Dividends and Distribution Payable

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

The Company declared dividends of $2.025, $1.920 and $1.845 per share during the years ended December 31, 2017, 2016 and 2015; the dividends have been reflected for federal income tax purposes as follows:

For the Year Ended December 31,	2017		2016		2015
Ordinary Income	$	1.695	$	1.557	$	1.519
Return of Capital		0.330		0.363		0.326
Total	$	2.025	$	1.920	$	1.845

On December 5, 2017, the Company declared a dividend of $0.520 per share for the quarter ended December 31, 2017. The holders Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of December 20, 2017. The dividends and distributions payable are recorded as liabilities in the Company's consolidated balance sheet at December 31, 2017. The dividend has been reflected as a reduction of stockholders' equity and the distribution has been reflected as a reduction of the limited partners' non-controlling interest. These amounts were paid on January 3, 2018.