Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Rate Reconciliation

The following table is a reconciliation of our U.S. federal income tax provision determined using our statutory federal tax rate to our reported income tax (benefit) provision for the three months ended March 31, 2022 and 2021 (dollars in thousands):

	For the Three Months Ended March 31,
	2022				2021
Federal statutory tax rate	$	80,191	21.0	%	$	26,199	21.0	%
REIT and other non-taxable income	(79,198)		(20.7)	%	(24,501)		(19.6)	%
State income taxes	326		0.1	%	558		0.4	%
Federal benefit of state tax deduction	(69)		—	%	(117)		(0.1)	%
Intra-entity transfers	(3,868)		(1.0)	%	—		—	%
Other	168		—	%	91		0.1	%
Effective tax rate	$	(2,450)	(0.6)	%	$	2,230	1.8	%