Dividends and Distribution Payable

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

The Company declared dividends of $2.155,  $2.025 and $1.920 per share during the years ended December 31, 2018, 2017 and 2016; the dividends have been reflected for federal income tax purposes as follows:

For the Year Ended December 31,	2018		2017		2016
Ordinary Income	$	1.638	$	1.695	$	1.557
Return of Capital		0.517		0.330		0.363
Total	$	2.155	$	2.025	$	1.920

On December 4, 2018, the Company declared a dividend of $0.555 per share for the quarter ended December 31, 2018. The holders of Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of December 21, 2018. The dividends and distributions payable are recorded as liabilities in the Company’s consolidated balance sheet at December 31, 2018. 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 4, 2019.