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Shareholders' Equity
6 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
Common Share Awards:
On June 5, 2023, in accordance with our Trustee compensation arrangements, we awarded to each of our seven Trustees 20,000 of our common shares, valued at $1.74 per share, the closing price of our common shares on Nasdaq on that day.
Common Share Purchases:
During the three and six months ended June 30, 2023, we purchased an aggregate of 24,513 and 30,488 of our common shares, respectively, valued at a weighted average share price of $1.14 and $1.09 per common share, respectively, from certain former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares.
Distributions:
During the six months ended June 30, 2023, we declared and paid quarterly distributions to common shareholders as follows:
Declaration DateRecord DatePayment DateDistribution Per ShareTotal Distributions
January 12, 2023January 23, 2023February 16, 2023$0.01 $2,397 
April 13, 2023April 24, 2023May 18, 20230.01 2,397 
$0.02 $4,794 
On July 13, 2023, we declared a quarterly distribution to common shareholders of record on July 24, 2023 of $0.01 per share, or approximately $2,398. We expect to pay this distribution on or about August 17, 2023.