Common and Preferred Share (Tables)

12 Months Ended

Dec. 31, 2019

Common and Preferred Shares [Abstract]

Schedule of Dividends Per Common Share

Of the total distributions calculated for tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid per common share for the years ended December 31, 2019 and 2018 are as follows:

	Cash Distributions Per Share
	2019		2018
Taxable ordinary income (1)	$	2.7411	$	4.1253
Return of capital	1.3966		—
Long-term capital gain (2)	0.3473		0.1747
Totals	$	4.4850	$	4.3000

Schedule of Dividends Per Preferred Share

The Board of Trustees declared cash dividends totaling $1.4375 per Series G preferred share for each of the years ended December 31, 2019 and 2018. For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid per Series G preferred share for the years ended December 31, 2019 and 2018 are as follows:

	Cash Distributions per Share
	2019		2018
Taxable ordinary income (1)	$	1.2758	$	1.2105
Return of capital	—		—
Long-term capital gain (2)	0.1617		0.0513
Totals	$	1.4375	$	1.2618

(1) Amounts qualify in their entirety as 199A distributions.

(2) Of the long-term capital gain, $0.1617 and $0.0030 were unrecaptured section 1250 gains for the years ended December 31, 2019 and 2018, respectively.

For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid and non-cash deemed distributions per Series C preferred share for the years ended December 31, 2019 and 2018 are as follows:

	Cash Distributions per Share
	2019		2018
Taxable ordinary income (1)	$	1.2758	$	1.3791
Return of capital	—		—
Long-term capital gain (2)	0.1617		0.0584
Totals	$	1.4375	$	1.4375

(1) Amounts qualify in their entirety as 199A distributions.

(2) Of the long-term capital gain, $0.1617 and $0.0034 were unrecaptured section 1250 gains for the years ended December 31, 2019 and 2018, respectively.

	Non-cash Distributions per Share
	2019		2018
Taxable ordinary income (3)	$	0.1050	$	0.5953
Return of capital	0.5639		—
Long-term capital gain (4)	0.0133		0.0252
Totals	$	0.6822	$	0.6205

(3) Amounts qualify in their entirety as 199A distributions.

(4) Of the long-term capital gain, $0.0133 and $0.0015 were unrecaptured section 1250 gains for the years ended December 31, 2019 and 2018, respectively.

For tax purposes, the amounts characterized as ordinary income, return of capital and long-term capital gain for cash distributions paid and non-cash deemed distributions per Series E preferred share for the years ended December 31, 2019 and 2018 are as follows:

	Cash Distributions per Share
	2019		2018
Taxable ordinary income (1)	$	1.9970	$	2.1586
Return of capital	—		—
Long-term capital gain (2)	0.2530		0.0914
Totals	$	2.2500	$	2.2500

(1) Amounts qualify in their entirety as 199A distributions.

(2) Of the long-term capital gain, $0.2530 and $0.0053 were unrecaptured section 1250 gains for the years ended December 31, 2019 and 2018, respectively.

	Non-cash Distributions per Share
	2019		2018
Taxable ordinary income (3)	$	—	$	0.5092
Return of capital	0.6024		—
Long-term capital gain (4)	—		0.0216
Totals	$	0.6024	$	0.5308

(3) Amounts qualify in their entirety as 199A distributions.

(4) There were no unrecaptured section 1250 gains for the year ended December 31, 2019. Of the long-term capital gain, $0.0013 was unrecaptured section 1250 gains for the year ended December 31, 2018.