10-Q Filing

SUNSTONE HOTEL INVESTORS, INC. CIK: 1295810 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-000831`
Period End Date	20150331
Filing Date	20150508
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	sho-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 60 Cash Flow Statement 66 Stockholders Equity 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.79M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$82.07M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$87.26M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.91M	USD	Point-in-time
Inventories	`InventoryNet`	$1.37M	USD	Point-in-time
Inventories	`InventoryNet`	$1.44M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.91M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$15.89M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$312.40M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$354.75M	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.54B	USD	Point-in-time
Investment in hotel properties, net	`RealEstateInvestmentPropertyNet`	$3.54B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	204.77M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	207.52M	shares	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$7.57M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	204.77M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	207.52M	shares	Point-in-time
Deferred financing fees, net	`DeferredFinanceCostsNoncurrentNet`	$8.20M	USD	Point-in-time
Goodwill	`Goodwill`	$9.40M	USD	Point-in-time
Goodwill	`Goodwill`	$9.40M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$14.48M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$14.86M	USD	Point-in-time
Total assets	`Assets`	$3.88B	USD	Point-in-time
Total assets	`Assets`	$3.92B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.81M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.58M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.92M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.96M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$76.69M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$12.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$36.47M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.16M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$235.97M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$121.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$298.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$351.64M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.31B	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$1.19B	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.58M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.58M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$33.61M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$34.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 207,518,510 shares issued and outstanding at March 31, 2015 and 204,766,718 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$2.05M	USD	Point-in-time
Common stock, $0.01 par value, 500,000,000 shares authorized, 207,518,510 shares issued and outstanding at March 31, 2015 and 204,766,718 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$2.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.42B	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.45B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$305.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$304.52M	USD	Point-in-time
Cumulative dividends	`CumulativeDividends`	$637.28M	USD	Point-in-time
Cumulative dividends	`CumulativeDividends`	$624.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.22B	USD	Point-in-time
Non-controlling interests in consolidated joint ventures	`MinorityInterest`	$52.26M	USD	Point-in-time
Non-controlling interests in consolidated joint ventures	`MinorityInterest`	$52.98M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.92B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.88B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Room	`OccupancyRevenue`	$193.29M	USD	1 Quarter
Room	`OccupancyRevenue`	$168.13M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$59.91M	USD	1 Quarter
Food and beverage	`FoodAndBeverageRevenue`	$72.18M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$18.91M	USD	1 Quarter
Other operating	`OtherHotelOperatingRevenue`	$15.45M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$243.48M	USD	1 Quarter
Total revenues	`RevenueFromLeasedAndOwnedHotels`	$284.38M	USD	1 Quarter
Room	`OccupancyCosts`	$48.92M	USD	1 Quarter
Room	`OccupancyCosts`	$53.84M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$50.22M	USD	1 Quarter
Food and beverage	`FoodAndBeverageCostOfSales`	$42.91M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$5.13M	USD	1 Quarter
Other operating	`OtherDirectCostsOfHotels`	$5.00M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$12.97M	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$15.36M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$10.88M	USD	1 Quarter
Repairs and maintenance	`CostOfPropertyRepairsAndMaintenance`	$11.56M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$8.29M	USD	1 Quarter
Utilities	`UtilitiesCosts`	$8.98M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$8.60M	USD	1 Quarter
Franchise costs	`FranchiseFeesAndAssessments`	$8.08M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$19.05M	USD	1 Quarter
Property tax, ground lease and insurance	`OccupancyNet`	$23.61M	USD	1 Quarter
Property general and administrative	`OtherCostAndExpenseOperating`	$34.45M	USD	1 Quarter
Property general and administrative	`OtherCostAndExpenseOperating`	$28.92M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$14.25M	USD	1 Quarter
Corporate overhead	`GeneralAndAdministrativeExpense`	$6.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.62M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$229.19M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$266.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.29M	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$716.00K	USD	1 Quarter
Interest and other income	`OtherNonoperatingIncomeExpense`	$946.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.28M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.27M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.29M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$85.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$224.00K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-3.50M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$1.20M	USD	1 Quarter
Income from consolidated joint ventures attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.23M	USD	1 Quarter
Income from consolidated joint ventures attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.18M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.30M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.30M	USD	1 Quarter
Undistributed income allocated to unvested restricted stock compensation	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	-	USD	1 Quarter
Undistributed income allocated to unvested restricted stock compensation	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	-	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.03M	USD	1 Quarter
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.28M	USD	1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$-8.03M	USD	1 Quarter
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	`ComprehensiveIncomeNetOfTax`	$-3.28M	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted loss attributable to common stockholders per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	206.60M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	181.06M	shares	1 Quarter
Dividend declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividend declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-3.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.20M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$95.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$138.00K	USD	1 Quarter
Gain on sales of assets	`GainLossOnSaleOfOtherAssets`	$6.00K	USD	1 Quarter
Gain on derivatives, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$109.00K	USD	1 Quarter
Depreciation	`Depreciation`	$36.93M	USD	1 Quarter
Depreciation	`Depreciation`	$39.47M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$1.75M	USD	1 Quarter
Amortization of franchise fees and other intangibles	`AmortizationOfIntangibleAssets`	$2.05M	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$736.00K	USD	1 Quarter
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$639.00K	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$1.37M	USD	1 Quarter
Amortization of deferred stock compensation	`ShareBasedCompensation`	$2.90M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-6.11M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-6.17M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-68.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-129.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.77M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$289.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$12.65M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayable`	$8.18M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.61M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.28M	USD	1 Quarter
Proceeds from sales of other assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$7.00K	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$11.30M	USD	1 Quarter
Restricted cash - replacement reserve	`IncreaseDecreaseInRestrictedCash`	$-390.00K	USD	1 Quarter
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$33.35M	USD	1 Quarter
Renovations and additions to hotel properties	`PaymentsForCapitalImprovements`	$36.12M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.95M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.42M	USD	1 Quarter
Proceeds from common stock offerings	`ProceedsFromIssuanceOfCommonStock`	$1.39M	USD	1 Quarter
Payment of common stock offering costs	`PaymentsOfStockIssuanceCosts`	$173.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfSecuredDebt`	$5.67M	USD	1 Quarter
Payments on notes payable	`RepaymentsOfSecuredDebt`	$5.88M	USD	1 Quarter
Payments of deferred financing costs	`PaymentsOfFinancingCosts`	$10.00K	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$39.34M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$11.44M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$1.46M	USD	1 Quarter
Distributions to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$8.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.69M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.90M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-65.12M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.57M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$156.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$222.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$156.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.79M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$15.24M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$16.43M	USD	1 Quarter
Income tax refunds received net of cash paid	`IncomeTaxesPaid`	$-647.00K	USD	1 Quarter
Accounts payable related to renovations and additions to hotel properties	`CapitalExpendituresIncurredButNotYetPaid`	$9.08M	USD	1 Quarter
Accounts payable related to renovations and additions to hotel properties	`CapitalExpendituresIncurredButNotYetPaid`	$12.48M	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$114.00K	USD	1 Quarter
Amortization of deferred stock compensation - construction activities	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$165.00K	USD	1 Quarter
Issuance of common stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$37.35M	USD	1 Quarter
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$11.47M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$12.73M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock dividends per share (in dollars per share)	`CommonStockStockDividendsPerSharePaid`	$0.36	USD	1 Quarter
Common stock dividends payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common stock dividends payable, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Series D preferred stock dividends payable, per share (in dollars per share)	`PreferredStockDividendRatePerDollarAmount`	$0.50	USD	1 Quarter
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Vesting of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-1.17M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.46M	USD	1 Quarter
Issuance of common stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$37.35M	USD	1 Quarter
Common stock dividends payable	`DividendsCommonStockCash`	$10.43M	USD	1 Quarter
Preferred dividends payable	`DividendsPreferredStockCash`	$2.30M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.50M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.20M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.