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Equity and Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of Compensation Expense
We recorded compensation expense for Performance LTIP units and LTIP units as presented in the table below (in thousands):
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Type
 
Line Item
 
2019
 
2018
 
2019
 
2018
Performance LTIP units
 
Advisory services fee
 
$
907

 
$
3,805

 
$
1,759

 
$
4,213

LTIP units
 
Advisory services fee
 
766

 
935

 
1,716

 
1,643

LTIP units - independent directors
 
Corporate, general and administrative
 
446

 
536

 
446

 
536

 
 
 
 
$
2,119

 
$
5,276

 
$
3,921

 
$
6,392


The following table summarizes the stock-based compensation expense (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Line Item
2019
 
2018
 
2019
 
2018
Advisory services fee
$
1,556

 
$
1,451

 
$
3,094

 
$
3,748

Management fees
197

 
326

 
399

 
583

Corporate, general and administrative - Premier
86

 

 
185

 

Corporate, general and administrative - independent directors
90

 

 
90

 

 
$
1,929

 
$
1,777

 
$
3,768

 
$
4,331


The following table summarizes the compensation expense (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Line Item
 
2019
 
2018
 
2019
 
2018
Advisory services fee
 
$
1,320

 
$
2,748

 
$
2,269

 
$
6,080


Dividends Declared The board of directors declared quarterly dividends as presented below:
 
Three Months Ended June 30,
 
2019
 
2018
8.45% Series D cumulative preferred stock
$
0.5281

 
$
0.5281

7.375% Series F cumulative preferred stock
0.4609

 
0.4609

7.375% Series G cumulative preferred stock
0.4609

 
0.4609

7.50% Series H cumulative preferred stock
0.4688

 
0.4688

7.50% Series I cumulative preferred stock
0.4688

 
0.4688


Schedule of Equity Activity On December 11, 2017, the Company established an “at-the-market” equity offering program pursuant to which it may, from time to time, sell shares of its common stock having an aggregate offering price of up to $100 million. During the three and six months ended June 30, 2019 and 2018, no shares of its common stock were issued under this program. The table below summarizes the program as of June 30, 2019 (in thousands):
 
June 30, 2019
Shares issued to date
2,433,810

Gross proceeds of shares issued
$
15,522

Remaining issuances available under the program
$
84,478

 
 
 
 

Schedule of Noncontrolling Interests in Consolidated Entities
The below table summarizes the (income) loss allocated to noncontrolling interests in consolidating entities (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Line Item
 
2019
 
2018
 
2019
 
2018
(Income) loss allocated to noncontrolling interests in consolidated entities
 
$
(14
)
 
$
(20
)
 
$
12

 
$
18