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Equity
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Equity
7.
Equity

Common Share Dividends

 

 

Three Months

 

 

Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Common share dividends declared per share

 

$

0.13

 

 

$

0.13

 

 

$

0.39

 

 

$

0.39

 

Common Shares Repurchased

In the first quarter of 2023, the Company repurchased 1.5 million of its common shares in open market transactions at an aggregate cost of $20.0 million, or $13.43 per share. In late December 2022, the Company repurchased 0.5 million common shares at an aggregate cost of $6.6 million, which settled in January 2023.

Non-Controlling Interests

In May 2023, the Company repurchased 140,633 Operating Partnership units (“OP Units”) outstanding for cash at an aggregate cost of $1.7 million. The gain on the transaction was reflected in Additional Paid-in-Capital.