Common Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2017

Common Stock Incentive Plan

Schedule of nonvested restricted stock activity

	2017				2016				2015
			Weighted				Weighted				Weighted
	Number of		average		Number of		average		Number of		average
	shares		price(1)		shares		price(1)		shares		price(1)
Outstanding nonvested shares, beginning of year	513,523		$	48.33	456,282		$	30.46	527,176		$	29.02
Shares granted	149,264		$	59.21	260,171		$	54.14	161,949		$	50.87
Shares vested	(183,381	)	$	46.65	(200,066	)	$	43.26	(205,248	)	$	37.70
Shares forfeited	(3,638	)	$	56.57	(2,864	)	$	48.15	(27,595	)	$	45.58
Outstanding nonvested shares, end of each period	475,768		$	52.32	513,523		$	48.33	456,282		$	30.46

(1) Grant date fair value.

Schedule of number of performance shares that vest based on the achievement of performance goals

2017 Performance Awards Metrics	Weighting
Total shareholder return (“TSR”) relative to RMS Index	45%
TSR relative to JP Morgan Net Lease Peers	26%
Dividend per share growth rate	16%
Debt-to-EBITDA ratio	13%
2016 & 2015 Performance Awards Metrics	Weighting
Total shareholder return (“TSR”) relative to MSCI US REIT Index	50%
TSR relative to NAREIT Freestanding Index	20%
Dividend per share growth rate	20%
Debt-to-EBITDA ratio	10%

Schedule of nonvested performance shares activity

	2017				2016				2015
	Number of		Weighted		Number of		Weighted		Number of	Weighted
	performance		average		performance		average		performance	average
	shares		price(1)		shares		price(1)		shares	price(1)
Outstanding nonvested shares, beginning of year	159,751		$	49.95	115,121		$	46.94	59,405	$	41.46
Shares granted	124,681		$	71.79	58,575		$	55.07	55,716	$	52.78
Shares vested	(39,123	)	$	41.60	(10,454	)	$	44.54	-	$	-
Shares forfeited	-		$	-	(3,491	)	$	52.55	-	$	-
Outstanding nonvested shares, end of each period	245,309		$	62.49	159,751		$	49.95	115,121	$	46.94

(1) Grant date fair value.

Schedule of nonvested restricted stock units activity

	2017				2016				2015
	Number of		Weighted		Number of		Weighted		Number of	Weighted
	restricted stock		average		restricted stock		average		restricted stock	average
	units		price(1)		units		price(1)		units	price(1)
Outstanding nonvested shares, beginning of year	18,460		$	52.65	10,136		$	52.21	-	$	-
Shares granted	10,467		$	60.56	14,783		$	52.76	10,136	$	52.21
Shares vested	(4,058	)	$	52.70	(6,459	)	$	52.21	-	$	-
Outstanding nonvested shares, end of each period	24,869		$	55.97	18,460		$	52.65	10,136	$	52.21
(1) Grant date fair value.