Dividends and Distribution Payable

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

The Company declared dividends of $1.845, $1.74 and $1.64 per share during the years ended December 31, 2015, 2014 and 2013; the dividends have been reflected for federal income tax purposes as follows:

For the Year Ended December 31,	2015		2014		2013
Ordinary Income	$	1.519	$	1.398	$	1.372
Return of Capital		0.326		0.342		0.268

Total	$	1.845	$	1.740	$	1.640

On December 1, 2015, the Company declared a dividend of $0.465 per share for the quarter ended December 31, 2015. The holders OP Units were entitled to an equal distribution per OP Unit held as of December 22, 2015. The dividends and distributions payable are recorded as liabilities in the Company’s consolidated balance sheet at December 31, 2015. 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 5, 2016.