Distributions Paid and Payable

9 Months Ended

Sep. 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 nine 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
July	0.2200		0.2115
August	0.2200		0.2115
September	0.2200		0.2115
Total	$	1.9690	$	1.8910

At September 30, 2018, a distribution of $0.2205 per common share was payable and was paid in October 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 nine 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.