Dividends Declared and Paid

12 Months Ended

Dec. 31, 2019

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, 2019. 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			Section 199A Dividends
January		1/31/2019		2/22/2019		$	0.11		$	0.11		$	0.0847		$	0.0253		$	0.0847
February		2/28/2019		3/29/2019		0.11			0.11			0.0847			0.0253			0.0847
March		3/29/2019		4/26/2019		0.11			0.11			0.0847			0.0253			0.0847
1st Quarter 2019						$	0.33		$	0.33		$	0.2541		$	0.0759		$	0.2541

April		4/30/2019		5/31/2019		$	0.11		$	0.11		$	0.0847		$	0.0253		$	0.0847
May		5/31/2019		6/28/2019		0.11			0.11			0.0847			0.0253			0.0847
June		6/28/2019		7/26/2019		0.11			0.11			0.0847			0.0253			0.0847
2nd Quarter 2019						$	0.33		$	0.33		$	0.2541		$	0.0759		$	0.2541

July		7/31/2019		8/30/2019		$	0.11		$	0.11		$	0.0847		$	0.0253		$	0.0847
August		8/30/2019		9/27/2019		0.11			0.11			0.0847			0.0253			0.0847
September		9/30/2019		10/25/2019		0.11			0.11			0.0847			0.0253			0.0847
3rd Quarter 2019						$	0.33		$	0.33		$	0.2541		$	0.0759		$	0.2541

October		10/31/2019		11/29/2019		$	0.11		$	0.11		$	0.0847		$	0.0253		$	0.0847
November		11/29/2019		12/27/2019		0.11			0.11			0.0847			0.0253			0.0847
December		12/31/2019		1/31/2020		0.11			0.11			0.0847			0.0253			0.0847

4th Quarter 2019						$	0.33		$	0.33		$	0.2541		$	0.0759		$	0.2541

Total 2019						$	1.32		$	1.32		$	1.0164		$	0.3036		$	1.0164


	Record Date		Payment Date		Common share distribution amount			LTIP unit distribution amount			Taxable Ordinary Income			Return of Capital			Section 199A Dividends
January		1/31/2018		2/23/2018		$	0.11		$	0.11		$	0.0954		$	0.0146		$	0.0954
February		2/28/2018		3/30/2018		0.11			0.11			0.0954			0.0146			0.0954
March		3/29/2018		4/27/2018		0.11			0.11			0.0954			0.0146			0.0954
1st Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438		$	0.2862

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

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

October		10/31/2018		11/30/2018		$	0.11		$	0.11		$	0.0954		$	0.0146		$	0.0954
November		11/30/2018		12/28/2018		0.11			0.11			0.0954			0.0146			0.0954
December		12/31/2018		1/25/2019		0.11			0.11			0.0954			0.0146			0.0954
4th Quarter 2018						$	0.33		$	0.33		$	0.2862		$	0.0438		$	0.2862

Total 2018						$	1.32		$	1.32		$	1.1448		$	0.1752		$	1.1448

For the year ended December 31, 2019, approximately 77.0% of the distributions paid to stockholders were considered ordinary income and approximately 23.0% were considered return of capital. 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.