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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2024
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders' Equity Common Share Awards: On May 31, 2024, in accordance with our Trustee compensation arrangements, we awarded to each of our seven Trustees 37,037 of our common shares, valued at $2.43 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, 2024, we purchased an aggregate of 17,511 and 47,687 of our common shares, respectively, valued at a weighted average share price of $2.38 and $2.50, respectively, from certain former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of prior awards of our common shares. We withheld and purchased these common shares at their fair market values based upon the trading prices of our common shares at the close of trading on Nasdaq on the applicable purchase dates. Distributions: During the six months ended June 30, 2024, we declared and paid quarterly distributions to common shareholders as follows:
Declaration Date |  | Record Date |  | Payment Date |  | Distribution Per Share |  | Total Distributions
January 11, 2024 |  | January 22, 2024 |  | February 15, 2024 |  | $ | 0.01 |  |  | $ | 2,404 |
April 11, 2024 |  | April 22, 2024 |  | May 16, 2024 |  | 0.01 |  |  | 2,404 |
|  |  |  |  |  | $ | 0.02 |  |  | $ | 4,808 |
On July 11, 2024, we declared a quarterly distribution to common shareholders of record on July 22, 2024 of $0.01 per share, or approximately $2,406. We expect to pay this distribution on or about August 15, 2024 using cash on hand.

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