Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
Ordinary income	99.07	%	—	%	0.15	%
Return of capital	0.93	%	—	%	—	%
Capital gain(1)	—	%	—	%	82.60	%
Unrecaptured Section 1250 gain	—	%	—	%	17.25	%
	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 2022, 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 11, 2022	January 28, 2022	February 15, 2022	$	0.40625
April 11, 2022	April 29, 2022	May 16, 2022	$	0.40625
July 14, 2022	July 29, 2022	August 15, 2022	$	0.40625
October 14, 2022	October 31, 2022	November 15, 2022	$	0.40625

The following characterizes distributions paid per preferred share for the years ended December 31, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
Ordinary income	100.00	%	—	%	0.15	%
Return of capital	—	%	100.00	%	—	%
Capital gain(1)	—	%	—	%	82.60	%
Unrecaptured Section 1250 gain	—	%	—	%	17.25	%
	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.