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Distributions

12 Months Ended

Dec. 31, 2020

12. Distributions

We must distribute at least 90% of our taxable income in order to continue to qualify as a REIT. This distribution requirement can be satisfied by current year distributions or, to a certain extent, by distributions in the following year.

For federal tax purposes, distributions to stockholders are treated as ordinary income, capital gains, return of capital or a combination thereof. Distributions for 2020, 2019 and 2018 were cash distributions. The federal income tax classification of the per share common stock distributions are as follows (unaudited):


	Year Ended December 31,
	2020		2019		2018
Ordinary taxable distribution	$	0.936	$	2.084	$	0.349
Unrecaptured Section 1250 gain		0.894		0.132		0.636
Long-term capital gain		0.450		0.064		1.295
Total	$	2.280	$	2.280	$	2.280