Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

Allocation Of Income Franchise And Excise Taxes In Consolidated Statements Of Operations

The Company’s provision for income and other tax expense (benefit) was as follows for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands):

	Year Ended December 31,
	2023		2022		2021
State and local income, franchise and excise tax (benefit)	$	1,148	$	900	$	915
Income and other tax expense (benefit) (1)	$	1,148	$	900	$	915

(1)All provisions for income tax amounts are current and none are deferred.

Tax Treatment Of Dividends And Distributions

During the years ended December 31, 2023, 2022 and 2021, the tax character of the Company’s dividends and distributions were as follows:

	Year Ended December 31,
	2023 (1)		2022 (2)		2021 (3)
Tax character of dividends and distributions:
Ordinary dividends	$	1.85676	$	1.75466	$	1.40791
Long-term capital gain		0.57857		0.42850		0.73687
Unrecaptured section 1250 gain		0.17717		0.29434		0.26522
Dividends and distributions per
Common Share/Unit outstanding	$	2.61250	$	2.47750	$	2.41000

(1)The Company’s fourth quarter 2023 dividends and distributions of $0.6625 per Common Share/Unit outstanding will be included as taxable income in calendar year 2024.

(2)The Company’s fourth quarter 2022 dividends and distributions of $0.625 per Common Share/Unit outstanding was included as taxable income in calendar year 2023.

(3)The Company’s fourth quarter 2021 dividends and distributions of $0.6025 per Common Share/Unit outstanding was included as taxable income in calendar year 2022.