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Distributions Paid and Payable (Tables) | 12 Months Ended
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Dec. 31, 2021
Dividends [Abstract] |
Summary of monthly distributions paid per common share | The following is a summary of monthly distributions paid per common share for 2021, 2020 and 2019:
Month |  | 2021 |  | 2020 |  | 2019
January |  | $ | 0.2345 |  |  | $ | 0.2275 |  |  | $ | 0.2210 |
February |  | 0.2345 |  |  | 0.2325 |  |  | 0.2255 |
March |  | 0.2345 |  |  | 0.2325 |  |  | 0.2255 |
April |  | 0.2350 |  |  | 0.2330 |  |  | 0.2260 |
May |  | 0.2350 |  |  | 0.2330 |  |  | 0.2260 |
June |  | 0.2350 |  |  | 0.2330 |  |  | 0.2260 |
July |  | 0.2355 |  |  | 0.2335 |  |  | 0.2265 |
August |  | 0.2355 |  |  | 0.2335 |  |  | 0.2265 |
September |  | 0.2355 |  |  | 0.2335 |  |  | 0.2265 |
October |  | 0.2360 |  |  | 0.2340 |  |  | 0.2270 |
November |  | 0.2360 |  |  | 0.2340 |  |  | 0.2270 |
December |  | 0.2460 |  |  | 0.2340 |  |  | 0.2270 |
Total |  | $ | 2.8330 |  |  | $ | 2.7940 |  |  | $ | 2.7105 |
Schedule of federal income tax characterization of distributions paid or deemed to be paid | The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:
|  | 2021 |  | 2020 |  | 2019
Ordinary income |  | $ | 1.5146899 |  |  | $ | 2.2798764 |  |  | $ | 2.1206964 |
Nontaxable distributions |  | 3.2925615 |  |  | 0.4902835 |  |  | 0.5898036 |
Total capital gain distribution (1) |  | 0.0854609 |  |  | 0.0238401 |  |  | — |
Totals (2) |  | $ | 4.8927123 |  |  | $ | 2.7940000 |  |  | $ | 2.7105000 |
(1) Unrecaptured Section 1250 Gain of $0.0649153, or 1.327% of the total common dividends paid in 2021, and Section 897 Gain of $0.0854609, or 1.747% of the total common dividends paid in 2021, both represent additional characterization of, and are part of, total capital gain distribution. (2) The amount distributed in 2021 includes the $2.060 tax distribution of Orion shares, that occurred in conjunction with the Orion Divestiture on November 12, 2021, after our merger with VEREIT on November 1, 2021. The fair market value of these shares for tax distribution was determined to be $20.6272 per share, which was calculated using the five day volume weighted average share price after issuance.

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- Definition Tabular disclosure of an entity's characterization of dividend distributions per share for federal income tax purposes. + References No definition available. + Details
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- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
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