Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.5.0.2
Consolidated Statements of Equity - USD ($)
Total
Series A Cumulative Redeemable Preferred Stock [Member]
Capital Stock [Member]
Preferred Stock [Member]
Preferred Stock [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Accumulated Other Comprehensive Income [Member]
Retained Earnings [Member]
Non-Controlling Interest [Member]
Beginning balance, shares at Dec. 31, 2014     9,321,010              
Beginning balance at Dec. 31, 2014 $ 337,541,042   $ 9,321 $ 0   $ 309,987,724   $ 453,302 $ 0 $ 27,090,695
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 13,937,117               12,319,911 1,617,206
Net change in cash flow hedges (323,880)             (262,505)   (61,375)
Total comprehensive income (loss) 13,613,237             (262,505) 12,319,911 1,555,831
Issuance of shares (in shares)     2,587,500              
Issuance of shares 73,257,364 $ 54,210,476 $ 2,587   $ 56,250,000 73,254,777 $ (2,039,524)      
Series A preferred stock dividends (3,503,125)               (3,503,125)  
Common stock dividends (29,346,139)         (20,529,353)     (8,816,786)  
Common stock issued under director's compensation plan (in shares)     2,677              
Common stock issued under director's compensation plan 90,000   $ 3     89,997        
Distributions to non-controlling interest (2,486,464)                 (2,486,464)
Reinvestment of dividends paid to common stockholders (in shares)     28,510              
Reinvestment of dividends paid to common stockholders 817,915   $ 29     817,886        
Ending balance at Dec. 31, 2015 $ 444,194,306   $ 11,940 56,250,000   361,581,507   190,797 0 26,160,062
Ending balance, shares at Dec. 31, 2015 11,939,697   11,939,697              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income $ 13,005,109               12,345,648 659,461
Net change in cash flow hedges (256,718)             (208,071)   (48,647)
Total comprehensive income (loss) 12,748,391             (208,071) 12,345,648 610,814
Repurchase of common stock (in shares)     (90,613)              
Repurchase of common stock (2,041,851)   $ (91)     (2,041,760)        
Series A preferred stock dividends (2,074,218)               (2,074,218)  
Common stock dividends (17,902,175)         (7,630,745)     (10,271,430)  
Common stock issued under director's compensation plan (in shares)     1,511              
Common stock issued under director's compensation plan 30,000   $ 2     29,998        
Reinvestment of dividends paid to common stockholders (in shares)     19,233              
Reinvestment of dividends paid to common stockholders 331,823   $ 19     331,804        
Ending balance at Jun. 30, 2016 $ 435,286,276   $ 11,870 $ 56,250,000   $ 352,270,804   $ (17,274) $ 0 $ 26,770,876
Ending balance, shares at Jun. 30, 2016 11,869,828   11,869,828