Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.8.0.1
Consolidated Statement of Equity - 9 months ended Sep. 30, 2017 - USD ($)
Total
Capital Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Non-Controlling Interest [Member]
Beginning balance (in shares) at Dec. 31, 2016 11,886,216 11,886,216          
Beginning balance at Dec. 31, 2016 $ 433,909,480 $ 11,886 $ 56,250,000 $ 350,217,746 $ (11,196) $ 0 $ 27,441,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 27,097,030         25,846,934 1,250,096
Amortization related to de-designated cash flow hedges 11,122       9,016   2,106
Total Comprehensive Income 27,108,152       9,016 25,846,934 1,252,202
Issuance of Series A cumulative redeemable preferred stock, 7.375% - redemption value 71,161,531   73,750,000 (2,588,469)      
Series A preferred stock dividends (5,830,859)     (727,001)   (5,103,858)  
Common stock dividends (26,762,267)     (6,019,191)   (20,743,076)  
Common stock issued under director's compensation plan (in shares)   1,979          
Common stock issued under director's compensation plan 67,500 $ 2   67,498      
Distributions to Non-controlling interest (1,126,231)           (1,126,231)
Reinvestment of dividends paid to common stockholders (in shares)   21,049          
Reinvestment of dividends paid to common stockholders 727,518 $ 21   727,497      
Ending balance at Sep. 30, 2017 $ 499,254,824 $ 11,909 $ 130,000,000 $ 341,678,080 $ (2,180) $ 0 $ 27,567,015
Ending balance (in shares) at Sep. 30, 2017 11,909,244 11,909,244