Title of each class of securities to be registered
|
| |
Proposed aggregate
maximum offering price(1) |
| |
Amount of
registration fee(2) |
| ||||||
7.375% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
|
| | | $ | 200,000,000 | | | | | $ | 21,820 | | |
| BMO Capital Markets | | | | | |
B. Riley Securities
|
|
| D.A. Davidson & Co. | | |
Ladenburg Thalmann
|
| |
Truist Securities
|
|
| BBVA | | |
Citizens Capital Markets
|
| |
KeyBanc Capital Markets
|
|
| | |
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| | | | S-4 | | | |
| | | | S-5 | | | |
| | | | S-11 | | | |
| | | | S-17 | | | |
| | | | S-18 | | | |
| | | | S-30 | | | |
| | | | S-34 | | | |
| | | | S-35 | | | |
| | | | S-35 | | | |
| | | | S-36 | | | |
| | | | S-37 | | |
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Year Ended December 31,
|
| | | | | | | |||||||||||||||||||||
(Dollars in Thousands)
|
| |
January 1,
2018 to March 31, 2018 |
| |
2017
|
| |
2016
|
| |
2015
|
| |
2014
|
| |
January 22,
2013 (date of inception) to December 31, 2013 |
| ||||||||||||||||||
Earnings: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | 15,431 | | | | | $ | (46,577) | | | | | $ | (54,255) | | | | | $ | (21,117) | | | | | $ | (1,997) | | | | | $ | (20,797) | | |
Add: Interest expense
|
| | | | 15,604 | | | | | | 57,839 | | | | | | 49,814 | | | | | | 43,000 | | | | | | 29,174 | | | | | | 194 | | |
Amortization of deferred costs
|
| | | | 1,362 | | | | | | 6,693 | | | | | | 8,650 | | | | | | 12,663 | | | | | | 4,588 | | | | | | 291 | | |
Amortization of mortgage premiums on borrowings
|
| | | | (835) | | | | | | (4,096) | | | | | | (4,211) | | | | | | (7,208) | | | | | | (6,097) | | | | | | — | | |
Earnings
|
| | | $ | 31,562 | | | | | $ | 13,859 | | | | | $ | (2) | | | | | $ | 27,338 | | | | | $ | 25,668 | | | | | $ | (20,312) | | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | $ | 15,604 | | | | | $ | 57,839 | | | | | $ | 49,814 | | | | | $ | 43,000 | | | | | $ | 29,174 | | | | | $ | 194 | | |
Amortization of deferred costs
|
| | | | 1,362 | | | | | | 6,693 | | | | | | 8,650 | | | | | | 12,663 | | | | | | 4,588 | | | | | | 291 | | |
Amortization of mortgage premiums on borrowings
|
| | | | (835) | | | | | | (4,096) | | | | | | (4,211) | | | | | | (7,208) | | | | | | (6,097) | | | | | | — | | |
Fixed Charges
|
| | | $ | 16,131 | | | | | $ | 60,436 | | | | | $ | 54,253 | | | | | $ | 48,455 | | | | | $ | 27,665 | | | | | $ | 485 | | |
Preferred distributions
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Combined fixed charges
|
| | | $ | 16,131 | | | | | $ | 60,436 | | | | | $ | 54,253 | | | | | $ | 48,455 | | | | | $ | 27,665 | | | | | $ | 485 | | |
Ratio of earnings to fixed charges
|
| | | | 1.96 | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |
Ratio of earnings to combined fixed charges
|
| | | | 1.96 | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | |