| Schedule of Series of Cumulative Redeemable Perpetual Preferred Stock |
The following table sets forth our Cumulative Redeemable Perpetual Preferred Stock by series:
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Per |
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Number of Shares |
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Quarterly |
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Annum |
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Liquidation |
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Issued and Outstanding as of |
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Distributions |
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Preferred Stock - Series |
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Rate |
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Preference |
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December 31, 2025 |
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December 31, 2024 |
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Per Share |
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Series B Preferred Stock |
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8.000 |
% |
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$ |
25.00 |
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1,464,100 |
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1,464,100 |
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$ |
0.500000 |
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Series C Preferred Stock |
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7.875 |
% |
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$ |
25.00 |
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1,346,110 |
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1,346,110 |
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$ |
0.492188 |
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Series D Preferred Stock |
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8.250 |
% |
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$ |
25.00 |
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1,163,100 |
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1,163,100 |
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$ |
0.515625 |
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| Schedule of Series of Cumulative Redeemable Perpetual Preferred Units |
The following table sets forth our Cumulative Redeemable Perpetual Preferred Units by series:
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Per |
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Number of Units |
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Quarterly |
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Annum |
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Liquidation |
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Issued and Outstanding as of |
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|
Distributions |
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Preferred Units - Series |
|
Rate |
|
|
Preference |
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|
December 31, 2025 |
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|
December 31, 2024 |
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|
Per Unit |
|
Series B Preferred Units |
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|
8.000 |
% |
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$ |
25.00 |
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|
1,464,100 |
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|
1,464,100 |
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$ |
0.500000 |
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Series C Preferred Units |
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7.875 |
% |
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$ |
25.00 |
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|
1,346,110 |
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|
1,346,110 |
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$ |
0.492188 |
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Series D Preferred Units |
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8.250 |
% |
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$ |
25.00 |
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1,163,100 |
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1,163,100 |
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$ |
0.515625 |
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| Quarterly Distributions in Arrears Paid by Operating Partnership |
The following table presents the quarterly distributions in arrears that were paid by the Operating Partnership per Series B Preferred Unit and the quarterly dividends in arrears that were paid by the Company per share of Series B Preferred Stock, during the years ended December 31, 2025, 2024, and 2023:
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Quarter Ended in Arrears |
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2025 |
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2024 |
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2023 |
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March 31, 2020 |
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$ |
- |
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$ |
- |
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$ |
0.500000 |
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June 30, 2020 |
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- |
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- |
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0.500000 |
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September 30, 2020 |
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- |
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- |
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0.500000 |
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December 31, 2020 |
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- |
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- |
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0.500000 |
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March 31, 2021 |
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- |
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- |
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0.500000 |
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June 30, 2021 |
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|
- |
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0.500000 |
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- |
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September 30, 2021 |
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- |
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0.500000 |
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|
- |
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December 31, 2021 |
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|
- |
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0.500000 |
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|
- |
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March 31, 2022 |
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|
- |
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0.500000 |
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|
- |
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June 30, 2022 |
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0.500000 |
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|
- |
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- |
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September 30, 2022 |
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0.500000 |
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- |
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- |
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The following table presents the quarterly distributions in arrears that were paid by the Operating Partnership per Series C Preferred Unit and the quarterly dividends in arrears that were paid by the Company per share of Series C Preferred Stock, during the years ended December 31, 2025, 2024, and 2023:
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Quarter Ended in Arrears |
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2025 |
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2024 |
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2023 |
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March 31, 2020 |
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$ |
- |
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$ |
- |
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$ |
0.492188 |
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June 30, 2020 |
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- |
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- |
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0.492188 |
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September 30, 2020 |
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- |
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- |
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0.492188 |
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December 31, 2020 |
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- |
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- |
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0.492188 |
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March 31, 2021 |
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- |
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- |
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0.492188 |
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June 30, 2021 |
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- |
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0.492188 |
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- |
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September 30, 2021 |
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- |
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0.492188 |
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- |
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December 31, 2021 |
|
- |
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|
0.492188 |
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|
- |
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March 31, 2022 |
|
- |
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|
0.492188 |
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|
- |
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June 30, 2022 |
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|
0.492188 |
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|
- |
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|
- |
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September 30, 2022 |
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|
0.492188 |
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|
- |
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|
- |
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The following table presents the quarterly distributions in arrears that were paid by the Operating Partnership per Series D Preferred Unit and the quarterly dividends in arrears that were paid by the Company per share of Series D Preferred Stock, during the years ended December 31, 2025, 2024, and 2023:
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Quarter Ended in Arrears |
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2025 |
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2024 |
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2023 |
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March 31, 2020 |
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$ |
- |
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$ |
- |
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$ |
0.515625 |
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June 30, 2020 |
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- |
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- |
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|
0.515625 |
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September 30, 2020 |
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- |
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- |
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|
0.515625 |
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December 31, 2020 |
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- |
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- |
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0.515625 |
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March 31, 2021 |
|
- |
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|
- |
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|
0.515625 |
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June 30, 2021 |
|
- |
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|
0.515625 |
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|
- |
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September 30, 2021 |
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- |
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|
0.515625 |
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|
- |
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December 31, 2021 |
|
- |
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0.515625 |
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- |
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March 31, 2022 |
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- |
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0.515625 |
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|
- |
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June 30, 2022 |
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|
0.515625 |
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|
- |
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|
- |
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September 30, 2022 |
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|
0.515625 |
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|
- |
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- |
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