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Dividends Declared and Paid | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Dividends Declared and Paid | Dividends Declared and Paid Common Dividends The Company suspended common share dividends beginning after the payment of the March 27, 2020 dividend due to a decline in operating performance caused by the COVID-19 pandemic. During the year ended December 31, 2020, the Company declared total common share dividends of $0.22 per share and distributions on LTIP units of $0.22 per unit. There were no common share dividends declared during the year ended December 31, 2021. The dividends and distributions and their tax characterization were as follows:
|  | Record Date |  | Payment Date |  | Common share distribution amount |  | LTIP unit distribution amount |  | Taxable Ordinary Income |  | Return of Capital |  | Section 199A Dividends
January | 1/31/2020 |  | 2/28/2020 |  | $ | 0.11 |  |  | $ | 0.11 |  |  | $ | — |  |  | $ | 0.1100 |  |  | $ | — |
February | 2/28/2020 |  | 3/27/2020 |  | 0.11 |  |  | 0.11 |  |  | — |  |  | 0.1100 |  |  | — |
Total 2020 |  |  |  |  | $ | 0.22 |  |  | $ | 0.22 |  |  | $ | — |  |  | $ | 0.2200 |  |  | $ | — |
Preferred Dividends During the year ended December 31, 2021, the Company declared total dividends of $0.89713 per share of 6.625% Series A Cumulative Redeemable Preferred Shares. The preferred dividends and their tax characterization were as follows:
|  | Record Date |  | Payment Date |  | Dividend Per Preferred Share |  | Taxable Ordinary Income |  | Return of Capital |  | Section 199A Dividends
September | 9/30/2021 |  | 10/15/2021 |  | $ | 0.48307 |  |  | $ | 0.48307 |  |  | $ | — |  |  | $ | 0.48307 |
December | 12/31/2021 |  | 1/18/2022 |  | $ | 0.41406 |  |  | $ | 0.41406 |  |  | $ | — |  |  | $ | 0.41406 |
Total 2021 |  |  |  |  | $ | 0.89713 |  |  | $ | 0.89713 |  |  | $ | — |  |  | $ | 0.89713 |
For the year ended December 31, 2021, 100.0% of the distributions paid to stockholders were considered ordinary income. For the year ended December 31, 2020, 100.0% of the distributions paid to stockholders were considered return of capital.

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