Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.6.0.2
Consolidated Statements of Equity - USD ($)
Total
Capital Stock [Member]
Preferred Stock [Member]
Warrants [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income [Member]
Retained Earnings [Member]
Non-Controlling Interest [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Preferred Stock [Member]
Series A Cumulative Redeemable Preferred Stock [Member]
Additional Paid-in Capital [Member]
Beginning balance, (in shares) at Dec. 31, 2013   4,831,232                  
Beginning balance at Dec. 31, 2013 $ 205,541,370 $ 4,831 $ 0 $ 1,370,700 $ 173,460,344 $ 777,403 $ 1,580,062 $ 28,348,030      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 8,570,013           7,013,856 1,556,157      
Net change in cash flow hedges (399,881)         (324,101)   (75,780)      
Total Comprehensive Income 8,170,132         (324,101) 7,013,856 1,480,377      
Issuance of shares during period, (in shares)   4,485,000                  
Issuance of shares during period 141,725,228 $ 4,485     141,720,743            
Common stock dividends (15,328,084)       (6,734,166)   (8,593,918)        
Common stock issued under director's compensation plan (in shares)   805                  
Common stock issued under director's compensation plan 30,000 $ 1     29,999            
Distributions to Non-controlling interest (2,737,712)             (2,737,712)      
Reinvestment of dividends paid to common stockholders (in shares)   3,973                  
Reinvestment of dividends paid to common stockholders 140,108 $ 4     140,104            
Warrant expiration       (1,370,700) 1,370,700            
Ending balance at Dec. 31, 2014 337,541,042 $ 9,321 0 $ 0 309,987,724 453,302 0 27,090,695      
Ending balance, (in shares) at Dec. 31, 2014   9,321,010                  
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 13,613,237         (262,505) 12,319,911 1,555,831      
Issuance of shares during period, (in shares)   2,587,500                  
Issuance of shares during period 73,257,364 $ 2,587     73,254,777       $ 54,210,476 $ 56,250,000 $ (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, (in shares) at Dec. 31, 2015 11,939,697 11,939,697                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income $ 30,991,408           29,663,200 1,328,208      
Net change in cash flow hedges (249,219)         (201,993)   (47,226)      
Total Comprehensive Income 30,742,189         (201,993) 29,663,200 1,280,982      
Issuance of shares during period, (in shares)       945,594              
Repurchase of common stock (in shares)   (90,613)                  
Repurchase of common stock (2,041,851) $ (91)     (2,041,760)            
Series A preferred stock dividends (4,148,437)           (4,148,437)        
Common stock dividends (35,712,616)       (10,197,853)   (25,514,763)        
Common stock issued under director's compensation plan (in shares)   2,551                  
Common stock issued under director's compensation plan 60,000 $ 2     59,998            
Reinvestment of dividends paid to common stockholders (in shares)   34,581                  
Reinvestment of dividends paid to common stockholders 815,889 $ 35     815,854            
Ending balance at Dec. 31, 2016 $ 433,909,480 $ 11,886 $ 56,250,000   $ 350,217,746 $ (11,196) $ 0 $ 27,441,044      
Ending balance, (in shares) at Dec. 31, 2016 11,886,216 11,886,216