Distributions Paid and Payable (Tables)

12 Months Ended

Dec. 31, 2019

Dividends [Abstract]

Summary of monthly distributions paid per common share

The following is a summary of monthly distributions paid per common share for 2019, 2018 and 2017:

Month	2019		2018		2017
January	$	0.2210	$	0.2125	$	0.2025
February	0.2255		0.2190		0.2105
March	0.2255		0.2190		0.2105
April	0.2260		0.2195		0.2110
May	0.2260		0.2195		0.2110
June	0.2260		0.2195		0.2110
July	0.2265		0.2200		0.2115
August	0.2265		0.2200		0.2115
September	0.2265		0.2200		0.2115
October	0.2270		0.2205		0.2120
November	0.2270		0.2205		0.2120
December	0.2270		0.2205		0.2120
Total	$	2.7105	$	2.6305	$	2.5270

Schedule of federal income tax characterization of distributions paid or deemed to be paid

The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:

	2019		2018		2017
Ordinary income	$	2.1206964	$	2.0269173	$	1.9402085
Nontaxable distributions	0.5898036		0.6035827		0.5478464
Total capital gain distribution	—		—		0.0389451
Totals	$	2.7105000	$	2.6305000	$	2.5270000