Common Stock Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2015

Restricted Stock

Summary of common stock grant activity under the 2012 Plan

	For the six months ended				For the year ended
	June 30, 2015				December 31, 2014
	Number of		Weighted		Number of		Weighted
	shares		average price(1)		shares		average price(1)
Outstanding nonvested shares, beginning of year	527,176		$	29.02	722,263		$	23.37
Shares granted	153,785		$	50.90	262,655		$	39.87
Shares vested	(160,307	)	$	36.78	(440,348	)	$	36.88
Shares forfeited	(24,310	)	$	44.93	(17,394	)	$	39.07
Outstanding nonvested shares, end of each period	496,344		$	34.82	527,176		$	29.02

(1) Grant date fair value.

Performance shares

Summary of common stock grant activity under the 2012 Plan

	For the six months ended			For the year ended
	June 30, 2015			December 31, 2014
	Number of	Weighted		Number of		Weighted
	performance	average		performance		average
	shares	price(1)		shares		price(1)
Outstanding nonvested shares, beginning of year	59,405	$	41.46	-		$	-
Shares granted	55,716	$	52.78	71,705		$	41.46
Shares vested	-	$	-	(4,067	)	$	41.46
Shares forfeited	-	$	-	(8,233	)	$	41.46
Outstanding nonvested shares, end of each period	115,121	$	46.94	59,405		$	41.46

(1)Grant date fair value.

Schedule of number of performance shares that vest based on the achievement of performance goals

2015 Performance Awards
Metrics	Weighting
Total shareholder return (“TSR”) relative to MSCI US REIT Index	50%
TSR relative to NAREIT Freestanding Index	20%
Dividend per share growth rate	20%
Debt-to-EBITDA ratio	10%
2014 Performance Awards
Metrics	Weighting
TSR relative to MSCI US REIT Index	60%
TSR relative to NAREIT Freestanding Index	20%
Debt-to-EBITDA ratio	20%