Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of Paid Distributions and Declared Distributions

The following characterizes distributions paid per common share for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
Ordinary income	0.15	%	50.30	%	100.00	%
Return of capital	—	%	—	%	—	%
Capital gain(1)	82.60	%	46.90	%	—	%
Unrecaptured Section 1250 gain	17.25	%	2.80	%	—	%
	100.00	%	100.00	%	100.00	%

(1)The 2020 capital gain distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures that the "One Year Amounts Disclosure" and the "Three Year Amounts Disclosure" are $0.

In 2020, our Board of Trustees declared distributions on our series D preferred shares to date as follows:

Declaration Date	Record Date	Payment Date	Dividend Per Share
January 10, 2020	January 30, 2020	February 18, 2020	$	0.40625
April 9, 2020	April 29, 2020	May 15, 2020	$	0.40625
July 8, 2020	July 29, 2020	August 17, 2020	$	0.40625
October 8, 2020	October 28, 2020	November 16, 2020	$	0.40625

The following characterizes distributions paid per preferred share for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
Ordinary income	0.15	%	50.3	%	100.00	%
Return of capital	—	%	—	%	—	%
Capital gain(1)	82.60	%	46.90	%	—	%
Unrecaptured Section 1250 gain	17.25	%	2.80	%	—	%
	100.0	%	100.0	%	100.00	%

(1)The 2020 capital gain distribution amounts are comprised entirely of long-term capital gain determined under Section 1231 of the Code, which amounts are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and the Treasury Regulations thereunder, the Company makes the following disclosures that the "One Year Amounts Disclosure" and the "Three Year Amounts Disclosure" are $0.