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Subsequent Events | 9 Months Ended
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Sep. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Credit Facilities As of October 31, 2016, the outstanding borrowings against the revolving credit facility and term loan facility were $75.0 million and $250.0 million, respectively. Subsequent Dispositions From October 1, 2016, through October 31, 2016, we disposed of 36 properties for aggregate net proceeds of approximately $5.7 million. Subsequent Acquisitions From October 1, 2016, through October 31, 2016, we acquired 129 properties for an aggregate purchase price of approximately $24.5 million. Declaration of Dividends On November 1, 2016, our board of trustees declared quarterly dividends of $0.05 per Class A common share payable on December 30, 2016, to shareholders of record on December 15, 2016, and $0.05 per Class B common share payable on December 30, 2016, to shareholders of record on December 15, 2016. Additionally, our board of trustees also declared quarterly dividends of $0.3125 per share on the Company’s 5.0% Series A participating preferred shares payable on December 30, 2016, to shareholders of record on December 15, 2016, $0.3125 per share on the Company’s 5.0% Series B participating preferred shares payable on December 30, 2016, to shareholders of record on December 15, 2016, $0.34375 per share on the Company’s 5.5% Series C participating preferred shares payable on December 30, 2016, to shareholders of record on December 15, 2016, $0.40625 per share on the Company’s 6.5% Series D perpetual preferred shares payable on December 30, 2016, to shareholders of record on December 15, 2016 and $0.39688 per share on the Company’s 6.35% Series E perpetual preferred shares payable on December 30, 2016, to shareholders of record on December 15, 2016. Hurricane Matthew Certain of our properties in the Florida and Carolina markets were impacted by Hurricane Matthew. The Company is assessing potential damages, which are estimated to be approximately $0.6 million to $1.0 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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