Distributions Paid and Payable

6 Months Ended

Jun. 30, 2018

Dividends [Abstract]

Distributions Paid and Payable

Distributions Paid and Payable

A.    Common Stock

We pay monthly distributions to our common stockholders.  The following is a summary of monthly distributions paid per common share for the first six months of 2018 and 2017:

Month	2018		2017
January	$	0.2125	$	0.2025
February	0.2190		0.2105
March	0.2190		0.2105
April	0.2195		0.2110
May	0.2195		0.2110
June	0.2195		0.2110
Total	$	1.3090	$	1.2565

At June 30, 2018, a distribution of $0.22 per common share was payable and was paid in July 2018.

B.    Class F Preferred Stock

In April 2017, we redeemed all 16,350,000 shares of our Class F preferred stock. During the first six months of 2017, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $3.9 million. In April 2017, we paid a final monthly dividend of $0.101215 per share, or $1.7 million, which was recorded as interest expense, since these dividends accrued subsequent to the March 2017 notice of redemption.