Common and Preferred Share (Tables)

12 Months Ended

Dec. 31, 2017

Common and Preferred Shares [Abstract]

Schedule of Dividends Per Common Share

Of the total distributions calculated for tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid per common share for the years ended December 31, 2017 and 2016 are as follows:

	Cash Distributions Per Share
	2017		2016
Taxable ordinary income	$	3.5434	$	3.1659
Return of capital	0.2762		0.2489
Long-term capital gain (1)	0.2404		0.4077
Totals	$	4.0600	$	3.8225

Schedule of Dividends Per Preferred Share

For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid and non-cash deemed distributions per Series E preferred share for the years ended December 31, 2017 and 2016 are as follows:

	Cash Distributions per Share
	2017		2016
Taxable ordinary income	$	2.1070	$	1.9933
Return of capital	—		—
Long-term capital gain (1)	0.1430		0.2567
Totals	$	2.2500	$	2.2500

(1) Of the long-term capital gain, $0.0551 and $0.0668 were unrecaptured section 1250 gains for the years ended December 31, 2017 and 2016, respectively.

	Non-cash Distributions per Share
	2017		2016
Taxable ordinary income	$	0.1428	$	0.0883
Return of capital	0.1094		0.1142
Long-term capital gain (2)	0.0097		0.0114
Totals	$	0.2619	$	0.2139

(2) Of the long-term capital gain, $0.0037 and $0.0030 were unrecaptured section 1250 gains for the years ended December 31, 2017 and 2016, respectively.

For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid and non-cash deemed distributions per Series C preferred share for the years ended December 31, 2017 and 2016 are as follows:

	Cash Distributions per Share
	2017		2016
Taxable ordinary income	$	1.3462	$	1.2735
Return of capital	—		—
Long-term capital gain (1)	0.0913		0.1640
Totals	$	1.4375	$	1.4375

(1) Of the long-term capital gain, $0.0352 and $0.0426 were unrecaptured section 1250 gains for the years ended December 31, 2017 and 2016, respectively.

	Non-cash Distributions per Share
	2017		2016
Taxable ordinary income	$	0.3527	$	0.2850
Return of capital	0.1152		0.1177
Long-term capital gain (2)	0.0239		0.0367
Totals	$	0.4918	$	0.4394

(2) Of the long-term capital gain, $0.0092 and $0.0095 were unrecaptured section 1250 gains for the year ended December 31, 2017 and 2016, respectively.

The Board of Trustees declared cash dividends totaling $1.54123 and $1.65625 per Series F preferred share for the years ended December 31, 2017 and 2016, respectively. For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid per Series F preferred share for the years ended December 31, 2017 and 2016 are as follows:

	Cash Distributions per Share
	2017		2016
Taxable ordinary income	$	1.8310	$	1.4673
Return of capital	—		—
Long-term capital gain (1)	0.1243		0.1889
Totals	$	1.9553	$	1.6562

(1) Of the long-term capital gain, $0.04792 and $0.04914 were unrecaptured section 1250 gains for the years ended December 31, 2017 and 2016, respectively.