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Dividends and Distribution Payable
3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Dividends and Distribution Payable

Note 7 – Dividends and Distribution Payable

On February 25, 2020, the Company declared a dividend of $0.585 per share (and distributions per Operating Partnership Unit) for the quarter ended March 31, 2020. The holders of the Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of March 27, 2020. The dividends and distributions payable were recorded as liabilities on the Company’s condensed consolidated balance sheet at March 31, 2020. 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 April 9, 2020.