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Dividends and Distribution Payable
3 Months Ended
Mar. 31, 2024
Dividends and Distribution Payable  
Dividends and Distribution Payable

Note 7 – Dividends and Distribution Payable

During the three months ended March 31, 2024 and 2023, the Company declared monthly dividends of $0.247 and $0.240, respectively, per common share. Holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Common Unit held. The dividends and distributions payable for January and February were paid during the three months ended March 31, 2024 and 2023, while the March dividends and distributions were recorded as liabilities on the condensed consolidated balance sheets at March 31, 2024 and 2023. The March 2024 and 2023 dividends per common share and distributions per Operating Partnership Common Units were paid on April 12, 2024 and April 14, 2023, respectively.

During the three months ended March 31, 2024 and 2023, the Company declared monthly dividends on the Series A Preferred Shares in the amount of $0.08854, per Depositary Share.  The dividends payable for January and February were paid during the three months ended March 31, 2024 and 2023, while the March dividends and distributions were recorded as a liability on the condensed consolidated balance sheet at March 31, 2024 and 2023. The March 2024 and 2023 dividends per Depository Share were paid on April 1, 2024 and April 3, 2023, respectively.