Stock Transactions (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of share repurchases

The following table reflects the number of shares repurchased under the SRP cumulatively through March 31, 2020:

	Number of Requests	Number of Shares Repurchased	Average Price per Share
Cumulative as of December 31, 2019	5,878	3,542,267	$	20.23
January 1 - January 31, 2020(1)	1,170	361,829	18.56
February 1 - February 28, 2020	—	—	N/A
March 1 - March 31, 2020	—	—	N/A
Cumulative as of March 31, 2020	7,048	3,904,096	$	20.08

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⁽¹⁾ Reflects shares repurchased in January 2020 pursuant to repurchase requests submitted for the second semester of 2019. Pursuant to the terms of the SRP, the Company is only authorized to repurchase up to the amount of proceeds reinvested through our DRIP during the applicable semester. As a result, redemption requests for 11,496 shares were not fulfilled for the second semester of 2019.

The following tables present the activity in the Company's Series A Preferred Stock for the periods ended March 31, 2020 and March 31, 2019, respectively (dollars in thousands, except share amounts):

Series A Preferred Stock	Shares	Amount
Balance, December 31, 2019	40,500	$	202,144
Issuance of Preferred Stock, net of offering cost	14	70
Dividends paid in Preferred Stock	—	2
Offering Costs	—	(5		)
Amortization of offering costs	—	24
Ending Balance, March 31, 2020	40,514	$	202,235
	Shares	Amount
Balance, December 31, 2018	29,249	$	145,786
Issuance of Preferred Stock	2,996	14,979
Amortization of offering costs	—	25
Ending Balance, March 31, 2019	32,245	$	160,790

The following table presents the activity in the Company's Series C Preferred Stock for the period ended March 31, 2020 (dollars in thousands, except share amounts):

Series C Preferred Stock	Shares	Amount
Balance, December 31, 2019	1,400	$	6,966
Issuance of Preferred Stock, net of offering cost	—	—
Dividends paid in Preferred Stock	—	—
Offering Costs	—	(5		)
Amortization of offering costs	—	1
Ending Balance, March 31, 2020	1,400	$	6,962