Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Distributions Made to Common Stockholders on a Per Share Basis

The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2020, 2019 and 2018:

	2020(1)				2019(1)				2018(1)
Ordinary income	$	0.08	5.2	%	$	1.32	44.2	%	$	1.91	64.3	%
Capital gains	0.02		1.3	%	0.64		21.2	%	0.05		1.7	%
Return of capital	1.45		93.5	%	1.04		34.6	%	1.01		34.0	%
Dividends paid	$	1.55	100.0	%	$	3.00	100.0	%	$	2.97	100.0	%

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(1)The 2020, 2019 and 2018 taxable ordinary dividends are treated as "qualified REIT dividends" for purposes of Internal Revenue Code Section 199A.

Schedule of Income Tax Provision of TRSs

The income tax provision of the TRSs for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020		2019		2018
Current	$	439	$	(150)	$	413
Deferred	8		(1,439)		3,191
Income tax benefit (expense)	$	447	$	(1,589)	$	3,604

Reconciliation of Income Tax Provision of the TRSs to the Amount Computed by Applying the Federal Corporate Tax Rate

The income tax provision of the TRSs for the years ended December 31, 2020, 2019 and 2018 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:

	2020		2019		2018
Book loss (income) for TRSs	$	6,058	$	(2,062)	$	19,525
Tax at statutory rate on earnings from continuing operations before income taxes	$	1,272	$	(433)	$	4,100
State taxes	(31)		(280)		513
Other	(794)		(876)		(1,009)
Income tax benefit (expense)	$	447	$	(1,589)	$	3,604

Schedule of Tax Effects of Temporary Differences and Carryforwards of the TRSs Included in Net Deferred Tax Assets

The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2020 and 2019 are summarized as follows:

	2020		2019
Net operating loss carryforwards	$	27,196	$	22,338
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs	2,927		6,784
Other	644		1,635
Net deferred tax assets	$	30,767	$	30,757