| Dividends Declared |
The per-share distributions to preferred and common stockholders declared by our Board of Directors during the three months ended March 31, 2024 and 2023 are reflected in the table below.
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Three Months Ended March 31, |
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| Issuance |
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2024 |
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2023 |
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| Series B Preferred Stock |
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$ |
0.375 |
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$ |
0.375 |
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| Series C Preferred Stock |
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0.375 |
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0.375 |
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Series D Term Preferred Stock(1)
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0.312501 |
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0.312501 |
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| Series E Term Preferred Stock |
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0.312501 |
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0.312501 |
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Common Stock(2)
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0.1395 |
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0.1377 |
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(1)Dividends are treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
(2)The same amounts were paid as distributions on each OP Unit held by non-controlling OP Unitholders, if any, as of the applicable date of record.
On April 9, 2024, our Board of Directors declared the following monthly cash distributions to holders of our preferred and common stock:
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| Issuance |
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Record Date |
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Payment Date |
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Distribution per Share |
| Series B Preferred Stock: |
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April 19, 2024 |
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April 30, 2024 |
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$ |
0.125 |
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May 17, 2024 |
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May 31, 2024 |
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0.125 |
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June 19, 2024 |
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June 28, 2024 |
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0.125 |
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| Total Series B Preferred Stock Distributions: |
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$ |
0.375
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| Series C Preferred Stock: |
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April 19, 2024 |
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April 30, 2024 |
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$ |
0.125 |
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May 17, 2024 |
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May 31, 2024 |
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0.125 |
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June 19, 2024 |
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June 28, 2024 |
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0.125 |
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| Total Series C Preferred Stock Distributions: |
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$ |
0.375
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| Series D Term Preferred Stock: |
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April 19, 2024 |
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April 30, 2024 |
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$ |
0.104167 |
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May 17, 2024 |
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May 31, 2024 |
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0.104167 |
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June 19, 2024 |
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June 28, 2024 |
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0.104167 |
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| Total Series D Term Preferred Stock Distributions: |
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$ |
0.312501
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| Series E Preferred Stock: |
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April 22, 2024 |
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May 3, 2024 |
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$ |
0.104167 |
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May 23, 2024 |
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June 5, 2024 |
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0.104167 |
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June 25, 2024 |
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July 5, 2024 |
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0.104167 |
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| Total Series E Preferred Stock Distributions: |
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$ |
0.312501
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Common Stock(1):
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April 19, 2024 |
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April 30, 2024 |
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$ |
0.0466 |
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May 17, 2024 |
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May 31, 2024 |
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0.0466 |
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June 19, 2024 |
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June 28, 2024 |
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0.0466 |
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| Total Common Stock Distributions |
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$ |
0.1398
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(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders as of the above record dates.
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