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Dividends and Distribution Payable
6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
Dividends and Distribution Payable

Note 7 – Dividends and Distribution Payable

On May 5, 2020, the Company declared a dividend of $0.60 per share (and distributions per Operating Partnership Unit) for the quarter ended June 30, 2020. The holders of the Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of June 26, 2020. The dividends and distributions payable were recorded as liabilities on the Company’s condensed consolidated balance sheet at June 30, 2020. The dividend has been reflected as a reduction of stockholders’ equity and the distribution has been reflected as a reduction of the limited partners’ non-controlling interest. These amounts were paid on July 10, 2020.