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Preferred Stock and Units (Tables)
12 Months Ended
Dec. 31, 2021
Preferred Stock And Units [Abstract]  
Schedule of Series of Cumulative Redeemable Perpetual Preferred Stock The following table sets forth our Cumulative Redeemable Perpetual Preferred Stock by series:

 

 

 

Per

 

 

 

 

 

 

Number of Shares

 

 

Quarterly

 

 

 

Annum

 

 

Liquidation

 

 

Issued and Outstanding as of

 

 

Distributions

 

Preferred Stock - Series

 

Rate

 

 

Preference

 

 

December 31, 2021

 

 

December 31, 2020

 

 

Per Share

 

Series B Preferred Stock

 

 

8.000

%

 

$

25.00

 

 

 

1,510,000

 

 

 

1,610,000

 

 

$

0.500000

 

Series C Preferred Stock

 

 

7.875

%

 

$

25.00

 

 

 

1,384,610

 

 

 

1,554,610

 

 

$

0.492188

 

Series D Preferred Stock

 

 

8.250

%

 

$

25.00

 

 

 

1,165,000

 

 

 

1,200,000

 

 

$

0.515625

 

 

Schedule of Series of Cumulative Redeemable Perpetual Preferred Units The following table sets forth our Cumulative Redeemable Perpetual Preferred Units by series:

 

 

 

Per

 

 

 

 

 

 

Number of Units

 

 

Quarterly

 

 

 

Annum

 

 

Liquidation

 

 

Issued and Outstanding as of

 

 

Distributions

 

Preferred Units - Series

 

Rate

 

 

Preference

 

 

December 31, 2021

 

 

December 31, 2020

 

 

Per Unit

 

Series B Preferred Units

 

 

8.000

%

 

$

25.00

 

 

 

1,510,000

 

 

 

1,610,000

 

 

$

0.500000

 

Series C Preferred Units

 

 

7.875

%

 

$

25.00

 

 

 

1,384,610

 

 

 

1,554,610

 

 

$

0.492188

 

Series D Preferred Units

 

 

8.250

%

 

$

25.00

 

 

 

1,165,000

 

 

 

1,200,000

 

 

$

0.515625

 

 

Quarterly Distributions Declared and Payable by Operating Partnership

The following table presents the quarterly distributions by the Operating Partnership declared and payable per
Series Preferred B Unit and dividends by the Company declared and payable per share of Series B Preferred Stock, for the years ended December 31, 2021, 2020, and 2019:

 

Quarter Ended

 

2019

 

 

2020

 

 

2021

 

March 31,

 

$

0.500000

 

 

$

0.500000

 

 

$

 

June 30,

 

$

0.500000

 

 

$

 

 

$

 

September 30,

 

$

0.500000

 

 

$

 

 

$

 

December 31,

 

$

0.500000

 

 

$

 

 

$

 

 

The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series C Preferred Unit and dividends by the Company declared and payable per share of Series C Preferred Stock, for the years ended December 31, 2021, 2020, and 2019:

 

Quarter Ended

 

2019

 

 

2020

 

 

2021

 

 

March 31,

 

$

0.492188

 

 

$

0.492188

 

 

$

 

 

June 30,

 

$

0.492188

 

 

 

 

 

$

 

 

September 30,

 

$

0.492188

 

 

$

 

 

$

 

 

December 31,

 

$

0.492188

 

 

$

 

 

$

 

(1)

The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series D Preferred Unit and dividends by the Company declared and payable per share of Series D Preferred Stock, for the years ended December 31, 2021, 2020, and 2019:

 

Quarter Ended

 

2019

 

 

2020

 

 

2021

 

 

 

March 31,

 

$

 

 

$

0.515625

 

 

$

 

 

 

June 30,

 

$

0.418230

(1)  

 

$

 

 

$

 

 

 

September 30,

 

$

0.515625

 

 

$

 

 

$

 

 

 

December 31,

 

$

0.515625

 

 

$

 

 

$

 

 

 

 

(1)

The initial quarterly distribution for the Series D Preferred Stock paid on July 15, 2019 was pro-rated per the terms of the security in the amount of $0.41823 per share.