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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Dividends Paid, Per Share
Distributions to common stockholders for the last three years are characterized for tax purposes as follows on a per share basis (unaudited):
Year Ended December 31,
20241
20232022
Ordinary income$2.84119 $2.40807 $2.61966 
Capital gain— 0.24805 — 
Return of capital— 0.94388 0.98034 
Distributions per common share$2.84119 $3.60 $3.60 

1Pursuant to Section 857(b)(9) of the Internal Revenue Code, the $0.90 per share cash distribution paid on January 29, 2025 with a record date of December 31, 2024 (the “January 2025 Cash Distribution”) is treated as received by stockholders on December 31, 2024 to the extent of 2024 earnings and profits. As the Company’s aggregate 2024 cash distributions exceeded 2024 earnings and profits, only a portion of the January 2025 Cash Distribution has been included as a distribution for 2024 tax reporting. The remainder of the January 2025 Cash Distribution will be treated as a 2025 distribution for federal income tax purposes.