Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes [Abstract]

Schedule of Deferred Tax Assets and Liabilities

December 31, 2021 and 2020, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands):

	December 31, 2021		December 31, 2020
Deferred tax asset:
Other	$	328	$	308
Deferred tax liabilities:
Unrealized gain from limited partnerships	$	12,946	$	2,087
Other		246		275
Total deferred tax liabilities	$	13,192	$	2,362
Net deferred tax liability	$	12,864	$	2,054

The net deferred tax liability balances are reflected in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets for the years ended December 31, 2021 and 2020.

Taxability Of Cash Distributions

For income tax purposes, dividends paid to holders of common stock generally consist of ordinary income, return of capital, capital gains, qualified dividends and un-recaptured Section 1250 gains, or a combination thereof. For the years ended December 31, 2021, 2020 and 2019, dividends per share held for the entire year were estimated to be taxable as follows:

	2021					2020					2019
	Amount		Percentage			Amount		Percentage			Amount		Percentage
Ordinary income	$	2.43		59.18	%	$	4.00		99.98	%	$	3.51		91.39	%
Capital gain		1.36		33.15	%		0.00		0.02	%		0.21		5.54	%
Un-recaptured Section 1250 gain		0.31		7.67	%		0.00		0.00	%		0.12		3.07	%
Total	$	4.10		100	%	$	4.00		100	%	$	3.84		100	%