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Shareholders' Equity / Partners' Capital (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Schedule of Preferred Shares Outstanding As of September 30, 2021 and December 31, 2020, the Company had the following series of perpetual preferred shares outstanding (in thousands, except share data):
September 30, 2021December 31, 2020
SeriesIssuance DateEarliest Redemption DateDividend RateOutstanding SharesCurrent Liquidation Value Outstanding SharesCurrent Liquidation Value
Series D perpetual preferred shares5/24/20165/24/20216.500 %— $— 10,750,000 $268,750 
Series E perpetual preferred shares6/29/20166/29/20216.350 %— — 9,200,000 230,000 
Series F perpetual preferred shares4/24/20174/24/20225.875 %6,200,000 155,000 6,200,000 155,000 
Series G perpetual preferred shares7/17/20177/17/20225.875 %4,600,000 115,000 4,600,000 115,000 
Series H perpetual preferred shares9/19/20189/19/20236.250 %4,600,000 115,000 4,600,000 115,000 
Total preferred shares15,400,000 $385,000 35,350,000 $883,750 
Schedule of Distributions Made During Period The Operating Partnership funds the payment of distributions, and the board of trustees declared an equivalent amount of distributions on the corresponding OP units.
For the Three Months Ended
SecuritySeptember 30, 2021June 30,
2021
March 31,
2021
September 30,
2020
June 30,
2020
March 31,
2020
Class A and Class B common shares$0.10 $0.10 $0.10 $0.05 $0.05 $0.05 
6.500% Series D perpetual preferred shares (1)
— 0.30 0.41 0.41 0.41 0.41 
6.350% Series E perpetual preferred shares (2)
— 0.40 0.40 0.40 0.40 0.40 
5.875% Series F perpetual preferred shares
0.37 0.37 0.37 0.37 0.37 0.37 
5.875% Series G perpetual preferred shares
0.37 0.37 0.37 0.37 0.37 0.37 
6.250% Series H perpetual preferred shares
0.39 0.39 0.39 0.39 0.39 0.39 
(1)The 6.500% Series D perpetual preferred shares were redeemed on June 7, 2021 and the distributions for the three months ended June 30, 2021 represent the accrued and unpaid dividends paid to shareholders as part of the redemption.
(2)The 6.350% Series E perpetual preferred shares were redeemed on June 30, 2021.