Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.3
Subsequent Events
 9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On October 10, 2023, our Board of Directors declared the following monthly distributions for the months of October, November and December of 2023:

 
Record Date Payment Date Common Stock and Non-controlling OP Unit Distributions per Share Series E Preferred Distributions per Share Series G Preferred Distributions per Share
October 20, 2023 October 31, 2023 $ 0.10  $ 0.138021  $ 0.125 
November 20, 2023 November 30, 2023 0.10  0.138021  0.125 
December 18, 2023 December 29, 2023 0.10  0.138021  0.125 
$ 0.30  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
October November 3, 2023 $ 0.0875 
November December 5, 2023 0.0875 
December January 5, 2024 0.0875 
$ 0.2625 
Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
October 25, 2023 November 3, 2023 $ 0.125 
November 28, 2023 December 5, 2023 0.125 
December 27, 2023 January 5, 2024 0.125 
$ 0.375 

Equity Activity

Subsequent to September 30, 2023 and through November 6, 2023, we raised $0.1 million in net proceeds from the sale of 4,318 shares of Series F Preferred Stock.

Acquisition Activity

On October 12, 2023, we purchased a 69,920 square foot industrial property in Allentown, Pennsylvania for $7.8 million. The property is fully leased to one tenant on a 20-year lease.

On November 3, 2023, we purchased a 67,709 square foot industrial property in Indianapolis, Indiana for $4.5 million. The property is fully leased to one tenant on a 20-year lease.

Sale Activity

On October 2, 2023, we sold our 146,483 square foot office property in Columbia, South Carolina for $7.0 million. We realized a $2.9 million gain on sale, net.

Financing Activity

On October 2, 2023, we repaid $9.0 million in fixed rate debt, collateralized by one property, at an interest rate of 4.04%. We realized a $2.8 million gain on debt extinguishment.