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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($)
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Dividends in excess of net income [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non-Controlling Interest [Member]
Balance at Dec. 31, 2015 $ 453,619,539 $ 2,064 $ 482,514,380 $ (28,262,441) $ (3,130,376) $ 2,495,912
Balance (in shares) at Dec. 31, 2015   20,637,301        
Issuance of common stock, net of issuance costs 1,991,834 $ 5 1,991,829 0 0 0
Issuance of common stock, net of issuance costs (in shares)   53,886        
Repurchase of common shares (703,055) $ (2) (703,053)      
Repurchase of common shares (in shares)   (20,381)        
Issuance of restricted stock under the Omnibus Incentive Plan 8 $ 8 0 0 0 0
Issuance of restricted stock under the Omnibus Incentive Plan (in shares)   83,458        
Forfeiture of restricted stock 0 $ 0 0 0 0 0
Forfeiture of restricted stock (in shares)   0        
Vesting of restricted stock 708,030 $ 0 708,030 0 0 0
Dividends and distributions declared for the period (9,812,374) 0 0 (9,650,731) 0 (161,643)
Other comprehensive income (loss) - change in fair value of interest rate swaps (2,935,676) 0 0 0 (2,887,114) (48,562)
Net income 7,586,325 0 0 7,460,833 0 125,492
Balance at Mar. 31, 2016 $ 450,454,631 $ 2,075 $ 484,511,186 $ (30,452,339) $ (6,017,490) $ 2,411,199
Balance (in shares) at Mar. 31, 2016   20,754,264