Distributions

12 Months Ended

Dec. 31, 2011

Distributions

Distributions

13. Distributions

        We must distribute at least 90% of our taxable income in order to continue to qualify as a REIT. This distribution requirement can be satisfied by current year distributions or, to a certain extent, by distributions in the following year.

        For federal tax purposes, distributions to stockholders are treated as ordinary income, capital gains, return of capital or a combination thereof. Distributions for 2011, 2010 and 2009 were cash distributions. The federal income tax classification of the per share common stock distributions are as follows (unaudited):

	Year Ended December 31,
	2011		2010		2009
Ordinary taxable distribution	$	1.370	$	1.200	$	1.549
Return of capital		0.295		0.334		—
Unrecaptured Section 1250 gain		—		0.034		—
Long term capital gain		0.015		0.012		0.011
Total		1.680	$	1.580	$	1.560