Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

20. Subsequent Events

In January 2020, we paid our regular quarterly cash dividends on our common stock, Series A Preferred Stock and Series B Preferred Stock. See the ‘Dividends and Distributions’ section of Note 12 for additional details.

Subsequent to December 31, 2019, the Company authorized the following dividends:

● On February 18, 2020, the Company announced that its board of directors authorized payment of a regular quarterly cash dividend of $0.47 per common share and per unit in the Operating Partnership, payable on April 7, 2020, to stockholders and unit holders of record as of the close of business on March 20, 2020.

● On February 18, 2020, the Company announced that its board of directors authorized payment of a regular quarterly cash dividend of approximately $0.45 per share on its Series A Preferred Stock, payable on April 15, 2020, to holders of Series A Preferred Stock of record as of the close of business on March 31, 2020.

● On February 18, 2020, the Company announced that its board of directors authorized payment of a regular quarterly cash dividend of approximately $1.63 per share on its Series B Preferred Stock, payable on April 15, 2020, to holders of Series B Preferred Stock of record as of the close of business on March 31, 2020.

Subsequent to December 31, 2019 through February 28, 2020, we utilized the forward provisions under the ATM Program to allow for the sale of up to an aggregate of 0.8 million shares of our common stock, representing available net proceeds upon physical settlement of approximately $41.6 million. Through February 28, 2020, we had not settled any of these forward sales.