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Common Stock Incentive Plan (Tables) | 12 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Schedule of nonvested restricted stock activity | The following table summarizes our common stock grant activity under our 2012 Plan.
|  | 2020 |  | 2019 |  | 2018
|  | Number of shares |  | Weighted average price(1) |  | Number of shares |  | Weighted average price(1) |  | Number of shares |  | Weighted average price(1)
Outstanding nonvested shares, beginning of year |  | 259,698 |  |  | $ | 58.39 |  |  | 307,821 |  |  | $ | 53.44 |  |  | 475,768 |  |  | $ | 52.32 |
Shares granted |  | 103,473 |  |  | $ | 67.84 |  |  | 87,327 |  |  | $ | 69.83 |  |  | 183,952 |  |  | $ | 52.21 |
Shares vested |  | (141,486) |  |  | $ | 56.94 |  |  | (126,363) |  |  | $ | 54.45 |  |  | (310,706) |  |  | $ | 51.05 |
Shares forfeited |  | (2,203) |  |  | $ | 66.48 |  |  | (9,087) |  |  | $ | 55.71 |  |  | (41,193) |  |  | $ | 53.06 |
Outstanding nonvested shares, end of each period |  | 219,482 |  |  | $ | 63.69 |  |  | 259,698 |  |  | $ | 58.39 |  |  | 307,821 |  |  | $ | 53.44 |
(1) Grant date fair value.
Schedule of number of performance shares that vest based on the achievement of performance goals | The number of performance shares that vest for each of the three years is based on the achievement of the following performance goals:
|  | Weighting for year granted
Performance Awards Metrics |  | 2020 |  | 2019 |  | 2018
Total shareholder return (“TSR”) ranking relative to MSCI US REIT Index |  | 70 | % |  | 45 | % |  | 45 | %
TSR ranking relative to J.P. Morgan Net Lease Peer Group |  | N/A |  | 26 | % |  | 26 | %
Dividend per share Growth Rate |  | 15 | % |  | 16 | % |  | 16 | %
Debt-to-Adjusted EBITDA re Ratio |  | N/A |  | 13 | % |  | 13 | %
Net Debt-to-Adjusted EBITDA re Ratio |  | 15 | % |  | N/A |  | N/A
Schedule of nonvested performance shares activity | The following table summarizes our performance share grant activity:
|  | 2020 |  | 2019 |  | 2018
|  | Number of performance shares |  | Weighted average price(1) |  | Number of performance shares |  | Weighted average price(1) |  | Number of performance shares |  | Weighted average price(1)
Outstanding nonvested shares, beginning of year |  | 304,663 |  |  | $ | 62.25 |  |  | 223,392 |  |  | $ | 58.78 |  |  | 245,309 |  |  | $ | 62.49 |
Shares granted |  | 136,729 |  |  | $ | 79.98 |  |  | 128,581 |  |  | $ | 65.34 |  |  | 269,868 |  |  | $ | 51.98 |
Shares vested |  | (139,012) |  |  | $ | 63.66 |  |  | (47,310) |  |  | $ | 54.27 |  |  | (291,785) |  |  | $ | 54.88 |
Shares forfeited |  | (10,621) |  |  | $ | 66.64 |  |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Outstanding nonvested shares, end of each period |  | 291,759 |  |  | $ | 69.73 |  |  | 304,663 |  |  | $ | 62.25 |  |  | 223,392 |  |  | $ | 58.78 |
(1) Grant date fair value.
Schedule of nonvested restricted stock units activity | During 2020, 2019 and 2018 we also granted restricted stock units that primarily vest over a four-year service period and have the same economic rights as shares of restricted stock:
|  | 2020 |  | 2019 |  | 2018
|  | Number of restricted stock units |  | Weighted average price(1) |  | Number of restricted stock units |  | Weighted average price(1) |  | Number of restricted stock units |  | Weighted average price(1)
Outstanding nonvested shares, beginning of year |  | 15,511 |  |  | $ | 59.82 |  |  | 14,968 |  |  | $ | 54.62 |  |  | 24,869 |  |  | $ | 55.97 |
Shares granted |  | 9,966 |  |  | $ | 78.79 |  |  | 5,482 |  |  | $ | 69.58 |  |  | 8,383 |  |  | $ | 49.96 |
Shares vested |  | (6,807) |  |  | $ | 58.63 |  |  | (4,939) |  |  | $ | 54.90 |  |  | (10,118) |  |  | $ | 55.01 |
Shares forfeited |  | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | (8,166) |  |  | $ | 53.45 |
Outstanding nonvested shares, end of each period |  | 18,670 |  |  | $ | 70.38 |  |  | 15,511 |  |  | $ | 59.82 |  |  | 14,968 |  |  | $ | 54.62 |
(1) Grant date fair value.

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