Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.19.1
Equity (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of OP Units Tendered for Redemption
Information related to OP Units tendered for redemption during the three months ended March 31, 2019 and 2018 is provided in the table below (dollars in thousands, except per-share amounts):
Period
 
OP Units
Tendered for
Redemption
 
Shares of
Common
Stock Issued
 
OP Units
Redeemed
with Cash
 
Aggregate
Cash
Payment
 
Aggregate
Cash Paid
per OP Unit
Three Months Ended March 31, 2019
 
570,879
 
570,879
 
0
 
$

 
$

Three Months Ended March 31, 2018
 
37,500
 
7,700
 
29,800
 
400

 
13.42

Monthly Distributions Declared and Paid by Company's Board of Directors
The per-share distributions to preferred and common stockholders declared by our Board of Directors and paid by us (except as noted) during the three months ended March 31, 2019 and 2018 are reflected in the table below.
 
 
For the Three Months Ended March 31,
Issuance
 
2019
 
2018
Series A Term Preferred Stock(1)
 
$
0.3984375

 
$
0.3984375

Series B Preferred Stock(2)
 
0.375

 

Common Stock(3)
 
0.13335

 
0.13275

(1) 
Treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations.
(2) 
Of the dividends declared on the Series B Preferred Stock by our Board of Directors on January 8, 2019, approximately $236,000 was paid (as scheduled) by us on April 4, 2019. The resulting dividend payable is included within Accounts payable and accrued expenses on the accompanying Condensed Consolidated Balance Sheets as of March 31, 2019.
(3) 
The same amounts were paid as distributions on each OP Unit held by non-controlling limited partners of the Operating Partnership.