Distributions

12 Months Ended

Dec. 31, 2021

Distributions

Distributions

12. Distributions

We must distribute at least 90% of our taxable income in order to continue to qualify as a REIT. This distribution requirement can be satisfied by current year distributions or, to a certain extent, by distributions in the following year.

For federal tax purposes, distributions to stockholders are treated as ordinary income, capital gains, return of capital or a combination thereof. Distributions for 2021, 2020 and 2019 were cash distributions. The federal income tax classification of the per share common stock distributions are as follows (unaudited):

	Year Ended December 31,
	2021		2020		2019
Ordinary taxable distribution	$	1.220	$	0.936	$	2.084
Return of capital		0.750		—		—
Unrecaptured Section 1250 gain		0.252		0.894		0.132
Long-term capital gain		0.058		0.450		0.064
Total	$	2.280	$	2.280	$	2.280