Stockholder Equity and Noncontrolling Interests

6 Months Ended

Jun. 30, 2016

Stockholder Equity and Noncontrolling Interests

NOTE 6: Shareholder Equity and Noncontrolling Interests

Stockholder Equity

Common Shares

Our board of directors has declared the following dividends:

Month	Declaration Date	Record Date	Payment Date	Dividend Declared Per Share
January 2016	January 14, 2016	January 29, 2016	February 16, 2016	$	0.06
February 2016	January 14, 2016	February 29, 2016	March 15, 2016	$	0.06
March 2016	January 14, 2016	March 31, 2016	April 15, 2016	$	0.06
April 2016	April 14, 2016	April 29, 2016	May 16, 2016	$	0.06
May 2016	April 14, 2016	May 31, 2016	June 15, 2016	$	0.06
June 2016	April 14, 2016	June 30, 2016	July 15, 2016	$	0.06
July 2016	July 14, 2016	July 29, 2016	August 15, 2016	$	0.06
August 2016	July 14, 2016	August 31, 2016	September 15, 2016	$	0.06
September 2016	July 14, 2016	September 30, 2016	October 17, 2016	$	0.06

During the three and six months ended June 30, 2016, we also paid $0 and $42, respectively, of dividends on restricted common share awards that vested during the period.

Noncontrolling Interest

On February 1, 2016, holders of IROP units exchanged 204,115 units for 204,113 shares of our common stock with fractional units being settled in cash. As of June 30, 2016, 2,950,816 IROP units held by unaffiliated third parties remain outstanding with a redemption value of $24,138, based on IRT’s stock price as of June 30, 2016.

Our board of directors has declared the following distributions on IROP’s LP units:

Month	Declaration Date	Record Date	Payment Date	Dividend Declared Per Share
January 2016	January 14, 2016	January 29, 2016	February 16, 2016	$	0.06
February 2016	January 14, 2016	February 29, 2016	March 15, 2016	$	0.06
March 2016	January 14, 2016	March 31, 2016	April 15, 2016	$	0.06
April 2016	April 14, 2016	April 29, 2016	May 16, 2016	$	0.06
May 2016	April 14, 2016	May 31, 2016	June 15, 2016	$	0.06
June 2016	April 14, 2016	June 30, 2016	July 15, 2016	$	0.06
July 2016	July 14, 2016	July 29, 2016	August 15, 2016	$	0.06
August 2016	July 14, 2016	August 31, 2016	September 15, 2016	$	0.06
September 2016	July 14, 2016	September 30, 2016	October 17, 2016	$	0.06

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6521494

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+ Details