Dividends Declared and Paid

12 Months Ended

Dec. 31, 2018

The Company declared regular common share dividends of $1.32 per share and distributions on LTIP units of $1.32 per unit for the year ended December 31, 2018. The dividends and distributions and their tax characterization were as follows:


	Record Date		Payment Date		Common share distribution amount			LTIP unit distribution amount			Taxable Ordinary Income			Return of Capital
January		1/31/2018		2/23/2018		$	0.11		$	0.11		$	0.0954		$	0.0146
February		2/28/2018		3/30/2018		0.11			0.11			0.0954			0.0146
March		3/29/2018		4/27/2018		0.11			0.11			0.0954			0.0146
1st Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438

April		4/30/2018		5/25/2018		$	0.11		$	0.11		$	0.0954		$	0.0146
May		5/31/2018		6/29/2018		0.11			0.11			0.0954			0.0146
June		6/29/2018		7/27/2018		0.11			0.11			0.0954			0.0146
2nd Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438

July		7/31/2018		8/31/2018		$	0.11		$	0.11		$	0.0954		$	0.0146
August		8/31/2018		9/28/2018		0.11			0.11			0.0954			0.0146
September		9/28/2018		10/26/2018		0.11			0.11			0.0954			0.0146
3rd Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438

October		10/31/2018		11/30/2018		$	0.11		$	0.11		$	0.0954		$	0.0146
November		11/30/2018		12/28/2018		0.11			0.11			0.0954			0.0146
December		12/31/2018		1/25/2019		0.11			0.11			0.0954			0.0146

4th Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438

Total 2018						$	1.32		$	1.32		$	1.1448		$	0.1752


	Record Date		Payment Date		Common share distribution amount			LTIP unit distribution amount			Taxable Ordinary Income			Unrecap. Sec 1250 Gain
January		1/31/2017		2/24/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
February		2/28/2017		3/31/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
March		3/31/2017		4/28/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
1st Quarter 2017						$	0.33		$	0.33		$	0.3126		$	0.0174

April		4/28/2017		5/26/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
May		5/26/2017		6/30/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
June		6/30/2017		7/28/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
2nd Quarter 2017						$	0.33		$	0.33		$	0.3126		$	0.0174

July		7/31/2017		8/25/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
August		8/31/2017		9/29/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
September		9/29/2017		10/27/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
3rd Quarter 2017						$	0.33		$	0.33		$	0.3126		$	0.0174

October		10/31/2017		11/24/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
November		11/30/2017		12/29/2017		$	0.11		$	0.11		$	0.1042		$	0.0058
December		12/29/2017		1/26/2018		$	0.11		$	0.11		$	0.1042		$	0.0058
4th Quarter 2017						$	0.33		$	0.33		$	0.3126		$	0.0174

Total 2017						$	1.32		$	1.32		$	1.2504		$	0.0696

For the year ended December 31, 2018, approximately 86.7% of the distributions paid to stockholders were considered ordinary income and approximately 13.3% were considered return of capital. For the year ended December 31, 2017, approximately 94.7% of the distributions paid to stockholders were considered ordinary income and approximately 5.3% were considered section 1250 unrecaptured gain.