Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Effective Income Tax Rate Reconciliation

For the years ended December 31, 2019, 2018 and 2017, the reconciliation of income tax attributable to continuing operations for the Company’s TRS computed at the U.S. statutory rate to the income tax provision was as follows (in thousands):

	2019		2018		2017
Tax expense at U.S. statutory rates on the Company's TRS income subject to tax	$	1,026	$	115	$	2,177
Valuation allowance		—		127		(2,177	)
TRS income tax provision	$	1,026	$	242	$	—

Taxability Of Cash Distributions Table

For income tax purposes, dividends paid to holders of common stock primarily 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, 2019, 2018 and 2017, dividends per share held for the entire year were estimated to be taxable as follows:

	2019					2018					2017
	Amount		Percentage			Amount		Percentage			Amount		Percentage
Ordinary income	$	3.51		91.4	%	$	3.66		99.3	%	$	2.79		80.2	%
Capital gain		0.21		5.5	%		0.02		0.6	%		0.31		8.9	%
Un-recaptured Section 1250 gain		0.12		3.1	%		0.01		0.1	%		0.38		10.9	%
	$	3.84		100	%	$	3.69		100	%	$	3.48		100	%