The following table summarizes issuance, repurchase, and other activity with respect to the Company's common stock for the three- and nine-month period ended September 30, 2019:



	Three-Month Period Ended September 30, 2019	Nine-Month Period Ended September 30, 2019
Shares of Common Stock Outstanding (6/30/2019 and 1/1/19, respectively)	29,745,776	29,796,601
Share Activity:
Shares of common stock issued	4,025,000	4,025,000
Shares of common stock repurchased	—	(50,825	)
Director OP LTIP Units exercised	3,610	3,610
Shares of Common Stock Outstanding (9/30/19)	33,774,386	33,774,386

The following table summarizes issuance, repurchase, and other activity with respect to the Company's common shares for the three- and nine-month periods ended September 30, 2018:



	Three-Month Period Ended September 30, 2018	Nine-Month Period Ended September 30, 2018
Common Shares Outstanding (6/30/2018 and 12/31/2017, respectively)	30,149,880	31,335,938
Share Activity:
Shares repurchased	—	(1,186,058	)
Director LTIP Units exercised	3,334	3,334
Shares issued in connection with incentive fee payment	1,841	1,841
Common Shares Outstanding (9/30/2018)	30,155,055	30,155,055