Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity

v3.8.0.1
Consolidated Statements of Equity - 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]
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, 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 Other Comprehensive Income (Loss) (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                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income 30,991,408         29,663,200 1,328,208      
Net Change in Other Comprehensive Income (Loss) (249,219)       (201,993)   (47,226)      
Total Comprehensive Income 30,742,189       (201,993) 29,663,200 1,280,982      
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                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income $ 34,336,616         32,602,790 1,733,826      
Net Change in Other Comprehensive Income (Loss) 13,813       11,196   2,617      
Total Comprehensive Income 34,350,429       11,196 32,602,790 1,736,443      
Issuance of shares during period               $ 71,161,531 $ 73,750,000 $ (2,588,469)
Series A preferred stock dividends (8,227,734)     (727,001)   (7,500,733)        
Common stock dividends (35,694,200)     (10,592,143)   (25,102,057)        
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 (1,833,650)           (1,833,650)      
Purchase of Non-controlling interest (32,910,032)     (5,566,195)     (27,343,837)      
Reinvestment of dividends paid to common stockholders (in shares)   27,635                
Reinvestment of dividends paid to common stockholders 962,308 $ 28   962,280            
Ending balance at Dec. 31, 2017 $ 461,785,632 $ 11,916 $ 130,000,000 $ 331,773,716 $ 0 $ 0 $ 0      
Ending balance, (in shares) at Dec. 31, 2017 11,915,830 11,915,830