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):
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Series A and B Preferred Stock |
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Common Stock |
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Senior Common Stock |
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Series A and B Preferred Stock |
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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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Accumulated Other Comprehensive Income |
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Distributions in Excess of Accumulated Earnings |
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Total Stockholders' Equity |
Balance at December 31, 2017 |
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2,264,000 |
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|
28,384,016 |
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|
904,819 |
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$ |
2 |
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$ |
1 |
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$ |
28 |
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$ |
534,790 |
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$ |
35 |
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$ |
(268,058 |
) |
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$ |
266,798 |
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Issuance of Series A and B preferred stock and common stock, net |
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— |
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526,323 |
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— |
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— |
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— |
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1 |
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10,139 |
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— |
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— |
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10,140 |
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Conversion of senior common stock to common stock |
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— |
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16,129 |
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(19,548 |
) |
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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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Retirement of senior common stock, net |
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— |
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— |
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(2,266 |
) |
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— |
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— |
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— |
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(34 |
) |
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— |
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— |
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(34 |
) |
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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— |
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(40,615 |
) |
|
(40,615 |
) |
Comprehensive 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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1,028 |
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|
— |
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|
1,028 |
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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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— |
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9,807 |
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|
9,807 |
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Balance at September 30, 2018 |
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2,264,000 |
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28,926,468 |
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|
883,005 |
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$ |
2 |
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$ |
1 |
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$ |
29 |
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$ |
544,895 |
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$ |
1,063 |
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$ |
(298,866 |
) |
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$ |
247,124 |
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