XML 23 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Common Stock and Other Equity Related Transactions
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Common Stock and Other Equity Related Transactions
Common Stock and Other Equity Related Transactions
The following regular quarterly distributions have been declared on our depositary shares (each representing 1/100 of a share of our Series C Preferred Stock) and paid to our preferred shareholders for the six months ended June 30, 2016:
Distribution Amount Per Share
 
For the Quarter Ending
 
Stockholder Record Date
 
Payment Date
$0.421875
 
March 31, 2016
 
March 21, 2016
 
March 31, 2016
$0.421875
 
June 30, 2016
 
June 17, 2016
 
June 30, 2016
The following regular quarterly distributions have been declared and paid to common stockholders and common OP Unit non-controlling interest holders for the six months ended June 30, 2016:
Distribution Amount Per Share
 
For the Quarter Ending
 
Stockholder Record Date
 
Payment Date
$0.425
 
March 31, 2016
 
March 25, 2016
 
April 8, 2016
$0.425
 
June 30, 2016
 
June 24, 2016
 
July 8, 2016

On May 4, 2015, we extended our at-the-market (“ATM”) offering program by entering into new separate equity distribution agreements with certain sales agents, pursuant to which we may sell, from time-to-time, shares of our Common Stock, par value $0.01 per share, having an aggregate offering price of up to $125.0 million. The following table presents the shares that were issued under the ATM equity offering program during the six months ended June 30, 2016 (amounts in thousands, except stock data):
 
 
Six Months Ended June 30, 2016
Shares of Common Stock sold
 
683,548

Weighted average price
 
$
73.15

Total gross proceeds
 
$
50,000

Commissions paid to sales agents
 
$
657

We did not sell any shares under the ATM offering program for the comparable six month period in 2015. As June 30, 2016, approximately $75.0 million of Common Stock remained available for issuance under this ATM equity offering program.