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Distributions
12 Months Ended
Dec. 31, 2012
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 2012, 2011 and 2010 were cash distributions. The federal income tax classification of the per share common stock distributions are as follows (unaudited):

 
  Year Ended December 31,  
 
  2012   2011   2010  

Ordinary taxable distribution

  $ 1.539   $ 1.370   $ 1.200  

Return of capital

    0.242     0.295     0.334  

Unrecaptured Section 1250 gain

    0.004         0.034  

Long term capital gain

    0.005     0.015     0.012  
               

Total

  $ 1.790   $ 1.680   $ 1.580