XML 52 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Summary of Shares Issued During the years ended December 31, 2022, 2021 and 2020, we awarded shares to our Trustees, officers and other employees of RMR as follows:
YearNumber of SharesWeighted Average Grant Date Fair ValueWeighted Average Value of Grants
2022433,500 $6.63 $2,874 
2021340,700 $11.26 $3,839 
2020305,400 $8.91 $2,722 
Summary of shares granted, vested, forfeited and unvested
A summary of shares awarded, vested, forfeited and unvested under the terms of the Share Award Plan for the years ended December 31, 2022, 2021 and 2020 is as follows:
202220212020
Number
of
Shares		Weighted
Average
Grant Date
Fair Value		Number
of
Shares		Weighted
Average
Grant Date
Fair Value		Number
of
Shares		Weighted
Average
Grant Date
Fair Value
Unvested shares, beginning of year425,030 $11.93 325,900 $14.71 194,540 $26.59 
Shares awarded433,500 $6.63 340,700 $11.26 305,400 $8.91 
Shares vested(266,300)$10.20 (240,470)$14.78 (173,190)$17.76 
Shares forfeited(3,400)$12.08 (1,100)$12.96 (850)$26.93 
Unvested shares, end of year588,830 $8.81 425,030 $11.93 325,900 $14.71 
Schedule of stock repurchases
During the years ended December 31, 2022, 2021 and 2020, we repurchased our common shares from certain of our officers and certain current or former employees of RMR, in satisfaction of tax withholding and payment obligations in connection with the vesting of our common shares as follows:
YearAggregate Number
of Shares Repurchased		Weighted Average
Repurchase Price		Value
202269,867 $6.72$470
202171,100 $11.11$790
202043,751 $7.90$346
Schedule of distributions paid
During the years ended December 31, 2022, 2021 and 2020, we paid distributions on our common shares as follows:
Annual Per Share DistributionTotal DistributionCharacterization of Distribution
Year Ordinary IncomeCapital GainReturn of CapitalQualified Dividend
2022$0.23$38,044—%—100.00%—%
2021$0.04$6,596—%—100.00%—%
2020$0.57$93,804—%—100.00%—%
Schedule of amounts recognized in cumulative other comprehensive income (loss)
The following table presents changes in the amounts we recognized in cumulative other comprehensive income (loss) by component for the year ended December 31, 2022:
Equity in
Unrealized Gain
(Loss) of InvesteesTotal
Balance at December 31, 2020$(760)$(760)
Other comprehensive loss1,539 1,539 
Balance at December 31, 2021779 779 
Other comprehensive income1,604 1,604 
Balance at December 31, 2022$2,383 $2,383