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Shareholders' Equity | 9 Months Ended
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Sep. 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. On September 11, 2024, we awarded under our equity compensation plan an aggregate of 881,767 of our common shares, valued at $3.35 per share, the closing price of our common shares on Nasdaq on that day, to our officers and certain other employees of The RMR Group LLC, or RMR, and certain employees of AlerisLife. Common Share Purchases: During the three and nine months ended September 30, 2024, we purchased an aggregate of 219,864 and 267,551 of our common shares, respectively, valued at a weighted average share price of $3.52 and $3.34, respectively, from our officers and certain other current and former officers and employees of RMR and certain employees of AlerisLife, in satisfaction of tax withholding and payment obligations in connection with the vesting of 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 nine months ended September 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 |
July 11, 2024 |  | July 22, 2024 |  | August 15, 2024 |  | 0.01 |  |  | 2,406 |
|  |  |  |  |  | $ | 0.03 |  |  | $ | 7,214 |
On October 16, 2024, we declared a quarterly distribution to common shareholders of record on October 28, 2024 of $0.01 per share, or approximately $2,413. We expect to pay this distribution on or about November 14, 2024 using cash on hand.

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