

 
$
28

 
$
534,790

 
$
35

 
$
(268,058
)
 
$
266,798

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

 
526,323

 

 

 

 
1

 
10,139

 

 

 
10,140

Conversion of senior common stock to common stock
 

 
16,129

 
(19,548
)
 

 

 

 

 

 

 

Retirement of senior common stock, net
 

 

 
(2,266
)
 

 

 

 
(34
)
 

 

 
(34
)
Distributions declared to common, senior common and preferred stockholders
 

 

 

 

 

 

 

 

 
(40,615
)
 
(40,615
)
Comprehensive income
 

 

 

 

 

 

 

 
1,028

 

 
1,028

Net income
 

 

 

 

 

 

 

 

 
9,807

 
9,807

Balance at September 30, 2018
 
2,264,000

 
28,926,468

 
883,005

 
$
2

 
$
1

 
$
29

 
$
544,895

 
$
1,063

 
$
(298,866
)
 
$
247,124



Dividends Paid
We paid the following distributions per share for the three and nine months ended September 30, 2018 and 2017:
 
 
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Common Stock
 
$
0.375

 
$
0.375

 
$
1.125

 
$
1.125

Senior Common Stock
 
0.2625

 
0.2625

 
0.7875

 
0.7875

Series A Preferred Stock
 
0.4843749

 
0.4843749

 
1.4531247

 
1.4531247

Series B Preferred Stock
 
0.46875

 
0.46875

 
1.4063

 
1.4063

Series D Preferred Stock
 
0.4374999

 
0.4374999

 
1.3124997

 
1.3124997